lead and zinc concentrate
Telson Delivers First Concentrates Produced at Campo Morado and Adds Capital Markets Expertise to Board.
Click to access TSN_NR_174_Nov13_2017.pdf
Vancouver, British Columbia, November 13, 2017.
Highlights:
Five Transport Trucks Carrying Telson’s First Campo Morado Concentrate Production have been shipped and delivered to Trafigura Mexico
Delivery Included approximately 225 wet Tonnes of Zinc Concentrate
Additional 575 tonnes of zinc concentrate and 250 tonnes of lead concentrate produced and schedule for shipping this week.
Campo Morado Mineral Processing Plant Running Continuously 24/7
Senior Securities Lawyer with Extensive Capital Markets Expertise Joins Telson’s Board.
Options granted to Directors, Officer and Employees.
Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V) is pleased to announce it has delivered its first Campo Morado produced zinc concentrates to Trafigura’s warehouse in Manzanillo, Mexico.
Since re-starting operations at Campo Morado just three weeks ago the Company is happy to report that the mill is operating from October 29, 2017 on a 24/7 continuous basis and up to November 5, 2017 had produced more than 800 tonnes of zinc concentrate and more than 250 tonnes of lead concentrate.
Telson Signs Term Sheet for Loan Facility and Offtake Agreement with Trafigura for up to US$15 Million To Finalize Mine Construction at Tahuehueto.
Click to access TSN_NR_172_Oct30_2017.pdf
Vancouver, British Columbia, Monday October 30, 2017.
Highlights:
Executed terms sheet for loan facility with Trafigura for up to US$15 million for mine construction.
Funding enables construction of mineral processing facility, related mining facilities, plus infrastructure and underground development at Tahuehueto
Funds Available to the Company in Three Tranches According to Development Progress and certain conditions with first tranche within 30 days of signing formal agreements.
The Offtake Terms are for 100% production of zinc and lead concentrates with a minimum fixed tonnage, starting delivery in January 2018 and ongoing until December 2022 Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V) is very pleased to announce it has signed a term sheet of a Loan Facility and Offtake Agreement with Trafigura Mexico S.A. de C.V. (“Trafigura”), a market leader in the global commodities industry, to sell 100% of the lead and zinc concentrate produced at the Tahuehueto Mine from January 1st 2018 to December 31st 2022. Trafigura will provide Telson with a credit facility of US$15 million upon signing formal agreements, thereby securing the bulk of the capital requirements to construct and operate an ongoing 1,000 tonne per day mining operation at Tahuehueto.
Although Telson cannot guarantee the completion and signature of final contracts, negotiations have reached fully mutual agreement terms and the parties have signed a term sheet providing comfort to both parties to conclude and execute final contracts which are being currently drafted and are expected to be signed during the next couple of weeks.
AMERICAS SILVER CORPORATION ANNOUNCES FIRST SHIPMENTS OF SAN RAFAEL CONCENTRATES
Click to access nr20171003.pdf
TORONTO, ONTARIO—October 3, 2017— Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) is pleased to announce that first processing of ore from its San Rafael
Project occurred in the last week of September, 2017 from development stockpiles. The first lead and zinc concentrates produced from the Company’s newly modified Los Braceros Mill have been shipped to the Port of Manzanillo from the Cosalá Operations in Sinaloa, Mexico.
The reconfigured flotation circuit at the Los Braceros Mill has been successfully commissioned. Initial milling rates, metal recoveries and concentrate grades are meeting expectations and approaching steady‐ state targets set out in the April 2016 San Rafael Pre‐Feasibility Study. The Company expects San Rafael to be the sole source of mill feed by the end of November, 2017 with commercial production expected before the end of the fourth quarter. Five development headings are currently accessing ore in the southern lobe of the Main Zone at San Rafael and will be stockpiled while the existing Nuestra Señora ore is processed.
The Nuestra Señora mine is expected to be put on care and maintenance by the end of Q1 2018, although additional material is available to supplement mill feed, if required.
Telson Resources Inc Sells 471 Tonnes of Tahuehueto Lead and Zinc Concentrates Processed Aug. 2017 for Cash Proceeds of US $1,584,902.
Click to access TSN_NR_167_Sep26_2017.pdf
Vancouver, British Columbia, Sept 26, 2017 – Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V) is pleased to announce that it has received final assay results and sales terms from 155.38 tonnes of lead concentrates and 316.39 tonnes of zinc concentrates (the “Lot 2 Atocha Concentrates”) produced at the Atocha Toll Mill during August 2017 from processing of approximately 4,213 tonnes of ore mined from the Tahuehueto Project – Level 10 El Creston Zone.
The Lot 2 Atocha Concentrates were sold to Mercuria Commodities Trading S.A, de C.V. (“Mercuria”) for total cash proceeds of US $1,584,902 pursuant to a concentrate purchase arrangement with Mercuria, as announced in a news release dated July 6, 2017, whereby Mercuria advanced US $1 million to Telson as a prepayment against the purchase of concentrates to be produced during 2017 from Telson’s pre- production initiative.
Telson Secures US$5 Million Loan Facility and Offtake Agreement with Trafigura and is Now Fully Funded to Restart Operations at Campo Morado Mine
Click to access TSN_NR_165_Sep18_2017.pdf
Vancouver, British Columbia, Monday September 18th, 2017.
Highlights:
Executed loan facility with Trafigura in the amount of US$5 million for working capital
Full funding enables restart of mining and mineral processing at Campo Morado Mine
Full US$5 million has been received into Telson´s bank account
The Offtake Agreements are for 100% production of zinc and lead concentrates with a minimum
fixed tonnage, starting delivery in October 2017 and ongoing until December 2021
Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V)
is very pleased to announce it has entered into a Loan Facility and Offtake
Agreements (the “Agreements”) with Trafigura Mexico S.A. de C.V.
(“Trafigura”), a market leader in the global commodities industry, to sell
100% of the lead and zinc concentrate produced at the Campo Morado Mine
from the commencement of commercial production estimated during
October 2017 and until December 2021. Trafigura has provided Telson with
a credit facility of US$5 million thereby securing full working capital
requirements to initiate the restart of continuous mining operations at the
Campo Morado Mine.