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Telson Mining reports significant sample results from Tahuehueto project in Mexico

The firm said channel-sampling results reported highlight assays of 12.55 g/t (grams per tonne) gold over a width of 1.7 meters

Telson's 100%-owned Tahuehueto project in Mexico consists of 28 mining concessions that total approximately 7,492 hectares

Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) released promising news Monday that it has reported more channel sample results from its Tahuehueto project in Mexico, a 1,000 tonne per day gold mine, which is currently being developed. 

Channel sampling results received to date within a portion of this development included highlight assays of 12.55 g/t (grams per tonne) gold over a width of 1.7 meters (m) and another assay of 7.87 g/t gold over 2.7m. 

"Ongoing sampling during underground development continues to return results that verify the reserves and resources within the geological model and demonstrate the high quality of the gold mineralizing system at Tahuehueto," the company noted in a statement. 

WATCH: Telson Mining sees strong Q-1 numbers with operating profit of 3.05 million

Other assays included 7.28 g/t gold over 3.45 metres and 8.25 g/t over 2.60 metres. 

Telson's 100%-owned Tahuehueto project consists of 28 mining concessions grouped into five blocks that total approximately 7,492 hectares. The project itself is in a particularly promising location: within the prolific Sierra Madre mineral belt, the host of most of Mexico's active exploration and development project, along with many of its historic mines.

Telson’s wholly-owned Tahuehueto project is currently in construction. Tahuehueto pre-production kicked off in August 2017 at a rate averaging approximately 100 tonness per day and shipping ore to a third-party toll mill for processing.

The company aims to be in full production with its own on-site mineral processing plant by the end of 2019.

Shares of Telson were at C$0.38 on Monday. 

Contact Katie Lewis at [email protected]

Quick facts: Telson Mining Corporation

Price: 0.13 CAD

Market: TSX-V
Market Cap: $18.15 m

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