TELSON RESOURCES INC.
Building Resource Wealth in Mexico
Telson Resources Inc. is an exploration and mine development company strategically focused on gold, silver and base metals in the prolific Sierra Madre Mineral Belt of Mexico.
The Company has been conducting an exploration and drilling program to expand and upgrade its resources at its flagship Tahuehueto Project in Durango State.
On October 4, 2010 Telson announced the results of a Preliminary Economic Assessment ("PEA") completed by Snowden Mining Industry Consultants Inc. Key findings from the report included:
|Summary of PEA Estimates|
|Net Cashflow||$US 184.2 million|
|NPV (5% discount)||$US 109.6 million|
|Internal Rate of Return %||31%|
|Payback period||27 months|
|Mine Life||11 years|
|Max processing rate (per annum)||1,000,000 tonnes|
|Capital and startup costs||$US 89.1 million|
|Calculations based on 3 year rolling average of metal prices as of August 2010
Gold - 965.81, Silver - 15.38, Copper - 2.92, Lead - 0.95, Zinc - 0.88
The Tahuehueto Project is a classic epithermal system hosting multiple structures traced for up to six kilometers of strike length. The project area has geological similarities to nearby mines, notably La Cienega, a polymetallic deposit operated by Penoles, Mexico's largest mining company.