Telson Resources Inc. Retains Metal Mining Consultants Inc. to Prepare Pre-Feasibility Study to NI 43-101 Standards for 500 tonne per Day Underground Mining Operation
VANCOUVER, BRITISH COLUMBIA / TheNewswire / June 20, 2016 - Telson Resources Inc. (TSX Venture - TSN) ("Telson" or the "Company") is pleased to announce that it has retained Metal Mining Consultants Inc. of Highlands Ranch, CO (herein "MMC") to complete a pre-feasibility level technical report ("PFS") that will be written to the specifications of National Instrument 43-101 Standards of Disclosure for mineral projects. The report will take major components of an internal scoping study ("ISS") prepared by Reyna Mining ("Reyna") and bring it to NI 43-101 pre-feasibility disclosure requirements for a 500 tonne/day underground mining operation. Reyna is considered an insider of the Company as defined by NI 43-101 and as such their report must be validated by an independent third party in order to meet the requirements for public disclosure.
MMC will commence work on the PFS on June 20, 2016 with an estimation completion of the final report by September 2016.
About Telson Resources Inc.
Telson Resources Inc. is an exploration and development company strategically focused on gold, silver and base metals in the prolific Sierra Madre Belt of Mexico. The Company holds 99% of the outstanding shares of its Mexican subsidiary company that maintains 100% ownership in 7,492 hectare Tahuehueto Property, an advanced stage gold and base metal exploration and development project.
About Metal Mining Consultants Inc.
Metal Mining Consultants Inc. is a full-service mining engineering firm, specializing in all aspects of exploration, mine development, and mine operations.
Qualified Person
This press release was prepared under the supervision and review of Ralph Shearing, P.Geol., President and Director of Telson Resources Inc., a Professional Geologist registered in Alberta as a member of the professional organization APEGA, and a Qualified Person as defined by NI 43-101
ON BEHALF OF THE BOARD OF DIRECTORS
(signed) "Ralph Shearing"
Ralph Shearing, President
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release.
WARNING: The Company relies upon litigation protection for "forward-looking" statements. This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Telson Resources Inc. relies upon litigation protection for forward-looking statements.
Contact:
Glen Sandwell, Communications Manager
Tel: (604) 684-8071 Email: ir@telsonresources.com
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