The Tahuehueto Project consists of 28 mining concessions grouped into five non-contiguous blocks that total approximately 7,492 hectares. Tahuehueto lies within the prolific Sierra Madre Mineral Belt, which hosts a series of historic and producing mines and most of Mexico's active exploration and development projects. The project is situated about 25 km north of the Topia polymetallic-silver mine, 65 km northwest of the La Cienega gold, silver, base metal mine, 85 km southwest of the Guanacevi silver district, 280 km southeast of the Palmarejo silver and gold mine and 150 km northwest of the San Dimas mining district, most notable for the Tayoltita silver and gold mine.
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Campo Morado is an underground multi-metal mine with infrastructure, installations and equipment capable of processing 2,500 tonnes of ore per day. To the end of 2014 there had been 3,036 exploration diamond drill holes totalling 577,155 metres identifying at least 7 mineralized zones, containing approximately 14.7 million tons of measured and indicated resources grading 3.76% zinc, 0.88% copper, 0.81% lead, 106 g/t Ag and 1.34 g/t Au plus an additional 2.15 million tons of inferred mineral resources as calculated and released by Nyrstar in early 2015. The Campo Morado Mine was commissioned and commenced operations in 2009. Nyrstar purchased Farallon Resources in a friendly takeover in 2010 for the equivalent of approximately C$420 million thereby gaining control of Campo Morado. Nyrstar produced up to the end of 2014 when mining operations were suspended in January 2015 and the mine was placed on care and maintenance due to deteriorating industry conditions. During 2014, the mine processed 657,000 tons of ore with an average grade of 1.2g/t Au, 115.7 g/t Ag, 4.6% Zn, 1.2% Cu and 0.9% Pb. The concentrates produced in the same year were 48,000 tons of Zn concentrate at 47% Zn and 29,000 tons of Cu concentrate at 13%, including 6,000 oz of Au and 0.9 million oz of Ag.
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JOSE ANTONIO BERLANGA BALDERAS
P.ENG. CEO AND DIRECTOR
Sr. Berlanga is a Mining and Metallurgist Engineer with over 42 years of experience in the acquisition, evaluation, design, planning, engineering, construction and operation of mining and metallurgical units.
In addition to his role as Telson’s CEO, Antonio’s prime responsibility is managing all facets of Telson’s mining, processing, development and exploration work, and setting Telson’s strategic direction.
Sr. Berlanga has extensive experience and skills in the development and operation of mining projects through the application of technology and high optimization methods in extracting minerals. Some of the projects that Antonio through Reyna Minas has participated include: El Oro in the State of Mexico, La Negra in Queretaro, La Amelia in Sonora and Pinzan Morado in Guerrero, among others. He has also promoted important mining assets with Canadian companies, the latest being the Morelos Sur and El Barqueno projects with Cayden Resources.
From 1993 to 2001 he obtained invaluable knowledge of the deposits and mines in Mexico as deputy technical director of the Trust for Mining Development in Mexico, a development bank specializing in the mining industry. He has been a two term President of the prestigious College of Engineering Geologists, Mining and Metallurgist of Mexico and has occupied executive positions in the AIGMM as well as an advisor in the Engineering faculty at UNAM.
During his professional career, he worked eight years as divisional projects superintendent with Servicios Industriales Penoles, SA de CV participating in the development and construction on various mines between 1978-1985 and with Minas de San Luis in 1980 and Minera Autlan in 1977.
P.GEOL. PRESIDENT AND DIRECTOR
Ralph Shearing is responsible for the management of public company management and compliance and was Telson’s founder.
Mr. Shearing is a graduate of the University of British Columbia holding a B. Sc. Geology Degree. Since graduating in 1981, Mr. Shearing has practiced his profession as a professional geologist throughout Canada, and internationally. He has been directly involved in several world class exploration and development projects in British Columbia, Canada. During an active mineral exploration and development career, Mr. Shearing has gained hands-on experience in all aspects of mineral exploration, including, geophysics, geochemistry, geology and diamond core drilling, the latter as a senior partner of a successful contract diamond drilling company.
Mr. Shearing's experience managing and directing publicly listed companies over the last 32 years, combined with his practical experience in implementing major exploration projects, gives Telson a director with unique insight, invaluable practical experience, and a well rounded business approach to a junior resource company.
Rory Godinho is the Co-Chair of Miller Thomson’s Capital Markets and Securities Group. He has extensive contacts in the Canadian capital markets and has assisted several public and private companies with raising equity. He has a broad range of experience in all types of securities transactions and corporate governance related matters.
Rory’s primary responsibility is Telson’s capital markets initiatives.
He is the past Chair of the TSX Venture Exchange’s National Advisory Committee, and a current director of the Capital Markets Authority Implementation Organization (CMAIO) which is expected to create and evolve into the Capital Markets Regulatory (CMRA). CMRA is a cooperative proposal by several Canadian Provinces, including British Columbia and Ontario, and the Canadian Federal Government to create a single regulator to administer a common securities act.
VP CORPORATE DEVELOPMENT AND DIRECTOR
Mr. Margalef is a former investment banker with 10 years of experience in mergers and acquisitions, financial valuations, evaluation of investment projects, analysis of financial statements and cash flow management. He has performed business valuations and analysis of investment projects for Mexican and transnational companies in the mining industry, training/education industries, payments industry and hardware industry, among others.
During his professional career, 5 years have been dedicated specifically to the mining industry, having been a partner at Candiani Mining Investment Bank for 3 years. He has advised numerous clients in the valuation of their mines and exploration projects. Additionally, he managed the investments of Vander Capital Partners private equity fund for the acquisition and exploration of two early stage exploration projects before moving to Vander Mining, a Vander Capital Partners subsidiary, as a partner.
Enrique is primarily responsible for Telson’s corporate development including negotiating and setting all commercial agreements, such as acquisitions, royalty, credit facility and lease agreements.
He graduated in Economics from Universidad Anahuac in Mexico.
Mr. Bonillas is the former President and Co-Founder of Timmins Gold Corp. (Now Alio Gold Inc.) His knowledge of mining in Mexico has been essential to the Company's success. As President he built the production and exploration teams in Mexico and guided the company to consistent annual increases in reserve and resource growth, throughput and production. The Mexican team led by Mr. Bonillas has an impeccable track record in relationships with the local communities, obtained in his more than 34 years of experience in the mining and exploration industry in Mexico. He has held positions ranging from mine planning engineer, operations research engineer, chief of financial planning and Vice President of purchasing for Compania Minera de Cananea, and later for a subsidiary of Placer Dome in Mexico. He directed full bankable feasibility studies for the Mulatos gold project in Sonora, and the San Felipe gold project in Baja California. Mr. Bonillas is currently Chairman of the Advisory Board of Discovery Metals, a Mexican focused base metals exploration company. In 2017, he was awarded the prestigious Ostotakani Award, which is given to distinguished leaders in the Mexican mining industry.
Mr. Bonillas holds a B.Sc. degree in Industrial Engineering from the University of Arizona (1980). His extensive network of contacts and thorough understanding of the Mexican mining industry will enhance the Board's understanding of operations and local issues. Mr. Bonillas is fluent in both Spanish and English.
REMIGIO MARTINEZ MULLER
Sr. Martinez worked his whole professional career with Grupo Mexico starting in 1967 as a Mine Geologist in Taxco, Guerrero and ending as Grupo Mexico’s Director of Exploration in 2013. From 2013 to 2016 he maintained an exclusive consultant position with Grupo Mexico and became an independent consultant thereafter.
During his career with Grupo Mexico, Sr. Martinez oversaw geophysical exploration in Mexico where his work was instrumental in the discovery of several porphyry copper deposits, such as El Arco in Baja California and Malpica in Sinaloa Mexico. From 1975 to 1980 Sr. Martinez was Chief Mine Geologist, where his group of geological professionals increased the reserves of seven underground mines owned by Grupo Mexico’s subsidiary, Industrial Minera Mexico S.A. (IMMSA).
During his tenure as Director of Exploration he was influential in the definition and evaluation of the Buenavista Zinc deposit, adjacent to the Cananea Porphyry Copper deposit. In South America, Sr. Martinez supported the exploration staff of Southern Peru in the discovery of the “La Tapada” portion of the Tia Maria copper deposit and in identifying several other deposits in Chile. His most recent contribution to the Grupo Mexico was the preliminary evaluation of the Aznalcollar massive sulfide deposit in Spain.
In his 46-year career with Grupo Mexico, Sr. Martinez worked as a Geophysicist and Exploration Geologist, Manager of Mine Geology for underground operations, and Director of Exploration for Grupo Operations in Mexico, Peru, USA, Canada, French Guyana, Ireland, Australia and Chile. During his career, he has worked in all facets of mineral exploration and development, from field geology to final economic evaluation of properties and onward to underground and open pit mining operations. He has extensive expertise in porphyry copper and in underground vein and skarn type deposits.
Sr. Martinez graduated with a B.S. in Geology from Michigan Technological University in 1966 and in 1973 he received a M.S. in Economic Geology from the Colorado School of Mines. He has been a member of the Asociacion de Ingenieros de Minas, Metalurgistas y Geologos de Mexico, AC since 1967. He has also been a member of the Society of Economic Geologists from 1980 to 1988 and from 1998 to 2013.
B.COMM, CFA, CMA, CPA DIRECTOR
Mr. Yao Sun graduated from the University of BC with a Bachelor of Commerce in 2005. He is an active member of the CFA Institute and the Certified Management Accountants (CMA) of Canada. Upon graduation from UBC, Mr. Sun was a financial analyst and portfolio manager for a private real estate company in Beijing, China. He is currently the CEO of Clearstone Capital Corporation, a Canadian company which provides advisory services to Canadian & Chinese public companies.
Mr. Guzmán obtained a master’s degree in Finance from the Universidad Tecnologica de Mexico in 1989 and has more than 25 years of experience in the Financial Sector, primarily in Mexico. Initially working as finance manager for several Mexican publicly traded companies, such as Finamex S.A. de C.V., Bursamex S.A. de C.V and Invermexico S.A. de C.V, as well as other private Mexican financial companies, including Unión de Crédito Metropolitana SA de CV, Soluciones Integral SA de CV and FOVISSTE. Mr. Guzman is also a Director of Bursamétrica Casa de Bolsa, a Mexican brokerage firm.
Mr. Guzman, an indirect controlling shareholder and insider of the Company is currently President, Director and major shareholder of the ESCORFIN Group, which owns several private equity funds that specialize in real estate development, energy innovations, and tourism investment in Mexico.