Published:
Tara Gold Commissions Technical Study to Advance Las Minitas
Tara Gold Resources Corp. (OTC: TRGD) (the
"Company") is pleased to announce that it has commissioned an independent
technical review and report for the Las Minitas Property portfolio. The
review will be carried out by Michael Sandidge, P Geo., a qualified person,
as defined under National Instrument 43-101.
Historical information regarding Las Minitas indicates three mineralized
zones of interest that contain a potential of 22 million tons of ore
grading 20 oz/t silver and 0.08 oz/t gold. Metallurgical testing indicates
that recoveries of 90% for both silver and gold may be achievable by
cyanidation alone. The full historical report is available at
http://TaraGoldResources.com.
Mr. Francis Biscan Jr., President of Tara Gold Resources stated, "We are
grateful to have formed relationships in Mexico that continue to bring us
properties of substantial merit. The Las Minitas project holds the
potential for 400 million ounces of silver and 1.7 million ounces of gold.
The technical data was taken from historical records and are based on a
technical report that was written in 1995, prior to the implementation of
NI 43-101. We look forward to receiving a qualified NI-43-101 report, which
will also outline a sampling, trenching, and drilling program to advance
this property."
The Company will focus its initial efforts on the validation of the
previous exploration work that outlined three wide, high-grade, lode-type
mineralized bodies: the North, Central, and El Negro zones, with postulated
strike lengths of 400, 500, and 700 meters respectively. These three zones
are considered to be outstanding precious metal exploration targets.
Cautionary Note
The tonnages, grades, assays, drill intercepts, production figures and
other technical data are taken from historical records prior to the
implementation of NI 43-101. While the data is believed to have been
acquired, processed and disclosed by persons believed to be technically
competent, it is unverifiable at present. The data source for the Las
Minitas property is largely the 1995 Report by D.B. Perterson. Tara Gold is
not treating the historical estimates as current mineral resources or
mineral reserves as defined in NI 43-101 and the historical estimate should
not be relied upon.
About Michael H. Sandidge, P.Geo.
Michael Sandidge is a qualified person, as defined under National
Instrument 43-101. He has a Masters degree in Geological Sciences from the
University of Texas at El Paso and has participated in seventeen
professional publications and presentations before scientific societies
focusing on tectonics, structural geology, metallogenesis, and
paleontology. He also has extensive experience in Mexico and is familiar
with historical and current work in the region. Michael does not have any
relationship with Tara Gold or its affiliates.
About Tara Gold Resources Corp.
Tara Gold Resources Corp. is a growth-oriented precious metals exploration
and development company with existing production. It is management's
objective to become a significant gold and precious metals producer by
increasing our current production at La Currita, re-initiating mining and
production at Lluvia de Oro, and developing the San Miguel, La Millionaria,
and Las Minitas projects in Mexico. We continue to acquire other
advanced-stage projects and/or producing mines in one of the most prolific
precious metal districts in the world. For more information, please visit
the Company's web site at: http://TaraGoldResources.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: The statements contained herein which are not historical are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, certain delays
beyond the company's control with respect to market acceptance of new
technologies or products, delays in testing and evaluation of products, and
other risks detailed from time to time in the Company's filings with the
Securities and Exchange Commission.
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