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Tara Gold Commissions Technical Study to Advance Las Minitas CHICAGO, April 10, 2006 (MARKETWIRE) – (Other OTC: TRGD.PK) Tara Gold Resources Corp. (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. Contact Tara Gold Resources Corp., OTC: TRGD.PK Website: www.TaraGoldResources.com E-mail: president@taragoldresources.com Corporate Office: 630-462-2079 Investor Relations: 503-465-1983 Click Here to Sign up for Tara Gold News Release Distribution and Update Alerts What do you think? Apr 10, 2006 http://www.taragoldresources.com/news.php |
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| aus der Diskussion: | TARA GOLD wird Paramount überflügeln |
| Autor (Datum des Eintrages): | power_48 (10.04.06 22:36:57) |
| Beitrag: | 11 von 1,753 (ID:21152855) |
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