CHICAGO IL--(Marketwire - July 13, 2010) - Tara Minerals Corp. (
The newly discovered La Bolita Silver, Lead, Zinc and Copper vein structure is located within 1 km of the currently mined Don Roman veins. Initial surface and trench samples to date indicate higher Lead content, lower Zinc values and contains showings of Copper. One sample returned 35 g/t Silver, 11.69% Lead, 6.15% Zinc, and 3.4% Copper. Outcrops have been traced up to a distance of 260 meters. On the basis of sampled results to date, and due to the close proximity to the currently mined zone, the La Bolita structure is considered of high importance. Tara is considering three small test pits to open up the structure and to obtain channel samples of these zones towards determining its economics.
Two other mineralized structures have been observed and labeled as the Rosita Silver, Zinc, Lead and Gold target. The Rosita target is located on the opposite side of the mountain from the main Don Roman portal, a distance of approximately 400 meters straight through the mountain. The Don Roman adit is already 90 meters into the mountain and heading towards Rosita. One surface sample returned 245 g/t Silver, 12.76% Lead, and 27.85% Zinc. This zone is important for two reasons; one is that the butting contact between the structures indicates an opening area, an indication of a mineralization event of interest and, two, that the structure of low angle as seen, would be a replacement structure which opens the possibility of discovering more structures of this kind in the area.
Mr. Francis Biscan Jr., President of Tara Minerals Corp., commented, "We now have approximately 350 meters of mine tunnels over three levels. We continue to discover significant mineralized targets and development projects, both within the Don Roman concessions and within other adjacent properties controlled by Tara. With a continuation of the exploration success we have been encountering, we can see Don Roman becoming a regional production project."
The Don Roman project is 15 km to the SW of the Zinc/Lead/Silver Reforma district, where the Mexican mining giant Penoles got its start. The Santo Tomas Copper deposit is adjacent to Don Roman towards the east. There are many other workings nearby which date back to the Mexican revolution. In addition to Don Roman, Tara acquired several other gold and polymetallic properties within the district. These include the Centenario Gold and Iron property 9 km to the north, the El Sol Gold property 8 km to the north, and others. Tara envisioned the potential to combine the output of several of these properties to feed a central flotation milling complex at Nacimiento.
The mineralization currently being mined at Don Roman is termed a skarn. Zinc skarns commonly occur in continental settings associated with subduction and extensional faulting, which is the case in Sinaloa. These skarns are generally high grade with Zinc/Lead grades of 10 to 20% and Silver in the 30 to 300 g/t range. It is very common to find substantial Zinc/Lead/Silver skarn deposits peripheral to porphyry copper systems.
The mineralization being exploited at Don Roman certainly appears to fit these criteria in terms of metal grades and in that it is peripheral to a strong porhpyry system and is likely genetically related to the adjacent Santo Tomas porphyry Copper.
About Tara Minerals Corp. (
Tara Minerals Corp. is generating cash from the sale of Silver, Zinc, and Lead concentrate from its producing Don Roman mine and mill, located in Choix, Mexico. Management is focused on creating long-term shareholder value as this capital is deployed to increase throughput, enhance resources, further outline new discoveries/targets, and acquire additional strategic assets. Tara's strength in recognizing value early and strategy of reducing risk through a foundation of cash flow, positions it for low-risk value creation.
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 Information:
Website: www.TaraMinerals.com
Francis Biscan Jr.
Phone: (630) 752-4447