Tao Minerals Ltd.

Tao Minerals Ltd.

December 08, 2010 08:31 ET

Tao Minerals Ltd. Strengthens Exploration Team and Commences Four-Stage Geophysical Review of the Mutata Project

MEDELLIN, COLOMBIA--(Marketwire - Dec. 8, 2010) - Tao Minerals Ltd. (Tao) (PINK SHEETS:TAON) is pleased to announce that they have commenced the first phase geophysical review of the Mutata Gold and Platinum project. As part of the 90 day assessment period of the highly prospective Mutata project Tao has hired Senior Resource and Professional Geologist, James A. McCrea to lead this four-stage review. Mr. McCrea has more than 22 years experience in exploration and mining geology, and 15 years experience in mineral resource estimation. Jim's experience was gained through working for junior mining/exploration companies and engineering firms SRK and Snowden. His geological expertise ranges from technical review and due diligence to resource estimation and feasibility studies. Jim has experience in a range of commodities, but primarily gold, silver and copper, in a variety of geographic settings around the world with particular focus on North and South America. Having performed ore body modelling and resource estimation for the successfully targeted take-over company Cumberland Resources Ltd. by Agnico-Eagle Mines Ltd. and more recently Mr. McCrea has completed mineral resource estimations underpinning ongoing or future feasibility studies for companies such as Silver Standard Resources Inc., Norsmont Mining Inc. and Candente Resource Corp. Mr. McCrea graduated from the University of Alberta with a B.Sc. in Geology in 1988.

Tao Minerals Ltd. is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich, yet highly underdeveloped gold deposits of Colombia doing so in a socially and environmentally responsible manner.

Notice regarding forward looking statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. 

Such forward-looking statements include, among other things, the expectation of low cost opportunity, the final terms of the acquisition and the gold production of the property to be acquired.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2009 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • Tao Minerals Ltd.
    James A. Sikora
    President & CEO