SOURCE: Tara Minerals Corp.

Tara Minerals Corp.

October 01, 2009 09:00 ET

Tara Minerals Discovers High Grade Gold Vein at Don Roman

CHICAGO, IL--(Marketwire - October 1, 2009) - Tara Minerals Corp. (OTCBB: TARM), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce the discovery of a high-grade gold-bearing quartz vein (San Felipe) on the Southwest side of El Sapo mountain, 1.5 kilometers southeast of the recently commissioned Don Roman lead, zinc, and silver mine and mill (see 9/29/2009 press release). Work to date has outlined the known vein strike length to approximately 850 meters and approximately 400 meters in vertical height. The vein remains open both laterally and at depth.

The discovery was made at a location where a quartz vein, just under two meters wide, was exposed in old mine workings (SF/Adit #2). With further exploration, a second exposed area, having approximately the same width, located approximately 75 vertical meters above SF/Adit #2, named SF/Adit #3, was also discovered. Channel samples were taken from both locations and assays returned results ranging from 28 to 32 grams gold per tonne.

Based on these results, the exploration team has now completed a 1.5 kilometer road to another area of the structure, located approximately 50 vertical meters below SF/Adit #2, which will be named SF/Adit #1 and will become the initial site to commence exploration, development, and production of the San Felipe Vein. To this end, a patio has now been completed to store mined ore and equipment, and the area surrounding the adit entrance has been opened and prepared for initial blasting. The adit will be driven north along the vein approximately 75 meters below the old workings to block out gold mineralization and prepare for production. A second adit is also planned to pursue the vein to the south. SF/Adit #1 has a width of just over 2 meters and has also been channel sampled. Assays from the channel sample on SF/Adit #1 returned values ranging from 38 to 41 grams gold per tonne.

Additionally, the exploration team has extended the known vein strike length to a distance of approximately 850 meters and a vertical height of approximately 400 meters from SF/Adit #1, with a series of 8 shallow trenches. Assay results from these trenches ranged from 4 to 6 grams gold per tonne.

The San Felipe quartz vein remains open both laterally and at depth and is hosted by a shear zone in meta-andesite that strikes N40W and dips 40 degrees to the southwest, into the hill.

Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, "The advancement of the San Felipe gold vein has become a high priority, considering the initial indications of gold grade, size, and close proximity to our Don Roman mill. The San Felipe gold prospect should prove to be relatively simple to evaluate further using production sampling and drilling."

About Tara Minerals Corp.

Tara Minerals is fully funded and focused on generating revenue in 2009 from the commissioned Don Roman and Lourdes lead, zinc, and silver mine and mill located in Choix, Mexico. Tara Minerals Corp. is a US-based growth-orientated resource company engaged in the search, acquisition, exploration and development of high-quality non-precious & precious metals and minerals projects with potential for economic commercial value.

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.

Website: www.TaraMinerals.com

Contact Information

  • Francis Biscan Jr.
    Phone: (630) 462-2079

    Investor Relations
    Michelle
    Phone: (630) 752-4447