Contact Information: Francis Biscan Jr. Phone: (630) 462-2079 Investor Relations Phone: (630) 752-4447
Tara Minerals to Bulk Sample Gold Vein
| Source: Tara Minerals Corp.
CHICAGO, IL--(Marketwire - October 13, 2009) - Tara Minerals Corp. (OTCBB : TARM ), a subsidiary
of Tara Gold Resources Corp. (PINKSHEETS : TRGD ) (FRANKFURT : T8N ), is
pleased to announce that selective mining to bulk sample the newly
discovered high-grade gold-bearing San Felipe quartz vein (see October 1,
2009 press release) has begun. A minimum of 500 tonnes will be sampled.
Assay results are expected in November and if consistent with recent
sampling, gold mining and processing will begin immediately. The producing
Don Roman mill (see September 29, 2009 press release) has three parallel
circuits and a portion of the capacity can be used to produce gold
concentrate for sale.
Surface channel samples from the structure have returned values ranging
from 28 to 41 grams gold per tonne. Additionally, a series of 8 shallow
trenches returned 4 to 6 grams gold per tonne. 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 tunneling has begun and is expected to advance approximately 9m
per day.
Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, "I would
like to recognize Ms. Aracely Urquidi, one of our talented geologists, with
the discovery of the San Felipe vein. It is a significant discovery for
Tara Minerals shareholders and has become a high priority. If the results
merit, production from the structure can continue, and further development
of the mine to increase output can begin immediately."
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