Tara Minerals Corp. on Track for Production Start-Up From Don Ramon
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CHICAGO, IL, Jun 19 (MARKET WIRE) --
Tara Minerals Corp. (PINKSHEETS: TARM), a subsidiary of Tara Gold
Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to
announce that zinc, lead, and silver production from its 100% owned
flagship project, the Don Ramon and Lourdes property in Sinaloa State,
Mexico, is targeted for the month of July, 2008. The production plant is
in the final stages of completion and is designed to produce at the rate
of 300 tons per day.
The Don Ramon prospect is 331 hectares in size and is located 20 km ENE of
Choix, Sinaloa State, Mexico. Preliminary evaluation of the property
identified a former, abandoned mine and extensive Pb-Zn-Ag sulfide
mineralization that forms mantos and chimneys. Mineralized structures lie
within a complex suite of volcanic-granitic and sedimentary (carbonate)
rocks. The project is located in the southern part of the La Reforma
Mining District of NE Sinaloa State, Mexico. The La Reforma Mining
District has been mined for more than 300 years, with substantial amounts
of precious and base metals produced from numerous mines. The district
has, to the best knowledge of Professional Geologists, never been explored
systematically using present day, industry standard, exploration methods,
including geochemistry, geophysics, and geology. Tara Minerals feels that
many of the former mines and abandoned mines, in the region, are excellent
exploration targets and may potentially host substantial base and precious
metal resources that were never explored or exploited quantitatively and
qualitatively due in part to market conditions, lack of technology, or
lack of funding by the former operators and owners.
Detailed surface sampling and road construction have been completed.
Initial mining of ore is planned from 7 mineralized zones. Permits needed
to move towards active mining have been obtained. Purchased mining and
processing equipment, capable of processing a minimum of 300 tonnes per
day, is nearing completion. Water source for the property has been
acquired and a well to supply water to the plant is nearing completion.
High voltage electrical service has been supplied to an electrical
substation which will supply power to operate the Plant. Multiple markets
for the sale of concentrate have also been identified.
Tara Minerals' President Francis R. Biscan said, "We recently achieved a
milestone with the public listing of Tara Minerals. With the quiet period
now over, we want to provide an update to let our shareholders know that
Tara Minerals is close to yet another important milestone -- positive cash
flow. The credit for this progress goes to the men and women at the Don
Ramon Mine. Without their expertise, teamwork and relentless efforts this
simply would not be possible. We are grateful to the community, employees,
vendors, support of shareholders, investors and look forward to achieving
our goal of long-term sustainable production."
Tara Minerals will provide updates on production and development
activities going forward. For additional information, including pictures
of plant progress, please visit the website at
http://www.TaraMinerals.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:
Website: www.TaraMinerals.com
Investors Relations:
Warren Drew
Phone: 406-844-0322
E-mail: jwjflies@centurytel.net
Copyright 2008, Market Wire, All rights reserved.
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