#board-5274
Tara Gold Resources Corp. is adding shareholder value by advancing 5 projects towards production in 2007, expanding resources within these operations, aggressively drilling advanced exploration projects, and listing on a senior stock exchange. Partners are committed to spending over $38 million on acquisition, mine expansion and exploration. This gives Tara the ability to develop all projects simultaneously through focused partners, reduces equity dilution, and makes available resources for additional opportunistic investments. Tara has also initiated the organization and financing of Tara Minerals Corp., an 82% owned subsidiary, to expedite the advancement of its non-precious and other mineral projects.
News Links ~>
http://www.taragoldresources.com/English/News/PressReleases/2007/default.aspx Company Website ~>
http://www.taragoldresources.com/ MINING PROPERTIES
1. SAN MIGUEL 70/30% JV with Paramount Gold Mining Company, symbol PZG. Primarily silver but with gold and base metal drill results. Extensive drilling since 2005 purchase. Updated NI43-101 report due spring 2008. Should be a substantial increase from inital 51,000oz silver report.
2. LA CURRITA. JV with Raven Gold Corp, symbol RVNG.ob. Original deal was cancelled for non performance. New deal as of 5/3/07 allows Raven to earn up to 60%.
3. LLUVIA de ORO. Purchase agreement with Columbia Metals Corporation Limited, symbol COL.v. Columbia can purchase 100% of property but retains 20% of net cash flow.
4. LAS MINITAS Originally JV with Raven Gold but cancelled 5/3/07. Historic indications of 200+million oz of silver. Signed new JV with Pershimco Resources Ltd, symbol PRO.v on 5/10/07 and amended on 8/2/07 to allow Pershimco to own up to 75% of JV.
5. LA MILLIONARA 75/25% JV with Gold and Silver Minerals Corp, symbol GSML.pk. JV was cancelled for nonperformance on 6/29/07.
6. LA ESTRELLA. Tara made a down payment but seller has not performed so Tara has not completed purchase.
7. PICACHO 65/35% JV with Lateegra, symbol LRG.v. Lateegra is currently in default of agreeement. Tara is pursuing cancellation of the JV thru the court.
8. LA VIRGINIA purchased in 2006 but seller has not fulfilled sales contract. Tara is reviewing it's legal options in Mexico.
Transfer Agent:
Holladay Stock Transfer, Inc. 2939 N. 67th Street
Scottsdale, AZ 85251 (480) 481-3940.
Contact - Sharon
Capital Structure as of May 24, 2007 A/S ~~~~~~~~~> 100,000,000
O/S ~~~~~~~~~> 95,003,453
restricted ~~~~~> 29,777,451
float ~~~~~~~~~> 65,226,002
Filings Sites:
http://www.pinksheets.com/ http://www.otcbb.com Contact Tara Gold Resources Corp. TRGD.PK
E-mail: taragoldresources@comcast.net
Corporate Office: 630-462-2079
FAX: 630-456-4135
Investor Relations: 503-465-1983