Tuesday, September 19, 2006 10:34:24 AM
more good results from San Miguel. Has to help Tara's share price eventually. Bobwins
[p]
Tara Gold's Trench Results at San Miguel, Mexico Extend Silver/Gold Zone Another 250 Meters
Tuesday September 19, 9:00 am ET
CHICAGO, IL--(MARKET WIRE)--Sep 19, 2006 -- (Other OTC:TRGD.PK - News) and (Frankfurt:T8N.F - News) Tara Gold Resources Corp. is pleased to release the results of a trenching program in the south and central part of its San Miguel concession block near Temoris, Chihuahua, Mexico. The eight trenches reported are located in the La Union zone which is adjacent and to the South of the San Jose zone where Paramount reported drill results that included 874 g/t silver across 5.2 meters and 553 g/t silver across 6.5 meters (see news release dated Sept 14, 2006). In August 2005, Tara Gold Resources signed an agreement with Paramount Gold Mining Corp. giving Paramount the right to earn up to a 70% interest in the project by spending US$2.5 million, delivering 700,000 shares, and making various payments to Tara Gold.
Trenches one through eight span approximately 250 meters along strike on the La Union zone. Trench ZLU-01 starts approximately 150 meters South from drill hole SJ-04 (47 meters averaging 105 g/t silver) reported from the San Jose zone. Trenches continue down strike to the South and compare very well to earlier trench results from the San Jose zone.
The highlights of the trenching includes:
ZLU-01 66.0 meters averaging 105.0 g/t silver
ZLU-02 33.2 meters averaging 30.0 g/t silver, including 1.3 meters of 157
g/t silver and 0.90 g/t Gold
ZLU-05 18.0 meters at 136.5 g/t silver
ZLU-07 22.6 meters at 89.0 g/t silver
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[Blocked Ads]
Paramount's Manager of Exploration - Mexico, Bill Reed, commented, "Our trench results are reporting good grades across significant widths and will aid in targeting our drilling into this zone. The La Union zone is along the same strike as the San Jose zone and may be a continuation of San Jose. That could represent a total strike length of approximately 550 meters that is open along strike in both directions and to depth. Our 2nd phase of drilling in this area will step out along strike and attempt to prove up the continuity of these two zones."
The trenches are excavated to a depth of 2-3 meters and extend from west to east across the quartz veins and stockwork quartz veins that host silver and gold mineralization in the Guazapares mining district. The trenches were cut through thin overburden to better define drill targets and spaced approximately 40 meters apart. The geology of the trenches is mapped in detail and continuous rock chip samples of no more than one meter in length are collected from the trench walls.
Drill holes are currently testing the La Union mine area based on the trench assays listed below. Once these holes are completed, the drill will move to the San Antonio area immediately north of the San Luis mine zone.
Area Trench From To Width Gold in Silver in
[meters] g/t g/t
-------------------------------------------------------------------------
Las BBB ZLU-01 0.00 14.00 14.00 0.02 55.00
14.00 51.00 37.00 0.05 135.00
51.00 66.00 15.00 0.00 77.00
0.00 66.00 66.00 0.03 105.00
-------------------------------------------------------------------------
Entre Las ZLU-02 0.00 1.30 1.30 0.90 157.00
BBB y La 1.30 5.30 4.00 0.00 18.00
Union 5.30 10.20 4.90 0.00 39.00
10.20 28.20 18.00 0.01 19.00
28.20 33.20 5.00 0.08 34.00
0.00 33.20 33.20 0.05 30.00
33.20 61.20 28.00 0.07 12.00
-------------------------------------------------------------------------
Entre Las ZLU-03 0.00 50.80 50.80 0.00 9.00
BBB y La
Union
-------------------------------------------------------------------------
La Union ZLU-04 0.00 14.00 14.00 0.55 56.07
14.00 40.00 26.00 0.00 17.62
-------------------------------------------------------------------------
La Union ZLU-05 6.00 19.00 13.00 0.06 22.62
19.00 37.00 18.00 0.11 136.33
37.00 44.00 7.00 0.00 41.57
44.00 60.00 16.00 0.00 9.00
6.00 44.00 38.00 0.08 79.97
6.00 60.00 54.00 0.05 58.94
-------------------------------------------------------------------------
La Union ZLU-06 0.00 15.00 15.00 0.02 21.40
15.00 22.00 7.00 0.29 99.14
-------------------------------------------------------------------------
La Union ZLU-07 4.00 26.60 22.60 0.40 89.00
-------------------------------------------------------------------------
La Union ZLU-08 0.00 12.00 12.00 0.04 38.33
18.50 31.00 12.50 0.00 26.00
Quality Control Person
C.W. (Bill) Reed, B. Sc. Mineralogy, is acting as qualified person and has prepared the detail and review with respect to this news release.
About San Miguel
San Miguel is currently comprised of 16 concessions covering an estimated 6 kms strike of silver and gold mineralization. It is located in Chihuahua, Mexico and lies in the Guazapares mining district, part of the gold-silver belt of the Sierra Madre Occidental. Paramount signed an agreement in August 2005 with Amermin S.A. de CV, a subsidiary of Tara Gold Resources, to acquire up to a 70% interest in the San Miguel project.
About Tara Gold Resources Corp.
Tara Gold Resources Corp. is a growth-oriented precious metals exploration and development company with existing production plants. It is management's objective to become a significant gold and precious metals producer by re-initiating and increasing production levels at La Currita, Lluvia de Oro and Picacho, and developing the San Miguel, La Millionaria, and Las Minitas projects in Mexico. We continue to acquire other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world. For more information, please visit the Company's web site at: http://www.TaraGoldResources.com.
[/p]
[p]
Tara Gold's Trench Results at San Miguel, Mexico Extend Silver/Gold Zone Another 250 Meters
Tuesday September 19, 9:00 am ET
CHICAGO, IL--(MARKET WIRE)--Sep 19, 2006 -- (Other OTC:TRGD.PK - News) and (Frankfurt:T8N.F - News) Tara Gold Resources Corp. is pleased to release the results of a trenching program in the south and central part of its San Miguel concession block near Temoris, Chihuahua, Mexico. The eight trenches reported are located in the La Union zone which is adjacent and to the South of the San Jose zone where Paramount reported drill results that included 874 g/t silver across 5.2 meters and 553 g/t silver across 6.5 meters (see news release dated Sept 14, 2006). In August 2005, Tara Gold Resources signed an agreement with Paramount Gold Mining Corp. giving Paramount the right to earn up to a 70% interest in the project by spending US$2.5 million, delivering 700,000 shares, and making various payments to Tara Gold.
Trenches one through eight span approximately 250 meters along strike on the La Union zone. Trench ZLU-01 starts approximately 150 meters South from drill hole SJ-04 (47 meters averaging 105 g/t silver) reported from the San Jose zone. Trenches continue down strike to the South and compare very well to earlier trench results from the San Jose zone.
The highlights of the trenching includes:
ZLU-01 66.0 meters averaging 105.0 g/t silver
ZLU-02 33.2 meters averaging 30.0 g/t silver, including 1.3 meters of 157
g/t silver and 0.90 g/t Gold
ZLU-05 18.0 meters at 136.5 g/t silver
ZLU-07 22.6 meters at 89.0 g/t silver
ADVERTISEMENT
[Blocked Ads]
Paramount's Manager of Exploration - Mexico, Bill Reed, commented, "Our trench results are reporting good grades across significant widths and will aid in targeting our drilling into this zone. The La Union zone is along the same strike as the San Jose zone and may be a continuation of San Jose. That could represent a total strike length of approximately 550 meters that is open along strike in both directions and to depth. Our 2nd phase of drilling in this area will step out along strike and attempt to prove up the continuity of these two zones."
The trenches are excavated to a depth of 2-3 meters and extend from west to east across the quartz veins and stockwork quartz veins that host silver and gold mineralization in the Guazapares mining district. The trenches were cut through thin overburden to better define drill targets and spaced approximately 40 meters apart. The geology of the trenches is mapped in detail and continuous rock chip samples of no more than one meter in length are collected from the trench walls.
Drill holes are currently testing the La Union mine area based on the trench assays listed below. Once these holes are completed, the drill will move to the San Antonio area immediately north of the San Luis mine zone.
Area Trench From To Width Gold in Silver in
[meters] g/t g/t
-------------------------------------------------------------------------
Las BBB ZLU-01 0.00 14.00 14.00 0.02 55.00
14.00 51.00 37.00 0.05 135.00
51.00 66.00 15.00 0.00 77.00
0.00 66.00 66.00 0.03 105.00
-------------------------------------------------------------------------
Entre Las ZLU-02 0.00 1.30 1.30 0.90 157.00
BBB y La 1.30 5.30 4.00 0.00 18.00
Union 5.30 10.20 4.90 0.00 39.00
10.20 28.20 18.00 0.01 19.00
28.20 33.20 5.00 0.08 34.00
0.00 33.20 33.20 0.05 30.00
33.20 61.20 28.00 0.07 12.00
-------------------------------------------------------------------------
Entre Las ZLU-03 0.00 50.80 50.80 0.00 9.00
BBB y La
Union
-------------------------------------------------------------------------
La Union ZLU-04 0.00 14.00 14.00 0.55 56.07
14.00 40.00 26.00 0.00 17.62
-------------------------------------------------------------------------
La Union ZLU-05 6.00 19.00 13.00 0.06 22.62
19.00 37.00 18.00 0.11 136.33
37.00 44.00 7.00 0.00 41.57
44.00 60.00 16.00 0.00 9.00
6.00 44.00 38.00 0.08 79.97
6.00 60.00 54.00 0.05 58.94
-------------------------------------------------------------------------
La Union ZLU-06 0.00 15.00 15.00 0.02 21.40
15.00 22.00 7.00 0.29 99.14
-------------------------------------------------------------------------
La Union ZLU-07 4.00 26.60 22.60 0.40 89.00
-------------------------------------------------------------------------
La Union ZLU-08 0.00 12.00 12.00 0.04 38.33
18.50 31.00 12.50 0.00 26.00
Quality Control Person
C.W. (Bill) Reed, B. Sc. Mineralogy, is acting as qualified person and has prepared the detail and review with respect to this news release.
About San Miguel
San Miguel is currently comprised of 16 concessions covering an estimated 6 kms strike of silver and gold mineralization. It is located in Chihuahua, Mexico and lies in the Guazapares mining district, part of the gold-silver belt of the Sierra Madre Occidental. Paramount signed an agreement in August 2005 with Amermin S.A. de CV, a subsidiary of Tara Gold Resources, to acquire up to a 70% interest in the San Miguel project.
About Tara Gold Resources Corp.
Tara Gold Resources Corp. is a growth-oriented precious metals exploration and development company with existing production plants. It is management's objective to become a significant gold and precious metals producer by re-initiating and increasing production levels at La Currita, Lluvia de Oro and Picacho, and developing the San Miguel, La Millionaria, and Las Minitas projects in Mexico. We continue to acquire other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world. For more information, please visit the Company's web site at: http://www.TaraGoldResources.com.
[/p]
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