Posted by: TampaTradr
In reply to: None Date:8/20/2007 8:18:50 PM
Post #of 2026
From the Tara Gold Newsletter mailed out late this afternoon by Novak:
In this issue
TRGD La Currita Update
Tara Gold Resources Corp. (TRGD) Overview
Disclaimer
Tara Gold Resources Corp. (TRGD) Overview
Partners spending $38 million.
5 operations moving to production.
Major Silver discovery at San Miguel.
Tara Gold has assembled an unparalleled set of growth options that will quickly propel Tara into a mid-tier producer. We have demonstrated our ability to identify and develop both exploration and production opportunities, with 8 projects acquired and 5 advanced to near-production in the past two years. We continue to aim to deliver additional near-production projects that will enhance shareholder value. We are assessing numerous opportunities in readiness for their progression within the pipeline, thereby ensuring a continual flow in the coming years.
Tara Gold is positioned to realize revenue from a pipeline of three gold/silver projects going into production during 2007. Each of these projects is optioned to partners for cash payments and stock issuance to Tara Gold. The partners are also responsible for all the underlying property payments to the vendor and for all capital required to achieve production start-up and resource expansion.
Tara Gold also holds two exploration properties which are also partnered under similar terms. Tara Gold has an extensive exploration program under way at its San Miguel Silver discovery project and is continuing an aggressive acquisition strategy.
Tara Minerals, 82% owned by Tara Gold, is also positioned to realize revenue from a pipeline of two zinc/lead/silver projects going into production in 2007 and is continuing an aggressive acquisition strategy. Please visit the Tara Minerals site for further information.
Picacho Mine - Retain 35%
Processing facility currently capable of producing 250 tonnes/day.
Partner is committed to spending $2 million on mine enhancements and $1 million in exploration within 18 months.
Ore grades averaging 5 g/t gold and 15 g/t silver over a 1 km, 6 m wide vein.
Being upgraded, by early 2007, at cost of partner, to operate at 600 tonnes/day.
La Currita Mine - Retain 40%
The acquisition includes 4 mines, mine tailings and a processing plant capable of up to 150 tons per day of ore.
Partner spending $3.5 million to upgrade equipment and start-up.
Expected to produce at a rate of 300 tonnes/day by early 2007.
Lluvia de Oro Mine - Retain 20%
A past producing open pit gold mine with mine office, modern processing plant and two heap leach pads.
295 historical drill holes indicate a gold resource of 250,000 ounces, including 30,000 ounces of gold on the pads.
Historical records indicate potential to double resource through exploration.Partner spending $3 million to upgrade equipment and start-up.
Expected to produce 25,000 to 30,000 ounces of gold per year upon start-up.
Pilar De Mocoribo + Don Ramon and Lourdes - Retain 100%
High grade zinc, lead and silver property owned 100% by Tara Minerals Corp.
Both are expected to produce at a rate of 150 - 300 tonnes/day by mid 2007.
DISCOVERY
San Miguel - Retain 30%
16 concessions covering an estimated 8 km strike of silver & gold mineralization.
Partner has spent $2.5 million, delivering 700,000 shares, and making various payments to Tara Gold.
2007 exploration budget is estimated at $10 million.
Drilling to date has identified a 4 km continuous zone open in all directions.
Multiple high-grade intercepts, including 874 g/t silver over 5.2 m, 553 g/t silver over 6.5 m, 35.5 g/t gold across 4.0 m and 263 g/t silver over 19.7 m.
San Miguel is a multi-million ounce target that is being proven through aggressive drilling and results are expected every 3-4 of weeks.
EXPLORATION
La Millonaria - Retain 45%
4 mining concessions, including formerly-producing gold mines.
Is a 20-30 m wide structure that can be traced on surface for a minimum distance of 600 m, with additional workings present up to 2 km away.
The waste dumps have an average grade of 9.702 g/t gold and 23 g/t silver.
Partner spending a minimum of $3.0 million over the next 30 months.
Potential to generate cash flow in a short timeframe by processing the approximately 30,000 tonnes of ore material already on the property.
Las Minitas - Retain 25%
Three wide, high-grade, lode-type mineralized bodies with postulated strike lengths of 400, 500, and 700 m.
36 historical reverse circulation drills, indicate 102 million ounces of silver.
Land position of approximately 7,275 hectares.
My picks are my own and many times wrong, generally looking 3-6 months out
'A government big enough to give you everything you want, is big enough to take away everything you have.' ........
Thomas Jefferson
