Source: Tara Gold Resources Corp.
Trenching Program Extends New Zone to Over 700 Meters at San Miguel, Mexico
Thursday August 30, 8:30 am ET
CHICAGO, IL--(MARKET WIRE)--Aug 30, 2007 -- Tara Gold Resources Corp. (Other OTC:TRGD.PK - News) (Frankfurt:T8N.F - News) is pleased to announce trenching results from the ongoing exploration program in the central part of its San Miguel concession block near Temoris, Chihuahua, Mexico. The trenches are located in the new La Veronica zone and have extended the zone south towards San Antonio, where previous drill results of 468 g/t silver with 0.81% lead + zinc across 10.2 meters, including 5,370 g/t silver across 0.4 meters true width, have been reported.
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In August 2005, Tara Gold Resources Corp. signed an agreement with Paramount Gold Mining Corp. giving Paramount the right to earn up to a 70% interest in the project. Paramount has earned its interest and Tara Gold continues to retain a 30% interest in the project. Paramount is the operator of the exploration program.
Paramount's Manager of Exploration in Mexico, Bill Reed, commented, "The trench results at La Veronica compare very well with earlier trenches from other zones. More importantly, these results continue to infill this zone that possibly extends the total strike length about 2,000 meters to the north from San Antonio. Our drill and trench results at La Union, San Jose, San Luis, San Antonio, Santa Clara and La Veronica have now identified a mineralized zone over a considerable length of approximately 5.7 kilometers (5,700 meters) and it remains open in all directions."
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