TAO Minerals Ltd. (fka TAON)

[Bingohippie]

Recent Colombian gold news

1. AngloGold Concludes Deal To Buy 15.9% Stake In B2Gold

"AngloGold said it purpose in effecting this transaction is to build on its Colombian strategy of continuing to leverage its first-mover advantage through developing its exploration projects, both in its own right and together with partners such as B2Gold. Through the transaction, it will acquire a direct interest in B2Gold that will provide AngloGold with exposure to B2Gold's global exploration program, as well as participation in the underlying joint venture interests in Colombia that AngloGold will retain with B2Gold."

http://www.easybourse.com/bourse-actualite/anglogold-ashanti/anglogold-concludes-deal-to-buy-15-prc-stake-in-b2gold-ZAE000043485-455538

2. B2Gold to spend $21.8-million on Colombian exploration
(including large new project near Pasto):

"In 2008 B2Gold will carry out extensive exploration on a number of properties in Colombia with a total exploration budget of $21.8-million. Exploration work will include geochemical sampling, trenching and extensive diamond drilling."

http://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=Z-C:BTO-1493339&symbol=BTO&news_region=C

3. Tao Minerals Receives First Payment From $1,000,000 Financing 2008-04-24

"Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to announce that it has received the first tranche of US$125,000 from the newly completed $1,000,000 financing announced on April 10, 2008. An additional tranche of $500,000 will follow soon, with the remaining $375,000 to be delivered in approximately 3 months. The receipt of the initial tranche and the imminent arrival of the others mark the first of a number of steps which will enable the company to quickly move forward to achieve its near and mid-term development goals"