TAON 0045 entry/ news:
Tao Minerals Ltd. Reports New Mineralized Zones at Mutata Gold and Platinum Project
- Marketwire via Comtex
Marketwire
Tao Minerals Ltd. (TAO) (PINK SHEETS: TAON) is pleased to provide an update on the ongoing sampling program at the Mutata Gold and Platinum project. Senior Geologist, James A. McCrea has overseen this program along with Minera Primecap Geological Services (MPGS). Tao reported in February 2011 that the first phase sampling of the property has been completed and these samples have been shipped to the lab for assaying.
Tao has begun an extensive sampling program on newly discovered mineralized zones that have been exposed on the property. Samples have been taken from the two new work areas and from the mixed vein and sulphide material. Panned concentrates from both vein and alluvial material showed fine to medium gold as well as visible platinum. Tao is very pleased with these new discoveries and will continue sampling as quickly and efficiently as possible. These samples will be sent out for assaying and further updates will be reported as they become available.
The Mutata gold and platinum property presents an excellent low cost opportunity for Tao's goal of assembling a high quality portfolio of Colombian mineral properties. Preliminary reports conducted by geologists from the Colombia Institute of Geology and Mining, Ingeominas have reported the presence of gold and platinum on the concessions as well as copper in some areas.
Tao Minerals Ltd. is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich, yet highly underdeveloped gold deposits of Colombia doing so in a socially and environmentally responsible manner. As a corporation, Tao has firmly established itself in Colombia over the past five years, becoming fully adept with the legal and political processes required and hiring highly qualified personnel in the geological, legal and security professions. Arriving early to the boom in the expansion of natural resource development in Colombia has enabled Tao to firmly establish itself in Colombia.
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