I've seen several commercials from them this week on CNBC and also got an investor packet of sorts in the mail from them (that I didn't ask for and don't know how I got on such a list). I haven't looked into them too much but at first glance they appear to be all advertising with little substance. I could well be wrong though. Like I said, haven't looked too deep.
Raven has a jt venture with Tara Gold, trgd.pk. Tara went to Mexico early and tied up 6 properties that they jt ventured out last year. Each was a former producer or had earlier exploration. Paramount Gold has the first one and it's going to be a major silver deposit. 38 million oz NI-43-101 but they keep drilling further out and keep hitting metal so I think eventual total could approach 200million oz. Raven has a former producer that they just started production on. Here is the PR. Trgd.pk is my 2nd biggest position. They have 3 jt ventures that will likely produce in 2007. Bobwins
Tara Gold Delivers First Load of La Currita Concentrate to Smelter in Torreon Tuesday June 26, 9:15 am ET
CHICAGO, IL--(MARKET WIRE)--Jun 26, 2007 -- Tara Gold Resources Corp. (Other OTC:TRGD.PK - News) (Frankfurt:T8N.F - News) and Raven Gold Corp. are pleased to announce that the first load of concentrate from the La Currita mill, totalling approximately 10 tonnes, has been delivered to the smelter in Torreon with payments expected to begin in approximately 30 days. With the La Currita mill upgrades completed, the mill has been producing consistently and is now expected to continue to ship material to the smelter on a regular basis. Additionally, the final property payment has been made by Tara Gold to complete the purchase of a 100% interest in La Currita from the Vendor, whereby Raven Gold has now completed the earn in of a 25% interest. ADVERTISEMENT [Blocked Ads]
In May of 2007, Tara Gold signed a Joint Venture Agreement with Raven Gold Corp. giving Raven the option to earn up to 60% interest in the La Currita Groupings by making certain payments to Tara Gold, issuing 1,500,000 shares, making all remaining property payments, spending a minimum of $4.25 million over 30 months.
Mr. Francis Biscan, Jr., President of Tara Gold Resources, stated, "With the shipment of concentrate, we have reached another objective at La Currita. The full potential of La Currita will only be understood with a systematic and comprehensive exploration program. Our partner has recognized the potential and committed additional funds to the exploration program. We look forward to start of the exploration phase."
About La Currita
The La Currita Groupings includes 4 mines, a 300 tonne/day operating floatation mill and stockpiled ore. The La Currita mine was in steady production from 1983 until 1998. A diamond drilling exploration program conducted in 1998 indicated grades of 2.59 g/t Au and 200 g/t Ag. Existing mines and mineralized structures hold potential to increase tonnage through systematic exploration. The area surrounding La Currita has numerous mines and recent substantial discoveries. Adjacent to the La Currita holdings, Palmarejo recently merged with Coeur d'Alene Mines Corporation and Bolnisi Gold NL, in a transaction valued at approximately US$1.1 billion, creating the world's leading primary silver producer. In addition, about 20 miles to the SE is the 170,000 ounce/year Glamis Gold's El Sauzal gold mine and 40 miles to the North is Gammon Lake Resource's Ocampo Gold-Silver Project with a projected 270,000 gold-equivalent ounces/year.
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, Pilar De Mocoribo 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
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