In all honestly I don't believe those samples are part of the NI 43-101 many investors have been waiting for on El Colmillo. The last PR concentrates on MUTATA and does NOT mention El Colmillo at all. The following PR mentions a "geologist" but does not specifically mention James A. McCrea. IMO, I wouldn't make the leap that McCrea has anything to do with El Colmillo as well as the samples until the company gives further guidance. http://ih.advfn.com/p.php?pid=nmona&article=43987908
Date : 08/12/2010 @ 12:19PM Tao Minerals Ltd. Provides Property Update on the El Colmillo Gold Project Tao Minerals Ltd. (Tao) (PINK SHEETS: TAON) is pleased to provide an update on the El Colmillo gold property and report that the company will be commencing a geological program to file a National Instrument 43-101 report on the property. The NI 43-101 report conducted by a qualified geologist will provide a mineral resource classification with certified resource and reserve estimates and mineral exploration reports for the El Colmillo gold project.
As reported earlier this year, the security situation at the El Colmillo gold project has continually improved, and the company has hired Britanico Security Group to provide full security services at the El Colmillo gold project. The access roads to the property have been upgraded, improving access for transporting equipment and supplies to the site. The Colombian federal forces have increased their presence in the local region, and the new roads provide the army easy access to the mine site.
James Sikora, President and CEO of Tao Minerals, stated, "We are extremely pleased with the improvements and upgrades at the El Colmillo gold project, and we look forward to having the NI 43-101 report which will provide Tao with quality financing options and institutional market access and exposure."
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.
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the use of the funds received from the equity financing for operational costs at the El Colmillo gold mine, the extent to which such funds will cover operational costs or upgrades, or that mine operations will commence or be upgraded. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.