Gold Project Reclamation Plan Approved, Surface Mining to Commence
20.08.2013 | Marketwire
HENDERSON, NV -- (Marketwired - Aug 20, 2013) - Tara Minerals Corp. (OTCQB: TARM) (BERLIN: 6T3) is pleased to announce that the Idaho Department of Lands approved the Reclamation Plan regarding the mining of exposed surface ore from the Black Diamond Vein. The approval was granted on August 13, 2013 and the approval process included the review of the plan by other applicable state and federal agencies. As required by the approval, an initial reclamation bond will be entered prior to conducting any commercial surface mining operations. Tara has the cash on hand to meet the bond requirements.Tara will continue to work to complete its large bulk sampling of each of the exposed veins, and will then immediately begin to produce plant feed material. Tara plans to stockpile the material mined from the surface onsite until the Rock Solid mill, in Nevada, is ready to receive and process the material.
The approved reclamation plan covers the area where a recent 3.5 tonne sample from the outcrop portion of the Black Diamond Vein was assayed by three independent labs. The head grade assay from this part of the vein consistently returned 0.77 oz/t gold and 1+ oz/t silver. Tara continues to sample additional veins from the area.
The Ponderosa Project consists of 6,721 acres of both patented and unpatented mining claims in central Idaho, USA. The optioned claims include previously mined veins with historic sampling of the exposed outcrops averaging 0.5 oz/t gold.
Tara Minerals Corp. (www.TaraMinerals.com)
Tara is currently focused on advancing its US and Mexico project pipeline towards 2013 production. In addition to achieving production, management is creating long-term shareholder value and deploying its capital to advance its projects by enhancing resources, further outlining new discoveries/targets, and acquiring additional strategic assets.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Please read the full disclaimer at www.TaraMinerals.com (http://taraminerals.com/English/General/Disclaimer/default.aspx).
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Tara Minerals Corp.
David Barefoot
(888) 901-4550
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