Tara Minerals Begins Diamond Drilling Program to Support Iron Ore Production Plan
CHICAGO, IL -- (Marketwire) -- 08/08/12 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3) is pleased to announce the start of an aerial topography and diamond drilling work program in support of current production plans for the Champinon Iron Project. The work will enhance the mining and processing development plan and help to insure consistent feed at the highest possible iron ore yields from the project.
Francis R. Biscan, Chief Executive Officer, commented, "Recent data, including independent metallurgical results, continue to grow our confidence level regarding the economic viability of iron ore production from Champinon. The current programs will further define the mineralized structure and help us understand its long term potential. The aerial topography will also encompass the La Verdes, Del Rosario, and Truinfo mine concessions, each of which are part of the Don Roman district and part of pre-production planning relating to the start of silver, gold, zinc, and lead production at the Don Roman Mill."
Steve Eady, Chief Geologist, commented, "I joined Tara Minerals because I was confident in the potential of the Don Roman District and my desire to be part of its development. Production of iron ore is just the beginning of, what I believe will be multiple decades of economically mining various metals and minerals from this district."
Phase one work will include approximately 600 meters of drilling accross at least five holes. The arial topography mapping will encompass approximately four square kilometers and include the entire Champinon project, as well as other portions of the Don Roman District, including the Las Verdes, Del Rosario, and Truinfo concessions. All work activities will be conducted in a NI 43-101 compliant manner with an eventual goal of issuing a series of NI 43-101 compliant Technical Reports for the Don Roman district.
About Tara Minerals Corp. (http://www.TaraMinerals.com)
Tara Minerals Corp. is focused on advancing its gold/silver/zinc/lead Don Roman mine and mill and its iron ore projects located in Mexico. 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. Tara's strength in recognizing value early and strategy of reducing risk through a foundation of cash flow, positions it for low-risk value creation.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical 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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