CHICAGO, April 3, 2006 (MARKETWIRE) – (Other OTC: TRGD.PK) Tara Gold Resources Corp. is pleased to announce that an initial payment has been made to acquire 100% interest in 23 concessions known as the Las Minitas Property, totaling 826 Hectares. The Property is located in Sonora, Mexico, approximately 40 air kilometers northwest of the town of Alamos. The property lies at the western edge of the province known as the Sierra Madre Occidental gold-silver belt where a number of successful gold/silver exploration projects are ongoing.
Between 1993 and 1995 Minera Aguila Canadiense S.A. de C.V. (MAC), a wholly-owned subsidiary of War Eagle Mining Company, conducted a surface chip sampling program on the property and found results sufficiently encouraging to option four claims that covered what was then considered to be the area of economic interest. Subsequently the property has seen work programs that have included a 9 hole, phase I, 929 meter reverse circulation drilling program, two geochemical soil sampling surveys that totalled 722 samples, and a 27 hole, phase II, 2,430 meter reverse circulation drilling program.
Tara Gold will focus its initial efforts on the validation of the previous exploration work completed by War Eagle that outlined three wide, high grade, lode-type mineralized bodies: the North, Central, and El Negro zones, with postulated strike lengths of 400, 500, and 700 meters respectively. Tara Gold considers these three zones to be outstanding precious metal exploration targets and is currently developing a plan to confirm previous findings and conduct a focused sampling and drilling program.
Mr. Francis Biscan Jr., President of Tara Gold Resources stated; "I believe we have acquired a property that holds tremendous value for Tara Gold shareholders. I look forward to validating and advancing the results achieved by previous work."
About Tara Gold Resources Corp. Tara Gold Resources Corp. is a precious metals exploration and development company with existing production. It is management's objective to become a significant gold and precious metals producer by increasing our current production at La Currita and developing the San Miguel, La Millionaria, and Las Minitas projects in Mexico, and by acquiring 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: www.taragoldresources.com
The information contained in this news release, has been reviewed, approved, and deemed relevant by Michael Sandidge P Geo., the qualified person, as defined under National Instrument 43-101. <./p>
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.
Contact Tara Gold Resources Corp., OTC: TRGD.PK
Website: www.TaraGoldResources.com E-mail: president@taragoldresources.com Corporate Office: 630-462-2079 Investor Relations: 503-465-1983
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