CHICAGO, IL -- (MARKET WIRE) -- 04/24/07 -- (PINKSHEETS: TRGD) (FRANKFURT: T8N) Tara Gold Resources Corp. is pleased to announce it has received the Pre-Feasibility report for the Lluvia de Oro gold mine located in Sonora, Mexico. The report confirms the economic and technical viability of the Lluvia de Oro gold mine.
Tara Gold Resources signed an agreement with Columbia Metals Corporation, whereby Columbia can acquire 100% interest, subject to a 20% Net Cash Flow interest retained by Tara, by making payments totaling of $4,337,500, and issuing 1,000,000 shares to Tara Gold.
The DENM Engineering Limited Pre-Feasibility Report recommended the sequential start-up of the crushing and re-leaching of the existing Lluvia de Oro leach pad and the re-opening of the Lluvia de Oro mine. Columbia has indicated that the crushing and leaching of the existing pad material will commence on May 15, 2007. The first gold pour from this material is expected in the fourth quarter of this year. The full report can be found at the Tara Gold website located at http://www.TaraGoldResources.com
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.
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.
Website: www.TaraGoldResources.com
E-mail: president@taragoldresources.com
Investor Relations: 630-462-2079
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