CHICAGO, IL -- (MARKET WIRE) -- 05/30/07 --
Tara Gold Resources Corp. (PINKSHEETS: TRGD)
and (FRANKFURT: T8N) is pleased to announce the most recently reported
assays from its ongoing drill program at the San Miguel Project near
Temoris, Chihuahua, Mexico.
In August 2005, Tara Gold Resources signed an agreement with Paramount Gold
Mining Corp. giving Paramount the right to earn up to a 70% interest in the
project by spending US$2.5 million, delivering 700,000 shares, and making
various payments to Tara Gold, which has now been earned.
The following are results from four drill holes completed in the San
Antonio area. Drill holes SA-25, SA-26 and SA-27 were drilled to fill in
gaps in the mineralized body between drill holes SA-11 (5.4 meters of 217
g/t silver and 0.90 meters of 427 g/t silver) reported on January 30, 2007
and SA-07 (2.3 meters of 123 g/t silver with 0.81% lead/zinc) reported
December 14, 2006. Drill hole SA-28 was drilled 50 meters north of hole
SA-07. Results from SA-28 show that the mineralized body in the San
Antonio - El Carmen area continues to extend along strike to the northwest
of previous drilling.
Bill Reed, Exploration Manager for Paramount in Mexico, said, "Hole SA-25
has yielded our highest grade intercept to date and is indicative of the
bonanza type silver grades that can be encountered in this silver district.
I am also very pleased that step-out hole SA-28 continues to show that the
San Antonio - El Carmen mineralized zone is open north towards the new La
Veronica zone, the south end of which is 710 meters north of hole SA-28.
The La Veronica zone, which has been identified by our trenching program,
is at least 1 km long."
Drill Highlights, with approximate true widths; see drill table below for
more details
SA-25 reported 7 intercepts with grades between 159 g/t and 5,370 g/t
silver, including:
1. 10.2 meters (6.5 meters of true width) from 40.3 to 50.5 averaging
468 g/t silver with 0.81% lead + zinc, including:
a. 0.5 meters (0.4 meters true width) from 40.3 to 40.8 of 522 g/t
silver
b. 0.5 meters (0.4 meters true width) from 40.8 to 41.3 of 5,370
g/t silver, and
c. 9.2 meters (5.8 meters true width) from 41.3 to 50.5 of 210
g/t silver
2. 4.6 meters (3.7 meters true width) from 30.1 to 34.7 of 136 g/t silver
SA-26 had intercepts of:
1. 3.2 meters (2.6 meters true width) from 11.3 to 14.5 of 276 g/t silver
2. 1.5 meters (1.2 meters true width) from 132.0 to 133.5 of 207 g/t
silver
3. 1.1 meters (0.8 meters true width) from 139.7 to 140.8 of 447 g/t
silver with 2.02% lead + zinc.
SA-27 intersected 1.8 meters (1.3 meters true width) from 230.8 to 232.6
of 165 g/t silver, and numerous other intercepts of 24 g/t to 165 g/t
silver
SA-28 intersected 3.7 meters (2.2 meters true width) from 33.5 to 37.2
meters of 314 g/t silver, and 4 intercepts between 51.6 to 73.0 meters of
134 g/t to 217 g/t silver
Quality Control
Paramount takes detailed photos of the entire core before it is cut to half
core which is assayed at ALS Chemex's Vancouver laboratory. As part of
quality assurance, quality control (QAQC), a blank (sterile) sample is
submitted every 20th sample. Later, pulps from a number of intervals will
be renumbered and pulps from known standards will be inserted between them
in numerical order. These will then be submitted for reanalysis. The
results will then be compared to the original values reported, and the
known values of the inserted standards. Half-core samples have been
retained on site for verification and reference purposes.
C.W. (Bill) Reed, B. Sc. Mineralogy, is the qualified person and has
prepared the detail and review with respect to this news release.
Hole No. From To Interval Au Ag Au Eq Pb Zn
Meters Meters Meters g/t g/t g/t % %
SA - 25 13.90 16.50 2.60 0.00 267.00 4.45 0.17 0.19
30.10 32.50 2.40 0.00 215.00 3.59 0.06 0.35
32.50 34.70 2.20 0.00 49.00 0.81 0.02 0.11
40.30 41.30 1.00 0.07 2934.00 48.90 1.01 1.14
including 40.30 40.80 0.50 0.00 522.00 8.70 0.75 0.98
including 40.80 41.30 0.50 0.14 5370.00 89.64 1.27 1.30
41.30 43.10 1.80 0.00 159.00 2.66 0.08 0.19
43.10 50.50 7.40 0.00 210.00 3.49 0.34 0.43
63.00 63.90 0.90 0.00 110.00 1.83 0.02 0.15
63.90 74.05 10.15 0.00 22.00 0.36 0.08 0.23
83.60 85.90 2.30 0.00 74.00 1.24 0.12 0.28
96.80 107.90 11.10 0.00 44.00 0.73 0.12 0.37
Average 30.10 34.70 4.60 0.00 136.00 2.26 0.04 0.23
Average 40.30 43.10 2.80 0.03 1150.00 19.17 0.41 0.53
Average 40.30 50.50 10.20 0.01 468.00 7.80 0.36 0.45
SA - 26 0.00 11.30 11.30 0.00 25.00 0.41 0.03 0.18
11.30 14.50 3.20 0.00 276.00 4.59 0.08 0.13
14.50 25.60 11.10 0.00 28.00 0.47 0.04 0.13
32.35 34.95 2.60 0.02 47.00 0.78 0.09 0.14
38.55 43.00 4.45 0.00 61.00 1.01 0.09 0.11
45.75 47.65 1.90 0.00 177.00 2.96 0.18 0.22
47.65 74.40 26.75 0.00 40.00 0.67 0.10 0.20
114.80 116.40 1.60 0.00 107.00 1.79 0.05 0.08
132.00 133.50 1.50 0.00 207.00 3.45 0.21 0.24
139.70 140.80 1.10 0.00 447.00 7.44 0.95 1.07
179.25 180.95 1.70 0.00 47.00 0.78 0.54 1.19
189.20 241.10 51.90 0.00 8.00 0.13 0.25 0.65
0.00 74.40 74.40 0.00 46.00 0.76 0.07 0.16
SA - 27 0.00 13.10 13.10 0.01 24.00 0.40 0.08 0.19
76.00 86.40 10.40 0.00 27.00 0.44 0.10 0.18
108.00 115.40 7.40 0.01 41.00 0.68 0.27 0.56
119.40 138.60 19.20 0.00 24.00 0.40 0.24 0.52
145.80 148.20 2.40 0.00 64.00 1.07 0.31 0.66
163.00 170.30 7.30 0.00 35.00 0.58 0.04 0.12
178.10 189.70 11.60 0.01 43.00 0.72 0.16 0.37
200.40 205.30 4.90 0.00 29.00 0.48 0.15 0.42
205.30 209.10 3.80 0.02 16.00 0.26 0.20 0.57
230.80 232.60 1.80 0.00 165.00 2.75 0.27 0.44
240.00 240.80 0.80 0.00 128.00 2.13 0.08 0.30
SA - 28 0.00 11.20 11.20 0.00 17.00 0.28 0.04 0.18
24.00 26.10 2.10 0.00 61.00 1.02 0.07 0.14
33.50 37.20 3.70 0.00 314.00 5.23 0.08 0.27
45.00 47.00 2.00 0.00 56.00 0.93 0.11 0.26
51.60 52.90 1.30 0.00 211.00 3.52 0.08 0.16
59.00 60.45 1.45 0.00 217.00 3.62 0.11 0.25
64.80 65.60 0.80 0.00 161.00 2.68 0.43 0.60
72.00 73.00 1.00 0.00 134.00 2.23 0.10 0.25
97.20 100.00 2.80 0.00 68.00 1.13 0.10 0.24
116.55 117.15 0.60 0.00 70.00 1.17 0.27 0.94
120.40 122.70 2.30 0.00 23.00 0.38 0.28 0.85
192.10 193.50 1.40 0.00 53.00 0.88 0.07 0.21
About San Miguel
San Miguel is currently comprised of 16 concessions covering a +8 km long
structural zone that hosts silver and gold mineralization. The concessions
also include other structural zones that host mineralization but have not
yet been tested. It is located in Chihuahua, Mexico and lies in the
Guazapares mining district, part of the gold-silver belt of the Sierra
Madre Occidental. Paramount signed an agreement in August 2005 with Amermin
S.A. de CV, a subsidiary of Tara Gold Resources, and has earned a 70%
interest in the San Miguel project.
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: 317-218-0204
Investor Relations Website: www.sfpindy.com
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