CHICAGO, IL -- (MARKET WIRE) -- 09/11/07 -- Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce that Pershimco, the Las Minitas operator, has now completed 8 diamond drill holes, with 1 hole in progress. Drilling has intersected tuffaceous units generally with 1-5% sulphides over significant core lengths ranging from 12 to 93 m, true widths of 9 to 70 m.
In May of 2007, Tara Gold signed an option agreement with Pershimco Resources Inc. giving Pershimco, as operator, an option to earn a 75% direct property interest by making cumulative payments of $1.8 million to Tara Gold, staged exploration work for a total of $5.2 million over 48 months, underlying properties payments of $3.4 million and issuing 750,000 shares to Tara Gold.
Pershimco has provided the following drill hole statistics:
TARGET LENGTH
DDH # LOCATION AZIMUTH / DIP (M) COMMENTS
----------- ----------- ----------- ------------- --------------------
LM-07-01 LAS MINITAS 000° / -45° 149.5 N/A
----------- ----------- ----------- ------------- --------------------
Same set-up as
LM-07-01; 40 m 1-5%
LM-07-02 LAS MINITAS 045° / -45° 180.0 sulphides
----------- ----------- ----------- ------------- --------------------
50 m SE of LM-07-01
and 02; 100 m of
LM-07-03 LAS MINITAS 045° / -45° 250.0 1-5% sulphides
----------- ----------- ----------- ------------- --------------------
At same site as
Hecla's historic
hole 92; 1-4%
LM-07-04 EL NEGRO 045° / -45° 146.0 sulphides
----------- ----------- ----------- ------------- --------------------
Repeat of LM-07-04
with additives to
improve core
recovery; 70 m of
LM-07-05 EL NEGRO 045° / -45° 147.5 1-4% sulphides
----------- ----------- ----------- ------------- --------------------
75 m NW of LM-07-04
and 05; near Hecla
historic hole 93; 12
LM-07-06 EL NEGRO 270° / -45° 150.0 m of 1-5% sulphides
----------- ----------- ----------- ------------- --------------------
NW of LM-07-06 near
Hecla historic hole
94; 93 m of 1-5%
LM-07-07 EL NEGRO 270° / -45° 212.0 sulphides
----------- ----------- ----------- ------------- --------------------
3 m south of
LM-07-07; 90 m of
LM-07-08 EL NEGRO 045° / -45° 150.0 1-5% sulphides
----------- ----------- ----------- ------------- --------------------
30.0
LM-07-09 EL NEGRO 045° / -45° (in progress) 3.5 m NE of LM-07-06
----------- ----------- ----------- ------------- --------------------
TOTAL 1,415.0
----------- ----------- ----------- ------------- --------------------
Core is being logged, split, bagged and sealed on site, and sent to the ALS-Chemex facility in Hermosillo, Mexico, 300 km north of the project where samples will be processed and sent to Vancouver, BC, for final analysis. Assays and assaying protocols will be issued once results are made available to.
The information in this news release has been prepared and reviewed by Mr. Jean Lafleur, P. Geo., Director and Technical Advisor to Pershimco and is a Qualified Person under NI 43-101.
About Las Minitas
The 7,275 hectares Las Minitas Property is located in Sonora, Mexico, northwest of the town of Alamos, within the well known Sierra Madre Occidental gold-silver belt where a number of successful gold/silver exploration projects are ongoing.
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, 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
Investor Relations: 317-218-0204
Investor Relations Website: www.sfpindy.com
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