CHICAGO, IL -- (MARKET WIRE) -- 05/30/08 -- Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce assay results from recent exploration trenching in the San Antonio zone of the San Miguel Project in Mexico.
Two trenches were excavated for a total of 156 meters in the San Antonio zone to investigate an area of sparse outcrop with attractive surface geochemical sampling results, and to test the projection to the surface of precious metal-bearing veins intersected in a previous drilling program. Highly anomalous values in gold, silver, lead, and zinc are present over significant widths in both trenches.
The San Miguel project is a joint venture between Tara Gold Resources Corp. (30%) and Paramount Gold Mining Corp. (70%). Paramount is the operator of the exploration program and provided this update. The assay results are tabulated below. Further information is available at http://TaraGoldResources.com.
AuEq
Trench From To Interval Au ppm Ag ppm ppm Pb % Zn%
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Meters Meters Meters
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ZSJ-1 0.00 12.50 12.50 0.01 20.00 0.42 0.13 0.58
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12.50 18.50 6.00 0.01 87.00 1.74 0.20 0.61
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18.50 21.50 3.00 0.02 357.00 7.17 0.40 0.52
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21.50 33.50 12.00 0.00 70.00 1.41 0.09 0.36
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ZSJ-2 24.00 38.00 14.00 0.03 12.00 0.28 0.16 0.54
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38.00 39.20 1.20 0.29 77.00 1.83 5.50 14.25
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39.20 43.00 3.80 0.05 14.00 0.34 0.08 0.27
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43.00 44.00 1.00 0.07 76.00 1.59 0.51 0.65
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44.00 45.00 1.00 6.48 485.00 16.18 2.45 0.37
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45.00 46.00 1.00 0.30 23.00 0.76 0.70 0.79
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46.00 47.00 1.00 2.34 105.00 4.44 0.39 1.02
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47.00 82.50 35.50 0.06 24.00 0.54 0.17 0.77
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82.50 110.50 28.00 0.00 16.00 0.32 0.04 0.79
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The high gold values in ZSJ-2 were a pleasant surprise, as gold values are generally lower in the San Antonio holes drilled more than 100 meters to the east. Lead and zinc values were also higher than anticipated. The four meter interval in ZSJ-2 from 43 to 47 meters averages 2.30 g/t Au, 172.25 g/t Ag, 5.75 g/t AuEq, 1.01% Pb and 0.71% Zn. This mineralization appears to represent the projection to the surface of veins intersected in drill holes SJ-04 and SJ-05.
The mineralized zones in the trench ZSJ-02 align with small old workings extending approximately 30 meters to the northwest along strike. The mineralized zone is roughly parallel to the main San Antonio workings and provides an opportunity to develop additional resources along this parallel structure with a drilling program planned for the area in 2008.
Paramount has commented that, "Earlier surface geochemistry suggested that trenching could reveal another parallel mineralized zone. The base and precious metal grades were much higher than we expected. This zone may represent an opportunity to significantly increase the resource at San Antonio."
Quality Control
Paramount takes detailed digital photos of the entire core before it is cut by saw to half core which is assayed at ALS Chemex's Vancouver laboratory. As part of quality assurance, quality control (QA/QC), Paramount has put into place a detailed program of periodically introducing certified standards, blanks and duplicates into the sample stream. Half-core samples are being retained on site for verification and reference purposes.
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, Las Minitas and Curcurpe 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:
Website: www.TaraGoldResources.com
Investors Relations:
Warren Drew
Phone: 406-844-0322
E-mail: jwjflies@centurytel.net
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