T8N) is pleased to announce results from 12 drill holes in the Montecristo Zone of its San Miguel project, in the Guazapares Mining District, Mexico. These holes (LV 15-17, 19-23, and 25-28) were drilled in the southeastern margin of the Montecristo Zone. Highlights of the results from this southeastern margin of the Montecristo include: 2.63 meters of 6.82 g/t of gold equivalent, 6.07 meters of 2.36 g/t of gold equivalent, and 18.61 meters of 0.85 g/t of gold equivalent.
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.
This first pass of drilling of the southeastern margin of the Montecristo Zone was designed to test areas of old mine workings and significant surface geochemistry. The Montecristo Zone contains bulk-tonnage, gold-silver targets associated with a rhyodacite dome complex. Gold and silver occur there largely as veinlets and disseminations in the silicified and brecciated margins of the intrusive bodies of the dome complex. This silicified breccia is cut by higher-grade veins.
Highlights of these assay results are as follows (go to www.TaraGoldResources.com for further assay details and maps):
True Gold
Hole From To Interval Width Gold Silver Equiv.*
-------- -------- -------- -------- ------- ------- -------
(grams/ (grams/ (grams/
Number (meters) (meters) (meters) (meters) ton) ton) ton)
======== ======== ======== ======== ======= ======= =======
LV-15 31.70 33.50 1.80 1.56 0.26 175.00 3.76
======== ======== ======== ======== ======= ======= =======
LV-19 53.70 78.00 24.30 18.61 0.09 37.54 0.85
======== ======== ======== ======== ======= ======= =======
LV-20 39.00 46.90 7.90 6.47 0.19 66.00 1.51
======== ======== ======== ======== ======= ======= =======
LV-21 33.30 40.00 6.70 6.07 0.00 118.00 2.36
-------- -------- -------- -------- ------- ------- -------
52.10 55.00 2.90 2.63 0.04 339.00 6.82
======== ======== ======== ======== ======= ======= =======
LV-22 84.00 91.00 7.00 6.07 0.19 56.57 1.32
======== ======== ======== ======== ======= ======= =======
LV-23 126.00 155.00 29.00 22.21 0.46 4.00 0.54
-------- -------- -------- -------- ------- ------- -------
including: 3.06 1.32 0.00 1.32
-------- -------- -------- -------- ------- ------- -------
205.30 206.10 0.80 0.51 3.31 106.00 5.43
======== ======== ======== ======== ======= ======= =======
LV-25 81.00 83.00 2.00 1.53 0.31 136.00 3.03
======== ======== ======== ======== ======= ======= =======
LV-26 26.70 32.35 5.65 4.89 0.00 89.00 1.78
-------- -------- -------- -------- ------- ------- -------
including: 0.95 0.00 209.00 4.18
-------------------------- -------- ------- ------- -------
71.70 78.40 6.70 5.80 0.10 53.00 1.16
======== ======== ======== ======== ======= ======= =======
These drill holes, in combination with holes SC-01 to -11 (released March 18, 2008), show that the Montecristo Zone is more than one kilometer in strike length. In addition, these results together with those from LV-01 to 10 (reported on October 22, 2007), and LV-11 to 14, 18 and 24 (reported on November 6, 2007) indicate that much of the distance along strike and between the Montecristo and San Antonio Zones is mineralized.
Paramount has commented that, "These latest drill results, as well as those from holes SC-01 to 11, are being combined with the interpretations from our structural and geophysical analysis to develop more drill targets in the Montecristo Zone. We believe that the Zone has significant potential for both bulk tonnage and higher grade mineralization."
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.