- Don Roman and Lourdes producting in 2009.
- Lluvia de Oro expected to produce in 2009.
Tara provides investors growth exposure with a diversified exploration portfolio, multiple multi-million ounce targets and several near term production scenarios. Tara Gold is currently focused on generating revenue from the Don Roman and Lourdes project owned 100% by the subsidiary Tara Minerals Corp.
Tara Gold is also positioned to benefit from production start-up at Lluvia de Oro, from the future advancement of Las Minitas and the monetization of its equity interests. A summary of all projcets is provided below.
La Currita Mine – Own 100%
- Assessing advancement options.
- Mineralization structure exposed on surface (1 km).
- Surface samples returned 5 g/t gold and 600 g/t silver.
Lluvia de Oro Mine – Retain 20% Net Cash Flow
- A past producing open pit gold mine with mine office, modern processing plant and two heap leach pads.
- 295 historical drill holes indicate a gold resource of 250,000 ounces, including 30,000 ounces of gold on the pads.
- Historical records indicate potential to double resource through exploration.
- Partner spending $5+ million to upgrade equipment and start-up.
- Expected to produce 25,000 to 30,000 ounces of gold per year upon start-up in 2009.
- Visit http://www.nwmcorp.ca for additional details.
Don Roman and Lourdes – Retain 100% under Tara Minerals
- High grade zinc, lead and silver property owned 100% by Tara Minerals Corp.
- Production is expected to begin at 300 tonnes per day in 2009.
- Tara Gold owns approximately 80% of Tara Minerals.
INVESTMENTS
Paramount Gold and Silver Corp. – Santa Cruz sale
- Monetized PZG holdings from San Miguel sale.
- Tara will earn 350,000 PZG shares upon trasfer of Santa Cruz.
- PZG has interest in the Vidette Lake Gold Mine located in British Columbia, Canada.
- Visit http://www.paramountgold.com for additional details.
La Camera Mining Inc. – Equity position from previous partnership
- Private company exploring Morelos project adjacent to Goldcorp in Mexico.
- Expects to complete a 43-101 report during 2009.
EXPLORATION
Picacho Gold Mine – Retain 100% under Tara Minerals
- Formerly producing mine with processing facility currently capable of producing 250 tonnes/day.
- Ore grades averaging 5 g/t gold and 15 g/t silver over a 1 km, 6 m wide vein.
- Tara is renegotiating option terms with the vendor.
Las Minitas – Retain 100%
- Early exploration with several targets identified.
- Currently assessing options for advancement.
Pilar De Mocoribo – Retain 100% under Tara Minerals
- High grade zinc, lead and silver property owned 100% by Tara Minerals Corp.
- Tara Gold owns 80% of Tara Minerals.