- 100% owned by Tara Minerals.
- Zinc/Lead/Silver mine and mill under development.
- High grade gold vein being bulk sampled.
- Gold/Silver vein moving to production.
Tara Gold owns an equity position in Tara Minerals. It is the intention of Tara Gold to distribute all its Tara Minerals shares to its shareholders.
On November 16, 2006, Tara signed a definitive option agreement to acquire a 100% interest in the 331 hectares Don Roman and Lourdes Groupings, located 20 km ESE of Choix, Sinaloa State, Mexico. The Don Roman and Lourdes has now been expanded to include the 1,260 hectares Pilar De Mocoribo Groupings, and the 41 hectares Las Nuvias prospect. Together they comprise an extensive area of hydrothermal alteration that hosts numerous base and precious metal occurrences along the western part of the Northern Sierra Madre Gold Belt. The property lies 15 km SW of the historically prolific La Reforma Pb-Zn-Ag District that is now the focus of concerted exploration by Peñoles. The concessions contains gold/zinc/lead/silver mineralization.
Tara Minerals is currently developing the mill to produce lead, zinc and silver concentrate from its Don Roman project. Cash flow from the plant will allow TARM to establish resources at Don Roman and advance surrounding properties controlled by the company.
A high-grade gold-bearing quartz vein has been discovered 1.5 kms southeast of the Don Roman mine and mill. Work to date has outlined the known vein to approximately 850m strike length and approximately 400m in vertical height. The vein remains open both laterally and at depth. Channel samples returned results ranging from 28 to 41g gold per tonne. Trenches ranged from 4 to 6g gold per tonne.
A decision has been made to put the San Felipe gold/silver vein into production. Tara has commenced a mine development plan and is enhancing the current mill design to incorporate the production of Gold and Silver concentrates.