- Own 100% – considering advancement options.
- 1 km mineralized structure exposed at surface.
The La Currita project is located about 400 km southwest of the city of Chihuahua in the State of Chihuahua in northern Mexico. The project is situated on the western edge of the Sierra Madre Occidental in the Temoris mining district.
The La Currita Groupings includes 4 mines, a 150 ton/day operating flotation mill and stockpiled ore. The La Currita mine was in steady production from 1983 until 1998. A diamond drilling exploration program conducted in 1998 indicated grades of 2.59 g/t Au and 200 g/t Ag. Existing mines and mineralized structures hold potential to increase tonnage through systematic exploration. The area surrounding La Currita has numerous mines and recent substantial discoveries. Adjacent to the La Currita holdings, Palmarejo has announced an inferred resource of 3.1 million ounce gold equivalent on their property. In addition, about 20 miles to the SE is the 170,000 ounce/year Glamis Gold’s El Sauzal gold mine and 40 miles to the North is Gammon Lake Resource’s Ocampo Gold-Silver Project with a projected 270,000 gold-equivalent ounces/year.
The miners are able to work the faces of an approximately 14 meter wide vein, where they can produce an estimated 160 tonnes per day from two 4.5 meter wide by 3 meter high faces. The Mill has been upgraded and is ready for production re-start.
The La Currita property borders the southeast end of Coeur’s Guadalupe deposit in the south end of the Palmarejo District, where exploration drilling has been expanding and defining additional mineral resources. A mineralized structure is exposed on surface for about 1 kilometer, with surface samples returning up to 0.146 ounces per ton gold (5 g/t) and 17.5 ounces per ton silver (600 g/t).
On December 9, 2010, Paramount Gold reported drilling results from their Don Ese target located in close proximity to Tara Gold’s 100% owned La Currita. Updates were released on December 21, 2010 and February 1, 2011. This has resulted in a number of parties indicating their interest in La Currita, a past producing gold/silver project which borders the southeast end of Coeur d’Alene’s Guadalupe deposit in the south end of the Palmarejo District. Palmarejo has the capacity to produce an average of approximately 120,000 ounces of gold and 9.0 million ounces of silver annually. At La Currita, a mineralized structure is exposed on surface for over 1 km, with 6 developed levels and samples returning up to 5 g/t gold and 600 g/t silver. La Currita has the potential for a near-term production scenario.