CHICAGO, IL — (MARKET WIRE) — 10/13/09 — Tara Minerals Corp. (OTCBB: TARM), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce that selective mining to bulk sample the newly discovered high-grade gold-bearing San Felipe quartz vein (see October 1, 2009 press release) has begun. A minimum of 500 tonnes will be sampled. Assay results are expected in November and if consistent with recent sampling, gold mining and processing will begin immediately. The producing Don Roman mill (see September 29, 2009 press release) has three parallel circuits and a portion of the capacity can be used to produce gold concentrate for sale.
Surface channel samples from the structure have returned values ranging from 28 to 41 grams gold per tonne. Additionally, a series of 8 shallow trenches returned 4 to 6 grams gold per tonne. Work to date has outlined the known vein strike length to approximately 850 meters and approximately 400 meters in vertical height. The vein remains open both laterally and at depth. The tunneling has begun and is expected to advance approximately 9m per day.
Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, “I would like to recognize Ms. Aracely Urquidi, one of our talented geologists, with the discovery of the San Felipe vein. It is a significant discovery for Tara Minerals shareholders and has become a high priority. If the results merit, production from the structure can continue, and further development of the mine to increase output can begin immediately.”