Gold Ore Processing Agreement Signed
August 13 2013 - 9:54AM
Marketwired
Tara Minerals Corp. (OTCQB: TARM) (BERLIN: 6T3) is pleased to
announce that it has signed an agreement with Rock Solid
Investments, an independent mill owner and operator, to process the
gold ore recovered from Tara's Ponderosa project. Rock Solid owns a
fully operational mill located in Denio, Humboldt County Nevada,
capable of processing Tara's ore for the purpose of recovering
precious metals and producing saleable concentrates.
A recent 3.5 tonne sample from the outcrop portion of the Black
Diamond Vein was assayed by three independent labs. The head grade
assay from this part of the vein consistently returned 0.77 oz/t
gold and 1+ oz/t silver. Flotation and concentrate ICP testing of
this material is currently in progress with an independent third
party certified lab. Tara is working with Rock Solid and other
consultants to optimize the recovery process and install any
additional processing equipment. Tara will pay Rock Solid a flat
processing fee and has incentives in place for the mill operator to
increase recovery rates.
Mr. Tom Claridge, Senior Mining and Plant Engineer, stated, "Our
plan is to mine the surface outcrops while we drill and delineate
the underground extensions. Outsourcing the processing at this time
allows us to focus on defining the resource for underground
development. To date, the veins have been easy to follow on the
surface, have the potential for large tonnage, and are showing
consistent grades. We are also well advanced in our mine permitting
process and have community support for the project. As an example
of the potential for this mining district, Midas Gold Corp. to the
south recently attracted investments of $15 million from
Franco-Nevada Corporation and $9.8 million from Teck Resources
Limited."
The Ponderosa Project consists of 6,721 acres of both patented
and unpatented mining claims in central Idaho, USA. The optioned
claims include previously mined veins with historic sampling of the
exposed outcrops averaging 0.5 oz/t gold.
About Tara Minerals Corp. (http://www.TaraMinerals.com)
Tara is currently focused on advancing its US and Mexico project
pipeline towards 2013 production. In addition to achieving
production, management is creating long-term shareholder value and
deploying its capital to advance its projects by enhancing
resources, further outlining new discoveries/targets, and acquiring
additional strategic assets.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained herein 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. Please read the full disclaimer
at www.TaraMinerals.com
(http://taraminerals.com/English/General/Disclaimer/default.aspx).
Contact: David Barefoot (888) 901-4550 Email Contact
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