- Producing Silver, Zinc, and Lead.
- Aggressive acquisition strategy.
- Dedicated to shareholder value.
Tara Minerals Corp. (OTC: TARM, BERLIN: 6T3) is generating cash from the sale of Silver, Zinc, and Lead concentrate from its producing Don Roman mine and mill, located in Choix, Mexico. Management is focused on creating long-term shareholder value as this capital is deployed to increase throughput, enhance resources, further outline new discoveries/targets, and acquire additional strategic assets. Tara’s strength in recognizing value early and strategy of reducing risk through a foundation of cash flow, positions it for low-risk value creation.
Don Roman and Lourdes -- Operating Mine and Mill
Tara Minerals is currently producing silver, zinc, and lead concentrate from its 100% owned Don Roman project. Past and current results indicate average grades of 309 grams per tonne silver, 9% zinc, and 3% lead. The mill is operating at 240 tonnes per day and this is expected to increase to 480 tonnes per day by Q2 2010. Concentrate revenue per tonne, after operating costs, is estimated at $200+ per tonne. Tara has secured a long-term sales agreement with Glencore International for the purchase of its lead/silver and zinc concentrate.
San Felipe -- New Gold and Silver Discovery
A significant gold and silver quartz vein has been discovered 1.5 kms southeast of the Don Roman mine and mill. Recent channel samples returned an average grade of 10.06 grams per tonne gold and 149.85 grams per tonne silver. The structure has a known strike length of approximately 850 meters and an exposed vertical height of approximately 400 meters. The vein remains open both along strike and at depth. Mine development, from 3 levels, has already begun with approximately 550 tonnes mined. An underground drill program is planned.
Adit Resources Corp. -- Picacho Gold and Silver Property
Tara Minerals owns 90% of Adit Resources Corp., a private subsidiary with the right to acquire a 100% interest in Picacho. Targets at Picacho consist of four multi-stage gold and silver bearing veins and breccias totaling over 8 1/2 kilometers. Drilling along a 12 meters thick, 150 meters wide ore-shoot, intercepted 11.28 meters grading 15.57 grams per tonne gold and 32.4 grams per tonne silver. Adit has raised $1.2 million to date to aggressively advance this property. A drill program is planned for Q2 2010.
Other Don Roman Structures
A series of parallel mineralized structures, traced for more than 300 meters, have been identified south of the Don Roman silver, zinc, and lead mine. Surface samples returned 15% zinc, 25.2% lead, and 44 grams per tonne to 1,111 grames per tonne silver. Additional mapping and sampling is planned.
Centenario
Centenario is comprised of eight concessions totaling 5,400 hectares. It is adjacent to Don Roman and contains two gold/copper systems (17 g/t gold, 7% copper and 350 g/t silver), two lead/zinc/silver systems (8% lead, 9% zinc and 400 g/t silver), and indications of an iron ore system (67% iron ore, 6 g/t gold and 4% copper). Additional mapping and sampling is planned.
Tara Minerals was incorporated on May 12, 2006. Between December 2006 and June 2009 Tara Minerals raised $3.6 million from the sale of 8.9 million shares of its common stock to private investors. Approximately 80% of the equity is currently owned by Tara Gold Resources Corp. (Other OTC: TRGD.PK, Frankfurt: T8N), a US based growth-orientated precious metals development and exploration company.
Tara Mineral continues to actively pursue future growth opportunities by acquiring additional exploration, development and production assets. Tara Minerals is in a strong position to acquire additional opportunities due to its established office and relationships in Mexico.