OTC: TARM: 1.60  +0.07
OTC: TARM: 1.60  +0.07
Operations
  • 100% owned by Tara Minerals.
  • Multiple Mineral Systems.

Tara Minerals has an agreement to acquire 100% interest in eight concessions known as the Centenario property located 20 km ESE of Choix, Sinaloa State, Mexico. The concessions total 5,400 hectares and are being purchased for option payments totaling $2,000,000, including $300,000 in value added taxes, due between now and November 2012.

The Centenario prospect is in close proximity to Tara Minerals’ existing Don Roman and Lourdes mineral claims currently being put into production. A preliminary rock-chip sampling program has indicated the potential for five separate mineral systems at Centenario.

Two gold/copper systems returned initial chip sample assay results of up to 17 grams/t gold, 7% copper and 350/t grams silver. Two lead/zinc/silver systems returned values up to 8% lead, 9% zinc and 400 grams/t silver. There are also indications of an iron ore system which returned values of up to 67% iron ore, 6 grams/t gold and 4% copper.

A systematic mapping and sampling program is planned.

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Design Concepts by: Kitsch Kreative
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