- Own 25,400 acres in Mexico mining district.
- 7,060 acres Gold/Silver Picacho project.
- Centralized Mexico processing mill in place.
- Patented and unpatented mining claims Idaho, USA.
- Defining structures towards 2013 production.
- Aggressively acquiring near production projects.
Tara Minerals has 100% interest in 25,400 acres which contain numerous gold/zinc/lead/silver/iron mineralized structures. The structures are located in the northern part of the La Reforma Mining District of northeastern Sinaloa State, Mexico. The predominate rocks in the area are Upper Jurassic-Lower Cretaceous cabonate (limestone) rocks and Tertiary granitic intrusives. The La Reforma Mining District has been mined for more than 300 years, with substantial amounts of precious and base metals produced from numerous mines. In the opinion of Tara Minerals, the district has never been properly explored using present day, industry standard, exploration methods, including geochemistry, geophysics, and geology. Tara Minerals feels that this area may potentially host base metals that were never discovered or exploited due in part to market conditions, lack of technology, and lack of funding.
Most of Tara Minerals projects are located approximately 25 kilometres from the town of Choix, Sinaloa State, Mexico. The properties are accessed by driving a 4x4 vehicle on Sinaloa State maintained roads along the north side of the Rio Fuerte to the village of Altamira, located in the center of the La Reforma Mining District.
The Picacho group of concessions consisted of 7,060 hectares and is located in Sonora, Mexico, 100 km south of the U.S.A border. The area has a high level of exploration activity, is close to a national paved highway, power grid, and a 1,200 m airstrip. Prior to the Yamana agreement and its 12 month work period, nine gold-bearing veins over four mineralized target areas with an aggregate strike length of over 10.8 km had been identified at Picacho. In addition, 5,300 meters of drilling along only 600 meters of the vein system, had returned true width intercepts including 11.3 m of 15.6 g/t gold, 6.1 m of 4.7 g/t gold, and 9.4 m of 7.8 g/t gold.
The Ponderosa Project in the Dixie Mining District of central Idaho, USA, consists of patented and unpatented mining claims. The claims include previously mined veins with historic sampling of the exposed outcrops averaging 14 grams/tonne Au. Tara’s initial focus is to assess the previously unmined veins for their near-term production potential.
Tara Minerals is also actively pursuing future growth opportunities by acquiring additional exploration, development or production assets. Tara Minerals is in a strong position to acquire additional opportunities due to its established office and relationships in Mexico. Tara Minerals is currently engaged in discussions with respect to such possible opportunities. There is no assurance that any potential transaction will be successfully completed.