Tara Minerals Corp. Press Releases

Additional Mineralized Veins Discovered in Proximity to Producing Mine

Tue, 13 Jul 2010 09:00:00 -0400

CHICAGO IL -- (MARKET WIRE) -- 07/13/10 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3) is pleased to announce the discovery of numerous additional mineralized bodies in close proximity to the operating Don Roman mine and mill. These sources have the potential to provide material for processing at the mill for many years to come as they are better defined.

The newly discovered La Bolita Silver, Lead, Zinc and Copper vein structure is located within 1 km of the currently mined Don Roman veins. Initial surface and trench samples to date indicate higher Lead content, lower Zinc values and contains showings of Copper. One sample returned 35 g/t Silver, 11.69% Lead, 6.15% Zinc, and 3.4% Copper. Outcrops have been traced up to a distance of 260 meters. On the basis of sampled results to date, and due to the close proximity to the currently mined zone, the La Bolita structure is considered of high importance. Tara is considering three small test pits to open up the structure and to obtain channel samples of these zones towards determining its economics.

Two other mineralized structures have been observed and labeled as the Rosita Silver, Zinc, Lead and Gold target. The Rosita target is located on the opposite side of the mountain from the main Don Roman portal, a distance of approximately 400 meters straight through the mountain. The Don Roman adit is already 90 meters into the mountain and heading towards Rosita. One surface sample returned 245 g/t Silver, 12.76% Lead, and 27.85% Zinc. This zone is important for two reasons; one is that the butting contact between the structures indicates an opening area, an indication of a mineralization event of interest and, two, that the structure of low angle as seen, would be a replacement structure which opens the possibility of discovering more structures of this kind in the area.

Mr. Francis Biscan Jr., President of Tara Minerals Corp., commented, "We now have approximately 350 meters of mine tunnels over three levels. We continue to discover significant mineralized targets and development projects, both within the Don Roman concessions and within other adjacent properties controlled by Tara. With a continuation of the exploration success we have been encountering, we can see Don Roman becoming a regional production project."

The Don Roman project is 15 km to the SW of the Zinc/Lead/Silver Reforma district, where the Mexican mining giant Penoles got its start. The Santo Tomas Copper deposit is adjacent to Don Roman towards the east. There are many other workings nearby which date back to the Mexican revolution. In addition to Don Roman, Tara acquired several other gold and polymetallic properties within the district. These include the Centenario Gold and Iron property 9 km to the north, the El Sol Gold property 8 km to the north, and others. Tara envisioned the potential to combine the output of several of these properties to feed a central flotation milling complex at Nacimiento.

The mineralization currently being mined at Don Roman is termed a skarn. Zinc skarns commonly occur in continental settings associated with subduction and extensional faulting, which is the case in Sinaloa. These skarns are generally high grade with Zinc/Lead grades of 10 to 20% and Silver in the 30 to 300 g/t range. It is very common to find substantial Zinc/Lead/Silver skarn deposits peripheral to porphyry copper systems.

The mineralization being exploited at Don Roman certainly appears to fit these criteria in terms of metal grades and in that it is peripheral to a strong porhpyry system and is likely genetically related to the adjacent Santo Tomas porphyry Copper.

About Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3)

Tara Minerals Corp. 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.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical 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.

Website: www.TaraMinerals.com
Francis Biscan Jr.
Phone: (630) 752-4447

Tara Minerals Revenue Enhanced as Concentrate Shipments Increase

Mon, 28 Jun 2010 09:19:00 -0400

CHICAGO, IL -- (MARKET WIRE) -- 06/28/10 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3) is pleased to announce that it is increasing the rate of Silver, Zinc, and Lead concentrate shipments to Glencore International. Recently, Tara also began taking steps to bring shipping in-house in an effort to improve the consistency of deliveries and increase margins. Glencore has conducted extensive testing on the concentrate at its European labs to ensure that it can be safely accepted for processing at its smelters. Shipments made to date have been accepted with provisional payments received from Glencore. Tara is working with Glencore to improve logistics, reduce the assay confirmation timeline, and to expedite provisional and final payments.

The Don Roman mine now has approximately 350m of mine tunnels over three levels. The mine is exceeding expectations with high margin veins easily distinguished and exploited for processing. Tara continues to work with established consultants and consulting firms to enhance operations with a focus on improving recoveries from the various combinations of sulfide and oxide material from the expanding mine. Work to expand plant capacity from 240 tonnes per day to 360 tonnes per day is also progressing.

Mr. Francis Biscan Jr., President of Tara Minerals Corp., commented, "The value of the Don Roman asset continues to grow. With additional targets frequently being discovered outside of the main mine area, we are now envisioning Don Roman becoming a regional production project."

About Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3)

Website: www.TaraMinerals.com
Francis Biscan Jr.
Phone: (630) 752-4447

Tara Minerals Subsidiary Adit Resources Identifies New Gold Bearing Veins at Picacho

Mon, 21 Jun 2010 09:00:00 -0400

CHICAGO, IL -- (MARKET WIRE) -- 06/21/10 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3) is pleased to announce the discovery of additional gold-bearing veins at the Picacho prospect of its subsidiary, Adit Resources Corp. The discoveries consist of a new vein system parallel to the previously drilled Picacho Vein target, two new veins in the Dos Amigos target, and two new parallel veins in the No Name target. Initial sampling has identified areas grading more than our targeted future production grade of 5 grams of gold per tonne and the identification of parallel veins is ideal for a scenario of mining multiple veins from common underground accesses. A total of nine gold-bearing veins have now been identified with an aggregate strike length of over 10.8 kilometers. Previous drilling has been conducted only along the Picacho Vein.

With the addition of 2.3 kilometers in new veins, the aggregate strike length of the Picacho prospect has increased from 8.5 kilometers to 10.8 kilometers over four mineralized target areas -- the Picacho Vein, Dos Amigos, Basaitegui, and No Name. The near term plan is to aggressively core drill the Picacho Vein where previous drilling results included true width intercepts of 11.3 meters of 15.6 gpt-gold and 9.4 meters of 7.8 gpt-gold. Simultaneously, detailed surface evaluation (mapping, geochemical sampling, trenching) of the other three areas will be conducted to identify targets for a reverse circulation drill campaign later in the year.

The property is being re-surveyed to an accuracy of one meter. This enables Adit to get all of the previous data into a three-dimensional database and greatly enhances geologic mapping. Initial results of current efforts are summarized below.

Mr. Robert Wheatley, President of Adit Resources Corp., commented, "The dedicated efforts of our experienced and motivated geologists are already paying off with the identification of additional veins. I would like to thank our geologists and local technicians for their efforts. The potential of the Picacho property continues to grow. We are now planning a drill program, with initial focus on the Picacho Vein target area, which will begin to unlock this potential for the benefit of our shareholders."

Picacho Vein Target Area

In order to test for potential near-surface open pit potential, surface channel sampling was completed in the central portion of the Picacho Vein above old mine workings. These results returned 15 meters averaging 1.46 gpt-gold and 6 meters averaging 0.92 gpt-gold. These encouraging results justify further advancement with more detailed channel sampling and future shallow drilling.

Geologic reconnaissance identified a new mineralized target consisting of veins, stockworks, and breccias along a 1.3 kilometer structure that is 200-250 meters south of and parallel to the Picacho Vein. The western, highest elevation portion of the zone displays textures indicative of the highest levels of a vein system as well as parallel mafic dikes correlative with the dikes seen in the productive portions of the Picacho Vein; a dump grab sample contained 1.25 gpt-gold. On the eastern portion (130 meter lower elevation) samples up to 1.8 meters grading 3.54 gpt-gold were obtained.

Preliminary work on the western end of the mined portion of the Picacho Vein indicates a northeast trending, 50-100 meter offset. Veinlets along this zone returned anomalous gold values.

Dos Amigos Target Area

Reconnaissance and topographic mapping reveals that the area between the previously mapped two parallel veins contains at least two more veins totaling at least 200 meters of strike length. Sampling of these well banded chalcedony veins is being initiated. There has been no known previous drilling in this area.

Basaitegui Target Area

Reconnaissance along the Basaitegui Vein has extended the strike length by at least 150 meters. A 1.2 meter channel sample returned 43.5 gpt-gold. Quartz replacing calcite is common in the area. There has been no known previous drilling in this area.

Sin Nombre (No Name) Target Area

Reconnaissance mapping and sampling reveals there are at least three parallel veins instead of just two veins as previously mapped. Thirty-eight samples collected average 2.86 gpt-gold with values up to 1.9 meters of 10.05 gpt-gold. Over 800 meters of additional vein strike length were identified. There has been no known previous drilling in this area.

About Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3)

About Adit Resources Corp.

Adit Resources Corp. is a growth-oriented precious metals exploration and development company with an objective to become a significant precious metals producer by exploring, developing, and reinitiating production at the Picacho project in México and other North American exploration/advanced-stage projects.

Website: www.TaraMinerals.com
Francis Biscan Jr.
Phone: (630) 752-4447

Tara Minerals Appoints Mr. David Bizzaro as Chief Financial Officer

Mon, 17 May 2010 09:30:00 -0400

CHICAGO, IL -- (MARKET WIRE) -- 05/17/10 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3) is pleased to announce the appointment of Mr. David A. Bizzaro as the new Chief Financial Officer ("CFO") of the Company, effective immediately. Mr. Clifford A. Brown, the outgoing CFO, will now be employed as Controller of US operations.

Mr. Bizzaro has also been appointed as the CFO for Adit Resources Corp., a subsidiary of Tara Minerals. David is currently the Founder and Managing Partner of The IFC Group which provides outsourced international controllership services to middle market companies.

"We are very pleased to welcome David to the Company. David will help to drive controls and efficiencies, which will ensure a strong foundation for the Company's prospects for sustained growth," said Mr. Francis Biscan Jr., President of Tara Minerals Corp.

David has 20 years of hands on operational finance experience helping start-up and Fortune 500 companies drive profitable growth across international markets. A highly skilled international finance professional, David has led finance organizations in the U.S., Asia, Europe and Latin America at world-class multinational companies including NCR, Sprint/Global One, CIENA, AVAYA and ICT Group. As Founder and Managing Partner of The IFC Group, David and his team provide outsourced international controllership services to middle market companies expanding overseas. Previously, he served as Vice President of International Operations at High Street Partners, a global professional services firm where he headed up the firm's Advisory Service Practice and expanded HSP's footprint across Asia, Europe and Latin America. Prior to joining High Street Partners, David served as the Sr. Vice President of International Finance at ICT Group, a $500 million publicly traded leader in the outsourced call center and BPO space. Before that, David was based in Hong Kong as the Asia Pac CFO for CIENA Corporation. Earlier in his career he spent five years in Europe with NCR Corporation where he held key operational finance roles in Spain and the Netherlands. David also gained valuable Latin America experience with Sprint/Global One, where he served as Regional Controller for the Americas Division. Having lived and traveled extensively throughout Asia, Europe and Latin America, David is fluent in Spanish and French and has a working knowledge of Mandarin and Portuguese. A Certified Management Accountant (CMA), he holds a Masters of International Business Studies (MIBS) from the University of South Carolina and a B.A. in Economics and Spanish from Beloit College. David currently resides in the New York metropolitan area.

About Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3)

About Adit Resources Corp.

Website: www.TaraMinerals.com
Francis Biscan Jr.
Phone: (630) 752-4447

Tara Minerals Subsidiary Adit Resources Completes Picacho Acquisition

Thu, 01 Apr 2010 09:00:00 -0400

CHICAGO, IL -- (MARKET WIRE) -- 04/01/10 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce the purchase of the gold/silver Picacho project through its subsidiary, Adit Resources.

Under the original terms of the Agreement, Adit had the right to acquire a 100% interest in Picacho by making payments totaling $4,800,000, plus value-added tax of $720,000. An initial payment of $575,000 had already been made. The remainder of the purchase price was payable in varying installments with a final payment of $3,507,500 due in 2012.

Under the revised Agreement, Adit paid the vendor $500,000 (plus applicable taxes); and issued the vendor 320,000 shares of Adit's common stock, which was valued at $2.50 per share; and issued the vendor 437,500 shares of Tara Minerals common stock, which was valued at $4.00 per share.

Adit will pay for the shares issued by Tara Minerals by means of a convertible note. Terms of the note will provide for conversion, at the option of Tara Minerals, of the full amount plus interest at $1.00 per Adit share, if the note plus interest is not repaid by July 1, 2010.

Tara Minerals owns 90% of Adit Resources Corp., a private subsidiary. Targets at Picacho consist of four multi-stage gold/silver bearing veins and breccias totaling a length of over 8 1/2 kilometers. Past drilling intercepted 11.28 meters true thickness, grading 15.57 grams per tonne gold and 32.4 grams per tonne silver within a 150 meter wide ore-shoot. Exploration efforts at Picacho are ongoing.

Mr. Robert Wheatley, President of Adit Resources Corp., commented, "Having mined Picacho in the past, the vendor is very familiar with its potential and wanted to participate in its future success. We now own full title to the concessions and will proceed with an aggressive program to unlock its potential."

About Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3)

About Adit Resources Corp.

Adit Resources Corp. is a growth-oriented precious metals exploration and development company with an objective to become a significant precious metals producer by exploring, developing, and reinitiating production at the Picacho project in Mexico and other North American exploration/advanced-stage projects.

Websites: www.TaraMinerals.com, www.AditResources.com
Francis Biscan Jr.
Phone: (630) 462-2079

Tara Minerals CEO to Be Interviewed by VoiceAmerica Talk Radio Network

Tue, 30 Mar 2010 09:43:00 -0400

CHICAGO, IL -- (MARKET WIRE) -- 03/30/10 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce that in connection with Tara Minerals' successful transition to a producer, Chairman & CEO Mr. Francis Biscan Jr. is being interviewed on Jay Taylor's "Turning Hard Times into Good Times" radio show on the VoiceAmerica Talk Radio Network today at 3:00 EDT. The live interview will be available at the following web address.

http://www.voiceamerica.com/voiceamerica/vshow.aspx?sid=1501

The Don Roman mill is currently expanding its silver, zinc, and lead production to 360 tonnes per day. The expansion is on schedule to be completed within weeks. The installation of a dryer is also nearing completion to neutralize the potential of any weather related disruptions to shipments. Engineering design work to advance the San Felipe gold & silver structure into production is ongoing. Exploration work continues to expand the size of the new silver/zinc/lead vein and new targets continue to be identified. In addition, Tara Minerals' 90% owned subsidiary, Adit Resources Corp., recently raised $1.5 million towards the exploration of 1+ million ounce Picacho gold & silver target.

About Tara Minerals Corp.

Tara Minerals Corp. 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.

Website: www.TaraMinerals.com
Francis Biscan Jr.
Phone: (630) 462-2079

Tara Minerals Subsidiary Adit Resources Completes Initial Private Offering

Tue, 23 Mar 2010 09:15:00 -0400

CHICAGO, IL -- (MARKET WIRE) -- 03/23/10 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce the completion of Adit's $1.5 million initial private equity financing. Adit Resources Corp. now has 22,150,400 shares outstanding with Tara Minerals Corp. owning 20,000,000 shares. The funds are being used to initiate exploration efforts at the Picacho project in Mexico.

Adit is also pleased to announce that Peter Mejstrick has been appointed Chief Geologist. Peter brings more than 30 years' experience in precious metal exploration and mining to Adit. Peter's primary responsibilities will be the identification and evaluation of acquisition opportunities and the on-site management of all phases of property exploration and development.

Peter previously has served as a senior geologist with Meridian Gold and Echo Bay Exploration on properties throughout the western US and Alaska, and for Royal Gold in Milos, Greece. Prior to that, he was President of Earthworks, Inc., a generative exploration group that acquired, advanced and leased properties in the northwestern US and was similarly employed as a generative geologist for Placer Dome and FMC Gold. Peter also is versed in permitting and environmental compliance issues with State and Federal agencies. He has a B.A. degree from Bowdoin College, an M.S. in geology from the University of Montana, and has completed post-graduate work at the University of British Columbia.

Mr. Robert Wheatley, President of Adit Resources Corp., commented, "It is my great pleasure to welcome Peter to the Adit team. Peter's geological experience and technical abilities interface effectively with Adit's aggressive growth plans. Peter is accomplished at bringing a property from the initial exploration stages through the later development stages by applying all the necessary geologic disciplines and knowledge that this process requires."

About Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3)

About Adit Resources Corp.

Adit Resources Corp. is a growth-oriented precious metals exploration and development company with an objective to become a significant precious metals producer by exploring, developing, and reinitiating production at the Picacho project in Mexico and other North American exploration/advanced-stage projects.

Websites: www.TaraMinerals.com
Francis Biscan Jr.
Phone: (630) 462-2079

Tara Minerals Announces Production Decision From Its San Felipe Gold & Silver Project

Tue, 23 Feb 2010 09:00:00 -0500

CHICAGO, IL -- (MARKET WIRE) -- 02/23/10 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce the decision to advance the San Felipe Gold & Silver structure into production. Tara has commenced a mine development plan and is enhancing the current mill design to incorporate the production of Gold and Silver concentrates.

To date, approximately 800 tonnes of material has been mined from San Felipe. Based on metal recovery test work performed on some of this material, the company has decided to modify its Phase One development plan to include production from the San Felipe structure.

The Don Roman mill is currently processing Silver, Zinc, and Lead at the rate of 240 tonnes per day. This production rate will be expanded to 360 tonnes per day by commissioning into operation the installed third circuit. Originally, the completion of Phase One called for installing a fourth 120 tonne per day circuit for processing additional Silver, Zinc, and Lead. Under the enhanced plan, a stand-alone circuit capable of processing 300 tonnes per day of Gold and Silver material will instead be installed. Once Phase One is completed, total plant production capacity will be 660 tonnes per day.

The mine and mill design engineering work, and estimation of project costs, has been initiated. The mine design includes developing the capability to produce a minimum of 300 tonnes per day from three levels. The expansion projects are anticipated to begin April 1, 2010 and completed within nine months. Processing and sale of the Silver, Zinc, and Lead concentrate will continue through this expansion.

Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, "With the strong economics of the San Felipe Gold and Silver vein and the strategic location of this structure to our existing plant, we expect to achieve an expeditious return on investment. With the development of San Felipe, we will add to the diversity of metals produced, add substantial cash flow beyond our original expectations, and give our shareholders leverage to the Gold price."

San Felipe is a Gold and Silver quartz vein located 1.5 km 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.

About Tara Minerals Corp.

Website: www.TaraMinerals.comFrancis Biscan Jr.
Phone: (630) 462-2079

Tara Minerals Announces Additional Results From New Vein - 919 g/t Silver, 29.65% Zinc, and 14.1% Lead

Tue, 26 Jan 2010 09:00:00 -0500

CHICAGO, IL -- (MARKET WIRE) -- 01/26/10 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce additional results from the new Silver, Zinc, and Lead vein discovery at its flagship Don Roman mine in Mexico. Channel samples across an additional 2 meters of the exposed portion of the vein returned 919 grams per tonne Silver, 29.65% Zinc, and 14.1% Lead.

To date, more than 8 meters of the vein width has been exposed (see news release dated January 21, 2010) with work ongoing to identify the hanging wall and footwall edges. Tara Minerals continues to drift towards the new vein structure from existing mine tunnels with the goal of adding this material into the current mining plan.

Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, "Results to date are extremely encouraging and efforts to identify the hanging wall and footwall edges are continuing. Results of these ongoing efforts will be announced at the appropriate time."

About Tara Minerals Corp.

Website: www.TaraMinerals.comFrancis Biscan Jr.
Phone: (630) 462-2079

Tara Minerals Discovers New Vein Grading 622 g/t Silver, 26.02% Zinc, and 9.56% Lead

Thu, 21 Jan 2010 09:00:00 -0500

CHICAGO, IL -- (MARKET WIRE) -- 01/21/10 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3), a subsidiary of Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to announce that a new area of mineralization has been discovered at its flagship Don Roman mine in Mexico. The new exposed area is located 10 meters to the right of Don Roman Portal #1. Channel samples across the exposed portion of the vein returned 622 grams per tonne Silver, 26.02% Zinc, and 9.56% Lead.

The new structure was discovered while cutting a new road that was intending to give ore production access to Portal #1. To date, more than 8 meters of the vein width has been exposed, with 5 meters being represented by the above assay results. Work is ongoing to identify the hanging wall and footwall edges, but the structure appears to be vertical in nature with a 55-60 degree angle. Tara Minerals is also currently drifting towards the new vein structure from existing mine tunnels. Further assays are pending and will be announced at the appropriate time.

Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated, "Don Roman continues to produce significant surprises that enhance the overall value of our project. Further delineation of this new structure will continue, with the goal of adding this material into the current mining plan as soon as possible."

About Tara Minerals Corp.

Website: www.TaraMinerals.com

Contact:
Francis Biscan Jr.
Phone: (630) 462-2079