Tara Gold Resources Corp. (PINKSHEETS: TRGD) and (FRANKFURT: T8N) is pleased to release the most recently reported assays from its ongoing drill program at the San Miguel Project near Temoris, Chihuahua, Mexico. Significant intercepts include 213 g/t silver across 13.8 meters and 133.4 g/t silver across 44.85 meters. In August, 2005, Tara Gold Resources signed an agreement with Paramount Gold Mining Corp. giving Paramount the right to earn up to a 70% interest in the project by spending US$2.5 million, delivering 700,000 shares, and making various payments to Tara Gold.
Paramount Gold is the operator of the project and manages the drilling. The most recent results received are from the first nine step-out drill holes completed in the San Antonio area that is just north of the San Luis zone. These holes extend the drill tested zone approximately 800 meters in that direction.
These are the first drill holes north of the San Luis zone where discovery hole (SL-02, 4.0 meters of 35.5 g/t gold and 17.0 g/t silver) was reported August 2nd 2006 and represent an important discovery of a northerly continuation of the silver/gold zone identified on surface.
Drill hole SA-01 hit three separate intersects of high grade silver, 1.15 meters (28.60 to 29.75) of 346.0 g/t silver and 0.44% zinc, 0.90 meters (36.50 to 37.40) of 643.0 g/t silver and 25.8 meters (47.65 to 73.45) of 194 g/t silver. The three intersects averaged 133.4 g/t silver across 44.85 meters (28.60 to 73.45). SA-05 intersected 13.8 meters (19.8 to 33.6) of 213 g/t silver. Drill hole SA-08 and SA-09 are the furthest step outs to the north thus far, approximately 800 meters north of SL-07 (5.2M of 38.7 g/t silver) and SL-06 (9.0M of 161.4 g/t silver), the two most northerly drill holes in the San Luis area. The best intersect reported at drill hole SA-07 was 2.3 meters of 123 g/t silver with 0.33% lead and 0.48% zinc. SA-08 had 3 significant intersects, the best was 2.5 meters of 212 g/t silver, 0.34% lead and 0.44% zinc.
Bill Reed, Exploration Manager in Mexico for Paramount Gold said, "Six of the nine drill holes at San Antonio have good intersects where we have continued drilling four additional holes and are stepping out farther to the north. More importantly, this has extended the total strike length about 800 meters to the north. Our drill and trench results at La Union, San Jose, San Luis and San Antonio, have now identified a continuous mineralized zone over a considerable length of approximately 3.2 kilometers (3,200 meters) and it remains open in all directions."
San Antonio Zone Highlights
SA-01 cut 44.85 meters from 28.6 to 73.45 meters averaging 133.4 g/t silver including:
1.15 meters from 28.6 to 29.75 meters of 346.0 g/t silver and 0.44%
zinc, and
0.90 meters from 36.50 to 37.40 meters of 643.0 g/t silver ,and
25.8 meters from 47.65 to 73.45 meters of 194 g/t silver
SA-03 cut 3.5 meters from 48.5 to 52.0 meters of 135.0 g/t silver with 0.16% zinc SA-05 cut 13.8 meters from 19.8 to 33.6 meters of 213 g/t silver with 0.20% zinc SA-07 cut 2.3 meters from 93.7 to 96.0 meters of 123 g/t silver with 0.33% lead and 0.48% zinc and 4.8 meters form 86.7 to 91.5 meters of 78 g/t silver with 0.30% lead and 0.53% zinc SA-08 cut 2.5 meters from 14.0 to 16.5 meters of 212 g/t silver with 0.34% lead and 0.44% zinc and 12.8 meters from 66.5 to 79.3 meters of 84 g/t silver with 0.38% lead and 0.78% zinc and 5.1 meters from 91.2 to 96.3 meters of 107 g/t silver with 0.35% lead and 0.90% zinc SA-09 cut 6.1 meters from 21.6 to 27.7 meters of 149 g/t silver with 0.20% lead and 0.28% zinc and 10.1 meters from 40.9 to 51.0 meters of 94 g/t silver with 0.18% lead and 0.28% zinc and 5.7 meters from 93.2 to 98.9 meters of 152 g/t silver with 0.32% lead and 0.69% zinc
Drill Hole Locations
A drill hole and trench location map can be found at Paramount's web site www.paramountgold.com.
SA-05 is a step out of approximately 330 meters to the north of SL-06 (9.0M of 161.4 g/t silver) see Oct 12, 2006 news release. SA-03 steps out a further 105 meters north of SA-05 SA-01 steps out a further 225 meters north of SA-05 SA-07 and SA-08 are approx. 600 meters north of SA-05 and are the northern most holes thus far SA-09 is about 75 meters south of SA-08 SA-06 is about 35 meters west of SA-03 SA-04 is about 80 meters east of SA-03 SA-02 is about 120 meters north-northeast of SA-01
Quality Control Person
Paramount, as the operator, takes detail photos of all the core before it is cut to half core which is assayed at ALS Chemex's Vancouver laboratory. As part of quality assurance, quality control (QAQC), a blank (sterile) sample is submitted every 20th sample. Later, pulps from a number of intervals will be renumbered and pulps from known standards will be inserted between them in numerical order. These will then be submitted for reanalysis. The results will then be compared to the original values reported, and the known values of the inserted standards. Half-core samples have been retained on site for verification and reference purposes.
C.W. (Bill) Reed, B. Sc. Mineralogy, is acting as qualified person, on behalf of the operator Paramount Gold and has prepared the details with respect to this news release.
From Width Gold Silver Gold
Drill Hole (m) To (m) (m) (g/t) (g/t) Equ. Lead % Zinc %
------ ------ ------ ------ ------ ------ ------ ------
SA - 01 28.60 29.75 1.15 0.00 346.00 5.77 0.23 0.44
------ ------ ------ ------ ------ ------ ------ ------
36.50 37.40 0.90 0.00 643.00 10.72 0.08 0.12
------ ------ ------ ------ ------ ------ ------ ------
47.65 73.45 25.80 0.00 194.00 3.23 0.05 0.11
------ ------ ------ ------ ------ ------ ------ ------
73.45 74.90 1.45 0.00 34.00 0.57 0.02 0.14
------ ------ ------ ------ ------ ------ ------ ------
79.40 92.40 13.00 0.00 30.00 0.50 0.18 0.29
------ ------ ------ ------ ------ ------ ------ ------
94.40 97.40 3.00 0.00 30.00 0.50 0.06 0.16
------ ------ ------ ------ ------ ------ ------ ------
104.00 106.00 2.00 0.00 79.00 1.31 0.26 0.24
------ ------ ------ ------ ------ ------ ------ ------
------ ------ ------ ------ ------ ------ ------ ------
Average 28.60 73.45 44.85 0.00 133.37 2.22 0.04 0.08
------ ------ ------ ------ ------ ------ ------ ------
------ ------ ------ ------ ------ ------ ------ ------
SA - 02 0.00 10.40 10.40 0.00 15.00 0.25 0.07 0.25
------ ------ ------ ------ ------ ------ ------ ------
36.00 49.80 13.80 0.00 11.00 0.18 0.05 0.20
------ ------ ------ ------ ------ ------ ------ ------
49.80 72.50 22.70 0.00 34.00 0.57 0.17 0.46
------ ------ ------ ------ ------ ------ ------ ------
72.50 74.80 2.30 0.00 22.00 0.37 0.21 0.51
------ ------ ------ ------ ------ ------ ------ ------
81.00 86.00 5.00 0.00 16.00 0.27 0.16 0.38
------ ------ ------ ------ ------ ------ ------ ------
------ ------ ------ ------ ------ ------ ------ ------
SA - 03 15.60 18.45 2.85 0.00 23.00 0.39 0.07 0.23
------ ------ ------ ------ ------ ------ ------ ------
36.00 41.80 5.80 0.00 29.00 0.48 0.06 0.14
------ ------ ------ ------ ------ ------ ------ ------
48.50 52.00 3.50 0.03 135.00 2.27 0.03 0.16
------ ------ ------ ------ ------ ------ ------ ------
58.00 68.80 10.80 0.00 11.00 0.18 0.02 0.15
------ ------ ------ ------ ------ ------ ------ ------
71.60 75.20 3.60 0.01 37.00 0.62 0.04 0.15
------ ------ ------ ------ ------ ------ ------ ------
------ ------ ------ ------ ------ ------ ------ ------
SA - 04 0.00 10.50 10.50 0.00 21.00 0.34 0.02 0.08
------ ------ ------ ------ ------ ------ ------ ------
39.50 45.50 6.00 0.00 21.00 0.34 0.04 0.13
------ ------ ------ ------ ------ ------ ------ ------
------ ------ ------ ------ ------ ------ ------ ------
SA - 05 7.20 19.80 12.60 0.00 15.00 0.25 0.03 0.11
------ ------ ------ ------ ------ ------ ------ ------
19.80 33.60 13.80 0.01 213.00 3.56 0.09 0.20
------ ------ ------ ------ ------ ------ ------ ------
33.60 40.60 7.00 0.01 15.00 0.25 0.08 0.20
------ ------ ------ ------ ------ ------ ------ ------
52.50 67.80 15.30 0.00 48.00 0.79 0.10 0.48
------ ------ ------ ------ ------ ------ ------ ------
------ ------ ------ ------ ------ ------ ------ ------
SA - 06 34.00 42.70 8.70 0.00 15.00 0.25 0.13 0.32
------ ------ ------ ------ ------ ------ ------ ------
------ ------ ------ ------ ------ ------ ------ ------
SA - 07 31.60 33.60 2.00 0.00 33.00 0.45 0.30 0.25
------ ------ ------ ------ ------ ------ ------ ------
86.70 91.50 4.80 0.00 78.00 1.32 0.30 0.53
------ ------ ------ ------ ------ ------ ------ ------
93.70 96.00 2.30 0.00 123.00 2.06 0.33 0.48
------ ------ ------ ------ ------ ------ ------ ------
118.50 125.90 7.40 0.00 32.00 0.53 0.14 0.43
------ ------ ------ ------ ------ ------ ------ ------
154.30 157.70 3.40 0.00 46.00 0.77 0.09 0.21
------ ------ ------ ------ ------ ------ ------ ------
------ ------ ------ ------ ------ ------ ------ ------
SA - 08 14.00 16.50 2.50 0.00 212.00 3.54 0.34 0.44
------ ------ ------ ------ ------ ------ ------ ------
16.50 27.20 10.70 0.00 16.00 0.26 0.09 0.21
------ ------ ------ ------ ------ ------ ------ ------
60.50 66.50 6.00 0.00 12.00 0.20 0.08 0.26
------ ------ ------ ------ ------ ------ ------ ------
66.50 79.30 12.80 0.00 84.00 1.41 0.38 0.78
------ ------ ------ ------ ------ ------ ------ ------
79.30 91.20 11.90 0.00 16.00 0.27 0.40 0.27
------ ------ ------ ------ ------ ------ ------ ------
91.20 96.30 5.10 0.00 107.00 1.78 0.35 0.90
------ ------ ------ ------ ------ ------ ------ ------
96.30 105.80 9.50 0.00 27.00 0.45 0.50 0.45
------ ------ ------ ------ ------ ------ ------ ------
146.00 160.50 14.50 0.00 33.00 0.55 0.09 0.24
------ ------ ------ ------ ------ ------ ------ ------
160.50 166.00 5.50 0.00 18.00 0.31 0.03 0.10
------ ------ ------ ------ ------ ------ ------ ------
------ ------ ------ ------ ------ ------ ------ ------
Average 66.50 96.30 29.80 0.00 61.00 1.01 0.29 0.65
------ ------ ------ ------ ------ ------ ------ ------
------ ------ ------ ------ ------ ------ ------ ------
SA - 09 0.00 21.60 21.60 0.00 11.00 0.19 0.05 0.16
------ ------ ------ ------ ------ ------ ------ ------
21.60 27.70 6.10 0.00 149.00 2.49 0.20 0.28
------ ------ ------ ------ ------ ------ ------ ------
27.70 40.90 13.20 0.00 24.00 0.40 0.10 0.19
------ ------ ------ ------ ------ ------ ------ ------
40.90 51.00 10.10 0.00 94.00 1.57 0.18 0.28
------ ------ ------ ------ ------ ------ ------ ------
51.00 61.00 10.00 0.00 35.00 0.57 0.09 0.24
------ ------ ------ ------ ------ ------ ------ ------
93.20 98.90 5.70 0.00 152.00 2.53 0.32 0.69
------ ------ ------ ------ ------ ------ ------ ------
102.90 111.00 8.10 0.00 58.00 0.96 0.19 0.34
------ ------ ------ ------ ------ ------ ------ ------
------ ------ ------ ------ ------ ------ ------ ------
Average 21.60 61.00 39.40 0.00 64.00 1.07 0.13 0.24
------ ------ ------ ------ ------ ------ ------ ------
Average 93.20 111.00 17.80 0.00 75.00 1.26 0.21 0.42
------ ------ ------ ------ ------ ------ ------ ------
About San Miguel
San Miguel is currently comprised of 16 concessions covering an estimated 6 kms strike of silver and gold mineralization. It is located in Chihuahua, Mexico and lies in the Guazapares mining district, part of the gold-silver belt of the Sierra Madre Occidental.
About Tara Gold Resources Corp.
Tara Gold Resources Corp. is a growth-oriented precious metals exploration and development company with existing production plants. It is management's objective to become a significant gold and precious metals producer by re-initiating and increasing production levels at La Currita, Lluvia de Oro and Picacho, and developing the San Miguel, La Millionaria, Pilar De Mocoribo and Las Minitas projects in Mexico. We continue to acquire other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world. For more information, please visit the Company's web site at: http://www.TaraGoldResources.com.
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.
Contact
Tara Gold Resources Corp. (PINKSHEETS: TRGD) and (FRANKFURT: T8N)
Website: www.TaraGoldResources.com
E-mail IR: angie@taragoldresources.com
Investor Relations: 630-551-7802