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Written by Emerging Issuer   
Thursday | 05 October 2006
Tara Gold Resources Corporation
Tara Gold Resources Corporation
SYMBOL: (OTC: TRGD)
 
 
Interview with Tara Gold Resources' President, CEO, and Director, Mr. Francis Richard Biscan Jr.
 
Tara Gold Resources Corporation
2921 North Tenaya Way
Las Vegas, NV
89128 United States

Phone: 702-947-4877

http://www.taragoldresources.com
 
 
MANAGEMENT TEAM
 
 

Mr. Francis R. Biscan Jr.
President, CEO and Director


Mr. Clifford A. Brown, CPA
CFO

Mr. Alfonso Sean Saavedra
Director

Michael H. Sandidge
Consulting Geologist

John Lehmann
Consulting Geologist

 
AREA PLAY

Over the last 400 years, an estimated 40 million ounces of gold and 2 billion ounces of silver have been produced from the Sierra Madre Occidental. Recent exploration in the area has defined over 16 million ounces of gold and 555 million ounces of silver (proven, probable, measured and indicated) in 5 projects located near Tara Gold’s properties. These projects are either newly producing or near production.

Palmarejo Silver and Gold Corp.’s Palmarejo Project is located 9 kilometres NW of the La Currita Mine. The Palmarejo Project has an NI 43-101 measured and indicated resource of 9.8 million tonnes grading 1.57 grams of gold and 222 grams of silver per tonne. Palmarejo is exploring immediately adjacent to Tara Gold’s La Currita Concessions.

Gammon Lake Resources Inc. which began production in February 2006 from its Ocampo Project (64 kilometres north of Tara Gold’s projects) expects to produce 136,735 ounces of gold and 4 million ounces of silver at cash costs of $152 per ounce of gold equivalent in its first year. Proven and probable reserves are 2.36 million ounces of gold and 109.8 million ounces of silver with an additional 2.9 million ounces of gold and 133.4 million ounces of silver resources.

Other nearby significant projects include: Minefinders Corporation Ltd.’s Dolores Mine with 1.4 million ounces of gold and 53.2 million ounces of silver; Glamis Gold Ltd.’s El Sauzal Mine (32 kilometres SE of Tara Gold’s projects) with 1.95 million ounces of gold and 2.17 million ounces of silver. Both mines will begin production soon.
COMPANY PROFILE
 
Tara Gold (OTC: TRGD) is a US-based publicly-traded, growth-orientated exploration and development resource company with existing production. Tara is currently focused on growing shareholder value by acquiring historical resources that can quickly be developed into producing mines and which also offer clear potential to expand the mine-able resource. Tara Gold is now positioned to benefit from production cash flow from several projects.

Objectives
Accumulate critical mass of world-class exploration, expansion and production properties through an aggressive acquisition strategy, driven by timely identification of hidden value.
Increase shareholder value by aggressively growing cash flow, expanding existing drilled resources, and drilling new discoveries.

Near Term Goals
Expand Picacho Gold Mine to 1,200 tons per day.
Expand La Currita Mill to process 7,500 tons/month by 2007.
Bring Lluvia de Oro plant back to production status with a goal of 25,000 ounces per/year and aggressively expand the existing resource through exploration.
Complete a technical study on Las Minitas to confirm previous findings.
Aggressively explore San Miguel resource.

 

 
PROJECTS
 
Lluvia de Oro Mine and Processing Plant - High Priority - The Lluvia De Oro Gold Property consists of interest in 4 concessions totaling approximately 589 Hectares. The property is located in the state of Sonora, in northern Mexico. Lluvia de Oro was designed as a large tonnage, low-grade gold operation. The property currently includes one open pit, two heap leach pads and a gold recovery plant. The mine had an anticipated average production rate of 25,000 ounces per/year from an initial reserve of 4.6 million tonnes grading 0.82g Au/t or 121,000 ounces. Exploration drilling delineated an additional higher-grade resource of approximately 4.5 million tonnes grading 0.95g Au/t along the same structure.
Click here to view the Lluvia de Oro Gold Project.

San Miguel Groupings, Including the La Blanca Zone - High Priority - Drill indicated silver resource of 32 MMoz, at a grade of close to 5 ozs/ tonne, within 2 of 16 concessions. Initial indications are that this is part of a 4,000 m continuous mineralization zone. In 1991, a Canadian publicly listed company, drilled 50 RC holes totaling 5,552 meters into the La Blanca silver prospect and outlined a 450 m long by 200 m wide zone. There is excellent potential to upgrade and expand. Detailed positive channel sampling have also been completed on 7 additional concessions. Tara Gold has given Paramount Gold an option to earn 70% interest.
Click here to view the San Miguel Silver Project.

La Currita Groupings - High Priority - Includes 4 mines, a 150 ton/day operating floatation mill and stockpiled ore. Opportunity exists to increase processing capacity and re-start several mines. Tara Gold is currently analyzing the implementation of a capital improvement program to increase revenue generated.
Click here to view the La Currita Project.

La Millonaria Gold and Silver Prospect - Medium Priority - Includes 4 concessions with formerly-producing gold mines. A study of the existing waste dump shows 27,000 tons of an average gold grade of 9.7 g/ton and an average silver grade of 96.7 g/ton. This property has the potential to generate cash flow in a relatively short to intermediate timeframe.
Click here to view the La Millonaria Project.

Picacho Gold Mine is located within the Northern Sierra Madre Gold Belt, 120 kilometers south of the United States Border, in Sonora State, Republic of Mexico. Tara Gold has entered into an Option Agreement with Lateegra Gold Corp. (LRG-TSX.V) (Frankfurt-LTG) whereas Lateegra can acquire up to a 70% interest in the Picacho Gold Mine.
Click here to view the Picacho Gold Mine Project.

Click here to view other projects.
Last Updated ( Tuesday | 13 May 2008 )
 
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