StockGuru Blog: Important news is out on Tao Minerals (OTCBB: TAOL) – Tao Minerals Inc. Announcing Initial Results from Work Program on Colombian Property
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Tao Minerals, Ltd. (OTCBB: TAOL)
Tao Minerals Inc. Announcing Initial Results from Work Program on Colombian Property
MEDELLIN, Colombia–April 27, 2006–Tao Minerals Ltd. (”Tao Minerals”) (OTCBB: TAOL): Mr. James A. Sikora, President of Tao Minerals, is pleased to announce initial results from the work program on its 100%-owned (via option) Golondrina gold and silver property in the mining district of Pasto, in the southwest part of the state of Colombia.
The initial Phase 1 program consisted of select surface samples of vein material from the property. A total of 114 samples were selected under the direction of Carlos Alberto Vera, Consulting Field Geologist on the Golondrina exploration program. This initial sampling program has produced gold assay results averaging 2.08 g/tonne with a minimum of 0.001 g/tonne and a maximum grade of 8.323 g/tonne.
Gold mineralization on the Golondrina property occurs in a series of sub-horizontal dipping (0 to 25 degrees) veins ranging from 5 to 50 cm in width. The veins are sub-parallel and “stacked” approximately 2 m apart. The gold mineralization is associated with milky white quartz veins which contain disseminated sulphides. These sulphides include pyrite, chalcopyrite (copper) and galena (lead). Most of the veins are located along the contact between the tonalite/quartz diorite intrusions and enclosing quartzites. A series of these subparallel veins have been traced vertically for 200 m.
Mr. Sikora states, “We are very pleased with the initial set of results. A follow-up trenching program is presently underway. Although assay results are not complete on this work, a visual examination of the vein material exposed is very encouraging.”
The content of this release has been reviewed and verified by the Company’s geological staff (which includes) Duncan Bain, P.Geo., a “Qualified Person” for the purpose of NI 43-101, Standards of Disclosure for Mineral Projects and field geologist Carlos Alberto Vera. Mr. Vera graduated from the National University in Medellin, Colombia, and received his Bachelor of Geology Engineer Degree in 1987. Mr. Vera also holds a Masters degree in Earth Sciences from the Eafit University in Medellin, Colombia. Mr. Vera has practised continuously as a mining geologist engaged in exploration and development of Colombian mining properties from 1987 until the present.
Mr. James A. Sikora, and the board of Tao Minerals Inc. are pleased to have access to the depth of geological experience provided by Mr. Duncan Bain, and Mr. Carlos Alberto Vera.
Notice Regarding Forward Looking Statements
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the results from the surface samples of the initial Phase 1 program on the Golondrina property, the follow-up trenching program and the assay results that may be obtained.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the last reported fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
For additional information on Tao Minerals and its projects, please visit us at www.taominerals.com
Tao Minerals Inc.
James A. Sikora, 780-669-1456
Oficina 501 Colmena
Carrerra 43A No1A Sur 29
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