Tao Minerals Ltd. (TAOL.OB) is a mineral exploration company focused on the undeveloped regions of Columbia. The company owns the Golondrina and El Colmillo properties in Columbia, as well as the Whale mine property in the Southwest United States. Tao Minerals is focused on exploring Columbian properties because that area is known to have an abundance of untapped mineral wealth.
Tao Minerals’ El Colmillo mine is a gold-producing property with at least three gold veins already confirmed. This indicates that the property has potential to produce at least 900,000 ounces of gold. Tao expects production at the El Colmillo mine to double every 180 days during the first year. The revenues earned from the El Colmillo mine will be used to expand production, fund further exploration and development, and acquire additional properties.
Tao Minerals has secured a $1 million financing commitment to be used for general corporate purposes. The company intends to utilize the funds to accelerate exploration of properties they already own and to acquire more gold and silver properties as well. Tao is in good position for success due to record high gold prices and demand in combination with the strong potential of their untapped Columbian properties.
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