Tara Gold is currently producing gold and silver from La Currita and expects production start-up from Picacho and Lluvia de Oro during the first half of 2008. Tara offers investors excellent value and exposure to growth with a diversified portfolio of both precious metals (through Tara Gold) and base metals (through 82% ownership of Tara Minerals Corp. Tara Gold signed an agreement with Columbia Metals Corporation, whereby Columbia can acquire 100% interest, subject to Tara’s ongoing 20% Net Cash Flow interest from any revenue generated from the processing plant, by making payments totaling $4,337,500, and issuing 1,000,000 shares to Tara Gold. 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, Las Minitas and Curcurpe projects in Mexico. read more

Filed in: Cash Advance Type