Message #6 From:
Stock News Bot Date: September 19, 2006 06:00:00 AM
TAOL News Tao Minerals Ltd. Reports High Grade Gold Values From Exploratory Tunnels TG-01 & TG-02 on Golondrina Project, Colombia
MEDELLIN, Colombia--(BUSINESS WIRE)--Sept. 19, 2006--Tao Minerals Ltd. ("Tao") (OTCBB:TAOL) reports today that it has received results from its geological team on the Golondrina project. The results range from 15 to 80 grams per tonne Au in two exploratory tunnels it has excavated on its Golondrina project in southern Colombia.
Tao excavated two exploratory tunnels nominated TG-01 and TG-02 with the intention of verifying the continuity of the multiple veins exposed from its surface trenching program.
TG-01 tunnel is located in Zone 1, where two mineralized veins have been cut oriented N75 degrees E/25 degrees SE and N75 degrees E/25 degrees NW spaced at one meter. The veins yielded average grades of 15 and 20 grams per tonne Au respectively. The tunnel is currently 7 meters in length.
TG-02 tunnel is located in Zone 2 and has cut six veinlets with thicknesses of 2-5 cm, N60W-85 degrees W/15-25 degrees NE with average grades of production of 80 grams per tonne spaced at two meters. The excavated length of the tunnel was 20 meters at the time of testing.
"We are very encouraged by these results from the Golondrina trenching program," commented Jim Sikora, President of Tao Minerals. "The results continue to show the consistent high grade gold values present throughout this project. The trenching and tunneling program continue to outline the targets for Tao's upcoming drill program and further test results will be reported as they become available."
Tao Minerals Ltd. is a gold exploration company focused on acquiring and developing mining properties in Colombia. The company has acquired and begun sampling at its Golondrina gold and silver property where final results from a recent trenching program indicate multiple high grade gold values up to 72.87 grams per tonne. Tao Minerals in the final stages of acquiring two additional gold mining projects in southwestern Colombia with world-class potential. These acquisitions are intended to complement the company's Golondrina project and would allow for a large-scale processing plant in the area.
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 exploration results, any further results from our trenching and tunneling program and any upcoming drill program, any statements regarding beliefs, plans, expectations or intentions regarding the future. 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 further information, please contact:
James Sikora, President, Tao Minerals
Oficina 618 Ventura Mall
Carrerra 32 No1B Sur 51
Medellin, Colombia
