Here is a start of news as T ara Minerals moves closer to first revenue producti
posted on Jul 01, 2009 08:52AM
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Standard & Poor's Initiates Factual Stock Report Coverage on Tara Minerals Corp.
Ticker Symbol: U:TARM
NEW YORK -- (Business Wire) --
Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on Tara Minerals Corp.
Tara Minerals Corp. (OTC:TARM), in the exploration stage as of March 31, 2009, engages in the acquisition, exploration and development of mineral resource properties in Mexico. As of March 31, 2009, it had a 100% interest in several mining properties, all located approximately 25 kilometers from the town of Choix, Sinaloa State, Mexico. Tara Minerals believes that each of these properties has deposits of silver, copper, lead or zinc. All of the properties are in the exploratory state.
The company's properties include the Don Roman and Lourdes concession, the Pilar de Mocoribo prospect, the Las Nuvias concession, and the Centenario prospect. Tara Minerals is focused on bringing its Don Roman and Lourdes property, a zinc, lead and silver project, into production. The Don Roman and Lourdes concession is 331 hectares in size. Preliminary evaluation of the property identified an abandoned mine and extensive sulfide mineralization within a complex suite of volcanic-granitic and sedimentary rocks. Detailed surface sampling and road construction have been completed.
The Pilar de Mocoribo prospect is 1,260 hectares in size. Preliminary evaluation of the property has identified a series of parallel NE trending mineralized structures that can be traced for more than 300 meters.
The Las Nuvias prospect is 41 hectares in size. Preliminary evaluation of the property has identified an abandoned prospect with historic vein-type mineralization occurring within an older complex suite of volcanic-granitic and sedimentary rocks.
The Centenario prospect is approximately 7,000 hectares in size and is adjacent to the company's other mineral claims. Preliminary evaluation of the property has indicated the potential for five separate mineral systems each having varying mineral characteristics. Initial sampling has indicated the potential for two lead/zinc/silver systems, two gold/copper systems, and one iron ore/gold/copper system.
This report will also be accessible on an ongoing basis to the investment community ---- scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.
About Standard & Poor's Factual Stock Reports
This Standard & Poor’s service provides factual research coverage enabling information about Tara Minerals, Corp. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor’s. Standard & Poor’s Factual Report research has no access to non-public information received by other units of Standard & Poor’s. Standard & Poor’s does not trade on its own account.
Note:All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P’s STARS research) are eligible to obtain this coverage.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
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Tara Minerals Corp.:
Francis R. Biscan, Jr., 630-462-2079
Standard & Poor's:
Richard Albanese, 212-438-3647
Michael Privitera, 212-438-6679