September 01, 2012 04:15 pm
The development plan as outlined by the company also shows the tremendous potential and where this company is now and is going.
An portion and sample of the whole:
"07/18/12 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3) is pleased to announce that work is under way to develop a district wide production plan. Tara currently has 100% ownership in over 25,770 acres in the Don Roman district. The first district project to reach commercial production is expected to be the Champinon iron ore property. The cash flow from this initial 2012 production project will be leveraged to mine the known gold, silver, zinc and lead veins within the district."
"Steve Eady, Chief Geologist at Tara Minerals, commented, "I have been in mining since 1973 and have worked in some large-scale mining projects around the world. It is intellectually stimulating to work within a district of this size and geological potential. I joined Tara because I believe I can assemble the puzzle, from the known pieces, that make up this district. In addition to the iron ore structures, Tara has already discovered more than 30 distinct gold/silver/zinc/lead/copper structures, within 8 km diameter of the mill. We will use any near-term production cash flow, and the knowledge, from the known mineralization to track backwards to find the larger bodies that surely exist. Iron ore production from Champinon is only the first step in this journey. I am looking forward to leveraging the resources that Champinon will make available to us. The appealing part of Tara's development strategy is that with cash flow derived from these known puzzle pieces, we can minimize dilution while we continue to learn more about what the district is hiding!"