July 11, 2008
Tao Minerals Updates Website to Include Information About the El Colmillo Gold Mine Project
Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to announce that its website has been updated to reflect the company's current near-term focus on the El Colmillo Gold Mine, the upgrade of which will begin momentarily. A key element of the website update is a detailed description of the geology and mineralization of the large, 296 hectares (well over one square mile) in size, El Colmillo concession. A brief excerpt of the complete description found on the website stipulates that the El Colmillo mineralized zone includes 3 defined vein structures, known to extend for a minimum of 300 meters by virtue of their appearance in existing tunnels, with a strong potential of their continuation for an additional 1.2 kilometers within the concession area.
Another excerpt explains that, historically, production ore grades at El Colmillo (head grades) have varied between 10 and 50 grams/ton gold, with zones of enrichment up to 250 grams/ton gold. If only the two main veins are considered, it is estimated that an economically quite significant amount of low extraction cost gold can be produced from El Colmillo. If the 3rd vein and the probability of the existence of additional sub parallel veins are considered, the gross amount of extractable gold could be even more substantial.Also new to the website are a series of current photographs showing the existing, low tech/pre upgrade, workings at El Colmillo, plus a view of one of the exposed vein structures. Photos of the workings include the entrance of the main tunnel and an aerial view of the existing recovery plant.
Jim Sikora, President of Tao Minerals, Ltd., had this to say about the website updates, "The inclusion of information about El Colmillo on the company website marks another step in the process, which is building momentum, to achieve the near-term conversion of that property into a highly productive and profitable, modern gold mine. We are excited about the potential for this project's rapid progress going forward and will be issuing more reports detailing our advances in the weeks ahead."
The much more detailed full description of the geology and mineralization of El Colmillo may be viewed in its entirety at Tao Minerals' company website: www.taomining.com
About Tao Minerals, Ltd.
Tao Minerals (OTCBB: TAOL) is a junior exploration company based in Medellin, Colombia. Tao is successfully positioning itself as a leader in gold exploration in Colombia through key acquisitions of properties with exceptional potential for low extraction cost deposits. Tao's focus in calendar 2008 is on the upgrading and initiation of operations of its El Colmillo mine, which offers the potential to quickly provide a strong revenue stream, able to fund exploration activities on the estimated high grade gold deposit of its Golondrina property and finance additional acquisitions, while greatly enhancing shareholder value.
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 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. 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 2007 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time to time with the Securities and Exchange Commission.
Contact Info: Shawn Van Damme Tao Minerals Investor Relations 1-877-512-1120 [email protected]www.Taomining.com Or Mark Cohen CEO Cohen Consulting 718-428-7651 Email: [email protected]www.cohenconsultingIR.com
SOURCE: Tao Minerals Ltd.