Dallas, Texas (December 22, 2011) – StockGuru Shines its Spotlight on Tao Minerals Ltd. (TAO) (OTCBB: TAON). The Company provided yesterday their corporate review of 2011. During the first quarter of 2011 Tao commenced a four stage geophysical review of the Mutata property, a prospective gold and platinum project in Colombia. The project is located approximately 200 kilometers north of Medellin in the northwest region of the Antioquia Department known as Uraba. Collectively the concession covers an area of over 4,900 hectares and preliminary reports conducted by geologists from the Colombia Institute of Geology and Mining known as Ingeominas have reported the presence of gold and platinum on the concession as well as copper in some areas. The Company closed on December 21, 2011, at $0.355, up 69 percent and trading in a fifty-two week range of $13.00 – 0.16.
Coinciding with the geophysical review, Britanico Security Group (Britanico) performed a full security review of the Mutata project as well as investigating the overall security climate in the Uraba region. Britanico notified Tao that the physical review was completed and their investigations overall were positive. In the second quarter, Tao completed an extensive sampling program on the Mutata and two newly discovered mineralized zones showed mixed vein and sulphide materials. Panned concentrates from both vein and alluvial material showed fine to medium gold as well as visible platinum. The Mutata gold and platinum property presents an excellent low cost opportunity for Tao’s goal of assembling a high quality portfolio of Colombian mineral properties.
On July 6, 2011, Tao was pleased to announce the signing of a Letter of Intent (LOI) to acquire the Las Aquadas property from Bullet Holding Corp. of Medellin, Colombia. Bullet Holding Corp. has been operating in Colombia for over twenty years, and its applications and licenses are located in many of the most productive and potentially most promising regions of Colombia. The Las Aguadas Project consists of five individual concessions located in the Central Cordillera of Colombia, in the department of Caldas. Concessions which are currently or in the process of being included in the Aguadas project have a total approximate area of 38,000 hectares. Preliminary exploration work carried out by Grupo de Bullet in 2011 detailed the geology and possible mineralization within the project. This work has only focused on two of the five concessions whose combined area is 9813 hectares.
Tao management and senior geologists completed their review of the available data on the Aguadas Gold Project and prepared a twelve month exploration and development program of securing contractors to provide satellite imagery as well as magnetometer/radiometrics airborne geophysical surveys on the project. The sampling program consisted of 16 rock samples and 89 stream sediment samples at various locations within the Sonson Batholith Formation to identify prospective targets for further exploration. The results of the stream sediment and rock chip sampling programs identified various anomalous zones that are prospective areas upon which to focus detailed exploration. The stream sediment sampling showed anomalies for gold, silver, barium, manganese and zinc from the 89 samples, with similar positive results seen in the 16 rock chip samples. These results indicate the existence of polymetallic veins and/or deposits of sulphide complexes. In addition, the presence of local people panning the gold placers in the area is a strong indicator of the existence of gold mineralization in the area of interest. Most recently, Tao announced that satellite imagery of the Las Aquadas project has suggested that there is a major trend of iron oxide-clay minerals and manganese suggesting hydrothermal activity. Bain has recommended that Tao run a detailed airborne magnetic and radiometric survey over six areas within the original set of claims where the alteration appears to be strongest. Results of the survey will be followed by a program of geological prospecting, sampling and ground geophysics consisting of detailed magnetics and 3D induced polarization/resistivity is planned to further delineate the conductive zones and identify possible sulphide mineralization. Sulphide minerals are often associated with anomalous gold mineralization.
Tao Minerals Ltd. is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich, yet highly underdeveloped gold deposits of Colombia doing so in a socially and environmentally responsible manner. As a corporation, Tao has firmly established itself in Colombia over the past five years, becoming fully adept with the legal and political processes required and hiring highly qualified personnel in the geological, legal and security professions. Arriving early to the boom in the expansion of natural resource development in Colombia Tao has firmly established itself in Colombia.
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. Such forward-looking statements include, among other things, the expectation of low cost opportunity, the final terms of the acquisition and the gold production of the property to be acquired.
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 2010 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
James A. Sikora, President & CEO
Tao Minerals Ltd.
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