CHICAGO, Oct. 24, 2007 (PRIME NEWSWIRE) -- Tara Gold Resources Corp. (Pink Sheets:TRGD) (Frankfurt:T8N) is pleased to announce that three adits in the North Zone have successfully intersected the gold and silver bearing Sulema vein as far as 450 metres along strike beyond the area previously explored by underground drifts. Chip sampling within the South Zone has also identified continuation of gold and silver values along the strike of the Sulema vein 200 metres beyond the area of previous underground mining. This work confirms that the Sulema vein strike length is at least 1,050 metres long.
The La Currita gold and silver project is located in Temoris, Mexico. In May of 2007, Tara Gold signed an Option Agreement with Raven Gold Corp. giving Raven the option to earn up to 60% interest in the La Currita Groupings by making certain payments to Tara Gold, issuing 1,500,000 shares, making all remaining property payments, which have been made, and spending a minimum of $4.25 million over 30 months.
Raven has informed Tara that preparations are being made to embark on a 10-hole, 2,500 metre long Phase I surface diamond drilling program and a 30-hole, 1,000 metre long underground drilling program. Depending on the results, a Phase II program is contemplated.
David Petersen, P. Eng. has acted as the qualified person, on behalf of Raven Gold Corp., as identified by National Instrument 43-101, and reviewed and verified the technical content as reported by Raven.
About La Currita
The La Currita Groupings includes 4 mines, a 300 ton/day operating floatation mill. The La Currita mine was in steady production from 1983 until 1998. A diamond drilling exploration program conducted in 1998 indicated grades of 2.59 g/t Au and 200 g/t Ag. Existing mines and mineralized structures hold potential to increase the mineralized zone through systematic exploration. The area surrounding La Currita has numerous mines and recent substantial discoveries. Adjacent to the La Currita holdings, Palmarejo recently merged with Coeur d'Alene Mines Corporation and Bolnisi Gold NL, in a transaction valued at approximately US$1.1 billion, creating the world's leading primary silver producer.
About Tara Gold Resources Corp.
Tara Gold Resources Corp. is a growth-oriented precious metals exploration and development company with existing production plants. It is management's objective to become a significant gold and precious metals producer by re-initiating and increasing production levels at La Currita, Lluvia de Oro and Picacho, and developing the San Miguel, La Millionaria, Pilar De Mocoribo and Las Minitas projects in Mexico. We continue to acquire other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world. For more information, please visit the Company's web site at: http://www.TaraGoldResources.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.