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SOURCE: Tao Minerals, Ltd.
Sep 30, 2008 09:30 ET Tao Minerals to Begin Mining Operations at Its El Colmillo Gold Mine MEDELLIN, COLOMBIA--(Marketwire - September 30, 2008) - Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to announce that it will be initiating mining operations at its El Colmillo Gold Mine in early October. According to project manager, Juan Restrepo, P. Geo., the items of equipment, including the electrical generation plant, necessary to begin ore extraction operations are either already on site or in shipment, with arrival due shortly. The jaw crusher, critical to the operation of the processing plant, will be on site and in place by mid-October. The hiring of the workforce for the mine has been completed and the procurement of dynamite accomplished. Local authorities, enthused over the economic benefits the operation of the mine will bring to their community, are assisting Tao with the completion of the maintenance of the mine access road. In fact, Tao is pleased with the positive reception it has received from the local population, in general, and plans to continue to conduct its operations in a manner that will maintain its image as a valuable asset to the community.
According to Restrepo, Tao will begin mining operations by extracting and accumulating as much as a month's worth of ore production before activating the ore processing plant, sometime in late October. This approach will ensure that, once begun, processing of the ore will be able go forward without interruption. Initially, ore mining and processing will be conducted at the rate of 20 tonnes per day.
"As you can imagine, we are very excited to be starting up mining operations at El Colmillo," commented James Sikora, CEO of Tao. "This is what we have been planning and working for. At El Colmillo, Tao is transitioning from exploration to operations and is looking forward to the benefits of that shift in the form of cash flow and profits, which, in turn, should translate into much higher share values. We will be providing additional progress reports as the mining of ore proceeds and ore processing is initiated."
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 current report 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, including but not limited to, the start up of the El Colmillo Gold Mine, that the Phase 1 initial production may be 20 tonnes per day, the receipt of the equipment that has been ordered for the mine that initial mine production will begin within approximately 60 days, the timing and execution of second and third phase production increases, or an optimal third phase mining/processing target of up to 100 tonnes of ore per day.
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. We are not in control of metals prices and these could vary to make development uneconomic. 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 most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Tao Minerals Ltd. Rated 'Speculative Buy,' Target Price $0.42 by Beacon Equity Research
Tao Minerals Ltd. (News) (OTCBB: TAOL) has been rated Speculative Buy with a price target of $.42 by Beacon Equity Research Analyst, Lisa Springer, CFA.
The full report is available at http://www.BeaconEquity.com.
Anyone interested in receiving alerts regarding Tao Minerals Ltd. research should e-mail members@beaconequity.com with ”TAOL“ in the subject line.
In the report, the analyst writes, ”We expect the Company to commence production from the El Colmillo mine at 30 tons of ore per day in 2009, with production rising to 100 tons of ore per day by year-end. At that production rate, Tao could be producing gold from the two identified gold veins, the El Colmillo vein and the La Muela vein, for the next 24 years.“
Other companies in the mining and resources sector include Newmont Mining Corp. (NYSE: NEM), Barrick Gold Corp. (NYSE: ABX), International Minerals Corp. (Toronto: IMZ), and IAMGOLD Corp. (NYSE: IAG).
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Tao Minerals Ltd. (TAOL). Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (”Beacon“) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Resources and its affiliates have been compensated a total of seven thousand five hundred dollars directly from the company for enrollment of TAOL in its research program and other services. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
SOURCE: Tao Minerals Ltd.
Oct 03, 2008 09:30 ET Tao Minerals Provides Update on $1 Million Financing Commitment MEDELLIN, COLOMBIA--(Marketwire - October 3, 2008) - Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to provide this update regarding the status of the company's current financing arrangements. Tao and the lender of the $1,000,000 financing previously announced in a news release dated April 10, 2008 have jointly agreed to the cancellation of that agreement. Due to the cancellation of the agreement, Tao will not be filing the registration statement required by the terms of that financing. The conversion rights for the $125,000 tranche that has been received by Tao from this financing will be held for an additional 6 months.
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 current report 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, including but not limited to, the entry into any agreements for future financings and the conversion of the $125,000 tranche that has been received by Tao.
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. We are not in control of metals prices and these could vary to make development uneconomic. 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 most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
8-Oct-2008
Entry into a Material Definitive Agreement, Financial Statements and Exhibits
Item 1.01. Entry into a Material Definitive Agreement
On September 1, 2008, we entered into an executive employment agreement with James Sikora, our president and chief executive officer. Pursuant to the terms of the agreement, we agree to pay to Mr. Sikora an annual salary of $120,000 and issue to Mr. Sikora 500,000 shares of preferred "A" stock. In addition, Mr. Sikora is eligible to earn a cash bonus of up to $150,000 for each twelve month period during the employment term. The agreement shall be for a period of thirty-six (36) months.
On September 1, 2008, we entered into a contractor engagement agreement with Julio De Leon. Pursuant to the terms of the agreement, we agree to pay to Mr. De Leon an annual salary of $108,000 and issue to Mr. De Leon 300,000 shares of preferred "A" stock. In addition, Mr. De Leon is eligible to earn a cash bonus of up to $120,000 for each twelve month period during the employment term. The agreement shall be for a period of thirty-six (36) months.
Item 9.01 Financial Statements and Exhibits
10.1 Executive Employment Agreement dated September 1, 2008 between our company and James Sikora.
10.2 Contractor Engagement Agreement dated September 1, 2008 between our company and Julio De Leon.
30t/tag später 100t/tag
in der mine wurden ehemals gehalte zwischen 10 und 50 g gefördert -
in den letzten 2-3 jahren wurde neu gebohrt und siehe da - hier ist noch genug für alle da.
tagebau ist auch möglich und geplant.
und die mk ist 0,2 mio euro - da muss doch jetzt was gehen, leute!
nicht das ich glaube, das die mk nochmal 80 mio wird so wie in 2006/07, aber 6-10 mio sind auch ein paar tausend prozent.
http://www.taomining.com/ir.php
SOURCE: Tao Minerals Ltd.
Oct 24, 2008 09:30 ET Tao Minerals Announces Receipt of $100,000 Tranche, Completing Funding From $500,000 Financing Agreement MEDELLIN, COLOMBIA--(Marketwire - October 24, 2008) - Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to report that it has received a tranche of $100,000 from a $500,000 financing agreement previously announced in a news release dated June 5, 2008. This $100,000 constitutes the final payment from the lender under the agreement and satisfies the lender's commitment to Tao under that contract. Tao will utilize funds from this tranche for corporate expenses and the funding of mine operations activities at Tao's El Colmillo Gold Mine.
Monies from this $500,000 financing have enabled Tao to repair and upgrade the mining and processing facilities at El Colmillo in preparation for the initiation of full operations at an initial Phase I processing rate of 20 tonnes of ore per day, with a Phase II goal of 30 TPD and a Phase III goal of 100 TPD.
Startup operations are in progress at El Colmillo and will be detailed in an upcoming news release, followed directly by an announcement of the posting of new photographs on the Tao website, illustrating that progress -- including pictures of new equipment, accumulated ore reserves, etc.
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 current report 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, including but not limited to, making the required payments to Agrominas De Colombia, LTDA for the completion of the acquisition of the interest in the El Comillo mine, completion of the Phase 1 mine upgrade program, and the anticipated expenses and capital costs associated with the reactivation plan.
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. We are not in control of metals prices and these could vary to make development uneconomic. 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 most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Einfache Meldungen der Homepage des Papiers werden als Pushversuch geahndet. Lächerlich. Bessere Mods bitte.