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Posted On: 12/06/2012 9:01:38 AM
Post# of 145202
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Posted By: lucyinthesky

TAON News .0101



Tao Minerals Ltd. Enters Into Negotiations to Acquire Large Mining Concession in Sur de Bolivar, Colombia



2012-12-06 08:33 ET - News Release


 




MEDELLIN, Colombia, Dec. 6, 2012 /PRNewswire/ -- Tao Minerals Ltd. (TAO) (OTCQB: TAON) is very pleased to announce that it is in negotiations to acquire a large mining concession in the Sur de Bolivar (South Bolivar) region of Colombia. Government recorded gold production from the region, between 1987 and 1994 is ca. 1,271,000 ounces of gold, and the region is presently reporting the highest annual gold production in Colombia, averaging ca. 275,000 ounces per year since 1991.


Additionally, Tao reports that Britanico Security Group (BSG) will commence a full security review of its El Colmillo gold project. BSG will compile their findings along with intelligence reports provided by the Colombian army, local police agencies and available foreign intelligence as part of this undertaking. The El Colmillo Mine concession is located in eastern Antioquia department. Tao acquired the El Colmillo property in 2007 but continuous security concerns for the surrounding region have caused Tao to engage BSG for the security review.


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 in a socially and environmentally responsible manner. As a corporation, arriving early to the boom in the expansion of natural resource development in Colombia has enabled Tao to establish itself in Colombia over the past five years, becoming adept at the necessary legal and political processes and hiring highly qualified personnel in the geological, legal and security professions.




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