Stock Chatter News Play ~TAON TAO Minerals
Post# of 144482
Stock Chatter News Play ~TAON
TAO Minerals Ltd. (TAON) is our stock chatter News play. We just got News and expect a strong push, shouldn’t take much to test .015 to .02
News this morning: Tao Minerals Ltd. Enters Into Negotiations to Acquire Large Mining Concession in Sur de Bolivar, Colombia
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. http://www.taominerals.com/
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 six 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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Based in Medellin, Colombia, Tao Minerals Ltd. was one of the first exploration companies to enter Colombia to capitalize on its enormous potential for gold and precious metals mining. Colombia hosts part of the Andes mountain range that contains many prolific mineralized systems that extend from Panama in the north through to the major mining regions of Peru, Bolivia, Chile and Argentina, yet unlike these countries, it has been under explored in modern times.
Long known for its vast mineral wealth, only recently has Colombia become a hotbed of foreign investment in mining and exploration activity as a result of political and security improvements.
Tao has acquired two mining properties – Golondrina and El Comillo in Colombia – Tao is poised to make important new discoveries in the under explored gold fields of Colombia. In addition, the company has the Whale Mine property in Nevada, USA.
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