CybeRelease: AnalystResearchReport.com Announces $2.75 Price Target for TAOL
(CybeRelease, July 11, 2006) - Lake Harmony, PA - Tao Minerals LTD. (OTC BB: TAOL) is conducting an extensive trenching program on its Golondrina property. Trench samples continue to indicate extensive high-grade gold concentrations at or near the surface. TAOL is on track for major expansion and rising revenues.
MARKET ADVISORS RESEARCH
Tao Minerals LTD. is a gold exploration company focused on acquiring and developing mining properties in Colombia. The company has acquired and begun sampling at its Golondrina gold and silver property where final results from its recent trenching program indicate high-grade gold values up to 72.87 grams per tonne. Additional till sampling and analysis during the summer is expected to result in several more target areas within the Golondrina’s more concentrated vein structures using rudimentary manual extraction methods. The company is working diligently to determine precisely how rich and extensive the deposits are. TAOL is taking advantage of the convergence of strong demand for gold currently as well as a strong bull market in gold, plus ripe conditions in Colombia including a stable and growing economy, favorable mining legislation, foreign investment protection and gold-rich soil. Colombia continues to be South America’s largest recorded gold producer, yielding more than 125 million ounces.
Even with the distinction of being the area’s largest producer, it remains the most under-explored of the geologically prospective countries in South America, with local miners lacking the technology, expertise and resources to maximize production. Tao Minerals owns the option to acquire a 100% interest in Golondrina and has entered into negotiations to purchase a majority interest in two properties in the nearby Narino Department, which also enjoys world class potential.
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