- 100% owned by Tara Minerals - a Tara Gold subsidiary.
- Considering production options.
On October 16, 2006, Tara signed a definitive option agreement to acquire a 100% interest in the Pilar De Mocoribo Groupings, located 25 km NE of El Fuerte, Sinaloa State, Mexico. The Pilar De Mocoribo Groupings is comprised of 1,260 hectares and lies within a larger area of hydrothermal alteration that hosts numerous base and precious metal occurrences along the western part of the Northern Sierra Madre Gold Belt. The property lies 10 km SW of an advanced stage Cu-Ag-Au-Mo Project. Pilar De Mocoribo Groupings represents a high-grade Pb-Zn-Ag outlier of this project’s porphyry-skarn.
Preliminary evaluation of the property has identified a series of parallel NE trending mineralized structures that can be traced for more than 300 meters. These mineralized structures lie within a complex suite of volcanic-granitic and sedimentary (carbonate) rocks.
Three samples were collected on the initial property along the structures and returned 25.267% Pb and 15.334% Zn over an average strike length of 8 meters and a width of 1.5 meters. Silver values ranged from 44.81g/t to 1,111.61 g/t. Complete assay results for all these samples were as follows:
| Sample # |
Ag (g/t) |
Au (g/t) |
Cu (%) |
Pb (%) |
Zn (%) |
| 00001-06 |
44.81 |
0.801 |
0.238 |
28.601 |
14.801 |
| 00002-06 |
1,111.61 |
0.501 |
0.341 |
1.401 |
18.901 |
| 00003-06 |
219.91 |
0.801 |
0.165 |
45.701 |
12.301 |
A qualified person under National Instrument 43-101 conducted the property visit and collected the samples. Rock samples were transported and tested at SGM (Servicio Geológico Mexicano) in Chihuahua City, Chihuahua State, Republic of Mexico.
Tara Minerals considers this project as highly prospective due to the economic potential of this property, as supported by the sampling above. Tara Minerals is currently assessing several options to aggressively advance the project.