Tara Gold extends ‘Clavo 99′ at San Miguel project

Tara Gold Resources Corp. is pleased to announce assay results from drill hole SM-35 in the San Miguel Vein. Drill hole SM-35 was drilled 50 meters below hole SM-20 in the southern part of ‘Clavo 99′ to test the depth and lateral extent of that mineralization.

SM-35 intersected 1.85 meters of 9.57 g/t Au and 26 g/t Ag. The entire mineralized zone in Hole SM-35 is 17.44 meters wide and averages 1.84 g/t Au and 76 g/t Ag.

The assays from SM-35 establish that the high grade mineralization in ‘Clavo 99′ extends to a depth of at least 250 meters below the surface and that it extends for a 100 meters south along strike at this depth (from hole SM-34).

Clavo 99 continues to remain open at depth and along strike.

The San Miguel project is a joint venture between Tara Gold Resources Corp. (30%) and Paramount Gold Mining Corp. (70%). Paramount is the operator of the exploration program and provided this update.

Paramount has commented that as anticipated, the results from drill hole SM-35 extend the excellent mineralization seen in holes SM-18 and SM-20 for another 50 meters down dip, and that seen in hole SM-34 for at least 100 meters south along strike.

Clavo 99 has now been shown to persist to a depth of at least 250 meters and it remains open down dip. Prior drilling indicated that ‘Clavo 99′ extends along strike for at least 400 meters. We anticipate that this unusually large high grade zone will continue to grow in size, concluded Paramount.