Positive Lab Results Provide Further Confirmation of Champinon Project Potential
(firmenpresse) - CHICAGO, IL -- (Marketwire) -- 08/06/12 -- Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3) is pleased to provide results from a metallurgy recovery study conducted by METCON Research, an affiliate of KD engineering, in Tucson, Arizona regarding material from the Champinon Iron Project. The recovery results revealed high levels of recoverable magnetite. Higher levels of magnetite improves opportunity for increased volumes of ore and enhances overall potential project yields.
Test results confirm that a wide range of iron concentrations are technically viable to mine.
Results also revealed that lower iron ore grades can be concentrated through crushing and magnetic separation to produce a marketable iron grade product. They also confirm that the low- and high-grade ores can be processed together. This increases ore tonnage crushing rates while decreasing stripping ratios, which can significantly enhance project economics.
Steve Eady, Chief Geologist, commented, "I am really excited by these results, because they confirm that we have discovered a significant deposit for iron ore mining and production. The results have provided information that can assist us in optimizing the project potential."
"In addition to confirming much of the work that has already been done, these results provide information needed to complete the initial mining plan and plant design necessary to begin producing salable Iron Ore at our Champinon Iron Project. As we rapidly advance towards production, we look forward to continually communicating the company's progress to our shareholders," said Francis R. Biscan, Chief Executive Officer.
Initial head grades of 52% and 41% were used for the study. The magnetic concentrates had final total iron grades of 68% and 58% respectively at a 4 mesh grind size. At a 10 mesh grind size, the samples had final concentrate iron grades of 68% and 67%.
About Tara Minerals Corp. ()
Tara Minerals Corp. is focused on advancing its gold/silver/zinc/lead Don Roman mine and mill and its iron ore projects located in Mexico. Management is creating long-term shareholder value and deploying its capital to advance its projects by enhancing resources, further outlining new discoveries/targets, and acquiring additional strategic assets. Tara's strength in recognizing value early and strategy of reducing risk through a foundation of cash flow, positions it for low-risk value creation.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Please read the full disclaimer at ().
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Datum: 06.08.2012 - 13:00 Uhr
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News-ID 171841
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