Tao Minerals Ltd. - News Release
January 19 2006 - 4:04PM
PR Newswire (US)
THUNDER BAY, ON, Jan. 19 /PRNewswire-FirstCall/ -- Tao Minerals
Ltd. (OTCBB: TAOM) today wishes to announce the completion of the
phase 2 exploration program on its mineral claim, known as the
Whale 1 and 2 property, located in the Yellow Pine Mining District,
Clark County, Nevada and consisting of Geological Mapping, VLM-EM
Survey and trenching and sampling. The exploration program was
recommended by the Company's P. Engineer, W. G. Timmins, on his
October 22, 2004 Geological Report entitled "Report on the Whale
Mine Property" which was drafted as a result of an initial
geological evaluation of the claims. The program was conducted
during the months of November and December 2005 and confirms the
presence of significant values of Zinc, Copper and Silver in the
vicinity of the property mine site. Samples of Zinc extracted from
trenches and mine workings range in values from 2.98% to 46.3%,
copper values from traces to 21.9% and silver values from traces to
2.7 ounces per ton. Geological mapping, prospecting and VLF-EM
survey confirm and east-west trend of fracture and breccia zones
suggesting presence of mineralization containing zinc, lead, and
silver. The company is planning to carry out additional sampling
and detailed geological mapping prior to proceeding with the
recommended Phase 3 work program in order to identify ideal
drilling targets. Today the Company is also pleased to announce
that it is presently negotiating to acquire an additional mineral
property located in a Central American country. At the request of
the property's vendor, details of the property and of the on going
negotiations have been kept confidential. The company anticipates
closing of an acquisition agreement at the end of January at which
time complete information concerning the property details and the
terms of the agreement will be distributed to the general public.
Tao Minerals Ltd. was recently listed for trading on the OTC BB and
its primary objectives are to be active in the mineral exploration
industry. In order to increase shareholders' equity value the
Company plans to identify, acquire and explore additional mineral
properties of merit with a view of eventually discovering mineral
deposits economically feasible for exploitation. Safe harbor for
Forward-Looking Statements: Except for statements of historical
fact, the information presented herein constitutes forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the company to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include general economic and business
conditions, the ability to acquire and develop specific projects,
the ability to fund operations and changes in consumer and business
consumption habits and other factors over which Tao Minerals Ltd.
has little or no control. ON BEHALF OF THE BOARD Don Axent
(President) Contact: Telephone: (807) 344 2644 Facsimile: (807) 344
2412 DATASOURCE: Tao Minerals Ltd. CONTACT: Telephone: (807)
344-2644, Facsimile: (807) 344-2412
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