MEDELLIN, COLOMBIA, Aug. 12, 2010 -- Tao Minerals Ltd. (Tao) (PINKSHEETS: TAON) is pleased to provide an update on the El Colmillo gold property and report that the company will be commencing a geological program to file a National Instrument 43-101 report on the property.
Tao Minerals Ltd. closed at $0.03 Thursday, trading 492,750 shares.
Tao Minerals Ltd. Provides Property Update on the El Colmillo Gold Project
About Tao Minerals Ltd.
Tao Minerals Ltd. is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich, yet highly underdeveloped gold deposits of Colombia, doing so in a socially and environmentally responsible manner.
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VANCOUVER, BRITISH COLUMBIA, Aug. 12, 2010 -- Sabina Gold & Silver Corp. (the "Company") (TSX: SBB) reported today the financial results for the quarter ended June 30, 2010.
Sabina Gold & Silver Corp. closed at $3.51 Thursday, trading 1,481,169 shares.
Sabina Gold & Silver Announces Q2 2010 Financial Results
About Sabina Gold & Silver Corp.
Sabina Gold & Silver Corp. is an emerging precious metals company with district scale, world class undeveloped assets in one of the world's newest, most politically stable mining jurisdictions: Nunavut, Canada.
The properties consist of the Hackett River silver-zinc Project, and the Back River Gold Project, both advanced exploration properties, as well as the Wishbone Claims, a vastly prospective grass roots project.
The combined holdings total approximately 3,000 square kilometres and cover the largely unexplored Wishbone Greenstone belt.
Hackett River is one of the largest undeveloped silver-zinc volcanic massive sulphide ("VMS") deposits in the world with indicated resources totaling 43.6 million tonnes with diluted (recovery) grades of 4.15% zinc, 129 g/t silver, 0.35% copper, 0.58% lead and 0.27 g/t gold. An additional inferred open resource totaling 16.0 million tonnes with diluted (recovery) grades of 3.53% zinc, 111 g/t silver, 0.24% copper, 0.46% lead and 0.25 g/t gold is also contained at Hackett River.
The Back River Project is comprised of the George and Goose Lake gold deposits and contain measured & indicated gold resources of 3.4 million tonnes grading 10.9 g/t Au for 1.19 million ounces and inferred resources of 3.6 million tonnes grading 10.2 g/t Au for 1.16 million ounces of gold.
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