Stock Profiler.US, LLC – Highlighting Tao Minerals Ltd. (OTCBB: TAON) – Gold Mine Moving to Production Stage, Geological Reports are Positive
Tao Minerals Ltd. Provides Update on Corporate Activities
MEDELLIN, COLOMBIA, Aug 04, 2010 -- Tao Minerals Ltd. (TAO) (OTCBB: TAON) is pleased to report that the company is expanding its operations and moving the El Colmillo gold project to the production stage. Tao's partner in the project has recently received full title to the El Colmillo properties and Tao has embarked on a full geological work program to define the resource deposit which geologists initial estimates are substantial. The El Colmillo has the potential to quickly provide a strong revenue stream as Tao moves forward to becoming a growth oriented gold producing company. Tao geologists estimate that a substantial amount of gold could be produced from the known mineralization at the El Colmillo project as well as additional revenue from any additional precious and base metals that are contained in that ore. The gross value could be increased significantly by the probability of the existence of additional sub parallel veins, as well as by continuity of all mineralized structures along the strike zones, both to the north and south of the project site.
As a corporation, Tao has firmly established itself in Colombia over the past five years, becoming fully adept with the legal and political processes required and hiring highly qualified personnel in the geological, legal and security professions. Arriving early to the boom in the expansion of natural resource development in Colombia enabled Tao reasonable property acquisition costs compared with current prices that continue to climb as more companies look at Colombia as the number one country to do business in South America. The excellent investment, political and security climate in Colombia under President Uribe for two terms will continue with newly elected President Santos, who takes office on August 7, 2010, enjoying a popularity rating of 75 percent.
Tao Minerals Ltd. closed at $0.029 Wednesday, trading 239,710 shares.
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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