SOURCE: Tara Minerals Corp.
HENDERSON, NV--(Marketwire - Sep 12, 2012) - Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3) is pleased to announce that the Champinon iron ore project continues to progress towards production. The majority of concrete foundation work, equipment pads, and road work have been completed. In addition, processing equipment necessary to produce commercial grade iron ore has begun to arrive at the site.
David Barefoot, Chief Operating Officer, commented, "Our team on the ground continues to manage the project towards completion on budget and within projected timeframes. We look forward to the completion of the plant and its subsequent commissioning. Additionally, the proximity of Champinon to the Don Roman plant has enabled concurrent planning for silver, zinc, and lead production to progress ahead of schedule. We are very excited as we prepare to generate revenue, while avoiding debt and continuing to maintain a non-dilutive focus."
All work activities are being conducted in a NI 43-101 compliant manner.
About Tara Minerals Corp. (http://www.TaraMinerals.com)
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 www.TaraMinerals.com (http://taraminerals.com/English/General/Disclaimer/default.aspx).