(Source: MARKETWIRE)
Tara Minerals Corp. (OTCBB: TARM), a subsidiary of Tara Gold
Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N), is pleased to
announce that Robert Wheatley has been appointed as President, Chief
Executive Officer, and Director of Adit Resources Corp. Robert is a
geological engineer with over 35 years of diversified mineral
exploration, business development, and mine development experience in
twenty-one countries working primarily with gold, silver, copper, and
molybdenum. Most recently, Robert was the Director of Exploration,
for North and Central America, with Yamana Gold Inc.
Adit Resources Corp., a Tara Minerals 100% owned US subsidiary, has
the right to acquire a 100% interest in Picacho. The Picacho property
is located on a 3,236 hectare mining concession within the Northern
Sierra Madre Gold Belt, 120 kilometers south of the U.S. border, in
Sonora, Mexico. Picacho is in close proximity to Yamana Gold Inc.'s
Mercedes project which has an announced resource of over 600,000 gold
ounces and is now in mine development.
Mr. Francis Biscan Jr., President of Tara Minerals Corp., stated,
"Robert brings extensive international exploration and development
oversight to Adit as we move towards exploration and production at
Picacho and future projects. His accomplishments, including his
recent successful management of exploration in Mexico, have earned
him much deserved recognition. His participation will serve to
substantiate and advance our projects proficiently."
Robert Wheatley commented, "I am excited to join Adit Resources,
which controls one of the most promising gold properties in Mexico.
The Picacho property has the potential to be a significant low-cost
producer of gold from underground mining with minimal surface
disturbance. I look forward to building shareholder value by
aggressively advancing this and other projects with a team of
top-notch professionals."
Robert Wheatley is currently a consultant and President of Prowling
Puma, LLC. He spent the last 28 years with Yamana Gold Inc. and its
predecessors -- Meridian Gold Company, FMC Gold Company and FMC
Corporation -- in a variety of project, exploration, and business
development management positions. Most recently, he was the Director
of Exploration for North and Central America. He was responsible for
the planning and execution of the initial underground exploration at
El Penon, Chile, which has now produced over 2.5 million gold ounces.
Robert also started the Mexico exploration program that resulted in
the acquisition of the Mercedes, Sonora property which has an
announced resource of over 600,000 gold ounces and is now in mine
development. Prior to FMC, he also worked for Homestake Mining Co.,
UV Industries, and Superior Oil Co.
About Tara Minerals Corp.
Tara Minerals is fully funded and focused on generating revenue in
2009 from a Lead, Zinc, and Silver mine on its Don Roman and Lourdes
project, located in Choix, Mexico. Tara Minerals Corp. is a US-based
growth-orientated resource company engaged in the search,
acquisition, exploration and development of high-quality non-precious
& precious metals and minerals projects with potential for economic
commercial value.
About Adit Resources Corp.
Adit Resources Corp. is a growth-oriented precious metals exploration
and development company. It is management's objective to become a
significant precious metals producer by exploring, developing, and
re-initiating production at the Picacho project in Mexico. We will
also continue to acquire other exploration and/or advanced-stage
projects in North America.
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.
Website: www.TaraMinerals.com
Francis Biscan Jr.
Phone: (630) 462-2079
Investor Relations
Michelle
Phone: (630) 752-4447
SOURCE: Tara Minerals Corp.
A service of YellowBrix, Inc.
