Tao Minerals Update to Security Situation on El Colmillo Mine
Mining exploration and development company Tao Minerals announce an update on the security situation in El Colmillo Mine. Tao Minerals has been diligently working with local authorities on the national, departmental and civic stages to improve the security in the area. Progress has been made due to diligent work by local mayors who are keen to see the project go ahead and provide employment in this area. Plans are moving ahead to improve the roads to this remote area to allow security forces access to our mine site; this will greatly improve response times should the company experience any further security problems.
Tao Minerals management is encouraged by the response from all authorities involved and is confident that in time the situation will be resolved satisfactorily. Management is using this time to review operations on its other properties and the possibility of using equipment purchased for El Colmillo mine on joint venture properties with other parties to provide cash flow for further corporate acquisitions.
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.