Posted in | News | Gold | Platinum

Tao Minerals Seeks to Acquire Mutata Property in Columbia

Oct 13 2010

Tao Minerals Ltd. (OTCBB:TAON) has reported that it is has presented a letter of intent to acquire the Mutata property, a prospective gold and platinum property in Colombia. Minera Primecap Geological Services has been performing the due diligence on this potential acquisition and General Manager, Mr. Juan Restrepo has acted on behalf of Tao in the negotiation process.

MPGS are currently assessing the property. Tao has been allowed 90 days for this assessment period with extension clauses if deemed necessary. This potential gold and platinum property presents an excellent low cost opportunity for Tao to continue our corporate goal of assembling a high quality portfolio of Colombian mineral properties to compliment the El Colmillo Gold Project.

Source: Tao Minerals Ltd.

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