Tao Minerals Announces Security Concerns at El Colmillo Gold Mine
Posted on January 27, 2009 at 18:46 PM EST
Tao Minerals, Ltd. (OTCBB: TAOL) announces that due to security concerns at the El Colmillo Gold Mine, it has temporarily suspended further mining operations. Tao employees have been confronted by ELN guerilla forces at the mine site, who have been active in the region. Tao has reported these events to the Colombian authorities, and until such time as the security status of the region improves, operations will remain suspended. Tao is hopeful that operations will commence again shortly, given that security in Colombia has been steadily improving in recent years.
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the recommencement of operations at the El Colmillo gold mine, or that security in the region will improve.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Shawn Van Damme, 1-877-512-1120
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