We present results of intermediate resolution spectroscopy of 131 optical counterparts to 115 ROSAT All-Sky Survey X-ray sources south of the Taurus-Auriga dark cloud complex. These objects have been selected as candidate young stars from a total of 1084 ROSAT sources in a ~300 square degree area. We identify 30 objects as low-mass PMS stars on the basis of the LiI{lambda}6708{AA} doublet in their spectrum, a signature of their young age. All these stars have a spectral type later than F7 and show spectral characteristics typical of weak-line and post-T Tauri stars. The presence of young objects several parsecs away from the regions of ongoing star formation is discussed in the light of the current models of T Tauri dispersal.