CHLORIDE, AZ, April 14 /CNW/ - As an update, Hondo Minerals Corporation
(OTCBB: HMNC), is pleased to announce the expansion of its operational
infrastructure in preparation for the opening of the processing
facility at the Tennessee mine.
Hondo has expanded its operational infrastructure with the addition of
support vehicles, multiple pieces of earth moving equipment, a self
contained assay and research lab, and a crush plant in preparation for
initial ore processing and revenue production next month. In addition,
Hondo also began preparations for the arrival of the generator that
will supply power to the facility and provide ample power for expansion
of operations in the future.
"I am pleased with the progress at site, and to be able to report that
the project is moving ahead as expected. We now have most of the
necessary equipment to begin processing as we complete the final stages
of construction in preparation for the initial stage of operation,"
Says William R. Miertschin, Chairman and CEO of Hondo Minerals.
The processing facility is anticipated to open this May. Once complete,
the Tennessee Mine processing facility will recover gold, silver, zinc,
and other metals. It is estimated that the daily processing
capabilities will commence at 10-20 tons per day and increase to 50
tons per day during late 2011, 200 tons daily in 2012 and 300 tons
daily in 2013.
The company expects to provide additional updates on the progress of the
Tennessee Mine Processing Facility in the near term.
About The Company
Hondo Minerals Corporation is engaged in the acquisition of mines,
mining claims and mining real estate in the United States, Canada and
Mexico with mineral reserves of precious metals or non-ferrous metals.
Hondo owns the Tennessee and Schuylkill Mines in Chloride, Arizona. The
Tennessee Mine was the largest producing silver mine in Arizona
history. The Tennessee Mine operated from the late 1800's until 1947
producing lead, zinc, gold and silver. The Company also owns numerous
other mining claims in the US Southwest, which are being evaluated for
This press release contains forward-looking statements that involve
risks and uncertainties, including the Company's beliefs about its
business prospects and future results of operations. Some factors that
could cause actual results to differ materially include economic and
operational risks, changes in anticipated earnings, continuation of
current contracts, and other factors detailed in the Company's filings
with the Securities and Exchange Commission, including its most recent
Forms 10-KSB and 10-QSB. The Company forecasts provided above are
dynamic and therefore refer only to this release date. The Company does
not undertake to update any forecasts that it may make available to the
investing public. Please visit www.Hondominerals.com
SOURCE Hondo Minerals Corporation
For further information:
Larry Novak 480-344-7758 or visit: www.hondominerals.com