CHLORIDE, AZ, May 4 /CNW/ - As an update, Hondo Minerals Corporation
(OTC:BB HMNC), is pleased to announce it has found a surface vein that
runs along the Tennessee and Schuylkill properties. The preliminary
measurement show that the vein is anywhere between 10 and 28 feet wide
and runs approximately a half of a mile long. Based on the on the new
discovery the company has taken samples and is awaiting the test
Bill Miertschin, President and CEO of Hondo Minerals stated, "As we
expand this property through exploration and further development we
believe will continue to come across new finds. A vein of this
magnitude should generate significant revenues for our company." Mr.
Miertschin adds,"We know our property has highly mineralized tailings.
We anticipated that we could retrieve additional minerals from this
historical mine, but to now discover a vein of this size is quite
exciting for the company and its shareholders. "
The Tennessee Mine was the largest producer of silver in Arizona mining
history and produced substantial amounts of Gold. The company is on
track to commence initial production of its existing reserves at
Tennessee Mine by May 30th 2011.
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:
Please visit www.Hondominerals.com