CHLORIDE, AZ, April 9, 2012 /CNW/ - Hondo Minerals Corporation (OTCBB: HMNC.OB) announced today that it has received independent third party verification that confirms the onsite lab results previously reported by Hondo Minerals.
G.B Western, Inc., a California based independent mining consultant, verified samples, assays and processes through Acme Analytical Laborites, a Canadian certified assayer. Results returned to the Company by those third parties have confirmed the previously reported results of our onsite lab. These results average within our initial range of approximately 1 oz gold per ton.
These samples and their corresponding assays vary by sample location in the 1 million ton tailings pile. The results are a reflection of more than 20 assays prepared by G.B. Western, Inc. These reports have also been used to assure that our onsite lab has been calibrated to a tolerance that is within +/- 3.65% of the results given by the Canadian certified lab.
The Company's equipment was calibrated by a trained professional in ICP Mass Spectrometry from its manufacturer, Thermo Scientific.
Bill Miertschin, Chairman and CEO of Hondo commented, "I am very pleased with these results confirming and validating our earlier onsite reports." Bill continues to say, "We take pride in our lab facility and the accuracy of our findings, it makes me very satisfied to know that our results match that of an independent third party. As such we feel even more confident in our innovative leeching and extraction process."
About Hondo Minerals
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 at one time the largest producing silver mine in Arizona history. The Tennessee Mine operated from the late 1800s 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 additional reserves.
Cautionary Note Regarding Forward-Looking Statements
The company's presentation will contain 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 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.
For further information:
Senior Vice President
+1 (310) 954-1107
Hondo Minerals Corporation
William R. Miertschin
Chairman & CEO
+1 (214) 444-7444