May 12 /PRNewswire/ - Hondo Minerals Corporation (OTCBB: HMNC) is pleased to announce that the company has now closed on a major new land acquisition whereby the company will begin to sample the property for future mining and processing. Hondo Minerals now controls 1796 acres of patented and BLM claims in the
Southwestern United States.
Bill Miertschin, CEO of Hondo Minerals says, "We are very excited that we have acquired new Patented and BLM acreage for future exploration development as we continue to expand our mining and revenue opportunities in the
Southwestern United States." Mr. Miertschin added, "As we are nearing completion of our Tennessee Processing Plant, we are driven by our confidence to utilize our technology and begin sampling and testing of our land assets with our newly acquired lab."
Hondo has acquired the following patented and BLM land.
Chloride area new BLM claims include:
Mohave BLM claims include:
Mohave patented ground include:
- Stair Step
- Sir Load
- Randy Bell.
Mineral Park Area patented ground:
- Golden Gem
- Red Seal
About The Company
- Summit Mine
- Silver Monster Mine
Hondo Minerals Corporation is engaged in the acquisition of mines, mining claims and mining real estate in
the United States
with mineral reserves of precious metals or non-ferrous metals.
Hondo owns the
and Schuylkill Mines in
. The Tennessee Mine was the largest producing silver mine in
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 additional reserves.
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.