This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Hondo Minerals E-Leach Extraction Technology Is Attracting Interest From Other Mining Companies Around The World

Stocks in this article: HMNC

CHLORIDE, AZ, March 8, 2012 /PRNewswire/ - Hondo Minerals Corporation (OTCBB: HMNC.OB) announced today that it has begun using its proprietary E-Leach extraction technology to evaluate several mining companies resources around the world.

These companies are furnishing to Hondo samples for testing and evaluation using Hondo's technology due to the recent proven successes experienced from the extractions of gold and silver done at the Tennessee Mine.   Agreements have been executed for Hondo to begin testing on the companies mining material.   The intent of Hondo and all interested companies is to joint venture or license the E-Leach technology to extract precious and base metals.   The need for extraction is not just gold, silver or platinates but also copper and other highly commercial base metals.  Hondo intends to supply a full suite of E-Leach based technology solutions to potential partners, and generate revenue through licensing fees, royalties or joint venture arrangements from our industry partners.

The Initial executed agreements represent the first success in the company's expanded business model, which contemplates supplying its proprietary extraction technology to mine operators under joint ventures or licensing arrangements.  To date, E-Leach has only been used at Hondo's flagship property, the Old Tennessee Mine in Chloride, Arizona.

Bill Miertschin, Chairman and CEO of Hondo commented, "These opportunities mark the first time that Hondo's exclusive E-leach technology may be used by other mine operators.  While we remain focused on our project in Chloride, the opportunity to diversify our revenue stream by using E-leach on other mining projects is another step in our growth as a company."

About Hondo Mineral s 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.

 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs