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Nov. 13, 2012 /PRNewswire/ - Hondo Minerals Corporation (OTCBB: HMNC) today announces that the Company has enlisted the expertise and mining related talents of Maiden Resources, Inc. from the Coeur d'Alene Mining District of
The Coeur d'Alene Mining District is known for its rich silver, lead and zinc deposits and an enormous amount of these minerals have been extracted in the area for more than one hundred years. Maiden Resources brings decades of experience in assaying, processing, permitting, regulatory and safety matters in both underground and open pit mining operations to Hondo's team, Maiden will aid Hondo in professionally evaluating the old Tennessee Mine with the idea of exploring its underground ore reserves for possible mining ventures.
Bob Flinders and
Lee Haynes of Maiden Resources were on site and commented on the similarities between the Tennessee Mine and the mines of the Coeur d'Alene Mining District. In a recent visit, preliminary sampling of identified ore exposures were conducted with promising results. The results are showing good numbers and should justify a more extensive exploration of the possible ore reserves left in the ground. Hondo and Maiden will be discussing these possibilities in the coming weeks and will keep the public informed as results develop.
As Hondo Minerals has continued to make the transition from primarily mining construction operations to ore processing operations in the past several months, the most recent 2-3 weeks have been ones of decisive and substantial changes in our operations at the
Tennessee Mine facilities.
The contract of the Operations Manager of the past 2.5 year and the related management company, Advanced Natural Technology Services, Inc., was not renewed.