CHLORIDE, Ariz., Jan. 10, 2012 (GLOBE NEWSWIRE) -- Hondo Minerals Corporation (OTCBB:HMNC.OB), today announced it has successfully completed its first metals pour of precious and base metals dore at the processing facility at the Old Tennessee Mine in Chloride, Arizona.
Bill Miertschin Chairman and CEO said, "The pouring of metals marks another significant milestone for Hondo Minerals Corporation and its shareholders. We would like to congratulate those who have worked diligently to bring this deposit from breaking ground to production in less than 12 months, a significant achievement in the mining industry. This now confirms proof of concept of our propriety minerals processing technology and that it works on a commercial basis and is scalable".
We expect to sell metals in dore bar form in the near future. Hondo Minerals also anticipates the ramping up of precious and base metals production to continue through the first quarter of this year with the goal of processing 150 - 200 tons of tailings per day by year end.
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 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.