Hondo Minerals Corporation (“Hondo”) is an exploration stage company engaged in the acquisition of historically significant, mines, mining claims and mining real estate in North America. Hondo’s portfolio of assets include the Tennessee Mine in the Wallapai Mining District near Chloride, Mohave County, Arizona, the Schuylkill Mine in the Wallapai Mining District near Chloride, Mohave County, Arizona (adjacent to the Tennessee Mine), as well as several additional mining claims located in Arizona, Nevada, Utah, and Colorado. The Company’s main focus is the processing of a one million tons (approximately) tailings pile at the mouth of the Tennessee Mine which the Company believes contains various amounts of lead, zinc, gold, silver, and other concentrations of metal. There is currently no exploration activity being conducted at the Tennessee Mine or any of the Company’s other mining properties.
In November 2011, the Company completed construction of its first commercial scale extraction plant to process the one million ton tailings pile present at the Tennessee Mine. At that time, the Company intended to extract gold, silver, zinc, lead, and other metals that it believed to be present in the pile.
In mid-July 2012, the Company began processing tailings from the Tennessee Mine; however, the Company has yet to realize any revenues from those operations. During the last half of July 2012, the Company processed approximately 125 tons of tailings and produced 94 carbon cells of metals that have yet to be evaluated.
Hondo Minerals Corporation began trading in March of 2011 on the OTC Bulletin Board under the symbol “HMNC.OB”. Management’s goal is to dual list on the American Stock Exchange and the Canadian TSX once the company has qualified for those listings.
Hondo Minerals Corporation Trading Symbol: HMNC
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