CHLORIDE, Ariz., Jan. 26, 2012 (GLOBE NEWSWIRE) — Hondo Minerals Corporation (OTCBB:HMNC.OB) today acknowledges the Company has received numerous inquiries of interest into the use of its proprietary processing technology including its patent-pending E-Leach technology. As a result the Company will begin exploring potential opportunities to further expand operations into the global market.
Hondo Minerals has developed proprietary processing techniques that dramatically reduce the need for toxic chemicals such as cyanide or stronger acids that are widely used in mining activities. Part of the proprietary process includes the patent-pending E-Leach process. E-Leach is a process that leaches minerals using electrolyzed water rather than hazardous chemicals. By replacing these harsher chemicals with safer low pH water we can leach metals such as Gold, Silver, Lead, Zinc, Copper and Rare Earths. This process extracts minerals more effectively and efficiently with much lower production cost. The reduction of chemical use greatly reduces the environmental impact and improves the relationship between mining and the environment. Hondo has demonstrated the viability of the process at scale at its Tennessee Mine property in Chloride Arizona.
“By extracting metals on a larger scale at our facilities at the Tennessee Mine, we have proven the efficacy of our E-Leach based processes. We will now begin to address the many inquires we receive regarding our new technology. We are ready to take the next step in Hondo’s strategic plan and begin considering and evaluating business arrangements around the world,” said William Miertschin, Chief Executive Officer of Hondo Minerals Corporation.
Mr. Miertschin continued, “This process technology is a real game-changer for us and potentially for the mining industry. The future of Hondo is more than just the metals we will extract from the Tennessee Mine resources. By utilizing our process that uses no chemicals harsher than you might find in a salt water swimming pool, we have an opportunity to change the way mining relates to the environment. We intend to seek business opportunities that will create revenue and ultimately increase our shareholder value.”
Those interested in learning more about our proprietary technology should contact Hondo Minerals at the number provided below.
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.
Cautionary Note Regarding Forward-Looking Statements
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. These results may not indicative of the result achieved in the entire tailings pile do to the non-homogenous nature of the pile itself. 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. Please visit www.Hondominerals.com
CONTACT: Investor Relations
Scott S. Arnold
Senior Vice President
+1 (310) 954-1107