Friday, August 5, 2011

Beacon Equity Research Featured Company: Hondo Minerals Corp. (HMNC)

Hondo Minerals Corp. is focused on acquiring mines, mining claims and mining real estate in the United States, Canada and Mexico with mineral reserves of precious metals or non-ferrous metals. The company currently owns a total of 540 acres of mineral rights and an additional 720 acres of minerals claimed.

The company’s Tennessee Mine is recognized as the largest producing silver mine in Arizona history. Operated from the late 1800′s for the production of lead, zinc, gold and silver, the mine has as much as 40% of the historically proven veins intact underground, offering long range opportunities for continued growth.

Hondo Minerals’ management team plans to continue to search for new mining properties in North America as well as joint venture opportunities. With its current holdings and a solid business strategy in place, Hondo Minerals is well positioned to capitalize on the rising prices for gold and other precious metals.

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