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HONDO MINERALS CORP (OTCPK:HMNC)
Gold and its ally are often used in jewelry, coinage and a standard for monetary exchange in many countries. Due to its high electrical conductivity and resistance to corrosion, it is used as industrial metal. Gold performs critical functions in computers, communications equipment, spacecraft, jet aircraft engines, and a host of other products. Gold flake is used on and in some gourmet sweets and drinks. Having no reactivity, gold adds no taste but is taken as a delicacy.
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 1800's 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.
HONDO MINERALS CORP (OTCPK:HMNC) is pleased to announce that it has just acquired over $500,000 dollars of additional E-Leech equipment for its Tennessee Mine production facility.
William R. Miertschin Chairman and CEO of Hondo Minerals says, "This purchase a long with the $2.4 million dollars of previously announced equipment demonstrates our continued efforts to invest real dollars in this project to increase shareholder value."
Mr. Miertschin went on to say, "All of this newly acquired equipment will allow the company the ability to reach its production and revenue targets 6 to12 months ahead of schedule, and with the advanced technology of E-Leech Hondo Minerals is posed to set new standards while obtaining optimum results from its exclusively licensed mining process."
E-Leech technology is a patent pending process that creates a leaching process without the use of hazardous chemicals such as cyanide at its Tennessee Mine processing plant.
Toxic chemicals previously used such as Hydrochloric and Nitric Acid are replaced with a water-based and pH adjusted medium to leach precious and base metals from mine tailings that is safe to humans and the environment.
Electrochemical processes are used to generate pH levels low enough to leach metals such as Gold, Silver, Zinc and Rare Earths into a solution for recovery at an extremely low cost per ton.
For more information please visit: http://www.hondominerals.com
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Martha Stewart Living Omnimedia Inc. (NYSE:MSO) announced that Patsy Pollack is head of the Company's Merchandising business. In her new expanded role as Senior Executive Vice President, Patsy will be responsible for all merchandising initiatives and will report directly to Lisa Gersh, MSLO's new President and Chief Operating Officer. Robin Marino is stepping down as the Company's President and CEO of Merchandising to pursue a new opportunity.
Martha Stewart Living Omnimedia, Inc. operates as an integrated media and merchandise company. It creates media and merchandise in the areas of cooking and entertaining, holidays, crafts, home, whole living, weddings, organizing, and gardening.
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STMicroelectronics NV (NYSE:STM) a global semiconductor leader serving customers across the spectrum of electronics applications, will be hosting an investors and analysts meeting in Hong Kong on Thursday, June 2nd, 2011. A copy of the presentation will be available on STMicroelectronics' investor relations website at www.st.com.
STMicroelectronics N.V., an independent semiconductor company, engages in the design, development, manufacture, and marketing of a range of semiconductor integrated circuits and discrete devices.
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Rockwell Automation Inc. (NYSE:ROK) announced it has purchased Lektronix, a leading independent industrial automation repairs and service provider in Europe and Asia, headquartered in Cannock, U.K. Lektronix provides automation repairs, spares and other maintenance services for most industrial automation products, including programmable logic controllers (PLC), electric motor drives, industrial computers, and computerized numerical control (CNC) equipment. Customers include a broad range of manufacturers from food and beverage to heavy process industries. Lektronix's management team will join the Rockwell Automation Control Products & Solutions operating segment.
Rockwell Automation, Inc. provides industrial automation power, control, and information solutions. It operates in two segments, Architecture & Software and Control Products & Solutions. Rockwell Automation, Inc. was founded in 1928 and is headquartered in Milwaukee, Wisconsin.
********************** Majestic Gold Corp. (MJS.V)
Majestic Gold Corp. is pleased to provide a progress update on the new mill construction for the company's flagship Song Jiagou project.
The mill is in the commissioning stage and has begun running ore through the mill in order to access the efficiency of the mill. Majestic expects to run at an initial throughput rate of 3,000 tons per day and progressively move upwards towards full capacity of 6,000 tons per day once the mill is running at optimal efficiency.
Ore that has been stockpiled at the new mill in order to streamline the commissioning process is currently being processed as part of the commissioning stage. In addition, Majestic is pleased to announce that the tailings dam is fully completed and all tailings lines and water return systems are in place and now in use.
They are excited by the prospect of getting the new mill on line and being in a position to significantly increase production levels. This represents a significant milestone in their transition from exploration to production.
Gold refuses to accept attacks by individual acids, but it can be dissolved by the aqua regia, so named as it dissolves gold. Gold also dissolves in alkaline solutions of cyanide, which have been used in mining. Gold dissolves in mercury, forming amalgam alloys. Gold is insoluble in nitric acid, which dissolves silver and base metals, a property that has long been used to confirm the presence of gold in items.
The native metal occurs as nuggets or grains in rocks, in veins and in alluvial deposits. Less commonly, it occurs in minerals as gold compounds, usually with tellurium. Gold standards have been the most common basis for monetary policies throughout human history, being widely supplanted by fiat currency only in the late 20th century.
Majestic Gold Corp. is a Vancouver-based; TSX Venture Exchange and Frankfurt Exchange listed gold exploration and Development Company with a very advanced gold deposit in Shandong province of China. At present, Majestic Gold Corp. is aggressively pursuing a pre-feasibility study. A recently announced agreement would increase Majestic's effective ownership from 54 to 94 % and has allowed the property to commence production at an initial rate of 1,400 tpd. With a contract that fixes operating costs and allows use of land and equipment, Majestic anticipates to have a positive cash flow, within a matter of months.
For more information, please visit: http://www.majesticgold.net
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