SOURCE: Hidalgo Mining International

Hidalgo Mining International

June 25, 2009 08:39 ET

Hidalgo Mining International (HMIT) Announces Geological Report Results

NEW YORK, NY--(Marketwire - June 25, 2009) - Hidalgo Mining International (PINKSHEETS: HMIT) (, an innovative mining company headquartered in Port Washington, N.Y., announces results of Geological Report on Ghana Project, which has been long awaited by shareholders.

The seven concessions optioned from Castle Peak Mining Corporation by Hidalgo Mining Corp. contain a proven reserve of 223,425 troy ounces of gold (cutoff grade 0.05 g/tonne), and an inferred reserve of 103,865 ounces as paleoplacer and modern placer material in colluvium and underlying near surface conglomerates situated in the uppermost two to three meters of ground on these concessions. There is also the potential for other gold-bearing conglomerates in the underlying 50 meters of material and for gold-bearing quartz veins on these concessions although no drilling or sampling activities have yet been undertaken to identify and quantify these potential targets.


The results described herein cannot be guaranteed. The development of any and all of the subject mining claims stated herein is contingent upon multiple high risk factors that must be successfully dealt with in order to achieve the intended results. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect Hidalgo Mining International's future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Hidalgo Mining International to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. Hidalgo Mining International undertakes no duty to update any forward-looking statement(s) and/or to conform the statement(s) to actual results or changes in Hidalgo Mining International's expectations.

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