Hidalgo Mining International (HMIT) Expands on Ghana Projects Geological Report

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Tue Jul 7, 2009 8:00am EDT

  NEW YORK, NY, Jul 07 (MARKET WIRE) -- 
Hidalgo Mining International (PINKSHEETS: HMIT)
(http://www.hidalgominingint.com/), an innovative mining company
headquartered in Port Washington, N.Y., expands on the details of the
Ghana Project Geological Report.

    Concession Resource Estimates

    Asuogya Concession

    A map of the Asuogya concession is shown in Figure 25. The total area of
the concession is 34,162,449.6 square meters (34.16 square kilometers).
The sampled area of influence within the concession boundaries is
15,347,029.1 square meters or 44.92 percent of the concession area. The
measured reserve of gold is 24,943.5 ounces. No additional sampling or
exploration drilling has been performed, so no additional resource can be
indicated; however, if the unsampled area of the concession is assumed to
contain a prorated quantity of gold the same as the sampled area, then an
additional resource of 13,738 ounces may be inferred.

    Ayiem Concession

    A map of the Ayiem concession is shown in Figure 26. The total area of the
concession is 54,716,972.4 square meters (54.72 square kilometers). The
sampled area of influence within the concession boundaries is 36,501,850
square meters or 66.71 percent of the concession area. The measured
reserve of gold is 74,132.6 ounces. No additional sampling or exploration
drilling has been performed, so no additional resource can be indicated;
however, if the unsampled area of the concession is assumed to contain a
prorated quantity of gold the same as the sampled area, then an additional
resource of 24,679 ounces may be inferred.

    Bonsa Concession

    Details of the Bonsa concession are shown in Figure 27. The total area of
the concession is 23,267,552.4 square meters (23.27 square kilometers).
The sampled area of influence within the concession boundaries is
13,888,270.5 square meters or 59.69 percent of the concession area. The
measured reserve of gold is 9,436.6 ounces.

    Dompem Concession

    A map of the Dompem concession is shown in Figure 28. The total area of
the concession is 17,817,312.8 square meters (17.82 square kilometers).
The sampled area of influence within the concession boundaries is
17,314,015.5 square meters or 97.18 percent of the concession area. The
measured reserve of gold is 29,162.2 ounces. No additional sampling or
exploration drilling has been performed, so no additional resource can be
indicated; however, if the unsampled area of the concession is assumed to
contain a prorated quantity of gold the same as the sampled area, then an
additional resource of 824 ounces may be inferred.

    Kedadwen Concession

    A map of the Kedadwen concession is shown in Figure 29. The total area of
the concession is 39,201,318.4 square meters (39.20 square kilometers).
The sampled area of influence within the concession boundaries is
11,537,439.5 square meters or 29.43 percent of the concession area. The
measured reserve of gold is 20,123.7 ounces. No additional sampling or
exploration drilling has been performed, so no additional resource can be
indicated; however, if the unsampled area of the concession is assumed to
contain a prorated quantity of gold the same as the sampled area, then an
additional resource of 14,201 ounces may be inferred.

    Klair Star Concession

    A map of the Klair Star concession is shown in Figure 30. The total area
of the concession is 35,666,869.7 square meters (35.67 square
kilometers). The sampled area of influence within the concession
boundaries is 7,876,466.5 square meters or 22.08 percent of the
concession area. The measured reserve of gold is 21,998.3 ounces. No
additional sampling or exploration drilling has been performed, so no
additional resource can be indicated; however, if the unsampled area of
the concession is assumed to contain a prorated quantity of gold the same
as the sampled area, then an additional resource of 17,140 ounces may be
inferred.

    Nkwanta Concession

    A map of the Nkwanta concession is shown in Figure 31. The total area of
the concession is 34,287,133.7 square meters (34.29 square kilometers).
The sampled area of influence within the concession boundaries is
11,119,956 square meters or 32.43 percent of the concession area. The
measured reserve of gold is 43,628.4 ounces. No additional sampling or
exploration drilling has been performed, so no additional resource can be
indicated; however, if the unsampled area of the concession is assumed to
contain a prorated quantity of gold the same as the sampled area, then an
additional resource of 29,479 ounces may be inferred.

    The complete geological report can be temporally viewed at the following:
http://www.trueactors.com/nymet/PREG.pdf

    DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

    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 Internationals' 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 confirm the statement(s) to actual
results or changes in Hidalgo Mining International's expectations.

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Contact:
Mark Daniel Klok
Hidalgo Mining International
(305) 778-8360
http://www.hidalgominingint.com/

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