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Hi Ho Silver – Focused on Moly & Silver Exploration
Overview In true Western entrepreneurial spirit, Hi Ho Silver Resources’ experienced managerial team is dedicated to establishing strategic relationships with industry leaders. Minimizing risk, while maximizing opportunities for success will provide investors with astable platform for investment in the mineral exploration field. Hi Ho Silver Resources has a well diversified management team, headed by Presidentand …
OverviewIn true Western entrepreneurial spirit, Hi Ho Silver Resources’ experienced managerial team is dedicated to establishing strategic relationships with industry leaders. Minimizing risk, while maximizing opportunities for success will provide investors with astable platform for investment in the mineral exploration field. Hi Ho Silver Resources has a well diversified management team, headed by Presidentand CEO Fred Fisher. Hi Ho Silver Resources currently holds 3 projects in its portfolio, specifically its flagship property, the Kettle River (Carmi) which accompanies its Silver Tip and South Rim properties. Highlights
Chief PropertiesKettle River (Carmi) Molybdenum ProjectThe Kettle River (Carmi) project is Hi Ho Silver Resources’ flagship property. A molybdenum property with many positive qualities as well as Hi Ho Silver Resources’ recently completed NI 43-101 compliant resource calculation, Hi Ho Silver Resources currently owns 51%, and has the option to acquire 100% of the property. Located approximately 30km east of Penticton, BC and 8km north of the mining town of Beaverdell, the Carmi project has a very distinct past. Molybdenum mineralization was discovered in 1960 by Kennco Explorations (Western) Limited during the course of geochemical exploration in the Beaverdell area. Between 1961 and 1990 a number of exploration companies conducted major programs in efforts to define the grade and size of the deposit. This work resulted in the definition and publication of a potential open pittable “drill indicated” molybdenum resource for each mineralized zone. The E Zone was estimated to contain 17 million tonnes (18.7 million tons) grading 0.063% molybdenum (0.105% MoS2) and the Lake Zone, about 750 metres west of the E Zone, was estimated to contain 3.7 million tonnes (4.1 million tons) grading 0.066% molybdenum (0.110% MoS2). A higher grade body of molybdenite mineralization was intersected in drill intercepts of molybdenite mineralized breccias occurring as sheets or panels beneath the Lake Zone. This potential underground mining target was estimated to contain 4.5 million tonnes (5 million tons) grading approximately 0.2% molybdenum (0.33% MoS2).
The NI 43-101 compliant resource estimate commissioned by Hi Ho Silver Resources in 2008 returned the following values based on a 0.026%Mo cut-off grade; Silver Tip ProjectSilver Tip is a 100% owned high grade silver project lying within the historic Slocan Silver camp in British Columbia. Assays from the known showings within the Project are generally in the 60 – 120 oz/Ton silver (Ag) range with 40-80% lead (Pb). The highest silver assay from the property is 398 oz/ton. Gold values in the 1g/t to 5g/t range are present within the project. Zinc values range between 1.25% – 6.0%. The Slocan Silver camp has historically produced over 75 million ounces of silver between 1892-1993. A Phase I completed in November 2007 confirmed previous exploration work, successfully located five historic showings and discovered two significant additional showings (targets) located within the Property. The program returned soil and rock samples with values of 50oz/ ton silver, 20% lead and close to 9% zinc. The program initiated in the fall of 2008, consisted of constructing new (and rehabilitating historical) access trails, rehabilitation of underground workings, surface and underground geological mapping, rock and soil sampling. During that period, approximately 7,000 meters of access trails were completed/rehabilitated, 100 rock samples and approximately 2,000 soil samples were collected. When the Company acquired the Silver Tip Project in October 2006, the Property consisted of 900 hectares (9 km2.) Since that time, Hi Ho Silver Resources has conducted an aggressive, regional wide acquisition strategy to secure a significant/strategic land/claim package within this historic silver camp. With the addition of the Silver Patch claims (1,475ha) Hi Ho Silver Resources has increased its holdings significantly. Management
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