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Hi Ho Silver Resources Ltd. is a mineral exploration company engaged in the acquisition and development of mineral properties, in particular, properties containing significant known Molybdenum, Copper and Gold assets.
The company is constantly on the lookout for first-rate properties to acquire and/or joint venture in the future, according to their economic potential.
PROPERTY OVERIVIEW
Kettle River Project (Carmi Property)
The property is located in south-central British Columbia approximately 170 miles (295km) east of Vancouver, B.C. within the prolithic Beaverdell Mining Camp. The property is comprised of 21 mineral claims with a total surface area of 525ha (1,300 acres). The claims cover a porphyry style molybdenum deposit. The target commodity on the project is molybdenum; however anomalous values of gold and silver have also been reported by previous explorers (Placer Dome) within sections of the zone.
Data compiled by a 43-101 report indicates a mineral reserve inventory of 22.8 million tons (20.7 M tonnes) grading 0.106%.
The property itself is easily accessible via a gravel road access through out the property. The terrain within the boundaries of the Kettle River Property is relatively flat having an elevations range from 1,050m to 1,200m. A moderate climate allows for exploration work to be carried out on a year-round basis and there is ample timber and water on site for all phases of exploration. Beaverdell is a mining and logging town where resource based activities is commonplace and heavy equipment and skilled labor are easily available.
Past work indicates good potential for discovering additional molybdenum mineralization within the Kettle River Property, including the good potential for the discovery of higher-grade mineralization at depth.
Tasco Copper/Moly Project
The project is located 150kms south of Williams Lake and covers 64 square kilometres within a mineral-rich region of central British Columbia. Furthermore, the property is approximately 45km north of the Prosperity Deposit (Teseko Mines) which containes 9.2 million oz Gold and 3.9 Billion Pounds Copper Deposit and approxamielty 40 km to the southeat of the Bralorne Pioneer Gold Camp which has produced in excess 4,000,000 ounces of gold
South Rim Project
Comprised of 12 mineral claims (53.5km2), the recently aquired South Rim Project lies within a mineral-rich region of central British Columbia approximately 130 kilometres south of Houston. The Property covers a zone of high-grade molybdenite float as well as a gold bearing quartz vein epithermal system. Hi Ho Silver has agreed to acquire an option to earn a 51% interest in the South Rim Project with St. Elias Mines Ltd.
Silver Tip Project
The Silver Tip project covers 2,200 acres and is located within the northeast section of the Slocan Silver Camp. Historically this camp has produced more than 75,000,000 ounces of silver between 1892 – 1993.
High-Grade Silver ore is present within the project. 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%.
Objective – To define an economic High-Grade Ore Body (Silver, Lead, Zinc) – in the 50,000 to 100,000 ton range either from within the known showings, from yet undiscovered showings or most likely from a combination of both. The value of the ore targeted is US $990 to $1,700.00 per ton. The short term gross metal value of high-grade targets is in the US $750 million dollar range. Note that the property area contains 5 documented (BC Dept of Energy, Mines & Petroleum Resources “MinFile”) mineralized showings, spatially related, that have not been subjected to a modern methodological exploration program.
ABOUT MOLYBDENITE
Molybdenum is a transition metal that is silvery white in color, fairly soft, and has one of the highest melting points of all pure elements – 2,400oF higher than steel. As a result, molybdenum is effective at hardening steel and it is used in high-strength alloys and in high-temperature steels. Corrosion resistance and strength in stainless steel uses account for approximately 75% of molybdenum consumption.
Molybdenum has a wide range of industrial usage. It is used in oil pipelines, aircraft and missile parts, and in filaments. Furthermore, it also finds use as a catalyst in the petroleum industry, such as removing organic sulfurs from petroleum products. Molybdenum metal is found in some electronic applications as the conductive layers in thin-film transistors (TFTs). Molybdenum disulfide is a good dry lubricant, especially at high temperatures. Mo-99 is produced in the nuclear isotope industry and is used as tracer. It is used to form the anode in some x-ray tubes, particularly in mammography applications. Finally, Molybdenum pigments range from red-yellow to a bright red orange and are used in paints, inks, plastics, and rubber materials.
Molybdenum currently trades in the US$33.00 per pound range. With such extensive use for Molybdenum, it is no surprise that in the past three years, molybdenum prices have soared.
Fred Fisher - President & C.E.O
Tom Murdoch - Director
Derek Ivany - Director
Isabel Alves - Investor Relations, Director
Jamie Rainbird - CFO, Director
Alan Savage - Director
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