April 11, 2007 08:30 ET

eResearch Issues Initiating Report on Hi Ho Silver Resources Inc.

TORONTO, ONTARIO--(CCNMatthews - April 11, 2007) - eResearch analysts, Nigel Heath, BBM (Accounting/Finance), CFA and Bob Weir, B.Sc., B.Comm., CFA, have written an Initiating Report on Hi Ho Silver Resources Inc. (CNQ:HIHO). Hi Ho Silver Resources is an early-stage junior mineral exploration and development company, focused on molybdenum exploration and, to a lesser extent, copper and gold. The Company has an option to acquire up to a 70% interest in the Kettle River Project, which is located in the Okanagan Highlands of south-central British Columbia. The historic resource estimate (not compliant with NI 43-101) was 20.7 million tonnes at 0.064% molybdenum.

The report's Highlights state the following:

- Strong world-wide demand for molybdenum, which is expected to continue

- Update of historic resource to NI 43-101 standards is expected by late 2007.

- Drill results at the Company's principal property, Kettle River, due shortly

- Discovery of rare and valuable rhenium provides added bonus

- Company not well known to the investing public

- Continued funding is required for planned capex program

- Thin management team at this relatively young company (IPO in August 2006)

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Hi Ho Silver Resources Inc. paid eResearch a fee of C$18,500 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

Contact Information

  • Hi Ho Silver Resources Inc.
    Fred Fisher
    President & Chief Executive Officer
    (905) 602-4653
    (905) 602-4656 (FAX)
    Bob Weir, CFA, Director of Research
    (416) 643-7643
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