eResearch

eResearch

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)

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive Internet distribution network. eResearch does not trade in the securities of the companies it covers, nor does it accept any stock related compensation for research services. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

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)
    Email: info@hhsr.ca
    Website: www.hhsr.ca
    or
    eResearch
    Bob Weir, CFA, Director of Research
    (416) 643-7643
    Email: bweir@eresearch.ca
    Website: www.eresearch.ca
    To subscribe to eResearch and then view/download the report