Vancouver, British Columbia, December 29, 2011 - Hi Ho Silver Resources' (CNSX:HHS) (Frankfurt:H9T) Stewart Jackson PhD, P.Geo discusses the history of, and potential for, the company's Royal Attwood Project, located in the prolific Greenwood mining district of British Columbia.
InvestmentPitch.com has posted this video (http://www.investmentpitch.com/media/1142/Hi_Ho_Silver_Resources_Inc._CNSX:_HHS_Stewart_Jackson/) on InvestmentPitch.com. If this link is not enabled, please visit www.InvestmentPitch.com (http://www.investmentpitch.com/) and enter "Hi Ho" in the search box.
The 1,800 hectare Royal Attwood Property is approximately 7 kilometres south of the Phoenix Mine, which produced 30 million tonnes grading 1.2 grams per tonne gold, 8.5 grams per tonne silver and 1% copper.
Hi Ho Silver and Golden Dawn Minerals (TSXV:GOM) commenced a 2,500 metre diamond drill program in the second week of November. Golden Dawn holds an option to earn a 100% interest in this property, and has granted Hi Ho Silver an option to earn in a 50% interest by contributing 57.5% of all costs incurred by Golden Dawn, who is the operator for the project.
The Royal Attwood Project has been the subject of comprehensive large-scale historical geochemical and geophysical surveys. A recent Titan 24 survey produced more than 30 potential Electromagnetic anomalies of interest. The coincidence of extensive gold in soil geochemical anomalies with large AeroTEMEM and Magnetic anomalies suggests that there is exploration potential for sizeable gold deposits related to either an intrusive related gold-copper system, intrusive related high sulphide skarn system or possibly volcanogenic related massive sulphide zones.
The company has several other properties including:
- An active molybdenum exploration property (Mt. Thomlinson) with known, non NI 43-101 compliant resources.
- The Carmi molybdenum property with published NI 43-101 compliant resources.
- A large claim block (Inlet Property) located less than 10 kilometres from the former Amax mine, presently being reopened by Avanti Resources.
- Three other grass-routes stage exploration projects.
The company is close to wrapping up a flow-through and a non flow-through private placement offering with units priced at $0.07. Each unit consists of one common share and one share purchase warrant, where each warrant is exercisable into one common share at $0.15 for a period of one year from the closing date.
Hi Ho Silver Resources currently trades at $0.045, and with approximately 66 million shares outstanding the company is capitalized at $3 million.
For more information on the projects or the current flow-through offering, please visit Hi Ho Silver's website at www.hihoresources.com (http://www.hihoresources.com/), or contact the company's President, Dennis McKnight at 604-630-6788 or email dennis@hihosilverresources.com (mailto:dennis@hihosilverresources.com).
InvestmentPitch.com is a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals. InvestmentPitch.com specializes in producing short, three minute videos based on news releases and research reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan@investmentpitch.com (mailto:bmorgan@investmentpitch.com)
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
