HI HO SILVER SCOUTS MINING PROSPECTS RELATED TO PORT
posted on
Sep 10, 2015 03:03PM
Engaged in the Acquisition and Development of Mineral Properties
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VANCOUVER, CANADA, September 9, 2015 – Hi Ho Silver Resources Inc., CNQ symbol HHS, “HHS”, OTC symbol “HHSRF”, Stuttgart Symbol “H9T”, announces today that it is reviewing mineral properties in the Port Alberni Area prospective for construction materials to potentially supply the proposed LNG export facility to be located near Port Alberni, British Columbia, Canada.
It has been reported by the Times Colonist, October 29, 2013, “Port Alberni perfect for LNG plant: Premier”. The following is extracted from the article: “Clark said there’s been significant international interest in a Port Alberni LNG facility, which could be a huge job generator for the community….. The Port Alberni Harbour Authority has secured 750 hectares of land for port growth. It is proposing two projects — a large container deep sea transshipment facility and an LNG export plant…”
Dennis H. McKnight, President and CEO of Hi HO said, “The proposed LNG projects in British Columbia offer us an opportunity to participate in providing the required construction materials to build the projects and related infrastructure that will be required to support the LNG projects. We have focused on the Port Alberni LNG project area since it provides for the unencumbered westernmost Canadian sea access. The Port Alberni Port Authority has shown its approval for this type of large scale LNG project by offering an area for the proposed LNG export facility.” Mr. McKnight also stated, “ I personally called the Port Authority and spoke with Zoran Knezevic with the Port Alberni Port Authority and they have confirmed that the land is set aside. Two other LNG export projects that have garnered media attention are priced in the range of $30 to $40 Billion as announced by the Petronas LNG Consortium and the Shell LNG consortium.”
About LNG (liquefied natural gas)
LNG natural gas is abundant, naturally occurring, safe, and reliable and has been distributed to customers in British Columbia via pipelines for over fifty years. It is odorless, colorless, non-toxic and non-corrosive and evaporates upon contact with air. The Canadian federal government is supportive of the export of LNG as it has issued one Export Licence to the Shell LNG consortium at Kitimat, B.C. The B.C. Provincial government is also supportive of LNG export facilities as evidenced by news story by CBC news of July 25, 2015, entitled “Michael de Jong heads to Malaysia to try and close LNG deal.”
About the Company
Hi Ho Silver Resources Inc. is a Vancouver based mineral exploration company dedicated to the exploration and development of precious and base-metal mineral deposits in North America and elsewhere.
This press release was reviewed by Stewart A. Jackson PhD, P.Geol, an independent Qualified Person as defined by National Instrument 43-101.
On Behalf of the Board of Directors,
Dennis H McKnight,
President & CEO
For further information please contact:
Dennis McKnight
C.778-868-9424 778-868-9424
Email: dennis@hihoresources.com
Website: www.hihoresources.com
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this news release.
Forward-Looking Statements
This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate’, “continue”, “estimate”, “expect”, “may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com.