HI HO SILVER RESOURCES FAVOURABLY LOCATED IN TWO
posted on
Sep 10, 2015 03:05PM
Engaged in the Acquisition and Development of Mineral Properties
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VANCOUVER, CANADA, September 9, 2015 – Hi Ho Silver Resources Inc. (“Hi Ho”, CSE symbol “HHS”, OTC symbol “HHSRF”, Stuttgart Symbol “H9”), wishes to provide an update on ongoing exploration activity relative to its mineral holdings in both Labrador and Quebec, Canada.
Hi Ho owns 100% of the historic Plugger Hill nickel occurrence located in the nickel belt of Labrador, south of the Voisey’s Bay Nickel Mine, and a short distance from lands recently acquired by Equitas Resources Corp. Equitas has recently completed new geophysical methodology which outlined several reported deep anomalies, and has scheduled a drilling program in that area. Earlier exploration following the Voisey’s Bay nickel discovery utilized techniques that penetrated a lesser depth than the currently employed equipment and procedures.
Hi Ho also owns 100% interest in ground lying only a few kilometers from the major Grassett Nickel discovery currently undergoing intense drilling to depth by Balmoral Resources. Balmoral today announced that on-going expansion drilling has successfully extended the vertical depth of the core of the H3 Ni-Cu-PGE Zone by over 30%.
Both the Labrador and the Grassett Lake exploration project areas held by Hi Ho are in good standing until 2016 or 2017, allowing Hi Ho time to consider its exploration options.
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
Phone: 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.
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.