And guess what. Another result report today:
"2007-04-12 12:29 ET - News Release
Mr. Fred Fisher reports
HI HO SILVER DRILLS 94.89 METRES OF 0.106 % MOS2
Hi Ho Silver Resources Inc. is releasing results from the third hole of a recently completed diamond drilling program on the Carmi (Kettle River) molybdenum property located in southwestern British Columbia. Hi Ho has an option to acquire up to a 70-per-cent interest in the property from St. Elias Mines Ltd.
Hi Ho has completed an initial drilling program of eight holes totalling 1,821 metres. The drill program has been designed to test chargeability anomalies developed from results of a recently completed 3-D-IP geophysical survey and to confirm grades reported from previous drilling.
Hole 07-192, drilled in the E zone, returned values from 4.57 metres to 99.46 metres (94.89 metres) of 0.106 per cent MoS2 and 0.021 gram per tonne rhenium.
The first two holes (06-190 and 06-191), completed in December, 2006, and reported on Feb. 6, 2007, are reported in the accompanying table. The last six holes (07-192 through 07-197) were completed during February and March, 2007. Results of the last five holes are pending.
Results of geochemical analyses of all holes received to date are given in the accompanying table.
Hole ID From (m) To (m) Interval MoS2 Re
(m) (%) (g/t)
06-190 3.05 142.36 139.31 0.128 0.055
Including 3.05 16.82 13.77 0.268 0.122
Including 33.88 55.28 21.4 0.225 0.086
06-191 282.09 443.71 161.62 0.033 0.012
Including 388.8 443.71 54.91 0.057 0.015
Including 402.72 421.73 19.01 0.109 0.015
07-192 4.57 99.46 94.89 0.106 0.021
Note: MoS2 times 0.5994 equals Mo
Drill hole 07-192 twinned a previously completed, 1974 drill hole, 74-V-7, which returned 0.130 per cent MoS2 over 94.59 metres (4.57 m to 96.04 m). Hole 07-192 was drilled vertically to a depth of 189.28 metres and intersected the E zone breccia almost continually from surface to 100 metres depth.
Approximately 21,533 metres of drilling, mostly within the E zone and Lake zone, has been carried out by previous operators. This work resulted in the definition and publication of a resource, not compliant with National Instrument 43-101, of an open pittable drill indicated molybdenum resource calculated for each body. The E zone was estimated to contain 17 million tonnes (18.7 million tons) grading 0.105 per cent MoS2 and the Lake zone, about 750 metres west of the E zone, was estimated to contain 3.7 million tonnes (4.1 million tons) grading 0.110 per cent MoS2...."
So it seems that the pre-43-101 (Historical estimates) will be proven. HIHO (onCNQ) closed at $1.70.
Names can be distracting!
alen
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