Hi Ho released initial resource estimate for Carmi property

Reproduction
Thu, Aug 14, 2008

Moly Company News
Post by Melissa Pistilli, Moly Senior Reporter

Hi Ho Silver Resources released NI 43-101 compliant resource estimate for the Carmi Molybdenum property.

Fred Fisher, President/ CEO of Hi Ho Silver stated:

We are extremely excited to receive this preliminary resource estimate which we will use a guide for further exploration development and expansion of the property. We believe that the excellent logistics of the Carmi property along with the estimated .026% Mo cut off and the estimated 50 million lbs of contained Mo offer an excellent foundation from which to build upon. In addition the price of Moly continues to be strong in the face of increased global demand.

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