Hi Ho Silver Resources (CNQ:HIHO) reported that it had completed a 697 line kilometre airborne magnetic and electromagnetic survey at the TASCO Property located in the Taseko Lakes area of central British Columbia, Canada.
The 6,423 hectare TASCO property is located near the eastern limit of the Coast Plutonic Complex and has a partially defined copper-molybdenum mineralized porphyry system at its core.
In 1981 five core holes totaling 977 metres (3,205 feet) were completed in a widespread gossan zone centered on an oval shaped stock of quartz feldspar porphyry measuring 300 metres (E - W) by 600 metres (N - S). All holes returned values in Copper and Molybdenum. The best hole was hole 81-2 that intersected an impressive 289 metres (947 feet) grading 0.28% copper and 0.023% molybdenum. Molybdenum content increased to the bottom of the hole with the last 33 metres grading 0.079% Mo.
The Company also reported that it had completed a third round of drilling at the Carmi project during the period November to December 2007. Results from this program which includes several holes in the Lake zone are pending.