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HDA

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Share Name Share Symbol Market Type
TSXV:HDA TSX Venture Common Stock
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Huldra Silver Provides an Update on the Current Underground Diamond Drilling Program and Mining Progress at the Treasure Moun...

16/05/2013 1:57pm

Marketwired Canada


Huldra Silver Inc. ("Huldra" or the "Company") (TSX VENTURE:HDA) is pleased to
provide an update of the current underground drilling program and mining
progress at the Treasure Mountain Mine, British Columbia, Canada.


Preliminary(i) assay results have been received for the first 5 holes of the
underground drill program. Highlights include:




--  825.5 g/t Ag; 6.74% Pb and 9.43% Zn over 1.12m true width in Hole
    TMUD13-1. 
--  202 g/t Ag; 0.41% Pb and 13.07% Zn over 1.02m true width in Hole TMUD13-
    2. 
--  593.2 g/t Ag; 5.21% Pb and 1.23% Zn over 1m true width in Hole TMUD13-4.
--  356 g/t Ag; 4.64% Pb and 21% Zn over 0.61m true width in Hole TMUD13-5.



A table summarising the significant results of the first 5 holes is presented below.



--------------------------------------------------------------------------
                                            LENGTH
HOLE ID     SAMPLE #      FROM        TO        (m) Ag g/t    Pb %    Zn %
--------------------------------------------------------------------------
TMUD13-1     1980295     59.37     59.55      0.18    3070   23.96    7.99
TMUD13-1     1980297     59.55     60.16      0.61   10.25    0.10    0.84
TMUD13-1     1980299     60.16      60.5      0.34    1100    9.53   25.60
--------------------------------------------------------------------------
TMUD13-1                 TRUE WIDTH           1.12   825.5    6.74    9.43
--------------------------------------------------------------------------
TMUD13-2     1980362     49.39     49.98      0.59     343    0.63   22.10
TMUD13-2     1980364     49.98     50.41      0.43    8.58    0.10    0.67
--------------------------------------------------------------------------
TMUD13-2                 TRUE WIDTH           1.02     202    0.41   13.07
--------------------------------------------------------------------------
TMUD13-3     1980402     37.45     37.58      0.13     138   1.255    2.67
--------------------------------------------------------------------------
TMUD13-3                 TRUE WIDTH           0.12     138   1.255    2.67
--------------------------------------------------------------------------
TMUD13-4     P912016     66.21     66.57      0.36     291    3.58    3.15
TMUD13-4     P912018     66.57     66.92      0.35    5.82    0.10    0.51
TMUD13-4     P912019     66.92     67.08      0.16    3780   25.57    0.74
TMUD13-4     P912020     67.08     67.38       0.3     145    1.85    0.46
TMUD13-4     P912022     67.38      67.8      0.42     448    5.50    0.92
--------------------------------------------------------------------------
TMUD13-4                 TRUE WIDTH              1   593.2    5.21    1.23
--------------------------------------------------------------------------
TMUD13-5     P912056      40.6     41.22      0.62     356    4.64      21
--------------------------------------------------------------------------
TMUD13-5                 TRUE WIDTH           0.61     356    4.64      21
--------------------------------------------------------------------------



Samples were analysed ALS Chemex at their Vancouver laboratory. ALS Chemex
Vancouver is an ISO 9001:2000 certified lab. Samples were prepared by crushing
to 70% less than 2mm, riffle splitting off up to 250g and then pulverising the
split to better than 85% passing 75 microns. A 0.25g sample was then digested
using a 4-acid digest and the solution was analysed by multi-element ICP-AES.
Ag, Pb and Zn overlimits were analysed using the ME-OG62 method. Ag overlimits
greater than 1500 g/t Ag were analysed by 30g fire assay with gravimetric
finish. 


(i)The results are preliminary in nature as all reference materials and blanks
submitted with the drill core have passed QA/QC verification. However, some
duplicate tests did not fall within tolerance. Affected certificates have been
returned to ALS Chemex for investigation and the results published here provide
only an indication of the probable grade for the intercepts. 


Since the underground drill program began in late March, 2013, a total of 1923m
of HQ sized diamond drill core from 21 drill holes has been completed. The total
length of the drill program is expected to be 4,700m spread over 54 holes. The
preliminary results from the first 5 holes are located approximately 60 - 80
metres west of Stope 1 and 120 - 140 metres west of the area currently being
mined between Level 1 and the surface. Drill holes TMUD13-1 and TMUD13-2 have
identified mineralisation between Level 1 and Level 2, whereas Hole TMUD13-4 has
identified mineralisation 20m below Level 2 at the western edge of the target
area. Drill hole TMUD13-8, which tests for mineralisation 40m below Level 2 was
extended and intercepted vein material which lies into the hangingwall of the
Level 3 main haulage drift. The 0.44m intercept (not converted to true width) is
a mix of siderite and massive galena. Assays are pending. A diagram of the
underground drill program is available on the Company website at
www.huldrasilver.com.


Mining continues, with Stope 2 currently in production. To date, the Company has
mined the stope over 65m in length, with a vertical height of 12m and a width of
1.7m. Stope 2 is the third stope to be mined from the uppermost level of the
mine. Preliminary(i) composite assay results have been received for the first
four lifts of the stope and are presented in the table below.




------------------------------------------------------
Sample ID      Width (m)    Ag g/t      Pb %      Zn %
------------------------------------------------------
S2L1-1              1.72    1095.7       7.7       9.1
------------------------------------------------------
S2L1-2              1.63     661.2       5.5       3.5
------------------------------------------------------
S2L1-3              1.82    1140.3      19.1       3.3
------------------------------------------------------
S2L1-4              1.32     233.5       2.0       6.4
------------------------------------------------------
S2L1-5              1.12     171.2       2.1       0.7
------------------------------------------------------
S2L1-6              1.48      97.4       1.1       0.1
------------------------------------------------------
S2L1-7              0.92       1.2       0.0       0.0
------------------------------------------------------
S2L1-8              0.87     537.4       4.2       1.0
------------------------------------------------------
S2L1-9              1.44     850.5       6.9       3.6
------------------------------------------------------
S2L2-4              1.57     155.2       0.9       1.0
------------------------------------------------------
S2L2-5              2.17     597.9       6.6       7.7
------------------------------------------------------
S2L2-6              1.32    1080.6       5.7       9.8
------------------------------------------------------
S2L2-7              2.03      20.8       0.1       0.3
------------------------------------------------------
S2L2-8              1.94     143.9       1.7       1.1
------------------------------------------------------
S2L2-9              1.02     106.1       0.2       0.9
------------------------------------------------------
S2L2-10              1.1    2216.2      19.4       6.2
------------------------------------------------------
S2L2-11             1.05      10.6       0.1       0.4
------------------------------------------------------
S2L2-12             1.13     363.6       2.4       1.5
------------------------------------------------------
S2L2-13              1.2      54.9       0.3       0.6
------------------------------------------------------
S2L2-14              1.5     133.9       0.8       0.3
------------------------------------------------------
S2L2-15             1.21     556.8       0.8       0.3
------------------------------------------------------
S2L2-16             0.77      23.6       0.3       0.1
------------------------------------------------------
S2L2-17             1.35      85.8       2.6       0.1
------------------------------------------------------
S2L3-1              1.83     115.7       0.2       1.3
------------------------------------------------------
S2L3-2              1.96     174.5       0.7       0.5
------------------------------------------------------
S2L3-3              1.97     302.4       1.0       1.2
------------------------------------------------------
S2L3-4              1.56    1473.0      16.8       7.5
------------------------------------------------------
S2L3-5              1.67     850.3      11.3       5.0
------------------------------------------------------
S2L3-6              1.79     766.6       9.4       2.9
------------------------------------------------------
S2L3-7              1.38    2170.3      20.6       3.1
------------------------------------------------------
S2L3-8              1.12     276.9       0.6       4.1
------------------------------------------------------
S2L3-9              1.01     148.4       0.8       2.1
------------------------------------------------------
S2L3-10             1.17     185.5       1.5       0.7
------------------------------------------------------
S2L3-11             1.23     235.6       2.1       0.2
------------------------------------------------------
S2L3-12             1.36     115.0       1.5       0.2
------------------------------------------------------
S2L3-13             1.24       6.2       0.1       0.1
------------------------------------------------------
S2L3-14             1.17       1.0       0.0       0.0
------------------------------------------------------
S2L3-15             1.51       3.1       0.0       0.0
------------------------------------------------------
S2L3-16             1.22      89.4       0.1       0.1
------------------------------------------------------
S2L3-17             1.56      35.8       0.4       0.1
------------------------------------------------------
S2L3-18             0.71    1179.4       9.4       2.7
------------------------------------------------------
S2L4-1              1.31      14.6       0.0       0.0
------------------------------------------------------
S2L4-2              1.83      56.2       0.5       0.4
------------------------------------------------------
S2L4-3               1.6      10.9       0.5       0.1
------------------------------------------------------
S2L4-4               1.6      44.4       0.1       0.0
------------------------------------------------------
S2L4-5              1.26       3.8       0.0       0.0
------------------------------------------------------
S2L4-6              1.21      10.4       0.1       0.2
------------------------------------------------------
S2L4-7              1.25      26.6       0.6       0.2
------------------------------------------------------
S2L4-8              1.79       6.4       0.1       0.2
------------------------------------------------------
S2L4-9               1.4     141.0       0.7       1.2
------------------------------------------------------
S2L4-10             1.22     175.5       1.3       1.2
------------------------------------------------------
S2L4-11             1.32     834.4       4.2       2.5
------------------------------------------------------
S2L4-12             1.22     603.9       4.4       3.9
------------------------------------------------------
S2L4-13              1.4      14.2       0.1       0.1
------------------------------------------------------
S2L4-14             1.55      22.7       0.1       1.1
------------------------------------------------------
S2L4-15             1.58      37.3       0.2       2.2
------------------------------------------------------
S2L4-16                2     158.2       2.1       0.8
------------------------------------------------------
S2L4-17              2.6     813.4       5.8       2.5
------------------------------------------------------
S2L4-18             1.53    3163.3       3.4       3.6
------------------------------------------------------
S2L4-19             1.75      29.9       0.1       0.3
------------------------------------------------------
S2L4-20             1.38      16.9       0.2       0.3
------------------------------------------------------
S2L4-21              1.3     660.5       2.7       6.0
------------------------------------------------------



Samples were analysed ALS Chemex at their Vancouver laboratory. ALS Chemex
Vancouver is an ISO 9001:2000 certified lab. Samples were prepared by crushing
to 70% less than 2mm, riffle splitting off up to 250g and then pulverising the
split to better than 85% passing 75 microns. A 0.25g sample was then digested
using a 4-acid digest and the solution was analysed by multi-element ICP-AES.
Ag, Pb and Zn overlimits were analysed using the ME-OG62 method. Ag overlimits
greater than 1500 g/t Ag were further analysed by 30g fire assay with
gravimetric finish. The sample notation is to be read as: S2-"L(i)"-"A" where:
S2 refers to Stope 2, "L(i)" refers to the Lift being sampled, -"A"- refers to
the particular chip line within the lift. Sampling occurred on 3m spacings where
possible, however not all areas of the lifts could be sampled at 3m intervals. 


(i)The results are preliminary in nature as all reference materials and blanks
submitted with the chip samples have passed QA/QC verification. However, some
duplicate tests did not fall within tolerance. Affected certificates have been
returned to ALS Chemex for investigation and the results published here provide
only an indication of the probable grade for the samples.


The rehabilitation of the historical raises on Levels 4 is complete with assays
of up to 1680 g/t Ag over 0.28m true width identified in Raise 14. The
mineralization is associated with a dyke and is potentially a separate structure
from the "C" vein. Mineralisation is of the same style exhibited elsewhere
within the Treasure Mountain Mine - being a narrow vein, steeply dipping
structure where the main sulphide minerals being argentiferous galena and
sphalerite. The mineralisation identified during the sampling lies on the
hangingwall side of the dyke contact. 


The results presented in the table below are preliminary in nature as all
reference materials and blanks submitted with the chip samples have passed QA/QC
verification. However, some duplicate tests did not fall within tolerance.
Affected certificates have been returned to ALS Chemex for investigation and the
results published here provide only an indication of the probable grade for the
samples.




--------------------------------------------------------------
Sample #        Length    Ag g/t      Pb %      Zn %      Cu %
--------------------------------------------------------------
1979808           0.27       308      3.00      6.51      0.08
--------------------------------------------------------------
1979809           1.13      57.3      0.59      1.06      0.02
--------------------------------------------------------------
1979834           0.15       579      5.97      9.23      0.14
--------------------------------------------------------------
1979810           0.41      40.6      0.51      1.55      0.01
--------------------------------------------------------------
1979811           0.73      78.9      0.67      1.89      0.03
--------------------------------------------------------------
1979812           0.22      23.5      0.19      0.39      0.01
--------------------------------------------------------------
1979814           0.55      1280     19.85     19.25      0.39
--------------------------------------------------------------
1979815           0.85      20.1      0.18      0.51      0.01
--------------------------------------------------------------
1979816            0.3       345      2.50     11.45      0.34
--------------------------------------------------------------
1979818            0.9      8.66      0.07      0.22      0.00
--------------------------------------------------------------
1979820           0.42       379      3.76     19.60      0.14
--------------------------------------------------------------
1979821            0.8     10.65      0.16      0.37      0.00
--------------------------------------------------------------
1979822           0.32       123      0.96      3.13      0.06
--------------------------------------------------------------
1979823           1.06      12.3      0.14      0.42      0.01
--------------------------------------------------------------
1979824            0.2       118      0.76      2.65      0.04
--------------------------------------------------------------
1979826           1.24      7.95      0.07      0.16      0.01
--------------------------------------------------------------
1979827           0.16       598      3.85     16.65      0.18
--------------------------------------------------------------
1979829            1.4      8.13      0.09      0.21      0.00
--------------------------------------------------------------
1979830            0.2       249      2.47      8.41      0.51
--------------------------------------------------------------
1979831            1.3      6.48      0.10      0.47      0.00
--------------------------------------------------------------
1979832           0.25       948      2.85     11.50      0.11
--------------------------------------------------------------
1979833            1.5      7.02      0.08      0.21      0.00
--------------------------------------------------------------
1979836           0.28      1680      4.43      7.04      0.30
--------------------------------------------------------------
1979837           1.26      35.5      0.62      3.49      0.03
--------------------------------------------------------------
1979838           0.41       159      1.15      6.13      0.07
--------------------------------------------------------------
1979839           0.97      1.56      0.02      0.04      0.00
--------------------------------------------------------------
1979840           0.33      4.09      0.05      0.04      0.00
--------------------------------------------------------------
1979841            0.8      0.62      0.00      0.01      0.00
--------------------------------------------------------------



Samples were analysed ALS Chemex at their Vancouver laboratory. ALS Chemex
Vancouver is an ISO 9001:2000 certified lab. Samples were prepared by crushing
to 70% less than 2mm, riffle splitting off up to 250g and then pulverising the
split to better than 85% passing 75 microns. A 0.25g sample was then digested
using a 4-acid digest and the solution was analysed by multi-element ICP-AES.
Ag, Pb and Zn overlimits were analysed using the ME-OG62 method. Ag overlimits
greater than 1500 g/t Ag were further analysed by 30g fire assay with
gravimetric finish.


Information in this news release, related to the underground diamond drill
program, has been approved by Mark Williams, P. Geo. Information in this news
release related to mining activities has been approved by Al Beaton, P. Eng and
Mine Manager. For more information about the Company's Treasure Mountain
Property, see the technical report entitled "Technical Report, Project Update,
Treasure Mountain Property" dated June 7, 2012, available under Huldra's profile
on SEDAR at www.sedar.com.


About Huldra

Huldra Silver is a fully integrated silver mining, exploration and development
company. The Company is currently mining at its Treasure Mountain Project,
located three hours east of Vancouver, B.C, utilizing it's offsite mill for
processing mill feed at the Company's property outside of Merritt, B.C. The
Company is also actively assessing other opportunities for acquisition and
development.


On behalf of the Board of Directors

Ryan Sharp, MBA, President, CEO & Director

FOR FURTHER INFORMATION PLEASE CONTACT: 
Huldra Silver Inc.
Ryan Sharp
604-647-0142
ryan@huldrasilver.com / IR@huldrasilver.com
www.huldrasilver.com

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