Huldra Silver Provides Additional Drill Results from the 2011 Exploration Program at Treasure Mountain That Includes 1,565 Gr...
February 14 2012 - 7:00AM
Marketwired Canada
Huldra Silver Inc. (TSX VENTURE:HDA) (the "Company" or "Huldra") today is
pleased to provide additional results from the 2011 exploration program at
Treasure Mountain. The results of additional assays from the last 24 holes
received included 1,565 grams per tonne Ag, 13.47% Pb, 9.92% Zn and 4.76% Mn
over 1.2 metres in hole TM11-36 that intersected the vein structure
approximately 15 metres below the Level 2 Drift, about which the Company had
only limited information previously. Additional results were disclosed in the
Company's press releases dated November 23, 2011.
The following is a summary of drill results (lengths are not considered true width):
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HOLE-ID FROM TO LENGTH m AG_OZ/ton PB% ZN% AG_PPM MN%
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TM11-29 no significant results
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TM11-30 35.33 36.29 0.96 5.22 3.43 0.85 179.00 9.40
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TM11-31 89.01 89.56 0.55 0.34 0.11 0.24 11.80 4.38
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TM11-32 53.95 54.77 0.82 4.31 2.44 0.04 148.00 11.36
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TM11-32 118.00 124.58 6.58 0.32 0.07 0.12 11.14 1.78
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TM11-33 146.28 148.44 2.16 0.64 0.29 0.56 21.97 4.99
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TM11-34 73.26 75.26 2.00 0.40 0.03 0.03 13.60 1.79
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TM11-34 87.42 89.42 2.00 3.24 0.31 0.17 111.00 2.91
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TM11-34 115.66 115.99 0.33 2.86 1.23 0.06 98.00 2.33
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TM11-35 37.79 38.71 0.92 1.19 0.08 0.16 40.80 7.17
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TM11-35 123.12 123.56 0.44 6.94 1.00 0.31 238.15 1.26
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TM11-36 85.35 86.37 1.02 2.79 0.08 0.07 95.70 7.08
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TM11-36 137.26 138.50 1.24 0.58 0.28 0.23 20.00 1.45
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TM11-36 144.51 145.71 1.20 45.62 13.47 9.92 1564.85 4.76
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TM11-37 103.36 104.01 0.65 1.26 0.20 0.03 43.23 6.43
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TM11-38 53.63 54.42 0.79 0.41 0.08 0.21 13.93 5.08
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TM11-38 133.85 142.34 8.49 2.72 1.31 0.51 93.14 2.11
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TM11-39 18.60 18.85 0.25 2.54 0.07 0.23 87.20 5.19
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TM11-39 98.95 104.85 5.90 0.99 0.35 0.16 33.97 2.64
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TM11-40 30.47 30.80 0.33 0.58 0.22 0.09 19.80 6.48
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TM11-41 8.00 8.23 0.23 1.55 1.58 0.03 53.20 2.61
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TM11-41 89.91 90.09 0.18 2.87 0.67 0.29 98.40 2.77
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TM11-42 19.87 22.02 2.15 0.56 0.17 0.09 19.29 1.69
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TM11-42 108.00 108.54 0.54 4.85 0.38 0.72 166.44 0.78
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TM11-42 113.21 113.46 0.25 0.70 0.29 0.18 23.90 2.04
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TM11-45 11.78 14.79 3.01 0.29 0.10 1.13 9.96 3.94
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TM11-46 37.06 37.54 0.48 14.94 2.54 3.20 512.29 3.55
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TM11-47 21.72 23.24 1.52 0.31 0.16 0.40 10.80 4.52
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TM11-47 34.63 35.09 0.46 50.41 6.00 5.49 1729.00 4.02
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TM11-48 25.83 26.07 0.24 130.41 49.94 17.55 4473.00 2.15
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TM11-48 35.06 35.48 0.42 31.92 5.22 5.10 1095.00 6.16
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TM11-49 21.68 21.87 0.19 5.86 3.80 1.67 201.00 12.07
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TM11-50 17.23 17.46 0.23 0.85 0.06 0.77 29.20 8.18
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TM11-50 23.04 24.07 1.03 0.32 0.20 1.58 11.00 8.38
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TM11-50 33.31 33.42 0.11 22.24 7.90 3.25 763.00 2.44
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TM11-51 98.47 98.93 0.46 2.06 0.30 0.14 70.50 2.85
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51 diamond drill holes were drilled over a total length of 5,073 metres on the
main mine development, with the objective of further defining resources on the
upper 150 metres of the mine.
The upper two levels of development are also being sampled underground at 5 m
spacing including all drifts and raises. The results from these samples will be
released as soon as assay results are received and compiled.
Ryan Sharp, CEO, states, "The multiple vein structures we are encountering in
the drill core will be instrumental in planning our future underground
exploration and development. We are currently using this data, along with the
underground sampling, to plan the next two phases of development."
A location map of the drill holes can be viewed on the Company website at
www.huldrasilver.com.
Laboratory Procedures and Quality Assurance
Drill core is logged by a geologist and cut at predetermined intervals using a
diamond saw. One half of the sample is archived onsite and the other half is
trucked to Acme Analytical Laboratories' facility in Vancouver, BC, where the
sample is crushed, split and pulverized to -200 mesh. A 0.5 gram portion of the
pulp is then digested in hot aqua regia and analyzed for 31 elements by ICP MS
method. Over limits for silver are determined by fire assay with gravimetric
finish, and for lead, zinc and manganese by multi-acid digestion and ICP ES
finish.
Certified standard reference material ("SRM"), including core duplicates and
blanks, have been inserted into each sample shipment at a frequency of
approximately one SRM per ten samples.
Technical information in this news release has been reviewed and approved by Jim
Cuttle, P. Geo, a Qualified Person as defined by NI 43-101. Details of the
Company's Treasure Mountain property can be found in its NI 43-101 technical
report entitled "Technical Report, Project Update, Treasure Mountain Property,
Tulameen River Area, B.C. Canada" dated effective June 15, 2011, which is
available on SEDAR at www.sedar.com.
About Huldra
Huldra is currently working on plans to put its Treasure Mountain Project,
located 3 hours east of Vancouver, BC, into development, subject to permitting
and financing utilizing an offsite mill being constructed at the Company's
property outside of Merritt, BC. 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
Disclaimer for Forward-Looking Information
This press release contains projections and forward-looking information that
involve various risks and uncertainties regarding future events related to the
Company's proposed exploration plans and its plans to put the Treasure Mountain
Property into development. Such forward-looking information can include
statements based on current expectations involving a number of risks and
uncertainties and are not guarantees of future performance of the Company, such
as the Company's ability to finance its planned exploration; the Company's
ability to source the necessary infrastructure to effect its exploration plans;
current economic conditions and the state of mineral exploration and mineral
prices in general. These risks and uncertainties could cause actual results and
the Company's plans and objectives to differ materially from those expressed in
the forward-looking information. The Company can offer no assurance that its
exploration and development plans will be completed in the time expected or at
all. These and all subsequent written and oral forward-looking information are
based on estimates and opinions of management on the dates they are made and
expressly qualified in their entirety by this notice. Except as required by law,
the Company assumes no obligation to update forward-looking information should
circumstances or management's estimates or opinions change.
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