Huldra Silver Provides Additional Underground Sample Results for Treasure Mountain
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/07/12 -- Huldra Silver Inc. (TSX VENTURE: HDA) (the "Company" or "Huldra") is pleased to announce sample results from the underground exploration and resource definition program on its 100% owned Treasure Mountain Property. All of the samples presented are from the Level 2 drift and raises extending 55m to Level 1. The mine is developed on 4 levels over a vertical height of 295m following the vein down dip.
The results from the underground sampling program will be used in conjunction with previously released surface drill results in planning mine development and preparing an updated NI-43-101 compliant resource estimate. The Company expects to commence an underground drilling program in the near future for further exploration and definition of vein structures below Level 2.
The following tables are the underground chip sampling results from the Level 2 Drift and Raises on the Treasure Mountain Mine. The samples were taken at 5m intervals throughout the drift and raises. Each set of three samples (i.e. P2C1-1, P2C1-2, P2C1-3) represent one sample location at each 5m interval. Each sample location includes footwall rock, vein and hangingwall rock.
The sub-drift is approximately 22m below the level 1 drift where current mining operations are underway. The sub-drift was driven in 1988 during the mine development to explore for parallel structures between Levels 1 and 2. The samples are approximately 5m into the footwall of the raise.
All samples are delivered by truck 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 Ag are by fire assay with gravimetric finish, and over limits for Pb, Zn and Mn are by multi-acid digestion and ICP ES finish.
Technical information in this news release has been reviewed and approved by Jim Cuttle, P.Geo, a Qualified Person as defined in NI 43-101. For more information see the Company's technical report entitled "Technical Report, Project Update, Treasure Mountain Property" dated June 15, 2011, available on SEDAR at .
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 production. 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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Contacts:
Huldra Silver Inc.
Ryan Sharp
President, CEO & Director
604-647-0142
604-647-0143 (FAX)
;
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Datum: 07.05.2012 - 12:00 Uhr
Sprache: Deutsch
News-ID 143333
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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