Huldra Silver Provides Update on Stoping Results for Level 1, Number 3 Stope and the Hiring of an Additional Geologist
Published : September 10, 2012
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Keywords :   Australia | Canada | Lead | Market | New Zealand | Report | Silver | Zinc |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2012) - Huldra Silver Inc. (News - Market indicators) (the "Company" or "Huldra") today provides an update on stoping results for the Level 1, Number 3 stope. Underground chip sample results have been received from Lifts 1, 3, 6 and 7. The average grade of the samples over the mined widths is 1001.1 g/tonne Ag, 1.73% Zn, 2.86% Mn and 6.58% Pb over an average width of 1.84 metres. The following table provides the results from the chip samples, diluted across the stope widths.

  Sample   Width   Ag   Zn   Mn   Pb  
  ID #   metres   g/t   %   %   %  
  S3L1-1   1.77   344.4   1.33   5.15   3.66  
  S3L1-2   2.02   486.5   2.28   3.69   4.08  
  S3L1-3   2.23   5873.4   6.67   3.47   10.26  
  S3L1-4   1.97   2517.0   1.94   3.24   12.70  
  S3L1-5   1.27   947.8   4.77   3.54   10.35  
  S3L1-6   2.01   705.2   2.21   2.82   10.73  
  S3L1-7   1.31   164.2   0.27   2.17   1.01  
  S3L1-8   1.79   1046.0   1.72   2.89   11.37  
  S3L1-9   1.69   261.9   0.20   2.08   1.31  
  S3L1-10   1.57   732.0   1.05   1.68   6.84  
  S3L3-1   1   3749.5   3.07   1.65   22.81  
  S3L3-2   1.65   537.4   1.47   2.40   3.91  
  S3L3-3   1.8   226.1   0.28   1.44   0.91  
  S3L3-4   1.5   490.3   0.51   3.36   5.82  
  S3L3-5   2.05   1760.1   2.13   5.29   10.06  
  S3L3-6   1.6   1332.4   1.55   4.59   7.42  
  S3L3-7   1.8   1294.8   1.82   3.64   10.25  
  S3L3-8   2.23   891.3   0.56   2.39   2.20  
  S3L3-9   1.88   1437.8   1.27   1.54   12.80  
  S3L3-10   2.3   636.4   1.90   2.40   5.38  
  S3L3-11   2.1   2663.4   1.76   4.15   19.77  
  S3L3-12   1.5   1581.9   3.62   4.23   6.94  
  S3L3-13   1.39   939.2   0.37   2.66   10.33  
  S3L6-1   1.07   720.2   1.61   5.27   1.92  
  S3L6-2   1.76   598.7   2.92   1.52   5.16  
  S3L6-3   1.31   14.2   0.50   0.56   0.33  
  S3L6-4   1.34   1565.9   0.77   1.05   11.86  
  S3L6-5   1.78   992.7   0.81   2.77   5.50  
  S3L6-6   2.14   438.4   1.12   7.69   2.01  
  S3L6-7   2.26   1007.1   1.93   1.54   6.42  
  S3L6-8   1.38   65.4   0.91   1.09   0.87  
  S3L6-9   1.76   1443.0   2.72   1.37   7.98  
  S3L6-10   2.04   2435.1   2.53   2.64   30.05  
  S3L6-11   1.86   889.7   5.76   3.60   8.28  
  S3L6-12   1.9   509.6   1.47   1.30   2.41  
  S3L6-13   1.72   485.3   0.06   1.90   2.85  
  S3L7-1   2.20   126.2   0.07   6.11   2.12  
  S3L7-2   2.00   267.9   0.37   0.59   1.46  
  S3L7-3   1.30   6.3   0.03   0.33   0.05  
  S3L7-4   1.45   830.4   1.53   4.09   3.95  
  S3L7-5   2.30   862.4   1.04   1.49   6.83  
  S3L7-6   2.00   1059.6   4.06   3.91   6.08  
  S3L7-7   1.90   904.4   0.79   1.57   8.31  
  S3L7-8   2.04   151.2   0.38   1.20   2.23  
  S3L7-9   2.22   501.3   0.82   2.85   3.43  
  S3L7-10   1.97   2064.2   6.09   4.82   7.53  
  S3L7-11   2.10   257.7   3.28   2.00   2.15  
  S3L7-12   2.35   45.8   0.35   3.11   0.50  
  S3L7-13   3.35   190.3   0.16   3.02   1.35  

Note: The samples are taken on 5 metre intervals across the full width of the underground stope. The samples are for estimated mining grade purposes only. The actual grade of the material will be determined during mill processing. In the table, within the "Sample ID #" column, "S3" refers to Stope 3; "L*" refers to the Lift number and "-*" refers to the chip sample location.

All samples were delivered by truck to Acme Analytical Laboratories' facility in Vancouver, BC, where the sample was crushed, split and pulverized to -200 mesh. A 0.5 gram portion of the pulp was then digested in hot aqua regia and analyzed for 31 elements by ICP MS method. Over limits for Ag were by fire assay with gravimetric finish, and for Pb, Zn and Mn by multi-acid digestion and ICP ES finish.

Huldra is also pleased to announce the hiring of Mark Williams, P. Geo., to the position of Senior Geologist. Prior to joining the Company, Mr. Williams worked in Canada, New Zealand and Australia, most recently at Alexco Resource Corp.'s silver-lead-zinc Bellekeno Mine in the Yukon. He has several years' experience in narrow vein precious metal extraction and resource delineation, including in-mine and near mine exploration.

The Company also wishes to announce that 1,435,000 stock options have been granted to certain directors, officers, employees and consultants under the Company's stock option plan. The stock option plan was re-approved by shareholders on August 7, 2012 and is available on SEDAR.

Technical information in this news release has been reviewed and approved by Mark Williams, P. Geo., a Qualified Person as defined in National Instrument 43-101. 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.

On behalf of the Board of Directors

Ryan Sharp, MBA

President, CEO & Director

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.

Huldra Silver Inc.
Ryan Sharp
President, CEO & Director
604-647-0142
ryan@huldrasilver.com
IR@huldrasilver.com
Data and Statistics for these countries : Australia | Canada | New Zealand | All
Gold and Silver Prices for these countries : Australia | Canada | New Zealand | All

Huldra Silver

EXPLORATION STAGE
CODE : HDA.V
ISIN : CA44473J1049
CUSIP : 44473J
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Huldra Silver is a silver development stage company based in Canada.

Huldra Silver holds various exploration projects in Canada.

Its main exploration property is TREASURE MOUNTAIN PROJECT in Canada.

Huldra Silver is listed in Canada. Its market capitalisation is CA$ 8.1 millions as of today (US$ 6.5 millions, € 5.9 millions).

Its stock quote reached its highest recent level on April 01, 2011 at CA$ 4.50, and its lowest recent point on May 22, 2015 at CA$ 0.01.

Huldra Silver has 403 029 984 shares outstanding.

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Financings of Huldra Silver
8/16/2013Obtains First Tranche of Dip Financing and Agrees to Engage ...
7/27/2013Obtains CCAA Protection and Announces Entry Into Term Sheet ...
2/22/2013Completes $10,000,000 Convertible Debenture Financing With A...
2/12/2013Announces Increase to Financing
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10/12/2012Announces Closing of Second Tranche of Financing
7/14/2011Announces Closing of Special Warrant and Flow-Through Specia...
6/22/2011Announces Private Placement of Special Warrants
Option Grants of Huldra Silver
5/2/2011Grant of 280,000 stock options to directors and consultants
2/18/2011(angl) Grant of 90,000 stock options to consultants and empl...
6/28/2010Grant of 340.000 stock options to directors and consultants
Nominations of Huldra Silver
7/9/2013Announces Receipt of Additional Advance Under Credit Facilit...
5/2/2011Welcomes Peter Espig to the Board and Announces Garth Braun ...
6/29/2010Election of a New Director
Project news of Huldra Silver
4/5/2013Announces Commercial Production
5/17/2011(Treasure Mountain Project)Announces 2011 Exploration Plans for Treasure Mountain
2/25/2011(Treasure Mountain Project)Announces Completion of Acquisition of Four District Lots in...
2/18/2011(Treasure Mountain Project)Announces Land Acquistion and Exploration and Development Up...
1/1/1989(Treasure Mountain Project)Preliminary geology of the Treasure Mountain Deposit
Corporate news of Huldra Silver
3/4/2015HULDRA SILVER INC. ANNOUNCES SHARE SURRENDER AGREEMENT
6/24/2013Provides an Update on Mill Efficiencies and Surface Explorat...
5/27/2013Provides an Open Letter to Shareholders
5/27/2013Provides an Open Letter to Shareholders
5/16/2013Provides an Update on the Current Underground Diamond Drilli...
5/8/2013Files Technical Report on the Thule Copper Project and Provi...
4/23/2013Provides an Update to the Diamond Drilling Program, Mining P...
1/25/2013Provides Update on Drill Drift Progress
11/12/2012Is Pleased to Provide an Update on Mill Commissioning and Mi...
11/1/2012Is Pleased to Provide an Update on Its Mill Commissioning an...
9/28/2012Retains Renmark Financial Communications Inc.
9/10/2012Provides Update on Stoping Results for Level 1, Number 3 Sto...
6/17/2011Announces Entry Into $10,000,000 Credit Facility
4/1/2011Announces Entry Into Agreement to Acquire Craigmont Holdings...
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