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Huldra Silver Inc. Provides Update on Drill Drift Progress
Published : January 25, 2013
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Keywords :   Diamond | Market | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2013) - Huldra Silver Inc. (News - Market indicators) ("Huldra" or the "Company") is pleased to provide an update on the development of their two underground drill drifts at the Treasure Mountain Mine. As noted in an earlier press release dated November 23, 2012, Huldra plans to develop two Diamond drill drifts on Level 2. The purpose of the drill drifts is to allow for the systematic testing of mineralisation between Level 1 and Level 2, with further drill testing for mineralisation 20m below Level 2.

As of January 23, 2013, development of the western Diamond drill drift is complete. The eastern Diamond drill drift has been advanced 37m. In total, the development of the two drill drifts is now over 60% complete.

While driving the western drill drift, a previously unknown mineralised structure was intersected. Two samples of vein material were collected from the structure. The first sample, composed primarily of siderite with lesser amounts of sphalerite graded 110ppm Ag, 0.79% Pb and 1.94% Zn. The second sample consisted of a mix of galena, sphalerite and siderite and graded 530ppm Ag, 6.2% Pb and 2.11% Zn*. The width of the structure is variable, ranging from approximately 0.1m up to approximately 0.25m. Mineralisation is also variable throughout the structure; however, the presence of this structure highlights the untested nature of the Treasure Mountain deposit. The newly identified structure lies 45m into the footwall of the main "C" vein at Treasure Mountain. To date, there has been no drill testing for structures into the footwall of the deposit and the hangingwall side of the deposit remains to be tested at depth.

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.

* Samples were analysed by ALS Chemex at their Vancouver laboratory, an ISO 9001:2000 certified laboratory. Samples were prepared by crushing to 70% less than 2mm, riffle splitting off 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. Pb and Zn over limits were analysed using the ME-OG62 method. Ag was analysed by 30g fire assay with gravimetric finish.

About Huldra

Huldra is currently mining at its Treasure Mountain Project, located three hours east of Vancouver, BC, utilizing an offsite mill for processing mill feed 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 of HULDRA SILVER INC.

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 release.

Huldra Silver Inc.
Ryan Sharp, MBA
President, CEO & Director
(604) 647-0142
(604) 647-0143 (FAX)
ryan@huldrasilver.com
or
Huldra Silver Inc.
IR@huldrasilver.com
www.huldrasilver.com
Companies Mentionned : Galena | Huldra Silver | Total |
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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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Annual reports of Huldra Silver
2007 Annual Report
Financings of Huldra Silver
5/20/2015Closes Second Tranche of Convertible Debenture Financing
5/19/2015Announces Second Tranche of Convertible Debenture Financing
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
10/23/2012Announces Closing of Third Tranche and Closing of Financing
10/12/2012Announces Closing of Second Tranche of Financing
12/22/2010Announces the Close of Two Non Brokered Private Placements f...
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
2/18/2011(Treasure Mountain Project)Announces Land Acquistion and Exploration and Development Up...
12/6/2010(Treasure Mountain Project)Receives Drill Core Sample Results With Assays Up to 13736 g...
12/6/2010(Treasure Mountain Project)Receives Drill Core Sample Results With Assays Up to 13736 g...
1/1/1989(Treasure Mountain Project)Preliminary geology of the Treasure Mountain Deposit
Corporate news of Huldra Silver
5/29/2015Huldra Silver Announces Name Change and Share Consolidation
5/20/2015Huldra Silver Closes Second Tranche of Convertible Debenture...
5/19/2015Huldra Silver Announces Second Tranche of Convertible Debent...
3/4/2015HULDRA SILVER INC. ANNOUNCES SHARE SURRENDER AGREEMENT
2/26/2015HULDRA SILVER INC. ENTERS INTO MINING AND MILLING PROFIT SHA...
11/24/2014HULDRA SILVER INC. ANNOUNCES CLOSING OF $7 MILLION FINANCING...
11/24/2014IIROC Trading Resumption - HDA
11/24/2014Huldra Silver Inc. Announces Closing of $7 Million Financing...
11/24/2014HULDRA SILVER INC. ANNOUNCES NEW BOARD MEMBER DOUG F. ROBINS...
11/21/2014IIROC Trading Halt - HDA
9/24/2014Huldra Creditors Approve Restructuring Plan and Huldra Provi...
9/19/2014Huldra Silver Provides Update on CCAA Proceedings and Restru...
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...
3/1/2013Announces That It Has Received US$2,228,043 From Smelter Pay...
1/25/2013Provides Update on Drill Drift Progress
11/23/2012Announces Initial 2013 Exploration Plans at the Treasure Mou...
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...
4/1/2011Announces Entry Into Agreement to Acquire Craigmont Holdings...
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