HULDRA SILVER PROVIDES ADDITIONAL DRILL RESULTS FROM THE 2011 EXPLORATION PROGRAM AT TREASURE MOUNTAIN THAT INCLUDES 1565 GRAMS PER TONNE AG OVER 1-2 METRES IN HOLD TM11-36
Vancouver, British Columbia – February 14, 2012 – Huldra Silver Inc. (TSX-V: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):
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.
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
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.
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.