Huldra Silver Inc.

Huldra Silver Inc.

May 08, 2013 07:00 ET

Huldra Silver Files Technical Report on the Thule Copper Project and Provides Update on April Concentrate Shipments

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 8, 2013) - Huldra Silver Inc. (TSX VENTURE:HDA) ("Huldra" or the "Company") is pleased to announce that it has filed a technical report titled "TECHNICAL REPORT on the THULE COPPER - IRON PROPERTY, Southern British Columbia, Canada" for the Thule Copper Project. The company is also pleased to announce that concentrate shipments in April have increased by 42% for lead/silver and 18% for zinc/silver over the previous month.

The Thule Copper Project, located 14 kilometres northwest of Merritt, British Columbia, includes the former Craigmont copper-iron mine, 20 contiguous mineral claims, 10 contiguous mineral leases and seven freehold properties covering a total area of 8,272 hectares. The claims are owned 100% by Huldra Properties Inc., a wholly owned subsidiary of the Company.

The former Craigmont copper-iron mine was operated by Craigmont Mines Ltd. from 1961 until 1982 when Placer, the Company's majority shareholder, was forced to cease activity due to falling copper prices. During its operation, 34 million tonnes of ore were mined grading approximately 1.28% copper. Magnetite stockpile and tailings recovery operations continued from 1982 to 2012.

In 2012, Huldra completed a helicopter aeromagnetic gradient and spectrometer survey over the entire property. A total of 903 line kilometres of magnetic data was collected. From this data package, six magnetic targets were identified along strike of the past producing Craigmont copper-iron mine. An additional six other exploration targets were identified during the data compilation and review process.

Huldra continues to experience significant monthly increases in production and shipments of concentrates. In April, a total of 233.2 dry metric tonnes of lead/silver concentrate and 199.3 dry metric tonnes of zinc/silver concentrate were shipped to the smelter representing 42% and 18% increases respectively. The total smelter invoices representing 85% provisional payments in the month of April were US$1,662,497 plus GST. All payments are made pursuant to the previously announced concentrate purchase agreements. Provisional payments are based on the best available information at the time of invoicing. Final payments are subject to adjustment based on independent assay results and metal prices.

About Huldra

Huldra Silver is a fully integrated silver mining, exploration and development company. The Company is currently mining at its Treasure Mountain Project, located three hours east of Vancouver, B.C., utilizing its offsite mill for processing mill feed at the Company's property outside of Merritt, B.C. 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 release.

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