Huldra Silver Inc.
TSX VENTURE : HDA

Huldra Silver Inc.

April 23, 2013 07:00 ET

Huldra Silver Provides an Update to the Diamond Drilling Program, Mining Progress and Increased Concentrate Shipments at the Treasure Mountain Mine, British Columbia, Canada

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 23, 2013) - Huldra Silver Inc. ("Huldra" or the "Company") (TSX VENTURE:HDA) is pleased to provide an update of the current underground drilling program and mining progress at the Treasure Mountain Mine, British Columbia, Canada. The Company is also pleased to announce that as of April 22, 2013, Lead/Silver concentrates shipped to the smelter have already exceeded the March totals with an estimated 166 dry metric tonnes shipped during the month.

Since the underground drill program began in late March, 2013, a total of 919m over 10 holes have been completed. The total length of the drill program is expected to be 4,700m over 54 holes. Assays will be reported once they have been received from the laboratory and compiled.

Mining continues, with Stope 2 currently in production. To date, the Company has mined the stope over 65m in length, with a vertical height of 8.7m and a width of 1.7m. Stope 2 is the third stope to be mined from the uppermost level of the mine. The rehabilitation of the remaining historical raises on Levels 3 and 4 is nearing completion with sampling of these areas expected to be complete in early May, 2013.

As of April 22, 2013 approximately 166 dry metric tonnes of Silver/ Lead concentrates and 130 dry metric tonnes of Silver/Zinc concentrates have been shipped to the smelter for payment during the month of April, 2013. The recent changes to the milling operations have significantly increased production with the ramp up expected to continue until early in the third quarter.

The Company would also like to announce that it has made all required payments in connection with the acquisition of Huldra Properties Inc. (formerly Craigmont Holdings Ltd.) and the mortgages granted to secure payment of the purchase price have been discharged.

Information in this news release, related to the underground diamond drill program, has been approved by Mark Williams, P. Geo. Information in this news release related to mining activities has been approved by Al Beaton, P. Eng and Mine Manager. 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.

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 an 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.

Contact Information