Huldra Silver Inc. Receives Stockpile Assays Averaging 645 g/t Ag, 5.05% Pb and 3.2% Zn at Treasure Mountain and the Receipt of
November 08 2010 - 8:00AM
Marketwired
Huldra Silver Inc. (TSX VENTURE: HDA) (the "Company" or "Huldra
Silver") is pleased to announce assay results from an ore stockpile
of adit and raise materials removed during development work between
1987-1989. The samples were taken between September 25 and 26, 2010
by independent QP Erik Ostensoe, P.Geo and averaged 645 gm/t Ag,
5.05% Pb and 3.2% Zn. The existing stockpiles had nine trenches cut
over the entire width at varying depths and each of the nine
composite samples were taken over the entire length of each trench.
All samples were analyzed at the ACME laboratory in Vancouver,
B.C., a full service, ISO 9001:2008 accredited analytical
laboratory. All lab quality control protocols were observed.
The stockpiles contain an estimated 6000 tonnes of ore based on
surface measurements of the existing piles. The Company is
currently exploring options for custom milling of the ore and has
placed corresponding metallurgical samples in storage pending the
outcome.
Mineral Exploration Tax Credits
The Company also wishes to announce that it has received
$162,707 in British Columbia Mineral Exploration Tax Credits
("METC") for the years 2007-2009.
Assay results from 17 HQ sized diamond drill holes are still
pending and will be released as soon as the results have been
received from the laboratory and compiled.
Technical information in this news release has been reviewed and
approved by Erik Ostensoe, P. Geo., the Company's independent
Qualified Person as defined by NI 43-101. Huldra Silver is
currently working on plans to put the Treasure Mountain Project,
located 3 hours east of Vancouver, BC, into development subject to
permitting and financing. 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
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking
statements, which reflect the expectations of management regarding
the Company's overall business development objectives and plans.
Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs,
plans, expectations or intentions regarding the future, and include
discussion of the Company's planned work to be undertaken as a
result of the Company's receipt of the Mines Act Permit, and that
the Company intends to put the Treasure Mountain Project into
development. Such statements are subject to risks and uncertainties
that may cause actual results, performance or developments to
differ materially from those contained in the statements. No
assurance can be given that any of the events anticipated by the
forward-looking statements will occur or, if they do occur, what
benefits the Company will obtain from them. These forward-looking
statements reflect management's current views and are based on
certain expectations, estimates and assumptions which may prove to
be incorrect. A number of risks and uncertainties could cause the
Company's actual results to differ materially from those expressed
or implied by the forward-looking statements, including: (1) a
downturn in general economic conditions in North America and
internationally, (2) the inherent uncertainties and speculative
nature associated with silver exploration, (3) a decreased demand
for silver, (4) any number of events or causes which may delay
exploration and development of the Company's property interests,
such as environmental liabilities, weather, mechanical failures,
safety concerns and labour problems, (5) the risk that the Company
does not execute its business plan, (6) inability to finance
operations and growth, (7) inability to obtain all necessary
permitting and financing, and (8) other factors beyond the
Company's control. These forward-looking statements are made as of
the date of this news release and the Company assumes no obligation
to update these forward-looking statements, or to update the
reasons why actual results differed from those projected in the
forward-looking statements, except in accordance with applicable
securities laws. Additional information about the Company and these
and other assumptions, risks and uncertainties is available in the
Company's public filings with Canadian securities regulators,
available on SEDAR at www.sedar.com.
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.
Contacts: Huldra Silver Inc. Ryan Sharp, MBA President, CEO
& Director 604-818-1486 ryan@huldrasilver.com or
IR@huldrasilver.com www.huldrasilver.com
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