Huldra Silver Inc. Announces Entry Into Mill Purchase and Services Agreement
June 21 2011 - 2:27PM
Marketwired
Huldra Silver Inc. (the "Company" or "Huldra Silver") (TSX VENTURE:
HDA) is pleased to announce that it has entered into a Purchase and
Service Agreement with Canadian Royal Mining Corporation of
Chilliwack, BC, to acquire a two hundred (200) ton per day modular
silver, lead, zinc process plant. The mill is expected to be
delivered to the Company's milling property in Merritt, BC, in the
third quarter of 2011 and will take approximately three months to
commission and assemble.
APPOINTMENT OF CORPORATE SECRETARY
The Company has appointed Kathleen Nosek as Corporate Secretary.
Ms. Nosek has 10 years of administrative experience. Prior to
joining the Company, Ms. Nosek spent three years working in the
resource sector with Global Mining Management Corp., a private
service company based in Vancouver.
RESIGNATION OF DIRECTOR
The Company also wishes to announce that David Chong has
resigned as a director of the Company effective as of June 20,
2011. "I would personally like to thank David for his outstanding
commitment to the Company as an active director since the Company
went public in 1987. The wisdom and guidance he has provided has
been instrumental in ensuring the Company's future growth," stated
Ryan Sharp, CEO and Director.
TREASURE MOUNTAIN PROGRESS UPDATE
A 48 man modular camp has been installed in the Treasure
Mountain mining camp. All services are expected to be connected
before the end of the month. A small crew, situated at a temporary
camp, has been working on road maintenance and camp construction.
Once the full camp is installed, the Company expects that full
exploration and development programs will commence.
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. 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
statements that the mill is expected to be delivered to the
Company's property in the third quarter of 2011 and will take
approximately three months to assemble and commission; that the
Company expects the services at the new camp to be connected before
the end of the month; that the Company expects full exploration and
development at Treasure Mountain to commence once the full camp is
installed; 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) any number of events or causes which may
delay delivery of the mill or construction of the new camp, (2) a
downturn in general economic conditions in North America and
internationally, (3) the inherent uncertainties and speculative
nature associated with silver exploration, (4) a decreased demand
for silver, (5) 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, (6) the risk that the Company
does not execute its business plan, (7) inability to finance
operations and growth, (8) inability to obtain all necessary
permitting and financing, and (9) 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 604-647-0142
604-647-0143 (FAX) ryan@huldrasilver.com or IR@huldrasilver.com
www.huldrasilver.com
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