VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 05/27/13 — Huldra Silver Inc. („Huldra“ or the „Company“) (TSX VENTURE: HDA) is pleased to provide an open letter from the President and CEO to shareholders to outline the Company-s going-forward objectives, as well as highlight key milestones achieved over the past three years. The Company-s near-term mining objectives include:
Three years ago the Company commenced an exploration and development program with the objective of putting the Treasure Mountain Mine into production. Despite volatile equity markets, the Company was singularly focused on this goal. We would like to take this opportunity to review those achievements and congratulate the entire team on their efforts but more so provide focus on where we are planning on taking the Company over the next three years.
Grassroots Exploration
Over the past three years, the Company has been following up on previous exploration work and utilizing modern exploration methods to provide new exploration targets. We have highlighted 4 high priority targets for drilling in 2013 but that is not the limit of the potential for the entire property.
Mining
The Company began opening up existing underground drifts on 4 levels in 2010 and this was completed in 2011. There is currently over 4000 metres of underground development on 4 levels over a down dip of 350 metres and a strike of 250 metres. The deposit is open at depth and to the east for future development and exploration.
Milling
The Company purchased the former Craigmont Copper Mine in Merritt, British Columbia in May 2011 for a total purchase price of $8 million with the final payment made in April 2013. The purpose of the acquisition was for constructing an expandable 200 tonne per day crushing/grinding/floatation mill. The property consists of 966 acres of fee simple land, 347 hectares of mining leases and 8456 hectares of mineral claims. The property covers a large area along the southern extents of the Guichon Batholith 25 kilometers south of the Highland Valley copper mine.
The objectives of the Company are to:
The Company has spent $15,180,379 developing and exploring the Treasure Mountain Mine property over the past 3 years and $28,352,307 acquiring the Merritt Mill Property and developing the plant and tailings facility. The Company has $29,556,533 in property, plant and equipment exclusive of the mineral rights and permitted mines as of December 31, 2012.
Ryan Sharp, President and CEO states, „The team we have built at Huldra has made tremendous achievements over the past three years and we are more excited about our opportunities over the next three years. Our long-term objective is to turn Huldra in to a premium mid-tier silver producer.“
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.
Contacts: Huldra Silver Inc. Ryan Sharp 604-647-0142 604-647-0143 (FAX) /
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