Sample 63974: 0.81 g/t Au, 9221 g/t Ag, 1.02% Cu, 1.14% Pb, 1.03% Zn from a composite sample of reddish oxide material.
All samples were analyzed at the Eco Tech Laboratory in Kamloops, B.C., a full service, ISO 9001:2008 accredited analytical laboratory. All lab quality control protocols were observed. Please refer to the press release dated August 25, 2010 for more information regarding the data.
In 2011, Huldra Silver followed up on the 2010 spot sampling with a focused soil sampling grid over the M.B. Zone area as well as an airborne geophysical survey of the entire Treasure Mountain property. The results from the geochemical sampling identified a zone containing anomalous values for silver, lead, zinc, copper, antimony and manganese. The results show a mineralized trend, striking north-east, over approximately 780m strike length. The anomalous values indicate that not only is a mineralizing fluid present in the area, but also that the fluid has the potential to form tetrahedrite mineralisation, as well as lead-silver and zinc-silver mineralization. Tetrahedrite is a sulphosalt mineral with the potential to incorporate significant amounts of silver into the mineral.
The geophysical survey in the area of the M.B. Zone also showed that the anomalous geochemical results sit on the margin of a prospective magnetic susceptibility feature, of the same magnetic intensity as the feature which hosts the Treasure Mountain mine.
Historic geological work on the Western edge of the M.B. Zone identified a structure known as the Cal-Vein. Trenching along the Cal-Vein, conducted during 1993, exposed a vein 21m in length and open in all directions. Grades across the structure were variable, with assays of the vein ranging from 258.7g/t Ag to 650.8 g/t Ag, with an average grade of 439.8 g/t Ag. Widths across the vein averaged 0.17m.
Samples were analyzed by ACME Analytical Laboratories Ltd. (1993) using a 0.5g acid digest with AA finish. The certificate was accepted by Coast Mountain Geological as being acceptable for reporting.
Based on the evidence to date, the Company believes that the M.B. Zone holds the potential to host another polymetallic silver-lead-zinc vein or veins, similar in nature to the veins seen within the Coeur d'Alene district, Idaho or the Keno Hill mining camp, Yukon Territory.
Technical information about geology in this news release has been reviewed and approved by Mark Williams, P. Geo. and has relied on data previously collected by Erik Ostensoe, P. Geo and Coast Mountain Geological.
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.
Disclaimer for Forward-Looking Information
This press release contains projections and forward-looking information that involve various risks and uncertainties related to the Company's expectation that the M.B. Zone holds the potential to host another polymetallic silver-lead-zinc vein or veins. Such forward-looking information can include statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as the Company's ability to finance its planned exploration and development; the Company's ability to source the necessary infrastructure to effect its exploration plans; current economic conditions and the state of mineral exploration, and mineral prices in general. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. The Company can offer no assurance that its exploration and development plans will be completed in the time expected or at all. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change. Additional information about assumptions, risks and uncertainties are set out in the section entitled "Risk Factors" in the Company's MD&A filed on SEDAR at www.sedar.com.
Huldra Silver Inc.