Huldra Silver (HDA-V)
www.huldrasilver.com
47.3 million o/s
$6.8 million cash
Huldra Silver Inc. is in the business of exploring and developing high grade silver deposits.
Huldra Silver Inc. (“Huldra”) is a Vancouver based mineral exploration and development company currently focused on its 100% owned, 7,000 acre Treasure Mountain Mine and its Merritt mill and tailings facility, located approximately three hours east of Vancouver, BC. Huldra is also actively assessing other acquisition opportunities.
The Treasure Mountain Mine is a high-grade silver/lead/zinc vein hosted deposit that currently has over 4,000 metres of underground development on four levels, over a vertical strike of 295 metres. Huldra has been underground mining since May 2012 under a 60,000 tonne per year small mines permit and previously mined a 10,000 tonne bulk sample. Exploration activities are presently focused on expanding the underground resource and defining additional mineralized structures on the mine property.
Huldra began commissioning a new 200 tonne per day grinding, crushing and floatation mill at its Merritt facility, located approximately 70 minutes from the mine, in August 2012. 6,000 tonnes of stockpiled development and exploration mill feed has been shipped to the Merritt facility and is being processed to test the mill. Once testing is completed, Huldra intends to transition into processing the 10,000 tonne bulk sample and plans to commence commercial production in the first quarter of 2013.
In 1985 the Company discovered and exposed a silver rich vein for a length of 250 meters that was tested by shallow drilling in the summer of 1986. The property’s potential allowed the Company to go public in 1987 and attain a listing on the TSX-V in August of that year. In 2010 the Company added new management that began working on a new strategic focus that entailed putting the Treasure Mountain Mine into production utilizing offsite milling capability.
Company presentation Sept 2012
huldrasilver.com |
