Huldra to Start Mining Treasure Stope Next Week

 

HULDRA SILVER PROVIDES PROGRESS UPDATE ON TREASURE MOUNTAIN AND THE MERRITT MILL

Huldra Silver Inc. has released a progress update on the mining operations at its 100-per-cent-owned Treasure Mountain property and an update on the construction of its 200-tonne-per-day mill in Merritt, B.C.

The first underground stope mining commenced in November, 2011, and has been mined over a length of 75 metres and a height of 55 metres, with an average width of 1.5 metres. An additional stope at the eastern end of level 1 of the mine, with a length of 65 metres, a height of 55 metres and an anticipated mining width of 1.5 to 1.8 metres, is fully developed and mining should begin in the next week once the ventilation system is complete. It is anticipated that it will take approximately eight weeks to mine the eastern stope.

Engineering work is being completed for the design of the crown pillar removal and backfilling of the first two stopes. Once this work is complete, the first two developed stopes will be drawn down and the remaining mill feed will be transported to the mill site. This will allow for the mining of a third developed stope between the first two stopes. The third stope has a length of 65 metres and a height of 55 metres. The estimated tonnage of mill feed from the three stopes is 55,000 tonnes.

The vein drift on level 1 has been extended approximately 20 metres farther to the east following the vein structure for exploration purposes. All samples are delivered by truck to Acme Analytical Laboratories’ facility in Vancouver, B.C., for analysis and will be published once received. With underground development substantially complete on level 1, crews will begin exploration development on level 2 of the mine in July, which will include vein drifts and crosscuts. Once the drifts are complete, exploration and development raises will be installed between levels 1 and 2.

Construction of the 200-tonne-per-day mill in Merritt is scheduled to be completed by the end of July. All major structures and equipment are in place.

Technical information in this news release has been reviewed and approved by Al Beaton, PEng, a qualified person as defined in National Instrument 43-101.

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