Huldra Silver Provides Update on Concentrate Shipments and Mill Operations
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/18/13 -- Huldra Silver Inc. (TSX VENTURE: HDA) (the "Company") is pleased to announce that, since November, 2012 it has shipped a total of 227 dry metric tonnes of lead/silver concentrates and 149 dry metric tonnes of zinc concentrates to a smelter under the terms of previously announced concentrate purchase agreements. The Company has received provisional payments representing approximately 85% of the total receipts for the first 139.38 dry metric tonnes of lead/silver concentrates and 131.6 dry metric tonnes of zinc concentrates. Final receipts will be released once independent assays have been confirmed.
The Company continues to make adjustments to the mill equipment and processes to maximize metallurgical recovery and throughput. Due to an unusual amount of precipitation in November and December, additional temporary measures have been put in place to handle higher moisture content in the mill feed. A number of permanent adjustments to the operation are also being evaluated and implemented. There are still minor modifications and adjustments being made to the equipment and processing that require brief stoppages from time to time. The Company expects to be running at the nameplate 200 tonnes per day capacity in the near future.
On behalf of the Board of Directors of
HULDRA SILVER INC.
Ryan Sharp, MBA, President, CEO & Director
This press release contains projections and forward-looking information that involve various risks and uncertainties related to the Company's expected timing to achieve the nameplate 200 tonnes per day capacity at its mill. Such forward-looking information involves a number of risks and uncertainties and is not a guarantee of future performance of the Company. Risks and uncertainties that could prevent the Company from achieving its nameplate 200 tonnes per day capacity at the mill include the risk that factors may arise which delay the Company's ability to achieve such capacity at its mill in the near future; risks related to the supply and quality of the feed for the mill; risks related to a decrease in the demand for lead, silver or zinc concentrates; risks related to a decrease in mineral prices or to the mineral resource industry generally; general risks related to the exploration of mineral properties; and other factors beyond the Company's control. 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 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.
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, MBA
President, CEO & Director
(604) 647-0142
(604) 647-0143 (FAX)
ryan@huldrasilver.com
Huldra Silver Inc.
IR@huldrasilver.com
www.huldrasilver.com