Huldra Silver Inc. (TSX: V.HDA, Stock Forum) said its upcoming underground diamond drill program for the summer of 2013 will generate a National Instrument 43-101 compliant resource estimate.
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.
According to the Huldra Silver press release, the underground drill program is designed to systematically test for mineralization from Level 1 to 20 metres below Level 2 at the Treasure Mountain Mine.
The program will be comprised of 61 holes, for a total program of 4,400 metres.
The underground drill program follows up on mineralization identified by the company's 2011 surface diamond drilling program.
Highlights of the targets identified included over 1.2 metres of 7,013 grams per tonne silver, 21.82% lead, 19.63% zinc and 4.9% manganese in hole TM11-26 that intersected the vein structure approximately 10 metres above the Level 2 drift.
Furthermore, an 8,000 metre surface program is anticipated in the summer of 2013, with the drilling spread across four separate targets.
The drilling is designed to test targets identified through geochemical soil sampling and airborne geophysics.
Huldra is an exploration and development company with a focus on its Treasure Mountain project in B.C.
On Friday morning, Huldra was trading at $1.46 a share. The company has a market cap of $71.2 million, based on 48.8 million shares outstanding. The 52-week high and low was $1.77 and $0.85 respectively.