Huldra Silver Inc in Vancouver

The Thule Copper Project, located 14 kilometres northwest of Merritt, British Columbia, includes the former Craigmont copper-iron mine, 20 contiguous mineral claims, 10 contiguous mineral leases and seven freehold properties covering a total area of 8, 272 hectares. The claims are owned 100% by Huldra Properties Inc., a wholly owned subsidiary of the Company. The former Craigmont copper-iron mine was operated by Craigmont Mines Ltd. from 1961 until 1982 when Placer, the Company’s majority shareholder, was forced to cease activity due to falling copper prices. During its operation, 34 million tonnes of ore were mined grading approximately 1.28% copper. Magnetite stockpile and tailings recovery operations continued from 1982 to 2012. In 2012, Huldra completed a helicopter aeromagnetic gradient and spectrometer survey over the entire property. A total of 903 line kilometres of magnetic data was collected. From this data package, six magnetic targets were identified along strike of the past producing Craigmont copper-iron mine. An additional six other exploration targets were identified during the data compilation and review process.