BRITISH COLUMBIA – Vancouver’s Huldra Silver has made an application for a small mine permit to develop and operate the Treasure Mountain silver-base metal project. The application allows for up to 75,000 tonnes a year of ore removal, however, the company plans to mine only 60,000 t/y.
The Treasure Mountain property has a total of 2,750 metres of underground development on four levels completed between 1987 and 1989 before the project was shut down due to low silver prices. It never reached production. Huldra is planning to use shrinkage stoping and develop the levels in succession from the top of the mine to the lowest current level. Work at Treasure Mountain is now being done under a 10,000-tonne bulk sample permit.
In 2009 the 43-101 estimate listed a “vein indicated” resource (using a 311 g/t cutoff) of 33,000 tonnes grading 829.7 g/t Ag, 4.16% Pb, and 3.8% Zn. The inferred resource is 120,000 tonnes at 925.5 g/t Ag and 4.36% Zn.
The process design and all metallurgical testing have been completed for a 180-t/d milling operation. Until it is operational, the ore will be transported to Lower Nicola.
Huldra became the owner of the Treasure Mountain property when it completed the acquisition of Craigmont Mines at the end of March 2011. Details are posted at www.HuldraSilver.com.