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The Ruddock Creek zinc/lead property is located 155 km northeast of Kamloops in the Script Range of the Monashee Mountains of southeast British Columbia. Imperial's joint venture partners, Mitsui Mining and Smelting Co. Ltd. and Itochu Corporation, have earned a 35% interest in the Ruddock Creek property by funding $14.0 million in exploration expenditures, and will earn an additional 15% working interest by funding a further $6.0 million in expenditures by March 31, 2013. At that time, the Ruddock Creek property will be held Imperial 50%, Mitsui 30% and Itochu 20%. Imperial will continue to operate the project through its wholly owned subsidiary Selkirk Metals Corp.
http://www.imperialmetals.com/s/RuddockCreek_new.asp
http://www.imperialmetals.com/s/News-2009.asp?ReportID=370526
http://www.imperialmetals.com/s/Home.asp
http://www.imperialmetals.com/s/Catface_new.asp
http://www.imperialmetals.com/s/Development_RedChris.asp
http://www.imperialmetals.com/s/MountPolley_new.asp
http://www.imperialmetals.com/s/Development_Sterling.asp
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Selkirk Shareholders Approve Merger with Imperial Metals Corporation
* Press Release
* Source: Selkirk Metals Corp.
* On 6:35 pm EDT, Friday October 30, 2009
http://finance.yahoo.com/news/Selkirk-Shareholders-Approve-ccn-490439344.html?x=0&.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 30, 2009) - Further to the news releases of Selkirk Metals Corp. ("Selkirk") (TSX VENTURE:SLK - News) dated July 27, September 15, October 6 and October 27, 2009, the special meeting of Selkirk's shareholders was held on Friday, October 30, 2009 to vote in respect of the proposed merger with Imperial Metals Corporation ("Imperial") (TSX:III - News) by way of Plan of Arrangement (the "Arrangement"). Additional information concerning the Arrangement is provided in Selkirk's information circular dated September 16, 2009, a copy of which is available on SEDAR under Selkirk's profile at www.sedar.com.
At the meeting, a special resolution approving the Arrangement (the "Arrangement Resolution") was passed by an affirmative vote of over two-thirds of the aggregate votes cast by Selkirk shareholders present in person and by proxy at the Meeting. Specifically, 96.31% of the votes cast in respect of the Arrangement Resolution were voted in favour of the Arrangement Resolution, and 3.69% of the votes cast in respect of the Arrangement Resolution were voted against the Arrangement Resolution.
Completion of the Arrangement remains subject to all necessary regulatory and court approvals. The court hearing in respect of the final court order of the British Columbia Supreme Court approving the Arrangement is scheduled to take place at 9:45 a.m. (Vancouver time), on November 2, 2009, or as soon thereafter as counsel for Selkirk may be heard.
About Imperial
Imperial is a mine development and operating company based in Vancouver, British Columbia. Imperial's key properties are the Mount Polley open pit copper/gold producing mine in central British Columbia, the Huckleberry open pit copper/molybdenum producing mine in northern British Columbia, the development stage Red Chris property in northwest British Columbia, and the development stage Sterling gold property in southwest Nevada.
About Selkirk
Selkirk is a Vancouver based mineral exploration and development company with a large portfolio of exploration properties predominantly in British Columbia. Since it commenced operating in 2005 Selkirk has focused its field operations on the exploration and development of the Ruddock Creek Zinc/lead project and the Catface copper project both of which have a defined resource and development potential.
SELKIRK METALS CORP.
Gordon Keevil, President and CEO
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 or "forward-looking information" within the meaning of Canadian securities laws. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that Selkirk expects, are forward-looking statements. Although management believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
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.
Contact:
Brian Kynoch
Imperial Metals Corporation
President
604-669-8959
www.imperialmetals.com
Gordon Keevil
Selkirk Metals Corp.
President
604-687-2038
604-687-3141 (FAX)
www.selkirkmetals.com
Imperial Metals Corporation: Arrangement Agreement with Selkirk Metals Corp. Signed
Tuesday September 15, 7:00 am ET
http://ca.us.biz.yahoo.com/iw/090915/0537171.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 09/15/09) - Imperial Metals Corporation (TSX:III - News) is pleased to announce that Selkirk Metals Corp. ("Selkirk") has signed a definitive agreement (the "Agreement") under which Imperial will acquire all of the issued and outstanding shares of Selkirk (the "Transaction").
Under the terms of the Agreement, each holder of common shares of Selkirk (other than holders exercising dissent rights) may elect to receive either $0.12 cash for every share of Selkirk held, or one common share of Imperial for every 30 shares of Selkirk held. If no election is made by a Selkirk shareholder, such holder will be deemed to have elected to receive cash.
Imperial shall not be required to issue more than 2,200,000 of its common shares in connection with the Transaction. If elections made by Selkirk shareholders would result in the issuance of more than 2,200,000 common shares of Imperial, such number of Imperial common shares will be allocated among such electing holder on a pro-rata basis, with the balance of the consideration payable in cash.
Imperial and Selkirk anticipate that the Transaction will be carried out by way of a statutory plan of arrangement whereby Imperial will acquire all of the issued shares of Selkirk, and Selkirk will become a wholly-owned subsidiary of Imperial.
The completion of the Transaction is subject to a number of conditions, including: the approval of the Supreme Court of British Columbia to the Plan of Arrangement; approval of the Selkirk shareholders at a special meeting of Selkirk shareholders to consider the Transaction, to be held on October 30, 2009; not more than 10% of the Selkirk shares exercising their right to dissent to the Transaction; and approval of the Transaction by the TSX Venture Exchange and the Toronto Stock Exchange and any other applicable regulatory authorities. There is no certainty that the Transaction will be completed as presently contemplated, or at all.
Pursuant to the terms of the Agreement, Imperial will issue options to holders of all of Selkirk's outstanding options that provide for rights to acquire common shares of Imperial comparable to those previously held to acquire shares of Selkirk, with such necessary adjustments to reflect the exchange ratio described above.
Subject to the completion of the above conditions, the Transaction is expected to be completed in November 2009.
Imperial is a mine development and operating company based in Vancouver, British Columbia. Imperial's key properties are the Mount Polley open pit copper/gold producing mine in central British Columbia, the Huckleberry open pit copper/molybdenum producing mine in northern British Columbia, the development stage Red Chris property in northwest British Columbia, and the development stage Sterling gold property in southwest Nevada.
Selkirk is a Vancouver based mineral exploration and development company with a large portfolio of exploration properties predominantly in British Columbia. Since it commenced operations, Selkirk has focused on the exploration and development of the Ruddock Creek Zinc/lead project and the Catface copper project. Both properties have a defined resource and development potential.
Selkirk recently issued a NI 43-101 compliant resource report entitled "Mineral Resource Estimate Ruddock Creek Project-Kamloops Mining Division, British Columbia" (summarized in Selkirk News Release July 20, 2009). Selkirk also recently filed a NI 43-101 compliant resource report for the Cliff Zone on the Catface Project, entitled "Mineral Resource Estimate Catface Copper Project-Alberni Mining Division, Vancouver Island, British Columbia" (summarized in Selkirk News Release September 2, 2009).
For further information on Selkirk Metals Corp. please contact Gordon Keevil, President at 604-687-2038 or visit their website at www.selkirkmetals.com.
Contact:
Contacts:
Imperial Metals Corporation
Brian Kynoch
President
604.669.8959
604.687.4030 (FAX)
Imperial Metals Corporation
Andre Deepwell
Chief Financial Officer
604.488.2666
Imperial Metals Corporation
Sabine Goetz
Investor Relations
604.488.2657
info@imperialmetals.com
www.imperialmetals.com
Source: Imperial Metals Corporation
Selkirk Metals Corp.: 43-101 Mineral Resource Estimate for Catface Copper Project
Wed Sep 2, 7:00 AM
http://ca.news.finance.yahoo.com/s/02092009/28/link-f-ccnmatthews-selkirk-metals-corp-43-101-mineral-resource-estimate.html
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2009) - Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE: SLK.V) is pleased to provide this 43-101 compliant resource for the Cliff Zone on the Catface Project, British Columbia. The report, dated August 31, 2009, entitled "Mineral Resource Estimate Catface Copper Project - Nanaimo Mining Division, Vancouver Island, British Columbia", was prepared by Ronald G. Simpson, P.Geo. of GeoSim Services Inc. and Jim Chapman, P. Geo., "qualified persons" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
The mineral resource estimate for the Cliff Zone is presented in the table below. The base-case cut-off grades for the sulfide and mixed material are 0.2% Cu and 0.3% Cu respectively. Based on the metallurgical work to date the oxide material (greater than 66% CuO/Cu) is not considered recoverable at this time and there is not sufficient tonnage to consider a separate plant to recover oxide Cu. The resource blocks were constrained by a Lerchs-Grossmann pit shell envelope assuming a Cu price of $2.00/lb, 87% recovery, mining and processing costs of $8.00/tonne and a constant pit slope angle of 45.
Catface Open Pit Mineral Resource
------------------------------------------------------
INDICATED INFERRED
-------------------------------------------
Ore Type Tonnes 000's Cu % Tonnes 000's Cu %
------------------------------------------------------
Sulfide 43,968 0.41 230,063 0.38
------------------------------------------------------
Mixed 12,895 0.38 32,386 0.40
------------------------------------------------------
Total 56,863 0.40 262,448 0.38
------------------------------------------------------
The mineral resource for the Catface Deposit was estimated by ordinary kriging constrained by a 3D solid model based on a 0.2% Cu grade shell. Block dimensions were 15x15x15 metres. The deposit has been tested by 76 core holes drilled between 1962 and September, 2008. Cutting of high-grade assays for Cu was not implemented as statistical analysis of the constrained grade distribution showed no significant outliers or high-grade populations.
This resource estimate is based on the portion of the Cliff Zone that has been drilled or tested in sufficient detail. The Cliff Zone remains open and is one of three zones of mineralization (Cliff, Irishman Creek and Hecate Bay Zones) that have been discovered on the Property to date. Previous exploration of the Catface deposit was conducted by Falconbridge Limited from discovery in 1960 through 1989, and included extensive surface exploration and several phases of surface diamond drilling, and underground diamond drilling from an 825 metre adit through the centre of the deposit.
In 2008, Selkirk entered into a Memorandum of Understanding with the Ahousaht First Nation and subsequently completed a diamond drilling program, the first exploration program on Catface in over 30 years. The Company has recently received approval for the proposed next phase of operations, including gaining road access to the work area by rehabilitating existing access roads. Exploration plans include continued definition and delineation drilling of the Cliff Zone for engineering purposes, expanding the initial high grade mineralization at the Irishman Creek zone, where Falconbridge drill hole #68-39 intersected 155.4m of 0.63% copper, and drill testing of the Hecate Bay Zone. Future exploration plans include rehabilitation of the 825 meter adit to allow for underground bulk sampling and diamond drilling. The Company will also continue with baseline environmental sampling.
The Catface Copper Property is owned 100% by Catface Copper Mines Limited, which is a subsidiary of Selkirk Metals Corp. The Property is located on Catface Mountain, on the West Coast of central Vancouver Island, BC. Selkirk announced on July 27, 2009 a Letter of Intent to merge with Imperial Metals Corporation by way of the Plan of Arrangement, subject to shareholder and regulatory approval. One of the goals of this proposed merger is to facilitate ongoing exploration and development of the Catface Porphyry Copper Prospect.
The contents of this news release has been reviewed by the Company's Qualified Person (as defined by NI 43-101), Jim Chapman, P.Geo.. A full text version of the Catface Copper Project mineral resource estimate will be filed on SEDAR and will be available at www.sedar.com under the Company's profile and can also be found by visiting the Company's website at www.selkirkmetals.com.
Corporate Update
At its Meeting of Shareholders held on July 22, 2009, the Company received shareholder approval of its rolling stock option plan which sets the number of common shares which may be issued pursuant to options previously granted, and those granted under the Plan, to a maximum of 10% of the issued and outstanding common shares at the time of the grant, in accordance with the policies of the TSX Venture Exchange (the "Exchange"). The number of shares which may be reserved for issuance to any one individual, may not exceed 5% of the issued shares on a yearly basis, or 2% if the optionee is engaged in investor relations activities or is a consultant. The Stock Option Plan was approved by the Exchange on August 28, 2009.
On Behalf of the Board of Directors:
Gordon Keevil, President
For further information on Selkirk Metals Corp. please visit our website at www.selkirkmetals.com.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of content of this press release.
Contacts
Gordon Keevil
Selkirk Metals Corp.
President
604-687-2038
604-687-3141 (FAX)
www.selkirkmetals.com
Imperial Plus Selkirk Is One Of The Few Deals Where One And One Make More Than Two
By Charles Wyatt
http://www.minesite.com/nc/minews/singlenews/article/imperial-plus-selkirk-is-one-of-the-few-deals-where-one-and-one-make-more-than-two/1058.html
It is no sudden whim this proposed takeover of Selkirk Metals by Imperial Metals Corporation, as discussions have been going on since last year. The question that has to be asked, however, is whether it would have materialised if the junior mining sector had not received such a battering at the end of last year. The terms of the deal make clear who ends up in charge, as each Selkirk shareholder can elect to receive C12 cents per share or one share in Imperial Metals for every 30 Selkirk shares. And Selkirk is going to have the right to have a single nominee on the board of Imperial. Whichever way you look at it, that looks like a takeover and the chart of the Selkirk share price tends to confirm this. The share price is currently C13.5 cents against a low of only C3 cents back in February. Set that against the current value of this paper offer at C13.7 cents, given that Imperial Metals is trading at C$4.12, and it looks like no rival bid expected then. It all seems to add up to: “ave Imperial, atque vale Selkirk” – which translates from the Latin as “Hail Imperial, Farewell Selkirk”.
A quick look back to the last quarterly results from Imperial Metals explains all. In the period to March revenue from copper production amounted to C$34.9 million, though there was actually a loss at the net income level due to a combination of hedging and the copper price. Amazing how accountants manage to make a dog’s breakfast out of profit and loss on a mining business, but the message is that Imperial Metals is a well managed mid-tier copper producer, and Selkirk Metals needs a partner with power and money to bring its Ruddock Creek project into production.
Gordon Keevil, chief executive of Selkirk, explains that back in the dog days of late 2008 he and his team had plenty of time to consider all options for the future. The underground development and diamond drilling programme had been completed at the Ruddock Creek lead-zinc project, as had the surface diamond drilling programme on the Catface copper property. Just last month a resource estimate was announced for the E Zone at Ruddock Creek and this is just one of eight known mineralised zones which have been drilled sufficiently to estimate a resource. Selkirk has been slogging away here for the past four years and though both Ruddock Creek and Catface are at advanced stages and have established resources, a whole lot of money will still have to be spent to achieve the next step towards development.
As far as Catface is concerned an MOU was signed with the Ahousaht First Nation in January 2008 and last summer the first exploration programme was carried out on the property for almost 30 years. Meanwhile Selkirk has filed an amendment to its exploration permit which allows the company to re-establish road access to the area of the main workings and conduct an expanded diamond drilling program to further define and expand the recourse. Raising finance to continue such work by an equity placing would mean hefty dilution, whereas the takeover by Imperial means that Selkirk shareholders can retain an interest in these projects within a portfolio that will now include the Mount Polley open pit copper-gold producing mine in central British Columbia, the Huckleberry open pit copper-molybdenum producing mine in northern British Columbia, the development stage Red Chris property in northern British Columbia, and the exploration stage Sterling gold property in southwest Nevada, all owned by Imperial Metals.
Apart from Sterling, all the properties in the combined portfolio are situated in British Columbia which only enhances the common sense element of the deal. This portfolio also runs all the way from early exploration through to production, and offers a diverse commodity base with a long history of exploration and mine operations within the province. Imperial is one of the best positioned mining companies in the region and has strong finances, no long term debt, a strong working capital position and well established operating experience. When making up his mind about the deal Gordon Keevil also had to bear in mind that although finance for junior exploration companies is more easily available than it was, investors are still looking for companies close to production.
It is a hard decision for directors to make to relinquish control of a company which they regard as their baby, and credit for being willing to let go must be given to Gordon Keevil and his co-directors. Both companies know each other well, as Brian Kynoch, president of Imperial Metals has been a director of Selkirk since way back. The final crunch behind the decision making comes from the production profile, which will all emanate from Imperial Metals in the early days of the enlarged company. Selkirk will play its part later. In the medium term, Red Chris could play a major role as this is seen as a billion tonne copper-gold deposit for which all necessary permits have been received and which is simply awaiting construction of the northwest corridor power line. The new Imperial Metals will certainly go down well in London and the sooner Gordon and Brian can spare time to come over and present, the better.
Imperial and Selkirk Announce Combination
Monday July 27, 8:00 am ET
http://ca.us.biz.yahoo.com/iw/090727/0522227.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 07/27/09) - Imperial Metals Corporation (TSX:III - News) and Selkirk Metals Corp. (TSX:SLK - News) are pleased to announce they have agreed to combine by way of a Plan of Arrangement, subject to shareholder and regulatory approval.
The business combination will pair Imperial's proven development, operating and financial capability with Selkirk's portfolio of development stage and advanced exploration projects. The corporation will be virtually debt free and utilize cash flow from existing operations to further explore and develop an expanded mineral asset base.
Under the terms of the agreement, each shareholder of Selkirk will receive, at the option of the holder, either $0.12 cash for each Selkirk share held or one common share of Imperial for every 30 shares of Selkirk held, provided however that Imperial shall not be required to issue more than 2.2 million shares pursuant to the exercise of the share options. In the event that Selkirk shareholders elections would result in the issuance of more than 2.2 million Imperial shares, the Imperial shares will be allocated on a pro-rata basis, with the balance being paid in cash.
Imperial is a mine development and operating company based in Vancouver, British Columbia. The Company's key properties are the Mount Polley open pit copper/gold producing mine in central British Columbia, the Huckleberry open pit copper/molybdenum producing mine in northern British Columbia, the development stage Red Chris property in northwest British Columbia, and the development stage Sterling gold property in southwest Nevada.
Contact:
Contacts:
Imperial Metals Corporation
Brian Kynoch
President
604.669.8959
Imperial Metals Corporation
Andre Deepwell
Chief Financial Officer
604.488.2666
Imperial Metals Corporation
Sabine Goetz
Investor Relations
604.488.2657
info@imperialmetals.com
www.imperialmetals.com
Source: Imperial Metals Corporation
Selkirk Metals Corp.: Banks Island Gold Project-Update
Mon Jul 6, 7:00 AM
http://ca.news.finance.yahoo.com/s/06072009/28/link-f-ccnmatthews-selkirk-metals-corp-banks-island-gold-project-update.html
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2009) - Selkirk Metals Corp. (TSX VENTURE: SLK.V) ("Selkirk" or the "Company") is pleased to provide this review of the Banks Island Gold Property which was acquired in the summer of 2007 as a result of the acquisition of Doublestar Resources Ltd. ("Doublestar"). The 100% owned Banks Island Gold Property (the "Property") is located 105 km south of Prince Rupert, BC on the west central side of Banks Island at tidewater in an area of previous mining exploration which included extensive diamond drilling and underground development. The Property covers 2990.4 ha and consists of five cell claims totalling 155 cells. The ground was originally staked when mineralization was discovered in 1960 and was extensively worked until the late 1980's by various exploration companies.
To date, 20 zones of gold mineralization have been defined within an area of approximately 25 square kilometers. The mineralization is associated with large regional structural features and related intrusive complexes and occurs in quartz veins and stockworks with varying amounts of sulphides and in skarns associated with the intrusive contacts. Four main zones, the Kim, Tel, Discovery and Bob have been the focus of the majority of exploration. The other zones have only had reconnaissance level exploration.
The following table contains a summary of unclassified resources for the main four zones. Information has been derived from Minfile Nos. 103G 021, 024, 025 and 026. While the historic data is non-43-101 compliant, the Company feels that the information is of significant benefit for the evaluation of this project.
----------------------------------------
Zone Name Tonnes Grade (g/t)
----------------------------------------
----------------------------------------
KIM 77,896 7.1
----------------------------------------
TEL 71,349 14.4
----------------------------------------
DISCOVERY 58,361 15.5
----------------------------------------
BOB 45,350 40.1
----------------------------------------
----------------------------------------
Weighted average 252,956 17.0
----------------------------------------
The Kim Deposit, amenable to open pit mining, consists of an east-west trending quartz stockwork, 20 m wide, of which only 300 m of a 1,200 m length has been explored by diamond drilling from which the resource tabulated above has been calculated. There have been 5,273 m in 73 diamond drill holes completed into the Kim Zone to a maximum depth of 180 m. The resource of the Kim Zone is calculated from the drilling to a pit depth of only 25 m and a waste:ore ratio of 4.05:1.
The Tel Deposit consists of a quartz vein and quartz breccia zones hosted in an east-west striking fault zone with lenses up to several metres in width with strike lengths varying from 20 to 100 m in length. There has been 10,778 m of diamond drilling in 92 holes completed to date.
The Discovery Zone consists of a steeply dipping gold bearing vein system, varying in width from less than a metre to several metres in thickness, trending southeast-northwest. There have been 3,680 m of diamond drilling completed in 39 drill holes into the Zone.
The Bob Zone consists of a quartz vein system hosted by a shear zone striking east-west and dipping north at 80 degrees. Underground development includes a decline for a length of 420 m to a vertical depth of 65 m. In addition, drilling has intersected the mineralization to a depth of 140 m. There have been a total of 35 drill holes totaling 2,541 m drilled into the Bob Zone.
Previous exploration companies have explored by prospecting, geological mapping, soil and geophysical surveying, trenching, diamond drilling and underground excavation. The mineralization of the four zones is similar with the sulphides in order of abundance occurring as pyrite, pyrrhotite, chalcopyrite, arsenopyrite, sphalerite, galena and molybdenite. The gold values increase relative to the amount of sulphides, especially pyrite. In 1988 Bacon Donaldson & Associates completed preliminary metallurgical studies on core and trench samples from the Kim and Tel Zones with gold recoveries of 95% by cyanidization and 85-90% by flotation.
Selkirk is planning a comprehensive surface exploration program including soil geochemical sampling, geological mapping, prospecting, trenching and diamond drilling. Most of the known gold zones have not been evaluated in any detail and together with the large (25 square kilometer) target area outlined by the mineralization represents an excellent target for new mineralized zones, from high grade deposits suitable for underground development to larger tonnage lower grade deposits that could be amenable to open pit development.
This news release has been reviewed and approved by the Company's Qualified Person (as defined by NI 43-101), Jim Miller-Tait, P.Geo., Vice President of Exploration. While the Company is completing a thorough review of its property portfolio including Banks Island, in light of current market conditions and commodity prices, the Ruddock Creek zinc-lead-silver and Catface copper porphyry projects remain the Company's highest priority projects.
On Behalf of the Board of Directors:
Gordon Keevil, President
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of content of this press release.
Contacts
Gordon Keevil
Selkirk Metals Corp.
President
604-687-2038
604-687-3141 (FAX)
www.selkirkmetals.com
Selkirk Metals (Tier1) (TSX:SLK)
Last Price (CAD)
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Bid 0.10
Ask 0.11
Volume 28,100
Day's Range 0.10 - 0.11
Click for Detailed Quote Page
Last Trade:11:46:05 EDT Jul-2-09
Selkirk Metals Corp.: Ruddock Creek Operations to Focus on Continued Resource Expansion
* On Tuesday May 5, 2009, 7:00 am EDT
http://finance.yahoo.com/news/Selkirk-Metals-Corp-Ruddock-ccn-15130313.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2009) - Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK - News) is pleased to provide this report on the Ruddock Creek Project, British Columbia. In 2008, Selkirk completed an intensive year of exploration including the completion of a 994 meter decline, a 180 meter incline cross cut to provide access for underground diamond drilling and the completion of 32 underground diamond drill holes, 31 of which successfully intersected the E Zone Massive Sulphide Mineralization. In addition, Selkirk has also completed 97 surface holes totaling 24,000 meters on the Property since 2004. Access to the areas of the underground workings was gained through the construction of a new 8 kilometer road. A 40 man camp with related shop, storage and core logging and processing facilities were also constructed and remain on site.
The Company is now in the process of finalizing a calculation of the resource currently defined within the Ruddock Creek Property and the completion of an updated 43-101 technical report. In addition, on December 12, 2008 the Company submitted a Project Description Report to the Government of British Columbia Environmental Assessment Office which, in turn, issued a Section 10 Order for the Project on February 12, 2009. The issuance of this Order is an important milestone for the Company as it represents the initiation of the development permitting process for the Ruddock Creek Project. Selkirk intends to continue consultation with the relevant government and regulatory bodies, affected communities and First Nations as part of the ongoing process to obtain the permit allowing the Project to proceed to production.
The E Zone has now been defined from surface outcrop down plunge for a length of approximately 1.2 kilometers. It is located at the eastern end of the "Ruddock Creek Sulphide Horizon" (the "Horizon"), which has been defined in sufficient detail to confirm lateral continuity over a length of approximately 5 kilometers in an east-west direction. Along the Horizon, significant zones of mineralization include the Creek, T, U, V and Q Zones. In addition to historic exploration, which resulted in the discovery of these zones, Selkirk has conducted surface mapping, sampling, airborne, ground and bore hole geophysical surveys, and to date, limited diamond drilling on the Creek, U and Q Zones.
As a result of the current economic and market conditions, Selkirk has elected in 2009 to focus its exploration efforts on defining the resource potential of the rest of the Ruddock Creek Sulphide Horizon, while continuing with engineering and development studies of the E Zone. To this end, the Company is planning detailed surface electromagnetic studies over the Ruddock Creek Sulphide Horizon. This survey will encompass the Creek Zone west through to the U Zone representing a length of approximately 2 kilometers of the Horizon. Previous drilling in the Creek Zone, includes 5.13 meters which assayed 21.27% zinc and 4.61% lead in Hole 160 and 12.6 meters which assayed 11.26% zinc and 2.44% lead in Hole 149. Results for previous drilling by Selkirk from the U Zone include 8 meters assaying 11.5% zinc and 1.15% lead in Hole U7, 14.1 meters assaying 7.59% zinc and 1.34% lead in Hole U1 and 7.7 meters assaying 21.48% zinc and 2.5% lead in Hole U2. Significant grades of zinc and lead mineralization have been discovered over mining widths in all zones on the Property. This combined with the excellent continuity observed in the E Zone clearly exhibits the potential to significantly increase the resource base within the Ruddock Creek Sulphide Horizon. The goal of future exploration programs will be to define additional tonnages of this mineralization to enhance the development potential of the project.
While the Company will continue to work towards development of the E Zone, any significant expansion of the existing resource, as a result of ongoing exploration of the balance of the Ruddock Creek Sulphide Horizon will obviously add significant value to the Property, potentially increase any planned operation and continue to enhance shareholder value.
Every exploration program that has been conducted by Selkirk over the past 4 years has been successful in continuing to expand and define the high grade zinc, lead massive sulphide deposit within the Ruddock Creek Property. Company management will strive to continue this excellent record of success and to build upon the resource that has been currently defined within the Property.
The Company has also updated its Corporate Presentation and released a Summary of Operations - March 2009 which can be viewed at the Company's website links below:
Link to Corporate Presentation: http://www.selkirkmetals.com/presentation/slide1.htm
Link to Summary of Operations: http://www.selkirkmetals.com/i/pdf/Selkirk-Summary-of-Operations-April-09.pdf
On Behalf of the Board of Directors:
Gordon Keevil, President
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of content of this press release.
Contact:
Gordon Keevil
Selkirk Metals Corp.
President
604-687-2038
604-687-3141 (FAX)
http://www.selkirkmetals.com
Selkirk Metals Has Two Company Makers On The Go Up In British Columbia
By Rob Davies
http://www.minesite.com/nc/minews/singlenews/article/selkirk-metals-has-two-company-makers-on-the-go-up-in-british-columbia/1002.html
Most juniors are content to have one project that has the potential to change their fortunes. Selkirk Metals is a bit greedier than most and is in the lucky position of having two on the shelf, either of which could transform the company. It helps of course if the starting point is low to begin with. At a C$8 million market capitalisation Selkirk won’t need to find an awful lot of metal to make a difference to its valuation. That’s one of the great attractions of small caps - you don’t need to find a massive deposit to make a massive impact on the share price.
Selkirk already knows it has five million tonnes of 7.5% zinc and 2.5% lead at its Ruddock Creek property in British Columbia. That tonnage though, is not yet 43-101 compliant. But according to Graham Keevil at Selkirk the drilling programme now underway has a good chance of doubling that figure and making it compliant. While that project is the major focus, Graham is also keen to talk about the potential of the Catface copper project on the west coast of Vancouver Island. Work by Falconbridge in the 1980s delineated a 169 million tonne porphyry copper deposit grading 0.43% copper here. Again though, this is not to 43-101 standards.
If the name Keevil rings a bell it is because Graham is the son of the legendary Gordon Keevil who is the President of Selkirk and is the driving force behind the company. While metal prices are depressed at the moment, there will come a time when these deposits will become economic, and the plan is to have everything in place to press the button as soon as conditions are right. At Ruddock underground drilling is being carried out from a 900 metre decline to test the structure below the top 250 metres that is the only part that has been investigated so far. The aim is to get 10 million tonnes with a 5:1 zinc-lead ratio, although the tipping point into making the project economic is calculated at 8.2 million tonnes. A key factor in the financial modelling is that the mineralogy is very suitable for the Trail smelter in the south of the province.
And an important milestone was achieved in early March when the company received a Section 10 Order which triggers an environmental assessment. An operation that envisages producing 2,000 tonnes a day for 10 to 15 years in British Columbia will obviously have to meet stringent standards. So the sooner that aspect is tackled the better. Consultants Golders is already working on a feasibility study which is expected to be completed by the autumn of 2010. At a likely capital cost of C$90 million, including the hydro plant, it is shaping up to be a substantial project. An updated resource figure due out in a few weeks time will mark the first step in bringing it to fruition.
While Catface is a little further behind, Graham is confident that the data from the drilling programme in 2008 has shown that there is enough potential there to warrant a lot more work. So far only the Cliff Zone has an inferred resource and the potential of the Irishman Creek and Hecate Bay Zones have yet to be quantified. There will undoubtedly be significant environmental issues for Catface, as with Ruddock. But the trade-off for that is the complete absence of political risk - and that is always something to remember in these uncertain times.
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Selkirk Metals Corp.: 9.39% Zn and 1.34% Pb Over 14.12 Meters From Ruddock Creek Underground Drilling
Tue Jan 20, 7:00 AM
http://ca.news.finance.yahoo.com/s/20012009/28/link-f-ccnmatthews-selkirk-metals-corp-9-39-zn-1-34.html
Selkirk Metals Corp.: 9.39% Zn and 1.34% Pb Over 14.12 Meters From Ruddock Creek Underground Drilling
Tue Jan 20, 7:00 AM
http://ca.news.finance.yahoo.com/s/20012009/28/link-f-ccnmatthews-selkirk-metals-corp-9-39-zn-1-34.html
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2009) -
Selkirk Metals Corp. -
("Selkirk" or the "Company") (TSX VENTURE: SLK.V) is pleased to report the assay results for diamond drill holes EUG-08-24 to 32 from the 2008 Ruddock Creek underground exploration and development program. These drill holes were all located at the eastern up dip portion of the E-Zone that was drilled from underground in 2008. The results are summarized in the following table:
-----------------------------------------------------------------
From To Interval Zn Pb Ag
Drill Hole # (m) (m) (m) % % g/t
-----------------------------------------------------------------
EUG-08-024 88.18 89.88 1.70 6.96 1.54 2.25
-----------------------------------------------------------------
-----------------------------------------------------------------
EUG-08-025 73.70 77.45 3.75 5.10 0.97 3.20
-----------------------------------------------------------------
-----------------------------------------------------------------
EUG-08-026 92.52 96.85 4.33 9.39 1.49 3.39
-----------------------------------------------------------------
-----------------------------------------------------------------
EUG-08-027 58.41 60.05 1.64 8.65 1.37 4.29
-----------------------------------------------------------------
82.21 86.88 4.67 9.94 1.85 2.19
-----------------------------------------------------------------
102.72 110.82 8.10 10.58 1.64 1.91
-----------------------------------------------------------------
116.83 130.95 14.12 9.39 1.34 2.36
-----------------------------------------------------------------
-----------------------------------------------------------------
EUG-08-028 85.25 90.78 5.53 3.09 0.46 0.79
-----------------------------------------------------------------
-----------------------------------------------------------------
EUG-08-029 Abandoned
-----------------------------------------------------------------
-----------------------------------------------------------------
EUG-08-030 99.64 106.69 7.05 6.24 1.05 1.07
-----------------------------------------------------------------
-----------------------------------------------------------------
EUG-08-031 112.00 122.67 10.67 2.97 0.55 1.34
-----------------------------------------------------------------
131.82 140.18 8.36 7.29 1.43 3.07
-----------------------------------------------------------------
160.34 160.67 0.33 15.68 3.48 18.00
-----------------------------------------------------------------
-----------------------------------------------------------------
EUG-08-032 107.74 108.07 0.33 13.13 2.57 8.00
-----------------------------------------------------------------
These are the final drill results from the underground drill program completed during 2008. This drilling was designed to provide additional close spaced drill intercepts of the western extension of the E Zone portion of the Ruddock Creek Sulphide Horizon. All of the 2008 drilling was completed from drill stations located along the northerly trending decline, or on the easterly trending crosscut developed at the 900m point of the decline. The decline, completed in September 2008 reached a length of 982 meters, successfully intersected the target E-Zone as predicted by the geological modeling based on surface diamond drilling. The crosscut was developed to a length of 170 meters east of the main decline and includes four drill stations. The underground diamond drilling program has completed the required number of drill holes necessary to finalize the resource calculation for the portion of the E-Zone from surface outcrop to the point where it has been intersected by the decline, a length of approximately 1.2 kilometers. Previous surface drill programs on the near surface, eastern portion, of the E Zone have shown it to be up to 450m in dip extent from the northern to southernmost intercepts. In the area of the underground drilling the longest defined dip length of the horizon is 300m, however this remains open in both directions.
The Ruddock Creek Sulphide Horizon consists dominantly of calc-silicate rocks, pegmatites and lesser biotite schist. Lenses of massive sulphide, composed of sphalerite, pyrrhotite and galena in order of abundance are hosted by the calc-silicate portions of the package. The Ruddock Creek Sulphide Horizon varies from less than 5m to over 50m in true thickness. Multiple individual massive sulphide lenses are present within the horizon, ranging from less than 1m to greater than 5m in true thickness, separated by variable thicknesses of non mineralized pegmatite, calc-silicate or biotite schist. Locally these stacked lenses of massive sulphide and host rock, attain true thicknesses of over 30m of ore grade material.
Operations on the Ruddock Creek Property are being conducted under the supervision of the Company's Qualified Person (as defined by NI 43-101), Jim Miller-Tait, P.Geo., Vice President of Exploration. Acme Analytical Laboratories Ltd. was engaged to carry out the analytical work on all samples. The analytical procedure utilized was the Group 7AR 23 multi-element assay by ICP-AES methods.
On Behalf of the Board of Directors:
Gordon Keevil, President
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of content of this press release.
Contacts
Gordon Keevil
Selkirk Metals Corp.
President
(604) 687-2038
(604) 687-3141 (FAX)
Website:
http://www.selkirkmetals.com
btw.
a mining show this weekend -
http://investorshub.advfn.com/boards/board.aspx?board_id=2205
http://investorshub.advfn.com/boards/board.aspx?board_id=8158
http://investorshub.advfn.com/boards/board.aspx?board_id=7237
Vancouver Resource Investment Conference
Vancouver, British Columbia, Canada
Sunday-Monday, January 25-26, 2008
http://www.cambridgeconferences.com/ch_jan2009.html
God Bless
Selkirk Metals (Tier1) (TSX:SLK)fiat(CAD)$0.075 UP$0.01 (+15.38%)
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btw.
a mining show this weekend -
http://investorshub.advfn.com/boards/board.aspx?board_id=2205
Vancouver Resource Investment Conference
Vancouver, British Columbia, Canada
Sunday-Monday, January 25-26, 2008
http://www.cambridgeconferences.com/ch_jan2009.html
God Bless
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Looks like we are making a mine ASAP! -
http://investorshub.advfn.com/boards/board.aspx?board_id=2205
God Bless
Selkirk Metals (Tier1) (TSX:SLK)
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2009 Vancouver Resource Investment Conference
Vancouver Convention & Exhibition Centre 200 - 999 Canada Place Vancouver, BC
http://www.cambridgehouse.ca/ch_jan2009.html
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Selkirk Metals Corp.: E-Zone Extended to West by Ruddock Creek Underground Drilling
Wednesday November 26, 7:00 am ET
http://biz.yahoo.com/ccn/081126/200811260499501001.html?.v=1
God Bless
Selkirk Metals Corp.: Underground Channel Sample Results, Ruddock Creek Project, B.C.
Monday November 17, 7:00 am ET
http://biz.yahoo.com/ccn/081117/200811170497588001.html?.v=1
God Bless
Selkirk Metals Corp.: Engineering Firm Selected to Complete Technical Study, Ruddock Creek Project, B.C.
Thursday November 6, 7:00 am ET
http://biz.yahoo.com/ccn/081106/200811060495487001.html?.v=1
God Bless
SELKIRK METALS CORP. (Tier1)(CDNX: SLK.V)Last Trade:0.04
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God Bless
SELKIRK METALS CORP. (Tier1)(CDNX: SLK.V) fiat$0.2550
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God Bless
Looks like we are making a mine ASAP!
High grade concentrate to the smelter seems assured and of high quality with minimal environmental impact. The only questions remaining are how big and how profitable.
Press release:
Selkirk Metals Corp.: Excellent Metallurgical Results Enhances the Potential of Ruddock Creek Project
Thursday December 6, 7:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 6, 2007) - Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK - News) is pleased to provide a summary of the excellent results from the initial metallurgical testing of the Ruddock Creek Project mineralization. SGS Mineral Services located in Lakefield, Ontario completed the metallurgical test work.
The Sulphide composition of the Ruddock Creek Project in descending order of quantity is sphalerite, pyrrhotite, pyrite, galena and chalcopyrite. The metallurgical samples were separated into three areas for testing, the E-Zone, Deep E-Zone and the Creek Zone.
In summary the following results were obtained:
- The specific gravity of the three mineralized zones averaged 2.97 g/cm3.
- The Bond Work Index ranged from 13.7-14.1kWh/T using a 100 mesh (150 microns) closing size, which is an average value for a typical base metal deposit.
- Heavy Liquid Separation (HLS) for pre-concentration of sulphide bearing rock separate from the barren gangue rocks at a -3/8 inch crush size at a specific gravity of 2.7 g/cm3 rejected 34% of the barren mass with metal losses of only 1% lead and 0.03% of the zinc.
- Release analyses indicated favorable liberation characteristics for galena especially sphalerite compared to the global SGS database for polymetallic ores. This indicates coarse primary and regrinding will yield positive metallurgy.
- Heavy Liquid pre-concentration followed by flotation testing of the E-Zone yielded a recovery of 90.4% to a concentrate grade of 63.2% lead, and a zinc recovery of 86.1% to a concentrate grade of 46.1% zinc.
- Flotation testing of the Deep E-Zone yielded a lead recovery of 94% to a concentrate grade of 68.8% lead and a zinc recovery 94% to a concentrate grade of 46.1%. SGS states that with additional testing there is potential for zinc recoveries in the range of 90% with a concentrate grade of approximately 50%.
- The silver content of the lead concentrate was 362 g/t which should provide a credit from the smelter.
These results indicate that a standard flotation process will produce excellent concentrates for sale to a smelter and indicates the potential of using the dense medium separation to reduce the mill capacity and increase the grade to the mill with this simple pre-treatment process. This will reduce capital and operating costs and reduce the impact of the operation of the environment.
The Company is now planning the next phase of testing which will include waste and ore humidity cell testing, tailings and waste rock classification, process water attributes and several different types of tailings disposal systems.
The results from the metallurgical testing combined with the excellent ground conditions and rock quality of the ore indicate that the proposed Ruddock Creek development will be a minimal impact operation. This has encouraged the Company to immediately commence the B.C. Environmental Assessment process and project permitting.
The Ruddock Creek Project has now progressed into year round operations that are expected to continue into mining operations as the Project expands. Operations on the Ruddock Creek Property are being conducted under the supervision of the Company's Qualified Persons (as defined by NI 43-101), Jim Miller-Tait, P.Geo., Vice President of Exploration and Tom Colbourne, P.Eng., Vice President of Mining. The Ruddock Creek Property is located 100 km north-northwest of Revelstoke in the Kamloops and Revelstoke Mining Divisions, British Columbia.
On Behalf of the Board of Directors of Selkirk Metals Corp.:
Gordon Keevil, President
Contact:
Gordon Keevil
Selkirk Metals Corp.
President
(604) 687-2038
(604) 687-3141 (FAX)
Website: www.selkirkmetals.com
Source: Selkirk Metals Corp.
5km long possible ore bearing zone - is this a world class ore body or what. Is this the biggest ever? I dunno - anyone know?
Selkirk Metals Corp.: Significant New Discovery at the Ruddock Creek Project, B.C.
Thursday September 13, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2007) - Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK - News) is pleased to announce significant new intersections below the U Showings located 2.8km west of the E-Zone outcrop and 1.5km northwest of the Creek Zone outcrop at the Ruddock Creek Project, B.C. The showings are located in the central portion of the 5km long Ruddock Creek Sulphide Horizon.
Two holes have been completed to date and both have intersected very significant thicknesses of massive sulphide mineralization. Drill hole RD-07-U1 intersected numerous bands of sphalerite (zinc)-galena (lead) mineralization starting at a depth of 27m and continuing to 102.4m, with the widest interval of 15.4 meters from 87m to 102.4m. The most continuous massive sulphide intersections occurred between 87m to 90.8m (3.8m interval). The second hole, RD-07-U2, was drilled from the same pad to intersect the mineralization approximately 80m to the west. Semi massive and massive sulphides were encountered over a width of 9.7 meters from 102.1 and 111.8m and over a width of 7.3 meters from 124.4m and 131.7m. The intervening gap between these mineralized intervals is an intrusive pegmatite sill.
The mineralization is identical to the other zones of zinc-lead mineralization on the Ruddock Creek Property including the E-Zone. The mineralization consists of bands of semi to massive sulphides consisting of sphalerite (zinc), galena (lead), pyrrhotite and pyrite hosted by calc-silicates. Similar sulphide mineralization is also present between the massive sulphides in the form of disseminations and thin wispy bands. Photos of the core will be posted on the Company's website.
Drill holes RD-07-U1 and U2 have intersected the main sulphide horizon approximately 80m apart in an east-west direction. The ongoing diamond drill program will continue to test this horizon in all directions. The results from these holes indicate that the mineralized horizon is trending east-west and dipping to the north. This is consistent with the attitudes encountered in the E Zone and the Creek Zones. Diamond drilling and geological mapping have to date outlined the mineralization over a strike length of at least 280m in an east-west direction.
"This new discovery represents another significant step in our evaluation of the Ruddock Creek Property. It is the first such discovery within the western half of the Ruddock Creek Sulphide Horizon and clearly is a significant indication of the growth potential of the Property," stated Gordon Keevil, President.
Sampling of the drill core is being carried out on an ongoing basis and the results from the 2007 drilling program will be released as they are received and compiled by the Company. Exploration on the Ruddock Creek Property is being conducted under the supervision of the Company's Qualified Person (as defined by NI 43-101), Jim Chapman, P.Geo. As a result of the completion of the acquisition of Doublestar Resources Ltd., Selkirk now has an undivided 100% interest in the Ruddock Creek Property. The Ruddock Creek Property is located 100 km north-northwest of Revelstoke in the Kamloops and Revelstoke Mining Divisions, British Columbia.
On Behalf of the Board of Directors of Selkirk Metals Corp.:
Gordon Keevil, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of content of this press release.
Contact:
Gordon Keevil
Selkirk Metals Corp.
President
(604) 687-2038
(604) 687-3141 (FAX)
Website: www.selkirkmetals.com
Source: Selkirk Metals Corp.
Approaching 52 week low, looks like good time to buy in and ride the "coat tails" so to speak.
GLTA !!
Selkirk Metals Corp.: E Zone Hole RD-148 Intersects 24.8m of 6.8% Combined Zinc + Lead, Ruddock Creek Property, B.C.
Wednesday February 7, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 7, 2007) - Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK - News) is pleased to release the final drill results from the summer drilling program on the Ruddock Creek Property, which is located 100 km north of Revelstoke in the Kamloops and Revelstoke Mining Divisions, British Columbia (the "Property").
The final set of assay results have been received from drill hole RD-06-148, in the E Zone. This hole is located in the central portion of the E Zone. The intervals from this hole are shown in the following table.
---------------------------------------------------------
---------------------------------------------------------
FROM TO INTERVAL (i) (i)
HOLE NUMBER (m) (m) (m) ZINC% LEAD%
---------------------------------------------------------
RD-06-148 214.46 239.26 24.8 5.77 1.03
---------------------------------------------------------
incl 214.46 218.07 3.61 16.12 3.28
---------------------------------------------------------
and 222.07 224.0 1.93 3.58 0.77
---------------------------------------------------------
and 229.54 239.26 9.72 7.97 1.24
---------------------------------------------------------
---------------------------------------------------------
(i) For reference each 1% of grade equals 10 kilos of metal per metric
tonne of ore. The current zinc price is $3.20US/kilo, and lead is
$1.50US/kilo.
Drill hole RD-06-148, was one of the E Zone holes designed to increase the density of intercepts within the shallow portion of the Ruddock Creek Sulphide Horizon. These holes were drilled to demonstrate the continuity of the sulphide horizon from surface down dip to the northwest. In the area of hole RD-148 the sulphide horizon is continuous for over 400m down dip. The E Zone is one of twelve massive sulphide showings at surface that define the 5.5 kilometer long southern edge of the known sulphide horizon.
RD-06-148 was one of 28 holes drilled in the near surface portion of the E Zone, only 3 of which failed to intersect significant base metal mineralization. The three holes which did not encounter base metal sulphides were all drilled along the periphery of the horizon and serve to partially define the eastern and northern edges, which otherwise remain open.
A drill program consisting of three (3) holes, OL-06-01 to 03, was carried out in Oliver Creek to test the airborne magnetic and ground UTEM survey anomalies generated by the 2005 work program. OL-06-01 encountered a pyrrhotite bearing horizon, which is similar to the pyrrhotite bearing Lower Suphide Horizon that underlies the E Zone. The magnetic anomaly, which was intersected in holes OL-06-02 and 03, has been interpreted to be a metavolcanic sequence with no significant base metal content. Exploration in Oliver Creek in 2007 will now focus on the overlying Q, T and V zones that are interpreted to be the western extension of the Ruddock Creek Sulphide Horizon.
The following table contains a selection of results from previous exploration on these zones:
-----------------------------------------------
-----------------------------------------------
ZONE HOLE INTERVAL ZINC % LEAD %
-----------------------------------------------
Q Zone Q-5 14.5m 10.5 1.17
-----------------------------------------------
R zone R-1 8.6m 14.7 2.9
-----------------------------------------------
U Zone U-2 10.4m 15.4 1.9
-----------------------------------------------
-----------------------------------------------
Exploration on the Ruddock Creek Property is being conducted under the supervision of the Company's Qualified Person (as defined by NI 43-101), Jim Chapman, P.Geo. All samples were analyzed by Acme Analytical Laboratories in Vancouver utilizing the Group 7AR methodology.
Selkirk holds a 70% interest in the Ruddock Creek Property under the terms of a joint venture agreement with Doublestar Resources Ltd. (TSX VENTURE:DSR - News) holding the balance.
On Behalf of the Board of Directors:
Gordon Keevil, President
Please see our public filings at http://www.sedar.com for further information.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of content of this press release.
Contact:
Gordon Keevil
Selkirk Metals Corp.
President
(604) 687-2038
(604) 687-3141 (FAX)
Website: http://www.selkirkmetals.com
Looking good!
Assay results have now been received from the final drill holes RD-06-149, 156 to 160 from the Creek Zone. All of the holes intersected the target massive sulphide mineralization between 50 and 100 meters down dip from the 2 meters wide surface showing, which assayed 22.5% Zinc and 6.2% Lead as reported in the Company's News Release dated November 9, 2006. The significant results are summarized in the following table.
HOLE NUMBER FROM TO INTERVAL (m)(m)(m) ZINC% LEAD%
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RD-06-149 47.62 58.26 10.64 13.26 2.87
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RD-06-156 72.74 73.49 0.75 12.88 3.17
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RD-06-157 74.0 80.12 6.12 7.08 1.55
---------------------------------------------------------------------
RD-06-158 63.42 71.83 8.41 6.07 1.82
---------------------------------------------------------------------
RD-06-159 51.93 61.92 9.99 4.51 1.07
---------------------------------------------------------------------
RD-06-160 55.34 60.47 5.13 21.27 4.61
What do you think - is this going to be a bonanza?
A mine?
How close are we?
Selkirk Metals Corp. (Mineral Exploration)-
thanks ivy_penny1 welcome to Selkirk -
Selkirk Metals Corporation is a mineral exploration
and development company focused on the acquisition,
and if warranted, subsequent development of
base metal properties in Canada.
Selkirk Metals are also listed with the Deutsche Borse Group
on the Frankfurt Stock Exchange in Germany
under the symbol "L9U".
On Nov. 30, 2006 Selkirk Metals announced that it has
reached an agreement with Sprott Securities Inc. and
Pacific International Securities Inc for its agency
offering announced earlier today to increase the size
of the offering to 8.7 million common shares.
They will use the net proceeds from the sale of
the Common Shares for further advancement of
the Company's Ruddock Creek Property and general
corporate purposes. Selkirk Metals currently
has 7 active projects.
Web site: www.selkirkmetals.com
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Selkirk Metals Corp.
Business Description:
(No Data Available)
Address:
1255 West Pender Street,
Vancouver, BC, CN V6E 2V1
Telephone:
(604) 687-2038
Website:
http://www.selkirkmetals.com/s/Home.asp
Facsimile:
(604) 687-3141
Email:
www.ivarkreuger.com/metalcharts.htm
The super red banksters cults -
Rothschilds World Part 1 "Glen, Rush, Michael...Here's to you boy's"
http://www.youtube.com/watch?v=yhKHwrUA5SM&feature=related
Cross Lake Minerals own part of Selkirk Metals Corp. - www.crosslakeminerals.com/s/Home.asp
Those who make peaceful REVOLUTION impossible will
make violent REVOLUTION inevitable.
- John F. Kennedy
Shut Down The Federal Reserve: Save America!
http://www.ipetitions.com/petition/AFTF_P_1/
†With God all things are possible†
by: todd h
ROB-TV in exposing the Gold price suppression scheme -
http://www.youtube.com/watch?v=GbPetrK_6Lc&mode=related&search=
Join GATA -
http://www.GATA.org.
Gold Show -
2007 Vancouver Resource Investment Conference
Vancouver Convention and Exhibition Centre
Sunday and Monday, January 21 and 22, 2007
http://www.cambridgeconferences.com/ch_jan2007.html
Please pass it along >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
TIA.
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