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That was fast! some doggers huh>?
;)
Art
I put the ticker in front of the post... ;)
Bought some SembCorp on your recommendation...lets see how it does...
Art
Sorry Hank!
SWN.V
*****************
Selwyn's Infill Drilling Confirms Higher-Grade XY Open Pit
1/10/2008
VANCOUVER, BRITISH COLUMBIA, Jan 10, 2008 (Marketwire via COMTEX News Network) --
Selwyn Resources Ltd. (TSX VENTURE:SWN) is pleased to provide an update on 2007 drilling activities in the XY area of the Selwyn Project. In 2007, 106 drill holes were completed on Selwyn Project totalling 37,208.6 metres. The location of the drill holes can be found on drill plan maps available at www.selwynresources.com.
Highlights
- XYC-163 intersected 22.20 metres true thickness in the open-pit target grading 3.06% zinc and 1.44% lead, including 3.70 metres grading 7.60% zinc and 2.84% lead in the southeast margin area of the XY Central Open Pit area.
- Infill drill hole XYC-156 intersected 31.10 metres true thickness the open-pit target grading 7.61% zinc and 2.51% lead, including 4.80 metres grading 14.69% zinc and 4.81% lead
Infill Drilling of XY Open-Pit Target
The 2007 drilling in the XY deposit focused on the XY Central zone, initially completing infill definition drilling within the open-pit environment. A total of 18 diamond drill holes were completed in both the open-pit and underground target areas for a total of 7,699.3 metres around the XY Central deposit. Twelve of these drill holes totaling 2,592.1 metres successfully completed infill definition drilling in the open-pit target, whereas, the remaining six diamond drill holes totalling 5,097.2 metres specifically were targeted at expanding the higher-grade underground target area down dip of the high-grade underground Inferred mineral resource (see April 2, 2007 news release). Assay results from the 2007 drilling program are presented in Table 1.
The 2007 drilling program at the XY deposit was very successful in confirming the detailed 3D geological model previously used in the NI 43-101 compliant, April 2007 mineral resource estimate by Independent Qualified Person Mr. Cliff Pearson, P.Geo. and Non-independent Qualified Person, Mr. John O'Donnell. Mineral inventories of the XY deposit were previously reported as 36.27 million tonnes of Indicated mineral resources grading 5.77% zinc and 2.35% lead and 46.64 million tonnes of Inferred mineral resources grading 5.38% zinc and 2.08% lead (see April 2, 2007 news release).
The recent drilling at the XY deposit continues to demonstrate the overall contiguous nature of the zinc-lead mineralization in the Active Member and to define high-grade zinc-lead mineralization in the near surface environment. These higher grade intercepts are similar to the deeper mineralization encountered in the underground mineral resource; meaning that the higher-grade zinc-lead mineralization is not limited to the deeper depths being targeted for underground mining. The 2007 drilling defined a NI 43-101 compliant, Indicated mineral resource of 7,394,860 tonnes grading 9.88% zinc and 4.32% lead and an Inferred mineral resource of 1,856,500 tonnes grading 10.41% zinc and 3.71% lead (see April 2, 2007 news release).
Drill holes XYC-161, XYC-162, XYC-163, XYC-166, and XYC-167 are located along the southeastern margin of the XY deposit; noting all drill holes except XYC-167 intersected well mineralized Active Member typical of the XY deposit. Drill hole XYC-167 pierced a large fault structure. An interesting result from southeastern area of the XY deposit is that in some locations, lead mineralization is higher grade than the zinc mineralization. XYC-162 has a 3.80 metre interval from 162.0 to 165.8 metres grading 6.33% zinc and 8.55% lead, which is atypical of zinc-lead mineralization in the Active Member. Further study is required to determine the nature of the grade reversal; however, it is not uncommon in the higher-grade sections of the XY deposit to have very high-grade lead mineralization, locally with up to a 1:1 ratio with zinc.
Infill drill holes XYC-154, XYC-155, XYC-156, XYC-158, XYC-159 and XYC-169 were focused on the core of the XY deposit and intersected well mineralized Active Member; which compares very favourably with assay results from the previously released 2006 drilling program (see Table 2) and the April 2007 NI 43-101 mineral resource estimation.
Table 1-------------------------------------------------------------------------- TrueDrill From To Thickness Pb Zn Pb+Zn ThicknessHole (m) (m) (m) (%) (%) (%) (m)--------------------------------------------------------------------------XYC-154 39.80 73.40 33.60 1.02 2.96 3.98 30.70-------------------------------------------------------------------------- Including 39.80 43.20 3.40 2.64 6.83 9.47 3.10-------------------------------------------------------------------------- Including 58.40 63.10 4.70 2.95 7.80 10.75 4.30-------------------------------------------------------------------------- Including 69.00 72.90 3.90 1.33 5.24 6.57 3.60--------------------------------------------------------------------------XYC-155 70.5 111.8 41.30 0.74 2.56 3.30 41.30-------------------------------------------------------------------------- Including 70.5 72.7 1.80 1.93 4.40 6.33 2.20-------------------------------------------------------------------------- Including 94.7 97.1 2.40 1.74 7.26 9.00 2.40-------------------------------------------------------------------------- Including 101.9 110.8 8.90 1.93 7.31 9.24 8.90-------------------------------------------------------------------------- Including 106.4 108.3 1.90 5.48 20.43 25.91 1.90--------------------------------------------------------------------------XYC-156 115.00 146.70 31.70 2.51 7.61 10.12 31.10-------------------------------------------------------------------------- Including 115.00 121.20 6.20 2.63 9.15 11.78 6.10-------------------------------------------------------------------------- Including 128.20 136.90 8.70 3.52 12.26 15.78 8.50-------------------------------------------------------------------------- Including 132.00 136.90 4.90 4.81 14.69 19.50 4.80-------------------------------------------------------------------------- Including 141.10 146.70 5.60 3.91 9.32 13.23 5.50--------------------------------------------------------------------------XYC-158 157.10 178.30 21.20 1.93 4.63 6.56 19.20-------------------------------------------------------------------------- Including 164.30 167.00 2.70 2.13 8.46 10.59 2.40-------------------------------------------------------------------------- Including 168.90 171.80 2.90 2.28 6.04 8.32 2.60-------------------------------------------------------------------------- Including 175.50 178.30 2.80 5.08 8.77 13.85 2.50--------------------------------------------------------------------------XYC-159 129.90 143.00 13.10 1.59 5.90 7.49 12.90-------------------------------------------------------------------------- Including 131.20 133.80 2.60 2.15 9.06 11.21 2.60-------------------------------------------------------------------------- Including 139.50 143.00 3.50 2.51 10.21 12.72 3.40--------------------------------------------------------------------------XYC-160 2.70 19.40 16.70 0.74 2.88 3.62 16.6-------------------------------------------------------------------------- Including 2.70 5.60 2.90 1.53 7.85 9.38 2.9-------------------------------------------------------------------------- Including 11.20 12.80 1.60 1.72 5.40 7.12 1.6--------------------------------------------------------------------------XYC-161 39.60 50.10 10.50 2.10 3.12 5.22 10.30--------------------------------------------------------------------------XYC-162 151.80 165.80 14.00 2.83 3.33 6.16 9.90-------------------------------------------------------------------------- Including 152.10 153.00 0.90 0.83 6.36 7.19 0.60-------------------------------------------------------------------------- Including 162.00 165.80 3.80 8.55 6.33 14.88 2.70--------------------------------------------------------------------------XYC-163 93.40 115.70 22.30 1.44 3.06 4.50 22.20-------------------------------------------------------------------------- Including 93.40 97.10 3.70 2.84 7.60 10.44 3.70-------------------------------------------------------------------------- Including 114.40 115.70 1.30 9.14 8.33 17.47 1.30--------------------------------------------------------------------------XYC-166 40.20 46.60 6.40 2.76 4.47 7.23 6.30-------------------------------------------------------------------------- Including 44.80 45.70 0.90 12.85 15.38 28.23 0.90--------------------------------------------------------------------------XYC-169 232.90 248.60 15.70 1.44 3.99 5.43 13.90-------------------------------------------------------------------------- Including 232.90 235.60 2.70 1.55 5.63 7.18 2.40-------------------------------------------------------------------------- Including 240.10 244.40 4.30 1.15 5.52 6.67 3.80-------------------------------------------------------------------------- Including 247.20 248.60 1.40 6.01 9.76 15.77 1.20--------------------------------------------------------------------------
A selected list of previously released intercepts from the 2006 drilling program within the near surface, open-pit target include XYC-122 (see October 10, 2006 news release); XYC-125 (see September 21, 2006 news release); XYC-126 (see October 10, 2006 news release); XYC-127, XYC-129, XYC-130 and XYC-132 (see September 21, 2006 news release); XYC-134 (see October 10, 2006 news release); and XYC-140 and XYC-142 (see October 30, 2006 news release).
Table 2-------------------------------------------------------------------------- TrueDrill From To Thickness Pb Zn Pb+Zn ThicknessHole (m) (m) (m) (%) (%) (%) (m)--------------------------------------------------------------------------XYC-122 14.1 51.8 37.7 1.54 5.05 6.59 36.2-------------------------------------------------------------------------- Including 14.1 19.6 5.5 1.91 10.74 12.65 5.3-------------------------------------------------------------------------- Including 50.6 51.8 1.2 11.27 13.97 25.24 1.2--------------------------------------------------------------------------XYC-126 93.7 98.3 4.6 4.55 9.07 13.62 4.2-------------------------------------------------------------------------- Including 145.5 162.7 17.8 1.50 5.51 7.01 16.3-------------------------------------------------------------------------- Including 146.8 151.4 4.6 1.58 6.70 8.29 4.2-------------------------------------------------------------------------- Including 159.0 162.7 3.7 2.31 10.53 12.84 3.38--------------------------------------------------------------------------XYC-125 88.9 105.2 16.3 1.94 7.06 9.00 16.20-------------------------------------------------------------------------- Including 88.9 95.1 6.2 2.05 7.69 9.73 6.20-------------------------------------------------------------------------- Including 98.9 105.2 6.3 2.61 9.76 12.37 6.30-------------------------------------------------------------------------- Including 102.4 104.7 2.3 2.80 11.59 14.38 2.30--------------------------------------------------------------------------XYC-127 101.65 126.50 24.85 1.93 5.05 6.98 24.85-------------------------------------------------------------------------- Including 122.30 126.50 4.20 6.41 11.53 17.94 4.20--------------------------------------------------------------------------XYC-129 101.70 123.80 22.10 1.79 6.53 8.32 21.30-------------------------------------------------------------------------- Including 103.40 105.80 2.40 4.49 18.91 23.40 2.30-------------------------------------------------------------------------- Including 162.70 174.70 12.00 2.32 6.99 9.31 11.60-------------------------------------------------------------------------- Including 172.50 174.70 2.20 7.96 22.66 30.62 2.10--------------------------------------------------------------------------XYC-130 118.50 137.30 18.80 2.14 6.85 8.99 17.20-------------------------------------------------------------------------- Including 127.00 133.90 6.90 3.41 11.65 15.05 6.30--------------------------------------------------------------------------XYC-132 76.56 147.63 71.07 1.38 4.42 5.79 39.50-------------------------------------------------------------------------- Including 122.74 147.63 24.89 1.91 6.90 8.81 13.90-------------------------------------------------------------------------- Including 81.30 87.79 6.49 2.70 9.46 12.17 3.60-------------------------------------------------------------------------- Including 100.80 104.96 4.16 1.84 6.22 8.06 2.30-------------------------------------------------------------------------- Including 128.46 138.84 10.38 3.12 11.22 14.34 5.80--------------------------------------------------------------------------XYC-134 45.04 101.62 56.58 2.13 5.53 7.65 39.3-------------------------------------------------------------------------- Including 45.04 57.53 12.49 4.32 12.96 17.28 8.7-------------------------------------------------------------------------- Including 47.20 51.55 4.35 8.18 22.62 30.80 3.0-------------------------------------------------------------------------- Including 91.25 101.27 10.02 4.96 12.32 17.28 7.0--------------------------------------------------------------------------XYC-142 68.00 82.30 14.30 2.75 10.03 12.78 14.25-------------------------------------------------------------------------- Including 70.80 76.20 5.40 4.91 20.21 25.12 5.38-------------------------------------------------------------------------- Including 70.80 73.55 2.75 8.39 33.76 42.25 2.74-------------------------------------------------------------------------- Including 70.80 72.30 1.50 10.42 44.90 55.32 1.49--------------------------------------------------------------------------
Other Exploration
The company will be reporting on the remaining drill results in the XY Central deep drilling, and Don and Don East deposits shortly. Furthermore, it has commenced re-estimation of mineral resources in order to provide an updated NI 43-101 compliant mineral resource estimate for dissemination in first quarter 2008.
The Selwyn Project exploration program is being reviewed by Vice President of Exploration, Jason Dunning, M.Sc., P.Geo. The onsite activities for the Selwyn Project are directed by Exploration Manager, John J. O'Donnell, P.Geo. Both Mr. Dunning and Mr. O'Donnell are Qualified Persons within the meaning of National Instrument 43-101. All assay data has been through internal validation of quality assurance and quality control. Selwyn has established a sampling and assay control program with blind insertion of assay blanks, standards and duplicates for the Selwyn Project; however, it should be noted that there is also a quality control and quality assurance program in place at International Plasma Laboratories ("iPL") and ACME Analytical Laboratories Ltd. ("ACME") that includes blanks, duplicates and standards. At iPL, base metal analyses are conducted by wet fire assay and at ACME, silver and base metal analyses are conducted by a 17-element, four-acid digestion, ore-grade ICP-AES technique.
Selwyn's focus is the exploration of its properties that make up the Selwyn Project in the Yukon, which hosts large tonnages of zinc-lead mineralization. The known deposits have the potential for the large scale production, and provide a secure supply of zinc and lead to meet the future needs of the zinc market in Asia and beyond.
This press release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control and actual results may differ materially from the expected results. Additional drilling is required to confirm the potential of the new discovery areas and expansions of the current resource areas and the extension of the higher grade deep mineralization to depth. Furthermore, there is no assurance that the resources being defined can be developed as an economically attractive mine, and there are many uncertainties associated with permitting and other factors that could delay such development.
SOURCE: Selwyn Resources Ltd.
Selwyn Resources Ltd.Dr. Harlan Meade, President and CEO(604) 682-5474 or Toll Free: 1-877-682-5474International Toll Free: 1-800-8682-5474Selwyn Resources Ltd.Jasmin TamDoo, Manager of Investor Communications(604) 682-5474 or Toll Free: 1-877-682-5474International Toll Free: 1-800-8682-5474(604) 682-5404 (FAX)Email: info@selwynresources.comWebsite: www.selwynresources.com
Copyright (C) 2008 Marketwire. All rights reserved.
Selwyn's Infill Drilling Confirms Higher-Grade XY Open Pit
1/10/2008
VANCOUVER, BRITISH COLUMBIA, Jan 10, 2008 (Marketwire via COMTEX News Network) --
Selwyn Resources Ltd. (TSX VENTURE:SWN) is pleased to provide an update on 2007 drilling activities in the XY area of the Selwyn Project. In 2007, 106 drill holes were completed on Selwyn Project totalling 37,208.6 metres. The location of the drill holes can be found on drill plan maps available at www.selwynresources.com.
Highlights
- XYC-163 intersected 22.20 metres true thickness in the open-pit target grading 3.06% zinc and 1.44% lead, including 3.70 metres grading 7.60% zinc and 2.84% lead in the southeast margin area of the XY Central Open Pit area.
- Infill drill hole XYC-156 intersected 31.10 metres true thickness the open-pit target grading 7.61% zinc and 2.51% lead, including 4.80 metres grading 14.69% zinc and 4.81% lead
Infill Drilling of XY Open-Pit Target
The 2007 drilling in the XY deposit focused on the XY Central zone, initially completing infill definition drilling within the open-pit environment. A total of 18 diamond drill holes were completed in both the open-pit and underground target areas for a total of 7,699.3 metres around the XY Central deposit. Twelve of these drill holes totaling 2,592.1 metres successfully completed infill definition drilling in the open-pit target, whereas, the remaining six diamond drill holes totalling 5,097.2 metres specifically were targeted at expanding the higher-grade underground target area down dip of the high-grade underground Inferred mineral resource (see April 2, 2007 news release). Assay results from the 2007 drilling program are presented in Table 1.
The 2007 drilling program at the XY deposit was very successful in confirming the detailed 3D geological model previously used in the NI 43-101 compliant, April 2007 mineral resource estimate by Independent Qualified Person Mr. Cliff Pearson, P.Geo. and Non-independent Qualified Person, Mr. John O'Donnell. Mineral inventories of the XY deposit were previously reported as 36.27 million tonnes of Indicated mineral resources grading 5.77% zinc and 2.35% lead and 46.64 million tonnes of Inferred mineral resources grading 5.38% zinc and 2.08% lead (see April 2, 2007 news release).
The recent drilling at the XY deposit continues to demonstrate the overall contiguous nature of the zinc-lead mineralization in the Active Member and to define high-grade zinc-lead mineralization in the near surface environment. These higher grade intercepts are similar to the deeper mineralization encountered in the underground mineral resource; meaning that the higher-grade zinc-lead mineralization is not limited to the deeper depths being targeted for underground mining. The 2007 drilling defined a NI 43-101 compliant, Indicated mineral resource of 7,394,860 tonnes grading 9.88% zinc and 4.32% lead and an Inferred mineral resource of 1,856,500 tonnes grading 10.41% zinc and 3.71% lead (see April 2, 2007 news release).
Drill holes XYC-161, XYC-162, XYC-163, XYC-166, and XYC-167 are located along the southeastern margin of the XY deposit; noting all drill holes except XYC-167 intersected well mineralized Active Member typical of the XY deposit. Drill hole XYC-167 pierced a large fault structure. An interesting result from southeastern area of the XY deposit is that in some locations, lead mineralization is higher grade than the zinc mineralization. XYC-162 has a 3.80 metre interval from 162.0 to 165.8 metres grading 6.33% zinc and 8.55% lead, which is atypical of zinc-lead mineralization in the Active Member. Further study is required to determine the nature of the grade reversal; however, it is not uncommon in the higher-grade sections of the XY deposit to have very high-grade lead mineralization, locally with up to a 1:1 ratio with zinc.
Infill drill holes XYC-154, XYC-155, XYC-156, XYC-158, XYC-159 and XYC-169 were focused on the core of the XY deposit and intersected well mineralized Active Member; which compares very favourably with assay results from the previously released 2006 drilling program (see Table 2) and the April 2007 NI 43-101 mineral resource estimation.
Table 1-------------------------------------------------------------------------- TrueDrill From To Thickness Pb Zn Pb+Zn ThicknessHole (m) (m) (m) (%) (%) (%) (m)--------------------------------------------------------------------------XYC-154 39.80 73.40 33.60 1.02 2.96 3.98 30.70-------------------------------------------------------------------------- Including 39.80 43.20 3.40 2.64 6.83 9.47 3.10-------------------------------------------------------------------------- Including 58.40 63.10 4.70 2.95 7.80 10.75 4.30-------------------------------------------------------------------------- Including 69.00 72.90 3.90 1.33 5.24 6.57 3.60--------------------------------------------------------------------------XYC-155 70.5 111.8 41.30 0.74 2.56 3.30 41.30-------------------------------------------------------------------------- Including 70.5 72.7 1.80 1.93 4.40 6.33 2.20-------------------------------------------------------------------------- Including 94.7 97.1 2.40 1.74 7.26 9.00 2.40-------------------------------------------------------------------------- Including 101.9 110.8 8.90 1.93 7.31 9.24 8.90-------------------------------------------------------------------------- Including 106.4 108.3 1.90 5.48 20.43 25.91 1.90--------------------------------------------------------------------------XYC-156 115.00 146.70 31.70 2.51 7.61 10.12 31.10-------------------------------------------------------------------------- Including 115.00 121.20 6.20 2.63 9.15 11.78 6.10-------------------------------------------------------------------------- Including 128.20 136.90 8.70 3.52 12.26 15.78 8.50-------------------------------------------------------------------------- Including 132.00 136.90 4.90 4.81 14.69 19.50 4.80-------------------------------------------------------------------------- Including 141.10 146.70 5.60 3.91 9.32 13.23 5.50--------------------------------------------------------------------------XYC-158 157.10 178.30 21.20 1.93 4.63 6.56 19.20-------------------------------------------------------------------------- Including 164.30 167.00 2.70 2.13 8.46 10.59 2.40-------------------------------------------------------------------------- Including 168.90 171.80 2.90 2.28 6.04 8.32 2.60-------------------------------------------------------------------------- Including 175.50 178.30 2.80 5.08 8.77 13.85 2.50--------------------------------------------------------------------------XYC-159 129.90 143.00 13.10 1.59 5.90 7.49 12.90-------------------------------------------------------------------------- Including 131.20 133.80 2.60 2.15 9.06 11.21 2.60-------------------------------------------------------------------------- Including 139.50 143.00 3.50 2.51 10.21 12.72 3.40--------------------------------------------------------------------------XYC-160 2.70 19.40 16.70 0.74 2.88 3.62 16.6-------------------------------------------------------------------------- Including 2.70 5.60 2.90 1.53 7.85 9.38 2.9-------------------------------------------------------------------------- Including 11.20 12.80 1.60 1.72 5.40 7.12 1.6--------------------------------------------------------------------------XYC-161 39.60 50.10 10.50 2.10 3.12 5.22 10.30--------------------------------------------------------------------------XYC-162 151.80 165.80 14.00 2.83 3.33 6.16 9.90-------------------------------------------------------------------------- Including 152.10 153.00 0.90 0.83 6.36 7.19 0.60-------------------------------------------------------------------------- Including 162.00 165.80 3.80 8.55 6.33 14.88 2.70--------------------------------------------------------------------------XYC-163 93.40 115.70 22.30 1.44 3.06 4.50 22.20-------------------------------------------------------------------------- Including 93.40 97.10 3.70 2.84 7.60 10.44 3.70-------------------------------------------------------------------------- Including 114.40 115.70 1.30 9.14 8.33 17.47 1.30--------------------------------------------------------------------------XYC-166 40.20 46.60 6.40 2.76 4.47 7.23 6.30-------------------------------------------------------------------------- Including 44.80 45.70 0.90 12.85 15.38 28.23 0.90--------------------------------------------------------------------------XYC-169 232.90 248.60 15.70 1.44 3.99 5.43 13.90-------------------------------------------------------------------------- Including 232.90 235.60 2.70 1.55 5.63 7.18 2.40-------------------------------------------------------------------------- Including 240.10 244.40 4.30 1.15 5.52 6.67 3.80-------------------------------------------------------------------------- Including 247.20 248.60 1.40 6.01 9.76 15.77 1.20--------------------------------------------------------------------------
A selected list of previously released intercepts from the 2006 drilling program within the near surface, open-pit target include XYC-122 (see October 10, 2006 news release); XYC-125 (see September 21, 2006 news release); XYC-126 (see October 10, 2006 news release); XYC-127, XYC-129, XYC-130 and XYC-132 (see September 21, 2006 news release); XYC-134 (see October 10, 2006 news release); and XYC-140 and XYC-142 (see October 30, 2006 news release).
Table 2-------------------------------------------------------------------------- TrueDrill From To Thickness Pb Zn Pb+Zn ThicknessHole (m) (m) (m) (%) (%) (%) (m)--------------------------------------------------------------------------XYC-122 14.1 51.8 37.7 1.54 5.05 6.59 36.2-------------------------------------------------------------------------- Including 14.1 19.6 5.5 1.91 10.74 12.65 5.3-------------------------------------------------------------------------- Including 50.6 51.8 1.2 11.27 13.97 25.24 1.2--------------------------------------------------------------------------XYC-126 93.7 98.3 4.6 4.55 9.07 13.62 4.2-------------------------------------------------------------------------- Including 145.5 162.7 17.8 1.50 5.51 7.01 16.3-------------------------------------------------------------------------- Including 146.8 151.4 4.6 1.58 6.70 8.29 4.2-------------------------------------------------------------------------- Including 159.0 162.7 3.7 2.31 10.53 12.84 3.38--------------------------------------------------------------------------XYC-125 88.9 105.2 16.3 1.94 7.06 9.00 16.20-------------------------------------------------------------------------- Including 88.9 95.1 6.2 2.05 7.69 9.73 6.20-------------------------------------------------------------------------- Including 98.9 105.2 6.3 2.61 9.76 12.37 6.30-------------------------------------------------------------------------- Including 102.4 104.7 2.3 2.80 11.59 14.38 2.30--------------------------------------------------------------------------XYC-127 101.65 126.50 24.85 1.93 5.05 6.98 24.85-------------------------------------------------------------------------- Including 122.30 126.50 4.20 6.41 11.53 17.94 4.20--------------------------------------------------------------------------XYC-129 101.70 123.80 22.10 1.79 6.53 8.32 21.30-------------------------------------------------------------------------- Including 103.40 105.80 2.40 4.49 18.91 23.40 2.30-------------------------------------------------------------------------- Including 162.70 174.70 12.00 2.32 6.99 9.31 11.60-------------------------------------------------------------------------- Including 172.50 174.70 2.20 7.96 22.66 30.62 2.10--------------------------------------------------------------------------XYC-130 118.50 137.30 18.80 2.14 6.85 8.99 17.20-------------------------------------------------------------------------- Including 127.00 133.90 6.90 3.41 11.65 15.05 6.30--------------------------------------------------------------------------XYC-132 76.56 147.63 71.07 1.38 4.42 5.79 39.50-------------------------------------------------------------------------- Including 122.74 147.63 24.89 1.91 6.90 8.81 13.90-------------------------------------------------------------------------- Including 81.30 87.79 6.49 2.70 9.46 12.17 3.60-------------------------------------------------------------------------- Including 100.80 104.96 4.16 1.84 6.22 8.06 2.30-------------------------------------------------------------------------- Including 128.46 138.84 10.38 3.12 11.22 14.34 5.80--------------------------------------------------------------------------XYC-134 45.04 101.62 56.58 2.13 5.53 7.65 39.3-------------------------------------------------------------------------- Including 45.04 57.53 12.49 4.32 12.96 17.28 8.7-------------------------------------------------------------------------- Including 47.20 51.55 4.35 8.18 22.62 30.80 3.0-------------------------------------------------------------------------- Including 91.25 101.27 10.02 4.96 12.32 17.28 7.0--------------------------------------------------------------------------XYC-142 68.00 82.30 14.30 2.75 10.03 12.78 14.25-------------------------------------------------------------------------- Including 70.80 76.20 5.40 4.91 20.21 25.12 5.38-------------------------------------------------------------------------- Including 70.80 73.55 2.75 8.39 33.76 42.25 2.74-------------------------------------------------------------------------- Including 70.80 72.30 1.50 10.42 44.90 55.32 1.49--------------------------------------------------------------------------
Other Exploration
The company will be reporting on the remaining drill results in the XY Central deep drilling, and Don and Don East deposits shortly. Furthermore, it has commenced re-estimation of mineral resources in order to provide an updated NI 43-101 compliant mineral resource estimate for dissemination in first quarter 2008.
The Selwyn Project exploration program is being reviewed by Vice President of Exploration, Jason Dunning, M.Sc., P.Geo. The onsite activities for the Selwyn Project are directed by Exploration Manager, John J. O'Donnell, P.Geo. Both Mr. Dunning and Mr. O'Donnell are Qualified Persons within the meaning of National Instrument 43-101. All assay data has been through internal validation of quality assurance and quality control. Selwyn has established a sampling and assay control program with blind insertion of assay blanks, standards and duplicates for the Selwyn Project; however, it should be noted that there is also a quality control and quality assurance program in place at International Plasma Laboratories ("iPL") and ACME Analytical Laboratories Ltd. ("ACME") that includes blanks, duplicates and standards. At iPL, base metal analyses are conducted by wet fire assay and at ACME, silver and base metal analyses are conducted by a 17-element, four-acid digestion, ore-grade ICP-AES technique.
Selwyn's focus is the exploration of its properties that make up the Selwyn Project in the Yukon, which hosts large tonnages of zinc-lead mineralization. The known deposits have the potential for the large scale production, and provide a secure supply of zinc and lead to meet the future needs of the zinc market in Asia and beyond.
This press release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control and actual results may differ materially from the expected results. Additional drilling is required to confirm the potential of the new discovery areas and expansions of the current resource areas and the extension of the higher grade deep mineralization to depth. Furthermore, there is no assurance that the resources being defined can be developed as an economically attractive mine, and there are many uncertainties associated with permitting and other factors that could delay such development.
SOURCE: Selwyn Resources Ltd.
Selwyn Resources Ltd.Dr. Harlan Meade, President and CEO(604) 682-5474 or Toll Free: 1-877-682-5474International Toll Free: 1-800-8682-5474Selwyn Resources Ltd.Jasmin TamDoo, Manager of Investor Communications(604) 682-5474 or Toll Free: 1-877-682-5474International Toll Free: 1-800-8682-5474(604) 682-5404 (FAX)Email: info@selwynresources.comWebsite: www.selwynresources.com
Copyright (C) 2008 Marketwire. All rights reserved.
I can't take much more of this... ;)
Art
Mike.
What did you decide on ADA? Thinking of adding here...really beaten up...producing mill, Scotia mine cash flow..., JVs and some good gold prospects...market never seemed to engage with this one but at $.80C could move back to a $1.00 on any hint of good news or results in March??
Art
Giddyup.
Art
********************************************************
China's exports of tin, zinc to fall on new taxes
(Reuters)
Updated: 2008-01-10 14:02
Counter:380
China's exports of refined tin and low-grade refined zinc may fall due to new taxes, industry officials said on Wednesday.
Fewer exports from China, the world's top producer of tin and a major zinc supplier, could reduce global supply and support prices.
China imposed a 10 percent tax on exports of primary refined tin from Jan 1, indicating Beijing's determination to leave more metal at home for its electronics, chemicals and steel sectors.
The new tax, equal to about US$1,600 per tonne, is putting a break on refined tin outflows, which rose 28.5 percent on the year to 22,126 tonnes in the first 11 months of last year as exporters cashed in record high prices.
World tin prices hit a contract high of $17,575 a tonne in November due to worries over supply from Indonesia, the world's second-biggest tin producer. It traded at $16,450 on Wednesday.
"We will export tin products to clients. If they want refined tin ingots, we cannot help them," said a trade manager at Yunnan Tin Co Ltd , the top producer in China.
Yunnan Tin exported more than 10,000 tonnes of refined tin ingots in 2007 and did not plan to export the primary metal this year, the manager said.
But it would increase exports of chemical products made from tin as they were subject to a 5 percent tax rebate and did not carry an export tax, he said.
"Prices for Chinese tin should be rising," a senior manager at a soldering tin plant in Guangxi said, referring to exports.
He said refined tin imports might fall as more metal would stay at home.
China has kept a 3 percent tariff on imports of refined tin, which dropped 22 percent on the year to 11,852 tonnes in the 11 months of last year.
Beijing in January also imposed a 5 percent tax on exports of unwrought refined zinc with purity of less than 99.995 percent, known as high-grade zinc and number one grade in China, and a 15 percent tax on zinc with purity of less than 99.99 percent, known as number two to five grades.
But it has left a duty-free policy on exports of super-high grade zinc, known as number zero grade in China which is the most popular type in international markets, and has maintained a 5 percent tax rebate on the exports.
But zinc smelters were unwilling to commit exports for 2008 even for super-high grade zinc as they were worried that Beijing would change the taxes any time, said an international trade manager at Zhuye Torch , China's top producer of zinc, which is used in steel and battery sectors.
"Exports should not be over 130,000 tonnes this year," he predicted, comparing to 263,900 tonnes in January-November 2007.
BWR...Q3 again had large concentrate shipments that did not get priced in Q3...hoping this was larger than their run rate Qtr over Qtr...would like to see a Q4 lift and catch some of the doomsdayers off guard in BWR.TO....
Art
"We are going to grow traders just like they grow turtles in Singapore,"
Somewhat different than the buy and mold strategy of Mr. B...
Will need to look into it... ;)
Art
Round 1 baby!
**************
UPDATE 1- China's Jinchuan to buy Tyler Resources at C$214 mln
Mon Jan 7, 2008 2:54am EST
SHANGHAI, Jan 7 (Reuters) - Tyler Resources Inc. (TYS.V: Quote,
Profile, Research), developer of Mexico's largest untapped copper-zinc
deposit, said on Monday it had agreed to be acquired by Jinchuan Group
Ltd, China's largest nickel producer, for about C$214 million in cash.
Jinchuan offered C$1.60 for each share in Tyler Resources, a copper
and zinc exploration company, Tyler Resources said in a statement,
adding that it has signed a definitive support agreement.
They all must have gained 10 lbs on the campaign trail....every where you go tea and cookies, breakfasts etc....
Mcain vs Obama.....what an interesting matchup...
I like the freebie hour! Wheres Wade..? When he posts his short strategy again I am loading up on QQQQ/SSO......
Giddyup!
Art
Researcher...do you prefer any of these over the rest?
Thanks,
Art
Yes...I am still in but not the same position that I once had....held for a painful period but did well from adds in the .06 range to .20 and did not want to see it pull back again!.... bought back some more at year end...think 2008 SDGL will do well....
Working hard at work and can't track my investments like I did before... ;)
Good luck to you...
Let me know if you find other small Malaysian/Singapore/Asian prospects....
Art
NUS.TO
peeker:
Do you think it will get taken out long before then?
Art
Giddyup.
Art
Thanks...
Art
Cl,
Are you still favorably disposed toward CS.TO>?
Thanks,
Art
10bagger...trades in Singapore? What is your estimate of the price target/potential>?
Art
thx Skillz for the interest in the miners...
Art
Added significantly here at these levels...
GLTA in 2008!
Art
CL...
Yes you are an extraordinary trader....picked up some BN on your buy....nice move already...
Good luck in the new year!
Art
Note to self...
sell when Nuts sells...buy when CL buys...
lol
Art
BBOTs...JPM said never do business in a country that doesn't wear overcoats at least part of the year...wonder what he would think that someday the Chinese Government would buy a stake in the investment banking side of the House of Morgan!
Art
When will '07 end!! New Years day will be a good one for many this year!
Art
CL,
http://www.kitcometals.com/charts/zinc_historical.html
big zinc inventory spike in Johor Malaysia....doesn't seem to have impacted the price....
Did China change the VAT Export tax on Zinc or were they just considering that....?
betting on favorable impact to prices in '08....
looking at ADA, BWR, YZC...SWN
Art
From the BWR SH Forum...
Very painful medicine.... ;)
Art
*******************************************
embrys latest picks just out
Metals and Mining - Junior Resource Sector
To Buy or Not to Buy? - That is the Question
It is an accepted fact that one country, the United States, was the driver
of global economic growth over the past century. Therefore, is it
conceivable that adifferent country or countries could be the drivers in the
next 100 years should the US economic situation deteriorate further? We
believe that not only is this plausible, but the most likely event given the
growth possibilities in China and India. That said, we reiterate our bullish
attitude to the resource sector.
In our opinion, the time to buy is when no one else wants to. Conversely, we
think the time to sell is when everyone else wants to buy. To do just that
can be one of the most difficult decisions an investor has to make. The
trick is to make an intelligent decision, not an emotional one. Leaving your
emotions out of the decision making process will not only make your life
easier, but can ultimately improve the performance of your portfolio.
There are several factors affecting the market right now. There is the asset
backed commercial paper liquidity issue, the sub-prime mortgage meltdown,
dropping base metal prices and a general lack of direction. All these issues
combined with visions of sugar plums dancing in our heads can make for not
just a painfully boring market, but also a market with many opportunities.
Many of the holdings in our portfolios have come way off their highs. We
consider this an opportunity to not only reaccumulate positions but to
average down on existing core positions. Stocks that we like include
Rochester Resources (RCT-V), Salazar Resources (SRL-V), Galena Capital
(FYI-V), Blue Sky Uranium (BSK-V), United Reef Limited ( URP-V), and Prime
Meridian Resources (PMR-V).
which one? The land war in Asia?
Art
missed the deadline for PSL7...I predict I will win the KiK Foundation award... lol
GLTA
Art
HBM...
Looks like they didn't take their 'inorganic' option off of the table... Could use a good Jr. Acquisition in my portfolio.... I do miss my Lionore Resouces LIM.TO....
Art
1.3M Shares traded so far...mmm for every seller there was a buyer.....
hang in there Gene....
Art
nice bounce....from dismal levels....
Art
Man4...
What else are you looking at these days?
Art
Man4....
How are you doing in SDGL>? took a lot off the table as I could not bare to see it drop from its recent strength...was once my larges #shares holding....
Art
Nuts...
SWN a "non producer" is more of a long term call option on the price of zinc.... that in my book is a 5-10 yr story...with the light at the end of the tunnel being a TCK or Hudbay purchase of the resource in the face of rising zinc prices....
I am a longer term investor than most I guess. But you can buy quite a few shares at a discount with the long term 'hope' somebody needs the resource at a favorable price...
I have taken a hit but I might buy some Nickel and Zincers near the end of Dec...
Any thoughts before I pull the trigger..? You did make several good timing calls recently.....
Art
Tempted to load up on ADA at these levels but I have been horribly wrong on my zinc thesis so far.....
Art
From the ADA Stockhouse board....
***************************************************************
I thought that this was a good point-by-point analysis for being bullish
on zinc.
Terry Coughlan, V.P
Acadian Mining Corp.
________________________________________________________________________
_________________
This is from Rik Visagie at Octagon.
Analysis
• Since the beginning of the year the LME zinc price has dropped 40%
even though LME zinc stocks have
declined 8,300 tonnes.
• The weak zinc prices have be due to a combination of over pricing of
zinc in 2006, a perceived surge in new
mine supply, an over estimation of China’s zinc mine production, a
perception that China is a net exporter of zinc,
fear of a global recession, technical shorting of zinc futures and an
expected short term surge of zinc exports
before an expected change in tax law.
• Restarting old mines and bring on new mines is not going as smoothly
as forecasted. A labour and supply crunch
in the industry has delayed the ramping of production. In 2007,
restarting of old mines such as Lennard Shelf,
Caribou, Aljustrel have all encountered delays. Even though the new
world class zinc mine, San Cristobal, was
commissioned in July, production in the first 5 months has been less
than 1 month’s production at capacity and
there are rumors of on going start up problems.
• Judging by the large increase in Chinese zinc concentrate imports,
Chinese mine production in 2007 have not
expanded at the rates forecasted. The marginal Chinese mine production
which fueled Chinese mine growth in
2006 and maintained production in 2007 is for the most part high cost,
environmentally questionable and will
probably contract in the face of the current low zinc prices.
• During the first 10 months of 2007, China was not a net exporter of
zinc metal. While zinc metal exports were
positive, when zinc alloys are included China is in a balanced state of
zinc consumption.
• While global recession is a fear for 2008, it is far from a certainty.
To date US or any other OECD country are in
a recession. China, the biggest commodity purchaser, has had a growth
rate of 11.3% in 2007 and is expected to
slow down to 10.8% in 2008. We do not believe there will be a world
recession next year.
• Technical shorting of zinc is near capacity and the shorting of zinc
metal prices has helped in pushing the price of
zinc down. However, shorts eventually have to cover and the covering can
be difficult if the market is tighter
than expected.
• So far, there has not been a surge of zinc exports from China on the
expectations of a tax on zinc exports.
Perhaps the Chinese domestic market has less available zinc metal than
the pundits have been suggesting.
• We believe zinc is near a bottom and remain bullish on the price. We
believe zinc metal inventories are low,
mine production will not meet market expectations and zinc demand will
be strong next year. Last year at this
time we forecasted zinc to average $1.40 in 2008 and in September 2007
we increased the forecast to $1.75 per
pound. However, given the recent weakness in the zinc price and the
current market sentiment we are reducing
our 2008 zinc forecast back to $1.40 per pound
StockP...
Professional embarassment>? Thats a little much...I think the boy has done quite a bit of work this year....positioned to do well in the years ahead.... much more than most of us could have accompished with the same limited resources.....
Art
Is that kosher to hold material information for a public company?
Art
Silver,
My view is BWR is unfairly punished for some operational issues...and may have bottomed with some potential upside.
Art
yes...I read that, but the ones who tendered their shares for shares in an unrelated equity provided by Clayton obviously thought the unrelated equity had more potential value than their investment in Drake....otherwise they would not have tendered them....
GL
Art
So let me get this straight...
certain investors were willing to part with thier Drake DKGR shares for equity in another company.....seems strange if there is going to be such a great increase in shareholder value that they would decide to go with the other company vs Drake.....
I bought today so don't call me Drake hater...
Art
**********************************
"As an investors I wanted to maximize my value of shares and did so by cancelling the shares rather then acquiring them for myself. The exchange for the shares was based on a negotiation with the shareholders in which I offered equity in another company to them for their shares."