Selkirk Metals Corp fka SLK

[NYBob]

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
[phone]
[phone] (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