NEWS
RELEASE
SELKIRK
METALS CORP.
1255 West Pender
Street,
Vancouver, B.C. V6E
2V1
Tel.: (604) 687-2038 / Fax.: (604)
687-3141
TSX Venture Exchange: SLK
3.25
Meters of 23.78% Zinc and 3.85% Lead Confirms New
Discovery
Ruddock Creek Property,
B.C.
September 19,
2007 -
Selkirk Metals Corp. (???Selkirk??? or the ???Company???) is pleased to provide this
update on the newly defined sulphide horizons in the area of the U
Showings. This Zone is 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.
Historical exploration
by Falconbridge in the 1960???s had located 3 surface showings along an east ???
west trend covering 400m. These
showings reflect the surface expression of the multiple mineralized horizons
encountered in the 2007 drilling.
Five holes (RD-07-U1 to U5) have been completed to date from one drill
pad located near the middle of that historical trend, and all have intersected
massive sulphide mineralization, with the lowest horizon being the
thickest. To date only partial
results are available for RD-07-U1, which are summarized in the table
below;
HOLE
NUMBER |
FROM (m) |
TO
(m) |
INTERVAL (m)
|
ZINC% |
LEAD% |
U
Zone |
|
|
|
|
|
RD-07-U1 |
86.95 |
101.06 |
14.11 |
7.59 |
1.34 |
Including |
86.95 |
90.20 |
3.25 |
23.78 |
3.85 |
The recently completed
holes have traced the main sulphide horizon over an east - west distance of 150m
between holes RD-07-U2 and U5.
These intercepts start 200m east of the lowest, and westernmost, of the
surface outcrops. Drill intercepts
indicate the main sulphide horizon trends east - west and appears to dip at
approximately 45 degrees to the north.
This is consistent with the attitudes encountered in the E Zone and the
Creek Zones.
From the surface
outcrops to the intersection in the easternmost hole, (RD-07-U5), now covers a
total strike length of 350m, and the Zone remains open to the east. Recent surface mapping and sampling on a
cliff face 250m to the west of, and along strike from, the surface outcrops has
located additional previously unknown massive sulphide horizons. This defines a strike length of in
excess of 600m for the U Zone at this time, and it remains open in all
directions. Drilling is continuing
to define the up and down dip extent of the sulphide horizons. Reconnaissance traverses have indicated
that the new showings are on trend to connect with the V Showings an additional
600m further west for a potential strike length of 1.2 kilometers.
Massive sulphide bands
range from 20cm to 4.5m in thickness, within mineralized intervals of up to 15m
in thickness. The sulphide are
generally fine to medium grained and are very similar in style and grade to
those sulphides encountered at the E Zone and Creek Zone.
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.:
(signed) ???Gordon
Keevil???
Gordon
Keevil,
President |
|
|
|
For further information
on Selkirk Metals Corp. please visit its 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 management of
Selkirk and Doublestar 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 the public filings of both Selkirk and
Doublestar at www.sedar.com for further
INFORMATION.