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
8.0 metres
of 11.50% Zinc, 1.51% Lead in Hole RD-07-U7,
Ruddock
Creek Property, B.C.
December 17, 2007
– Selkirk Metals Corp.
(“Selkirk” or the
“Company”) is pleased
to release the latest results from holes RD-07-U4 and U7 at the U Zone. The U
Zone is located 2,100 metres west of the deepest drilling of the E-Zone,
approximately halfway along the 5.5km long Ruddock Creek Sulphide Horizon.
Holes U4 and U7 were drilled from the same setup
as the previous holes. U4 tested the zones down dip to the north, and U7 tested
the same horizons up dip to the south. Previously released holes U1 and U2 (see
News Release dated October 30, 2007) intersected the same thick mineralized
horizon as seen in U7. The separate lenses of mineralization were encountered
in both holes, confirming the multiple mineralized horizons noted in the
earlier drilling at this location. The significant results received to date
from the drill holes completed this season in the U Zone are tabulated below:
|
HOLE NUMBER
|
FROM (m)
|
TO
(m)
|
INTERVAL (m)
|
ZINC
%
|
LEAD
%
|
|
U
Zone:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RD-07-U4
|
47.1
|
47.7
|
0.6
|
21.35
|
0.62
|
|
|
57.63
|
62.13
|
4.5
|
4.62
|
0.52
|
|
|
|
|
|
|
|
|
RD-07-U7
|
33.14
|
38.41
|
5.27
|
3.43
|
0.41
|
|
|
99.4
|
120.54
|
21.14
|
5.27
|
0.74
|
|
Including
|
99.4
|
107.4
|
8.0
|
11.50
|
1.51
|
|
|
|
|
|
|
|
|
RD-07-U1
|
86.95
|
101.06
|
14.11
|
7.59
|
1.34
|
|
Including
|
86.95
|
90.20
|
3.25
|
23.78
|
3.85
|
|
|
|
|
|
|
|
|
RD-07-U2(partial)
|
127.3
|
135.0
|
7.70
|
21.48
|
2.5
|
|
and
|
144.0
|
149.0
|
5.0
|
4.96
|
0.82
|
The semi to massive sulphide mineralization at
the U Zone consists of medium to coarse grained sphalerite and galena with
accessory pyrrhotite and pyrite. This mineralization appears to be on the same
stratigraphic horizon as the V Zone mineralization which is located another 1,000
metres to the west. Most of the area between the U and the V Zones is covered
by talus, but can be easily tested by diamond drilling during surface
exploration planned in 2008. Previous drill programs have shown the
mineralized horizons at Ruddock Creek to be continuous and predictable,
irrespective of the thickness of sulphides encountered in individual holes.
…/Cont’d.
As mentioned in previous news releases, multiple
mineralized horizons have been encountered at both the U Zone and in the
northern portion of the Creek Zone. In addition, the two targets are at
approximately the same stratigraphic level which indicates the possibility of
them being continuous beneath the untested 1.2km that separates the zones. This
will be confirmed by ongoing diamond drilling as exploration of the Ruddock
Creek Property continues.
The Company is extremely pleased with these new results
as it illustrates the lateral continuity of the massive sulphide horizons along
a strike length of several kilometers. With the commencement of the underground
development and drilling program on the E-Zone, the Ruddock Creek Project is
now a year round operations that is expected to continue into mining
operations as the Project develops. 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. 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. 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 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 Selkirk at www.sedar.com for further information.