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Selwyn Joint Venture Feasibility Study Update
Published : November 19, 2012
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Keywords :   Canada | China | Lead | Market | Recovery | Zinc |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2012) - Selwyn Resources Ltd. (News - Market indicators) ("Selwyn") is pleased to announce the progress and plans for completion of a Feasibility Study for the Selwyn Project. The Feasibility Study is being advanced by Selwyn Chihong Mining Ltd. ("SCML"), the joint venture company, formed by Selwyn and Chihong Canada Mining Ltd., a wholly owned subsidiary of Yunnan Chihong Zinc & Germanium Co., Ltd., one of China's largest zinc and lead mining and smelting companies.

The SCML Management Committee has recently met and confirmed a plan and budget for the completion of a feasibility study based on the revised 3,500 tonne per day mining and milling plan communicated in the August 22, 2012 news release. It is contemplated that the feasibility study will be completed in late March 2013 utilizing the remaining funds within the Joint Venture bank account: $5.37 million as at October 1, 2012. Upon completion of the expenditures remaining in the Joint Venture bank account, Chihong Canada will have vested a 50% interest in the Joint Venture.

The August 22, 2012 news release provides investors with guidance on the main parameters of the planned mine, mill and infrastructure development. The key remaining activities are finalization of the mine design and production schedule which will be undertaken by SCML staff working with Tetra Tech mine group based in Denver; and secondly, completion of the final phase of metallurgical test work that is focused on evaluation of opportunities to reduce energy requirements in the fine grinding in the re-grind circuit and improvements in lead recovery. Independent Qualified Persons Jeff Austin and Ken Major will confirm processing plan and mill design, both in conjunction with Hatch in Vancouver. With completion of these sectors, surface facilities will be finalized and SCML can file its Project Report with the Yukon Environmental and Socioeconomic Assessment Board (YESAB) and commence the environmental assessment process for the project and project infrastructure.

A recent geotechnical report has been completed that indicates more favourable ground conditions than previously determined in the initial proposed mining areas. AMEC reviewed geotechnical drill hole data for the XY Central and Don deposits and evaluated ground conditions in recently re-opened underground development that was completed in 1981 (at XY Central deposit) by previous operators. With this new information, the increase in stope spans was confirmed, and the mining plan has been modified and production plan formalized.

Selwyn's primary focus remains the exploration and development of the properties that make up the Selwyn Project in the Yukon, by the joint venture comprised of Selwyn and Chihong Canada Mining Ltd. The Selwyn Project hosts large tonnages of zinc-lead mineralization which have the potential for large scale production, and could provide a secure supply of zinc and lead to meet the future needs of the markets in Asia and beyond.

Forward Looking Statements

This press release contains forward-looking statements concerning mineralization and the development of the Selwyn Project. These forward-looking statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond Selwyn's control, including the results of exploration activities, economic evaluations and engineering studies, the availability of funds in the financial markets on terms acceptable to Selwyn and the public's view of the economic value of the Selwyn Project. Additionally, more drilling is required to confirm the potential of the new discovery areas, expansions of the current resource areas and the extension of the higher grade deep mineralization to depth at the Selwyn Project. There is no assurance that such additional drilling will expand mineral resources or that the resources being defined can be developed as an economically attractive mine. Uncertainties associated with permitting and other factors could delay development of the Selwyn Project. Although Selwyn has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause results not to be as anticipated or intended. There is no assurance that such information will prove to be accurate, as future events could differ materially from those anticipated in such information and accordingly, there is no assurance that the Selwyn Project will be developed into a profitable mine. Readers should not place undue reliance on forward-looking statements.

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.

Selwyn Resources Ltd.
Dr. Harlan Meade
President & CEO
+1 (604) 801-7240 or Toll-free: +1 (888) 989-9188
+1 (604) 689-8355 (FAX)
info@selwynresources.com
www.selwynresources.com
Companies Mentionned : Energy X X I | Mineral Resources | Reliance | Yunnan |
Data and Statistics for these countries : Canada | China | All
Gold and Silver Prices for these countries : Canada | China | All

Selwyn Resources Ltd.

PRODUCER
CODE : SWN.V
ISIN : CA81662B1040
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Selwyn Res. is a zinc and lead development stage company based in Canada.

Selwyn Res. holds various exploration projects in Canada and in Mexico.

Its main asset in production is SCOTIA MINE - in Canada, its main assets in development are SELWYN / HOWARD PASS and HOWARD'S PASS in Canada and its main exploration properties are GETTY DEPOSIT in Canada and VINATA in Mexico.

Selwyn Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 4.7 millions as of today (US$ 3.5 millions, € 3.2 millions).

Its stock quote reached its lowest recent point on November 21, 2008 at CA$ 0.04, and its highest recent level on March 11, 2011 at CA$ 4.88.

Selwyn Res. has 3 940 000 shares outstanding.

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In the News and Medias of Selwyn Resources Ltd.
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8/12/2010Closes US$5 Million Credit Facility
6/17/2010Announces up to $3 Million Non-brokered Flow-through and Uni...
12/24/2009 Announces Up to $1,000,000 Non-brokered Flow-through Financ...
9/16/2009Increase Up to $7,092,000 Non-brokered Share Financing
9/8/2009Up to $6 Million Non-brokered Share Financing
5/8/2009 Announces Up to $4 Million Non-brokered Unit and Flow-throu...
Option Grants of Selwyn Resources Ltd.
1/20/2011Issuance of 1.400.000 stock options to Mr. Joseph P. Ringwal...
12/24/2010(angl) Issuance of stock options to Mr. Robert Rusko
11/16/2010Issuance of 4.000.000 stock options to officers and employee...
8/15/2009Grants Stock Options
Nominations of Selwyn Resources Ltd.
4/22/2013Announces Resignation of A. Jay Collins as a Director
3/12/2013Announces Appointment of New Manager of Investor Communicati...
9/24/2012Appoints Directors to Its Board
2/24/2011Expands Management Team
11/10/2010Announces Changes to Its Board
10/7/2010Announces Appointment of New Manager of Investor Communicati...
7/7/2009Appointment of Korea Zinc Representative to Board
Project news of Selwyn Resources Ltd.
6/14/2013New Mine Plan for ScoZinc Project Filed on SEDAR
6/11/2013Announces Updated ScoZinc Mine Plan
4/20/2013to Hold Vote on Sale of Selwyn Project Only on April 22, 201...
3/5/2013Announces Agreement to Sell Remaining Interest in Selwyn Pro...
5/11/2012=E2??s Assays Confirm High-Grade Mineralization at Don Conne...
4/30/2012Chihong Receives Howard=E2??s Pass Mine Access Road Licence
4/16/2012Drilling in Don Connector Confirms Thick Zinc-Lead Mineraliz...
2/17/2012Acquires Surface Rights for Expansion at ScoZinc Mine
10/11/2011Receives Environmental Approval for ScoZinc Mine
9/19/2011New High-Grade Discovery Mineralization Extends XY West to t...
9/6/2011Significantly Expands XY West Deposit
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4/25/2011Chihong Receives B Water License: Project Update
2/22/2011(Scotia Mine -)Signs Binding Agreement to Acquire ScoZinc Limited
2/15/2011(Selwyn / Howard Pass)Intercepts Thick High-Grade Mineralization in XY Central Dep...
1/18/2011(Selwyn / Howard Pass)Drilling Confirms Near Surface High-Grade Mineralization at ...
12/23/2010(Selwyn / Howard Pass)Drilling Continues to Confirm High-Grade Mineralization at X...
12/17/2010(Selwyn / Howard Pass)Definition Drilling Confirms High-Grade Mineralization at XY...
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10/7/2009(Vinata)Announces the Commencement of Drilling on Vinata Property
9/24/2009(Howard's Pass)Expands XY High-Grade Mineral Potential
8/13/2009(Vinata)Receives Regulatory Approval of Vinata Property Acquisition
3/13/2009(Howard's Pass)Expanded High-Grade Underground Mineral Resources
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1/15/2008Don East Deposit Continues to Expand Mineral Potential
1/10/2008Infill Drilling Confirms Higher-Grade XY Open Pit
Corporate news of Selwyn Resources Ltd.
9/30/2015Selwyn Changes Name to ScoZinc Mining Ltd.
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5/23/2013Important Notice
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4/9/2013Announces Receipt of Second $5 Million Purchase Price from C...
2/18/2013Announces New Vice President of Exploration
12/21/2012New Mine Plan for ScoZinc Project Filed on SEDAR
11/22/2012New Mine Plan for ScoZinc Project Provides a Strong Basis fo...
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10/24/2012Grants Stock Options
10/12/2012Announces Changes to its Management
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9/27/2012d Selwyn Project Mineral Resource Technical Report Filed on ...
9/10/2012Announces Changes to its Board
9/6/2012Suspends Strategic Review Process
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5/14/2012Announces Special and Annual General Meeting Results
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4/17/2012Progress Update
4/17/2012Announces Closing of Debt Facility
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11/7/2011Expands Scope of Feasibility Study
9/13/2011ANNOUNCES UPDATED MINERAL RESOURCES FOR SELWYN PROJECT
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4/19/2011Expands Management Team
3/30/2011(Getty Deposit)Announces Getty Deposit Mineral Resources
2/17/2011Exercises Savant Common Share Purchase Warrants
1/27/2011Announces Intention to make a Normal Course Issuer Bid
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11/25/2010Provides Update on Liard First Nation=E2??s Legal Action
11/12/2010Announces Reimbursement of CAD$7.44M from Selwyn Chihong
7/28/2010$650,000 Closing of Second Tranche of Financing
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10/29/2009Announces Receipt of Class A Land Use Permit from the Sahtu ...
10/23/2009$960,000 Closing of Second Tranche of Financing
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7/21/2009Advances the Selwyn Project
6/3/2009$2.25 Million Closing of First Tranche of Unit Financing
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TSX-V (SWN.V)FRANKFURT (P3Z.F)
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