www.selwynresources.com
Selwyn with its 50% joint venture partner, Yunnan Chihong Zinc & Germanium Co. Ltd., is advancing the Selwyn Project in Yukon and Northwest territories to bankable feasibility and development. Chihong is funding the next $100M of exploration and development activities. Chihong is a fully integrated mining and smelting company based in southern China. Together the partners will seek project financing from Chinese banks.
Selwyn Project hosts perhaps the largest undeveloped zinc-lead deposit in the World. Initial mine development will focus on 16.06M tonnes of high grade Indicated mineral resources grading 10.06 % zinc and 4.23% lead and 26.70M tonnes grading 8.81% zinc and 2.81% lead. Initial mine production is forecast at 255,000 tpa of zinc and 65,000 tpa of lead in concentrate; commencing as early as late 2013, coinciding with forecast shortfalls in mine supply.
Selwyn Resources reports high grade zinc-lead from Don deposit
Selwyn Resources (CVE:SWN) announced today initial drill results from the Don deposit at its Selwyn zinc-lead project in the Yukon, showing high grade mineralization.
The NI 43-101 compliant mineral resource of the Don deposit is composed of three lenses in the underground environment: the 61-lens, 62-lens, and the 63-lens, each of which is structurally bounded by faults.
The results reported today are from the 61-lens of the deposit, and are part of the definition drill program at the site.
Highlights include 43.82 metres grading 13.63% zinc and 7.35% lead, including 14.89 metres grading 30.64% zinc and 18.34% lead in hole DON-157; and 26.09 metres grading 8.00% zinc and 3.6% lead, including 3.82 metres grading 20.54% zinc and 10.64% lead in hole DON-179.
"Management is very pleased with the demonstrated continuity of high-grade mineralization that has been encountered in this program," said president and CEO Dr. Harlan Meade.
"The high-grades and good thicknesses in 61-lens are very attractive for early mine development in the bankable feasibility in progress."
The company said that drilling will continue at the Don deposit with four rigs, and with two rigs at the XY West deposit, designed to confirm known mineral resources.
At the Don deposit, the previous NI 43-101 compliant indicated mineral resource was 5.325 million tonnes grading 9.98% zinc and 3.86% lead, with an inferred mineral resource of 5.335 million tonnes grading 7.94% zinc and 2.95% lead.
Drilling at the Selwyn project is being conducted by Selwyn Chihong Mining, the joint venture company equally owned by Selwyn and Chihong Mining Canada.


















