Proactiveinvestors recommends
Additional Information
Market: TSX-V
Sector: General Mining - Zinc, Lead and Tin
EPIC: SWN
Latest Price: C$0.11  (0,00%)
52-week High: C$0.27
52-week Low: C$0.11
Market Cap: C$43.17M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Selwyn Resources
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.

Full Selwyn Resources profile here
Is SWN a Buy, Sell or Hold?Get your FREE analysis of SWN
Pdf

Selwyn receives water license to advance underground program at Yukon zinc-lead project

27th Apr 2011, 8:26 pm by Deborah Sterescu

Selwyn Resources (CVE:SWN) said Monday that it has received a type B water license to progress the development of its joint Selwyn zinc-lead project in the Yukon.

The type B license, which was issued following an assessment of the project's underground program, allows for the use and discharge of water related to planned exploration activities for the XY Central deposit. The license has a 10-year term.

"The receipt of this license allows the proposed initial underground development activities at the XY Central deposit to proceed," said president and CEO of Selwyn, Dr. Harlan Meade.

"The primary purpose of the underground program is to confirm the mining conditions that form the basis of the mining plan for the XY Central deposit.”

The company has already purchased and transported roughly $10 million of mining equipment and supplies to the XY Central deposit area.

The underground program will allow for the access of underground mineralization at the site, and will also act as a platform for diamond drilling.

The Yukon-based project is under a joint venture agreement, formed between Selwyn Resources and Chihong Canada Mining.

Definition drilling is now complete on the XY Central and Don deposits, and new mineral resource estimates are currently being prepared. Work is also underway for the preparation of a new mineral resource model for the XY West deposit - a third potential zone.

The final bankable feasibility study for the Selwyn project is expected in the second quarter of 2012.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.