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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
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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
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Selwyn confirms continuity of mineralization at Don Deposit

14th Jul 2011, 2:58 pm by Brad Lemaire

Selwyn Resources (CVE:SWN) announced Monday t hat exploration drilling at its Don deposit, part of the Selwyn Project in the eastern region of the Yukon Territories, Canada has confirmed the continuity of known zinc-lead mineralization.

Drilling at the property was conducted over three lenses, or mineralization that is thick in the middle and tapers towards the ends, at the Don deposit.

Drill hole DON-209, which intersected the bottom of lens 61 and the top of lens 63, found 11.16 metres grading 6.47% zinc and 2.3% lead. The lower intercept in hole DON-209 returned 14.73 metres grading 7.63% zinc and 3.26% lead, including 19.2% zinc and 12.03% lead over 2.16 metres.

In hole DON-210, which intersected lens 61, results included 8.9% zinc and 3.45% lead over 21.93 metres, including 18.16% zinc and 8.65% lead over 2.69 metres.

A prior mineral resource report for the Don Deposit found high-grade mineralization, with indicated resources of 5.33 million tonnes grading 9.98% zinc and 3.86% lead, and 5.34 million tonnes grading 7.94% zinc and 2.95% lead in the inferred category.

Other notable results reported today from the Don deposit included 7.63% zinc and 2.48% lead over 1.4 metres in hole DON-208; and 10.57% zinc and 1.64% lead over 2.69 metres in hole DON-211, including 8.77% zinc and 2.96% lead over 6.4 metres.

Drilling continues at the Selwyn property, with one drill at Don, and two drills at the XY West deposit, continuing to confirm known mineral resources.

In other news, Selwyn also announced it received acceptance from regulatory authorities for a prospectus, which will allow the issuance of over 50.3 million common shares and over 25.2 million share purchase warrants upon the exercise of 50.34 million special warrants, which were issued in late May and early June.

Each warrant entitles the holder to purchase one common share for $0.40 within two years from the issue date of the special warrant.

The prospectus also allows for the sale of 24 million common shares on a best efforts basis, the company said.

Selwyn's primary focus will remain on the development of its Selwyn project, conducted by the joint venture comprised of Selwyn and Chihong Canada Mining.

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