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Additional Information
Market: TSX-V
Sector: General Mining - Zinc, Lead and Tin
EPIC: SWN
Latest Price: C$0.12  (9.09% Ascending)
52-week High: C$0.27
52-week Low: C$0.11
Market Cap: C$47.10M
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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's deep drilling at Don defines new mineral resource potential

15th Aug 2011, 6:35 pm by Deborah Sterescu

Selwyn Resources (CVE:SWN) announced Monday final drill results from the Don deposit at its zinc-lead project in the Yukon, intersecting a thick section of high-grade mineralization within a broader zone off the edge of the known resource.

Exploration drilling targeted an area between the Don and Don East deposits, and was conducted by the joint venture company equally owned by Selwyn, and Chihong Mining Canada, a subsidiary of Yunnan Chihong Zinc and Germanium Co.

Highlights of the drilling include hole DON-219, which returned 28.06 metres grading 7.46% zinc and 2.05% lead, including 12.42 metres grading 10.67% zinc and 2.68% lead.

The company said the target of high grade mineralization was defined at depth joining the Don and Don East deposits, with interpreted dimensions of 900 metres by 250 metres, and average thickness of 25 metres.

The new target was the result of recent deep drilling at Don, which yielded intercepts of thick, high grade mineralization below the previously known mineral resource for the property. This includes hole DON-192, which was intersected from 586.90 to 642.80 metres, with a higher-grade section from 598.90 to 642.80 metres grading 8.94% zinc and 3.16% lead over a true thickness of 43.15 metres.

Selwyn said that hole DON-219 suggests the potential for resource expansion in the area. However, additional definition drilling will be required before defining the mineral potential to NI 43-101 compliant standards, the company added.

A January 2008 report for the Don deposit defined an indicated mineral resource of 5.3 million tonnes grading 9.98% zinc and 3.86% lead, and an inferred resource of 5.3 million tonnes grading 7.94% zinc and 2.95% lead.

The Don East deposit has an Inferred mineral resource of 11.9 million tonnes grading 8.95% zinc and 2.30% lead.

Updated mineral resource estimates for both the Don and XY Central deposits are in their final stages of completion, based on new information from the fall 2010 and spring 2011 definition drilling program.

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