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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 cancels $30 million bond financing for ScoZinc mine

18th Oct 2011, 6:50 pm by Olivia D'Orazio

Selwyn Resources (CVE:SWN) said on Monday that it has kyboshed its agency agreement for a proposed US$30 million bond financing for the restarting of its ScoZinc mine.

Selwyn said that Norwegian-based investment firm First Securities was to act as the company’s agent in regards to the proposed $30 million offering of secure senior bonds, which it has since terminated. 

The offering was to raise funds to restart the past producing zinc-lead mine in Nova Scotia known as the ScoZinc Mine.

Additionally, Selwyn said it continues to pursue other avenues to finance the restarting of the ScoZinc mine.

Earlier this month, the mineral explorer said that it received approval from the Minister of Environment for Nova Scotia regarding its proposed southwest expansion of the main zone of its ScoZinc mine.

In August, Selwyn began its exploration activities at the mine, which it acquired when it bought ScoZinc Ltd in June 2011. The program consisted of infill definition drilling and near-mine exploration in support of the mine's re-start activities.

Selwyn’s primary focus remains the exploration and development of the properties that make up the Selwyn project in the Yukon, which is operated by the joint venture comprised of Selwyn and Chihong Canada Mining.

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