Selkirk Metals Corp.

Selkirk Metals Corp.

November 21, 2007 09:00 ET

Selkirk Metals Corp.: 14.76% Zinc, 2.63% Lead Over 7.5 Metres Extends the U Zone Along Strike; Ruddock Creek Property, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2007) - Selkirk Metals Corp. (TSX VENTURE:SLK) ("Selkirk" or the "Company") is pleased to announce the results of additional channel sampling conducted west of the U Zone. The U Zone is located 2,100 metres west of the deepest drilling of the E-Zone, approximately halfway along the 5.5km long Ruddock Creek Sulphide Horizon. This Horizon is a near continuous zone of zinc-lead bearing massive to semi massive sulphide mineralization and is illustrated on the Overview Figure on the Company's website,

This newly discovered section of the Ruddock Creek Sulphide horizon was found during the detailed surface geological mapping that accompanied the drilling carried out this past summer at the U Zone. The discovery is 500 metres west of the U Zone diamond drilling. The true thickness weighted average of the sampling is:

14.76% zinc and 2.63% lead over 7.5 metres.

The significant results received to date from the drill holes completed this season in the U Zone are tabulated below:

HOLE NUMBER (m) (m) (m) % %
U Zone
RD-07-U2 127.3 135 7.70 21.48 2.5
(partial results) 144 149 5.0 4.96 0.82
RD-07-U1 26.55 27 0.45 3.27 0.06
62.6 63.4 0.8 2.67 0.2
70.6 71.25 0.65 10.71 1.99
80.5 82.45 1.95 1.79 0.15
86.95 101.06 14.11 7.59 1.34
Including 86.95 90.20 3.25 23.78 3.85

The semi to massive sulphide mineralization that was channel sampled consists of medium to coarse grained sphalerite and galena with accessory pyrrhotite and pyrite. This mineralization appears to be on the same stratigraphic horizon as the V Zone mineralization which is located another 500 metres to the west. Most of the area to the V Zone is covered by talus but the entire 1,000 metres of the Ruddock Creek Sulphide Horizon between the U and V Zones, including the area of channel sampling, can be easily tested by diamond drilling during the next surface exploration program.

The Company is extremely pleased with this new discovery as it illustrates that additional discoveries can be made by simple detailed geological mapping and prospecting. Exploration on the Ruddock Creek Property is being conducted under the supervision of the Company's Qualified Person (as defined by NI 43-101), Jim Chapman, P.Geo. Acme Analytical Laboratories Ltd. was engaged to carry out the analytical work on all samples. The analytical procedure utilized was the Group 7AR 23 multi-element assay by ICP-AES methods. The Ruddock Creek Property is located 100 km north-northwest of Revelstoke in the Kamloops and Revelstoke Mining Divisions, British Columbia.

On Behalf of the Board of Directors of Selkirk Metals Corp.:

Gordon Keevil, President

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that management of Selkirk expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of Selkirk at for further information.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of content of this press release.

Contact Information

  • Selkirk Metals Corp.
    Gordon Keevil
    (604) 687-2038
    (604) 687-3141 (FAX)