Selkirk Metals Corp.
TSX VENTURE : SLK

Selkirk Metals Corp.

September 26, 2007 09:00 ET

Selkirk Metals Corp.: 4.18 meters of 17.18% Zinc and 3.87% Lead from Creek Zone Drilling Ruddock Creek Property, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 26, 2007) - Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased to announce the first set of results from the 2007 drill program on the Creek Zone. The Creek Zone forms part of a series of massive sulphide showings exposed at surface, which include the Lower and Upper T Zones. In total these zones, which exhibit similar characteristics, indicate a continuous sulphide horizon with a strike length of over 1 kilometer and a down dip depth potential of at least 500 meters.

To date, the results from the initial four holes from the Creek Zone drill program have been received. The following table summarizes the significant results from these holes:



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HOLE NUMBER FROM (m) TO (m) INTERVAL (m) ZINC (%) LEAD (%)
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Creek Zone
RD-07-161 149.37 153.55 4.18 17.18 3.87
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RD-07-162 174.5 179.16 4.66 8.16 1.89
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RD-07-163 316.0 325.05 9.05 6.24 1.37
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RD-07-164 199.49 201.83 2.34 5.60 1.29
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The 2007 drill program on the Creek Zone consists of wide spaced drill holes, with intercepts approximately 80 meters apart, in order to significantly extend the area of mineralization. The results to date are very encouraging as they confirm the continuity and excellent grade of the Creek Zone. The Creek Zone is approximately 1.5 kilometers east of the E-Zone and can be accessed from the planned underground development.

Previous drilling on the Creek Zone in 2006 was designed to extend the zone of massive sulphide mineralization that was identified at surface. Ten holes were completed in a 100m by 100m area, all of which encountered the mineralized horizon. The following table summarized the significant results from the 2006 drill program on the Creek Zone:



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CREEK ZONE 2006 DRILL RESULTS
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HOLE NUMBER FROM (m) TO (m) INTERVAL (m) ZINC (%) LEAD (%)
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RD-06-144 43.04 49.27 6.23 11.21 2.65
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RD-06-145 43.36 52.75 9.4 7.73 1.74
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RD-06-149 47.62 60.26 12.6 11.26 2.44
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RD-06-154 58.92 67.1 8.2 5.85 1.13
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RD-06-155 91.75 92.48 0.73 9.59 2.65
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RD-06-156 72.74 73.49 0.75 12.88 3.17
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RD-06-157 74.0 80.12 6.12 7.08 1.55
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RD-06-158 63.42 71.83 8.41 6.07 1.82
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RD-06-159 51.93 61.92 9.99 4.51 1.07
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RD-06-160 55.34 60.47 5.13 21.27 4.61
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Drilling on the Creek Zone has shown the mineralization encountered in this area to have the same style and character as the E Zone. Previous work has defined the E Zone mineralization as an extensive sheet of base metal rich massive to disseminated sulphide mineralization, covering an area at least 1100m long by 400m in width and up to 30m in thickness. It is uncertain at this time whether the Creek Zone is a continuation of the E Zone, or a separate mineralized horizon. The similarities are such that the 2007 drill program was intended to indicate the potential extent of the horizon and not to drill the Zone in detail. At this time, the Creek Zone remains open at depth in all directions.

Of particular interest is the presence of multiple mineralized horizons in the northern portion of the Creek Zone, with the main horizon being present in all but one of the holes drilled. The base metal rich sulphide mineralization ranges up to 14.2m in thickness, and up to four discrete horizons are locally present. The presence of multiple mineralized zones within the stratigraphy is similar to that encountered in the recent drilling at the U Zone, which is located a further 1.2kms west of the Creek Zone along the "Ruddock Creek Sulphide Horizon". Attitudes and elevation of the mineralization within these two zones indicates that they may form part of a continuous horizon that will be confirmed by ongoing diamond drilling as exploration of the Ruddock Creek Property continues.

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. As a result of the completion of the acquisition of Doublestar Resources Ltd., Selkirk now has an undivided 100% interest in the Ruddock Creek Property. 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

For further information on Selkirk Metals Corp. please visit its website at www.selkirkmetals.com.

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 and Doublestar 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 both Selkirk and Doublestar at www.sedar.com 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
    President
    (604) 687-2038
    (604) 687-3141 (FAX)
    Website: www.selkirkmetals.com