Selkirk Metals Corp.
TSX VENTURE : SLK

Selkirk Metals Corp.

December 17, 2007 07:00 ET

Selkirk Metals Corp.: 8.0 Metres of 11.50% Zinc, 1.51% Lead in Hole RD-07-U7, Ruddock Creek Property, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2007) - Selkirk Metals Corp. (TSX VENTURE:SLK) ("Selkirk" or the "Company") is pleased to release the latest results from holes RD-07-U4 and U7 at 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.

Holes U4 and U7 were drilled from the same setup as the previous holes. U4 tested the zones down dip to the north, and U7 tested the same horizons up dip to the south. Previously released holes U1 and U2 (see News Release dated October 30, 2007) intersected the same thick mineralized horizon as seen in U7. The separate lenses of mineralization were encountered in both holes, confirming the multiple mineralized horizons noted in the earlier drilling at this location. The significant results received to date from the drill holes completed this season in the U Zone are tabulated below:



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FROM TO INTERVAL ZINC LEAD
HOLE NUMBER (m) (m) (m) % %
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U Zone:
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RD-07-U4 47.1 47.7 0.6 21.35 0.62
57.63 62.13 4.5 4.62 0.52
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RD-07-U7 33.14 38.41 5.27 3.43 0.41
99.4 120.54 21.14 5.27 0.74
Including 99.4 107.4 8.0 11.50 1.51
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RD-07-U1 86.95 101.06 14.11 7.59 1.34
Including 86.95 90.20 3.25 23.78 3.85
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RD-07-U2(partial) 127.3 135.0 7.70 21.48 2.5
and 144.0 149.0 5.0 4.96 0.82
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The semi to massive sulphide mineralization at the U Zone 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 1,000 metres to the west. Most of the area between the U and the V Zones is covered by talus, but can be easily tested by diamond drilling during surface exploration planned in 2008. Previous drill programs have shown the mineralized horizons at Ruddock Creek to be continuous and predictable, irrespective of the thickness of sulphides encountered in individual holes.

As mentioned in previous news releases, multiple mineralized horizons have been encountered at both the U Zone and in the northern portion of the Creek Zone. In addition, the two targets are at approximately the same stratigraphic level which indicates the possibility of them being continuous beneath the untested 1.2km that separates the zones. This will be confirmed by ongoing diamond drilling as exploration of the Ruddock Creek Property continues.

The Company is extremely pleased with these new results as it illustrates the lateral continuity of the massive sulphide horizons along a strike length of several kilometers. With the commencement of the underground development and drilling program on the E-Zone, the Ruddock Creek Project is now a year round operations that is expected to continue into mining operations as the Project develops. Operations on the Ruddock Creek Property are being conducted under the supervision of the Company's Qualified Persons (as defined by NI 43-101), Jim Miller-Tait, P.Geo., Vice President of Exploration and Tom Colbourne, P.Eng., Vice President of Mining. 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 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