Selkirk Metals Corp.
TSX VENTURE : SLK

Selkirk Metals Corp.
Ahousaht First Nation

October 15, 2009 14:08 ET

Selkirk Metals Corp. and Ahousaht First Nation: Exploration and Operations Update-Catface Copper Project, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2009) - Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) and the leadership of the Ahousaht First Nation ("Ahousaht") together are pleased to confirm that the Permit approving operations for the proposed 2009 exploration program on the Catface Copper Project, British Columbia has been issued.

The approved program includes 22 drill holes totaling approximately 11,000 meters from 11 sites. Drilling will focus on continued expansion and definition of the Cliff Zone, which contains all the resource outlined to date; evaluation of the higher grade mineralization within the Irishman Creek Zone; and drill testing of the Hecate Bay Zone, which was previously identified by surface geochemistry, prospecting, IP geophysics and geological mapping.

Additional work will include the rehabilitation of 7 kilometres of road previously used as a main haul road for logging on Catface as well as the extensive mineral exploration operations carried out by the former project operator.

Selkirk is planning to work with an Ahousaht based field construction company to complete the road rehabilitation and exploration crews will continue to have significant representation by Ahousaht community members.

The Ahousaht Chief and Council and membership have given their approval and support to Selkirk continuing mineral exploration at and around Catface Mountain, and the road rehabilitation project that is required. Ahousaht and Selkirk have agreed to work together to ensure that the highest environmental standards will be upheld in relation to the mineral exploration and mine development, should it be put into production.

Catface Copper Mines Limited, a subsidiary of Selkirk, holds all of the mineral rights issued by the Province of British Columbia for the Catface property which is located at and around Catface Mountain in central Vancouver Island, British Columbia.

SELKIRK METALS CORP.

Gordon Keevil, President and CEO

AHOUSAHT FIRST NATION

John O Frank, Ahousaht Chief Councillor

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 or "forward-looking information" within the meaning of Canadian securities laws. 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 the Company 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 our public filings at www.sedar.com for further information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Selkirk Metals Corp.
    Gordon Keevil
    President
    604-687-2038
    (604) 687-3141 (FAX)
    www.selkirkmetals.com
    or
    Ahousaht First Nation
    John O Frank
    Ahousaht Chief Councillor
    (250) 670-9563
    (250) 670-9696 (FAX)