Selkirk Metals Corp.
TSX VENTURE : SLK

Selkirk Metals Corp.

September 19, 2007 12:35 ET

Selkirk Metals Corp.: 3.25 Meters of 23.78% Zinc and 3.85% Lead Confirms New Discovery Ruddock Creek Property, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 19, 2007) - Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased to provide this update on the newly defined sulphide horizons in the area of the U Showings. This Zone is located 2.8km west of the E-Zone outcrop and 1.5km northwest of the Creek Zone outcrop at the Ruddock Creek Project, B.C. The showings are located in the central portion of the 5km long Ruddock Creek Sulphide Horizon.

Historical exploration by Falconbridge in the 1960's had located 3 surface showings along an east - west trend covering 400m. These showings reflect the surface expression of the multiple mineralized horizons encountered in the 2007 drilling. Five holes (RD-07-U1 to U5) have been completed to date from one drill pad located near the middle of that historical trend, and all have intersected massive sulphide mineralization, with the lowest horizon being the thickest. To date only partial results are available for RD-07-U1, which are summarized in the table below;



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HOLE NUMBER FROM (m) TO (m) INTERVAL (m) ZINC% LEAD%
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U Zone
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RD-07-U1 86.95 101.06 14.11 7.59 1.34
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Including 86.95 90.20 3.25 23.78 3.85
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The recently completed holes have traced the main sulphide horizon over an east - west distance of 150m between holes RD-07-U2 and U5. These intercepts start 200m east of the lowest, and westernmost, of the surface outcrops. Drill intercepts indicate the main sulphide horizon trends east - west and appears to dip at approximately 45 degrees to the north. This is consistent with the attitudes encountered in the E Zone and the Creek Zones.

From the surface outcrops to the intersection in the easternmost hole, (RD-07-U5), now covers a total strike length of 350m, and the Zone remains open to the east. Recent surface mapping and sampling on a cliff face 250m to the west of, and along strike from, the surface outcrops has located additional previously unknown massive sulphide horizons. This defines a strike length of in excess of 600m for the U Zone at this time, and it remains open in all directions. Drilling is continuing to define the up and down dip extent of the sulphide horizons. Reconnaissance traverses have indicated that the new showings are on trend to connect with the V Showings an additional 600m further west for a potential strike length of 1.2 kilometers.

Massive sulphide bands range from 20cm to 4.5m in thickness, within mineralized intervals of up to 15m in thickness. The sulphide are generally fine to medium grained and are very similar in style and grade to those sulphides encountered at the E Zone and Creek Zone.

Sampling of the drill core is being carried out on an ongoing basis and the results from the 2007 drilling program will be released as they are received and compiled by the Company. 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

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