Selkirk Metals Corp.

Selkirk Metals Corp.

November 27, 2006 09:00 ET

Selkirk Metals Corp.: Creek Zone Thickens Down Dip, 6.23m of 13.86% Combined Zinc + Lead, Ruddock Creek Property, B.C.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 27, 2006) - Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased to release the latest drill results from the summer drilling program on the Ruddock Creek Property, which is located 100km north of Revelstoke in the Kamloops and Revelstoke Mining Divisions, British Columbia (the "Property").

The first set of assay results have been received from drill holes RD-06-144, 145, 154, and 155, in the Creek Zone. These holes are located approximately 50 meters down dip from the 2 meters wide surface showing reported in the Company's News Release dated November 9, 2006. The intervals from these holes are shown in the following table.

RD-06-144 43.04 49.27 6.23 11.21 2.65
RD-06-145 43.36 50.79 7.43 8.78 1.93
RD-06-154 58.92 65.07 6.15 7.25 1.41
RD-06-155 91.75 92.48 0.73 9.59 2.65

(i) For reference each 1% of grade equals 10 kilos of metal per metric
tonne of ore
The current zinc price is $4.40US/kilo, and lead is $1.65US/kilo

Drill holes RD-06-144, 145, 149, 154 through 160 were completed from a single setup above the surface outcrop and designed to extend the Creek Zone down dip and along strike. The Creek Zone is located approximately 900m west of RD-06-152, which intersected 22.6m of 13.97% combined Zinc + Lead (See News Release November 23, 2006), and is approximately 1.9kms west of the outcrop of E-Zone mineralization where exploration began. Mineralization in the Creek Zone area is believed to be a fault offset of the E-Zone and is one of twelve massive sulphide showings at surface that define the 5.5 kilometer long southern edge of the known SEDEX basin. The Creek Zone forms part of a continuous series of massive sulphide showings, including the T and Lower T zones, which have been traced at surface for over 600 meters. Previous drilling results from the T Zone included 7.3 meters of 10.6% zinc and 2.24% lead.

All 10 holes intersected massive sulphide, and define the zone down dip to the north for a minimum 100 meters and along strike to the east and west for 100 meters. The zone remains open down dip and along strike.

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.

Selkirk holds a 70% interest in the Ruddock Creek Property pursuant to an option agreement with Doublestar Resources Ltd. (TSX VENTURE:DSR).

On Behalf of the Board of Directors:

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 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 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)