Selkirk Metals Corp.

Selkirk Metals Corp.

November 28, 2007 09:00 ET

Selkirk Metals Corp.: Ruddock Creek Project Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2007) - Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased to provide this update regarding the underground development and infrastructure construction at the Ruddock Creek Project, B.C.

The underground decline is progressing as designed. The contractor, Procon Mining and Tunnelling Ltd. ("Procon"), is well established with all of the necessary infrastructure for continuous 24 hour, seven day a week, year-round underground operations. Their infrastructure includes office, shop, generators, compressors, underground and surface fleet of equipment and all associated support and personnel to drive the -15% decline for approximately 1,000 metres, to undercut the deepest drill intersections of the E Zone. The decline and associated lateral cross cuts will provide diamond drill stations from which to complete the exploration and definition drilling required to expand the E Zone to the west and to allow for the calculation of an overall resource within the E Zone to the depth defined to date.

The decline will intersect the E Zone where the diamond drill holes tabulated below intersected the mineralization:

HOLE NUMBER (m) (m) (m) % %
E Zone
RD-05-113 708.5 722.55 14.05 15.79 3.33

RD-06-152 648.84 671.40 22.56 11.70 2.27

The portal has been collared and 120 metres of ramp, safety bays, re-muck stations and related underground development have been completed. As Procon gains experience with this location, production will continue to accelerate with the first round of underground diamond drilling scheduled to commence in early March 2008.

The Company is also pleased to confirm that the 40 man camp required for continuous year-round operations has been installed at Light Lake. This location is 1,200m from the portal site which is connected by the newly constructed access road that was built at haulage grades. The camp will be used by the underground mining and diamond drilling contractors as well as the Company's engineering and geological staff. To ensure that operations will continue throughout the winter, an experienced staff has been assembled to oversee all critical areas and all facilities have been located and constructed accordingly.

The Company is pleased that the Ruddock Creek Project has developed into a year round exploration and development that is expected to continue into operations as the Project expands. 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. The Ruddock Creek Property is located 100 km north-northwest of Revelstoke in the Kamloops and Revelstoke Mining Divisions, British Columbia.

Selkirk is also pleased to announce that the recently completed video presentation on the Ruddock Creek Project is now available for viewing on the Company's website.

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 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)