Selkirk Metals Corp.
TSX VENTURE : SLK

Selkirk Metals Corp.

September 13, 2007 09:00 ET

Selkirk Metals Corp.: Significant New Discovery at the Ruddock Creek Project, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2007) - Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased to announce significant new intersections below the U Showings 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.

Two holes have been completed to date and both have intersected very significant thicknesses of massive sulphide mineralization. Drill hole RD-07-U1 intersected numerous bands of sphalerite (zinc)-galena (lead) mineralization starting at a depth of 27m and continuing to 102.4m, with the widest interval of 15.4 meters from 87m to 102.4m. The most continuous massive sulphide intersections occurred between 87m to 90.8m (3.8m interval). The second hole, RD-07-U2, was drilled from the same pad to intersect the mineralization approximately 80m to the west. Semi massive and massive sulphides were encountered over a width of 9.7 meters from 102.1 and 111.8m and over a width of 7.3 meters from 124.4m and 131.7m. The intervening gap between these mineralized intervals is an intrusive pegmatite sill.

The mineralization is identical to the other zones of zinc-lead mineralization on the Ruddock Creek Property including the E-Zone. The mineralization consists of bands of semi to massive sulphides consisting of sphalerite (zinc), galena (lead), pyrrhotite and pyrite hosted by calc-silicates. Similar sulphide mineralization is also present between the massive sulphides in the form of disseminations and thin wispy bands. Photos of the core will be posted on the Company's website.

Drill holes RD-07-U1 and U2 have intersected the main sulphide horizon approximately 80m apart in an east-west direction. The ongoing diamond drill program will continue to test this horizon in all directions. The results from these holes indicate that the mineralized horizon is trending east-west and dipping to the north. This is consistent with the attitudes encountered in the E Zone and the Creek Zones. Diamond drilling and geological mapping have to date outlined the mineralization over a strike length of at least 280m in an east-west direction.

"This new discovery represents another significant step in our evaluation of the Ruddock Creek Property. It is the first such discovery within the western half of the Ruddock Creek Sulphide Horizon and clearly is a significant indication of the growth potential of the Property," stated Gordon Keevil, President.

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