Selwyn Resources Ltd.
TSX VENTURE : SWN

Selwyn Resources Ltd.

April 04, 2011 08:39 ET

Selwyn Successfully Completes Winter Mobilization of Mining Equipment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 4, 2011) - Selwyn Resources Ltd. ("Selwyn") (TSX VENTURE:SWN) is pleased to announce that Selwyn Chihong Mining Ltd. and its contractors completed the successful mobilization of mining equipment and supplies at Selwyn Project (see March 16, 2011 news release).

The mining equipment and supplies were purchased by Selwyn Chihong to undertake an advanced exploration program on the XY Central deposit. The proposed underground development work is expected to commence mid-summer 2011, upon completion of the underground portal and environmental support facilities.

In total, 82 B-train truck loads were hauled into the XY camp along the all-season access road (see June 19, 2008 news release) from the Nahanni Range Road to the Selwyn Project. The Nahanni Range Road is part of the Yukon highway system and connects to the Robert Campbell Highway. The ice bridges along the access road that had been used to cross creeks have now been removed, satisfying permitting and regulatory conditions.

Selwyn Chihong's winter road contractors - Mackay Range Development Corporation, a Sahtu First Nations enterprise from Tulita, Northwest Territories, and Arctic Construction Limited of Fort St. John, British Columbia - are now demobilizing. Roktek Service Inc. of Prince George, British Columbia, integral in the procurement of mining equipment and supplies, has finished the staging of equipment at XY camp.

Selwyn's primary focus is the exploration of the Selwyn Project in the Yukon, which hosts large tonnages of zinc-lead mineralization. The known deposits at Selwyn Project have the potential for large scale production, and to provide a secure supply of zinc and lead to meet the future needs of these markets in Asia. The recently-announced proposed acquisition of the assets of ScoZinc Limited provides Selwyn with a second opportunity for growth and the potential for production revenues in 2012.

This press release contains forward-looking statements concerning the advancement of the Selwyn Project and of the acquisition of the assets of ScoZinc. These forward-looking statements are based on assumptions and judgments of management regarding future events or results that may prove inaccurate as a result of market conditions, engineering assumptions, and other risk factors beyond Selwyn's control. As a result, there is no assurance that Selwyn Project will be advanced to production, that timelines for development will be achieved, or that the acquisition of the assets of ScoZinc will be completed.

Neither 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

  • Selwyn Resources Ltd.
    Dr. Harlan Meade
    President and CEO
    +1 (604) 801-7240 or Toll Free: +1 (888) 989-9188
    +1 (604) 689-8355 (FAX)
    or
    Selwyn Resources Ltd.
    Catalin Chiloflischi
    Manager of Investor Communications
    +1 (604) 801-7240 or Toll Free: +1 (888) 989-9188
    +1 (604) 689-8355 (FAX)
    info@selwynresources.com
    www.selwynresources.com