Defining the World's New Zinc Supply
Selwyn Resources Ltd. is a publicly traded, Canadian base metals exploration and development company. The company's core project is the World class Selwyn Project, located in eastern Yukon. The Selwyn Project has reactivated the Howard's Pass zinc-lead district, and since 2005 the company has invested over $120M to define Selwyn deposit as one of the largest undeveloped zinc-lead deposit in the world.
Selwyn has completed in August 2010 a 50:50 Joint Venture Agreement with Yunnan Chihong Zinc and Germanium Co. Ltd. Chihong, a fully integrated zinc-lead mining and smelting company based in Yunnan Province in southern China, to invest $100 Million to advance Selwyn Project to bankable feasibility and complete permitting. Selwyn and Yunnan Chihong have formed Selwyn Chihong Mining Ltd. to advance the project and have launched an approximate $85M exploration and development programs of definition drilling, engineering, permitting and complete bankable feasibility study.
Selwyn Project Highlights
The partial delineation of 13 zones of mineralization over a strike length of at least 38 kilometres defines a major mineral deposit that is open to significant expansion as drilling continues.
New Mineral Resource with 180,690,000 tonnes grading 5.25% zinc and 1.83% lead of Indicated resources, and 216,040,000 tonnes grading 4.47% zinc and 1.38% lead of Inferred resources.
High Grade Mineral Resources includes 16,063,800 tonnes Indicated resource grading 10.25% zinc and 4.23% lead and 26,704,000 tonnes Inferred resource grading 8.71% zinc and 2.75% lead (see Feb. 26, 2009 news release).
In addition to the Indicated and Inferred resources there is also 245 to 255 million tonnes of mineral potential with an estimated grade of 4.0 to 5.0% zinc, and 1.0 to 2.0% lead (see Feb. 26, 2009 news release). The quantity and grade of the mineral potential is conceptual in nature and it is uncertain whether additional drilling will result in this potential being realized as a mineral resource.
The Selwyn Project is being advanced to bankable feasibility. The initial development plan proposes to develop two large underground mines feeding a central concentrator. Other elements of the project may include use of LNG and its own hydroelectric facility. Several stages of expansion are anticipated as the project evolves and additional zones are developed as either open pit or underground mines.