2011 News

November 8, 2011

The Board of Directors of Selwyn has authorized the issuance of stock options to officers and employees to purchase 5,300,000 common shares. (read more...)

November 7, 2011

The initial proposed work on the development plan is nearing completion; however, based on recent promising drilling results, and other new information, it has been determined that the scope of the proposed engineering work and feasibility study needs to be expanded and revised. A range of additional programs are being considered to further advance the Selwyn Project. (read more...)

November 1, 2011

Selwyn announced today that it has now completed exploration drilling in the southwest of the proposed Main Pit expansion with a total of 4,940 metres in 44 drill holes. The drilling was undertaken to better define the mineral resources in that area and to upgrade the mineral resource re-estimate. Expansion of the mineral resource model will allow for further optimization of the Main Pit and possible extension of the current proposed Main Pit mine plan. (read more...)

October 17, 2011

Selwyn announced that the agreement with First Securities AS of Oslo, Norway, under which First Securities was to act as Selwyn’s agent in respect of a proposed minimum US$30,000,000 offering of senior secured bonds, has been terminated. The Offering, which was to raise funds for the purpose of restarting the ScoZinc Mine, a past producing zinc-lead mine located in Nova Scotia, has not been completed according to the Agreement. Selwyn continues to pursue other financing alternatives for the restart of the ScoZinc Mine. (read more...)

October 11, 2011

Selwyn is pleased to announce that Nova Scotia Environment has approved the proposed ScoZinc southwest expansion of the previously mined Main Pit. On October 7th, 2011 Minister of Environment for Nova Scotia approved the project. The Minister is satisfied that any adverse effects or significant environmental effects of the proposed project can be adequately mitigated through compliance with the proposed mitigation measures and prescribed terms and conditions. (read more...)

September 29, 2011

Selwyn is pleased to announce additional drill results from the XY West deposit at Selwyn Project, Yukon. These results, together with those announced September 6, 2011 news release, complete the assay results from the expansion area of the XY West deposit.
Highlights:
XYC-278 intersected 21.76 metres true thickness grading 8.90% zinc and 4.35% lead, including 2.47 metres grading 22.33% zinc and 12.40% lead;

XYC-279 intersected 12.67 metres true thickness grading 10.27% zinc and 3.15% lead, including 2.47 metres grading 21.85% zinc and 6.81% lead; and

New drill holes in XY West deposit extend the strike length of high grade mineralization in the XY area to more than 2500 metres. (read more...)

September 19, 2011

Selwyn is pleased to provide additional information on the discovery of zinc-lead mineralization northwest of XY West deposit, as described in the August 15, 2011 news release, within an adjacent fault panel. These new drill results support the significant mineral potential of the Selwyn Project now that high-grade zinc-lead mineralization has been traced over 2,900 metres in the XY Central-XY West deposits area. (read more...)

September 12, 2011

Selwyn is pleased to announce a new, upgraded mineral resource estimate for the Selwyn Project in the Yukon that has been completed to National Instrument (“NI”) 43-101 standards. The 2010 and 2011 definition drilling within the XY Central and Don deposits achieved its goal of converting Inferred mineral resources to the Indicated category. (read more...)

September 6, 2011

Selwyn is pleased to announce the first drill results from the recent drilling of the XY West deposit at the Selwyn Project, Yukon. The drill results are part of the exploration and definition drilling program of the XY West deposit. (read more...)

August 30, 2011

Selwyn is pleased to announce results of the ScoZinc Preliminary Economic Assessment (“PEA”) Report for the restart of the ScoZinc zinc-lead project in Nova Scotia, Canada. The PEA indicates excellent potential for a seven-plus years mine life with pre-stripping beginning in the fourth quarter of 2011 and full operation in the second quarter (Q2) of 2012. (read more...)

August 22, 2011

Selwyn today announced that it has entered into an agreement with First Securities AS of Oslo, Norway (the “Agent”), with the intention to raise a minimum of US$30,000,000 (the “Offering”) from the sale of senior secured bonds (the “Bonds”). The expected use of proceeds will be for the purposes of restarting the ScoZinc Mine, a past producing zinc-lead mine located in Nova Scotia, which Selwyn recently acquired (see news release of June 1, 2011). The actual terms of the Bonds will not be determined until completion of the Offering and will be announced at that time. In May 2011 Selwyn closed a $12.8 million in equity financing related to the acquisition of the ScoZinc Mine. (read more...)

August 22, 2011

Selwyn Resources Ltd.: As disclosed in Selwyn’s final short form prospectus dated July 8, 2011, Selwyn entered into an arrangement with Suntura Capital of Zurich, Switzerland (“Suntura”) to sell up to 24 million common shares of Selwyn outside of Canada and the United States on a best efforts basis. Such shares were to be sold at the greater of (i) the five day volume weighted average trading price for the Selwyn common shares on the TSX Venture Exchange before the second trading day before Selwyn received the receipt for its final short form prospectus, and (ii) $0.25 per share. Due to market conditions, Selwyn and Suntura have terminated their arrangement, and none of the 24 million common shares were sold. (read more...)

August 16, 2011

Selwyn is pleased to announce that it has expanded its management team with the addition of Rick MacInnis as General Manager and Lin Kramer, Mine Operations Manager, at the ScoZinc mine in Nova Scotia. (read more...)

August 15, 2011

Selwyn is pleased to announce the final drill results from the Don deposit area at Selwyn Project, Yukon. The exploration drill results expand upon the recently-released definition drilling results of the mineral resources comprising the Don deposit. The exploration drilling targeted an area between the Don and Don East deposits and was conducted by Selwyn Chihong Mining Ltd. (“SCML”), the joint venture company equally owned by Selwyn and Chihong Mining Canada Ltd. Chihong Mining Canada Ltd. is a wholly owned subsidiary of Yunnan Chihong Zinc and Germanium Co., Ltd. (read more...)

August 11, 2011

Selwyn is pleased to inform investors that it has commenced exploration activities at the ScoZinc mine (formerly the Scotia mine) to provide infill definition drilling and to conduct near-mine exploration in support of the mine restart activities. Restart activities were initiated shortly after closing of the acquisition of ScoZinc Limited (see June 1, 2011 news release). ScoZinc Limited has entered into a drilling contract with Logan Drilling Group of Stewiacke, Nova Scotia. Two drill rigs are being mobilized to the ScoZinc mine for the commencement of diamond drilling. (read more...)

July 19, 2011

Selwyn is pleased to announce additional drill results from the drilling of the 62 lens of the Don deposit at Selwyn Project, Yukon Territory.
Highlights: 62-lenses of the Don Deposit

DON-163 intersected 6.83 metres true thickness grading 6.71% zinc and 3.71% lead, including 2.45 metres grading 10.08% zinc and 2.72% lead;

DON-167 intersected 8.15 metres true thickness grading 7.41% zinc and 3.24% lead including 0.93 metres grading 21.54% zinc and 13.62% lead; and

DON-174 intersected 10.28 metres true thickness grading 6.30% zinc and 3.08% lead including 1.55 metres grading 10.95% zinc and 9.76% lead. (read more...)

July 11, 2011

Selwyn announced today that on July 8, 2011 it received a receipt (the “Final Receipt”) for a prospectus (the “Prospectus”) which provides for the issuance of 50,338,000 common shares and 25,169,000 share purchase warrants (each a “Warrant”) on exercise of 50,338,000 special warrants. The distribution of these securities will occur on or before July 13, 2011. (read more...)

July 11, 2011

Selwyn Resources Ltd. has provided additional drill results from the drilling of the 61 and 63 lenses of the Don deposit at Selwyn project, Yukon Territory.
Highlights: 61 and 63 lenses of the Don deposit
DON-209 intersected 14.73 metres true thickness grading 7.63 per cent zinc and 3.26 per cent lead, including 2.16 metres grading 19.20 per cent zinc and 12.03 per cent lead;
DON-210 intersected 21.93 metres true thickness grading 8.90 per cent zinc and 3.45 per cent lead, including 2.69 metres grading 18.16 per cent zinc and 8.65 per cent lead. (read more...)

July 7, 2011

Selwyn is pleased to announce that one of its major shareholders, Pan-Pacific Metal Mining Corporation (“Pan-Pacific”), a wholly-owned subsidiary of Korea Zinc Company, exercised its warrants and acquired 15,000,000 common shares of Selwyn. The warrants were exercised in two equal tranches on June 03, and July 06, 2011 for proceeds of $2,250,000 to Selwyn. (read more...)

July 6, 2011

Selwyn is pleased to announce that the Supreme Court of Yukon has issued a decision to dismiss an application by the Liard First Nation to quash, suspend or stay the Yukon Government Decision Document which was the final step in the environmental assessment of the Selwyn Project’s underground advanced exploration program pursuant to the Yukon Environmental and Socio-economic Assessment Act (read more...)

July 5, 2011

Selwyn is pleased to announce additional drill results from the drilling of the 61-lens of the Don deposit at Selwyn Project, Yukon.
Highlights: 61-lens of the Don Deposit
DON-155 intersected 22.99 metres true thickness grading 8.56% zinc and 3.42% lead, including 5.63 metres grading 24.17% zinc and 4.00% lead; and
DON-201 intersected 18.99 metres true thickness grading 9.13% zinc and 3.47% lead, including 3.65 metres grading 20.41% zinc and 8.35% lead. (read more...)

June 8, 2011

Selwyn today announced that it has closed the third tranche of its Special Warrant offering through Paradigm Capital Inc. as lead agent on behalf of a syndicate including Canaccord Genuity Corp., raising an additional CAD$990,000 from the sale of 3,960,000 Special Warrants. With the closing of the third tranche Selwyn raised a total of CAD$12,784,500, and had earlier completed the acquisition of ScoZinc Limited. (read more...)

June 7, 2011

Selwyn is pleased to announce additional drill results from the drilling of the 63-lens of the Don deposit at Selwyn Project, Yukon Territory. The drill results are part of the definition drilling program in the Don deposit that is being conducted by Selwyn Chihong Mining Ltd., the joint venture company equally owned by Selwyn and Chihong Mining Canada Ltd., a wholly owned subsidiary of Yunnan Chihong Zinc and Germanium Co. Ltd. (read more...)

June 2, 2011

Selwyn announces that Transaminvest ("Transamine") participated in Selwyn’s recent special warrant equity financing of CAD$11,794,500.00 (see May 27 and 31, 2011 News Releases) investing CAD$7,000,000.00. Transamine has acquired 28,000,000 units in the recent special warrant financing, convertible into 28,000,000 common shares of Selwyn. (read more...)

June 1, 2011

Selwyn announced today the acquisition of all of the assets of ScoZinc Limited, (“ScoZinc”), including the Scotia Mine in Nova Scotia, through the purchase of all of the shares of ScoZinc. As previously announced, the purchase price for ScoZinc was CAD$10 million, including certain payments made to the Province of Nova Scotia related to increased bonding requirements for an amended reclamation and closure plan for the Scotia Mine and production royalties. (read more...)

May 31, 2011

Selwyn today announced that it has closed the second tranche of its Special Warrant offering through Paradigm Capital Inc. as lead agent on behalf of a syndicate including Canaccord Genuity Corp., raising CAD$4,682,000.00 from the sale of 18,728,000 Special Warrants. It is expected that a third tranche of the Offering will be completed by June 3, 2011. (read more...)

May 27, 2011

Selwyn today announced that it has closed the first tranche of its Special Warrant offering through Paradigm Capital Inc. as lead agent on behalf of a syndicate including Canaccord Genuity Corp., raising CAD$7,112,500.00 from the sale of 28,450,000 Special Warrants. (read more...)

May 16, 2011

Selwyn today announced that its brokered best efforts private placement financing through Paradigm Capital Inc. as lead agent on behalf of a syndicate including Canaccord Genuity Corp. (collectively, the “Agents”) to raise gross proceeds of up to $15 million (the “Offering”) has been amended to provide for the sale of up to 60,000,000 Special Warrants at a price of $0.25 each (the “Issue Price”). Selwyn has granted to the Agents an option to sell up to an additional 15% of the Special Warrants at the Issue Price for additional gross proceeds of $2.25 million. The gross proceeds from the Offering will be delivered to Selwyn upon closing of the Offering, which is expected to be on or about May 26, 2011. (read more...)

May 9, 2011

Selwyn advises that it has completed its technical due diligence activities for the ScoZinc Limited assets. Selwyn and Acadian Mining Corporation (“Acadian”) have mutually agreed to extend the deadline to complete the transaction to May 31, 2011. The transaction provides Selwyn the right to acquire the zinc and lead assets of Acadian for a cash consideration of CAD$10 million. (read more...)

April 25, 2011

Selwyn Resources Ltd. is pleased to announce that Selwyn Chihong Mining Ltd. (“Selwyn Chihong”) has received a type B Water License for the Selwyn Project. The license was issued by the Yukon Water Board and allows for the use and discharge of water related to the advanced exploration program proposed for the XY Central deposit. Selwyn Chihong is the joint venture company formed by Selwyn and Chihong Canada Mining Ltd. (read more...)

April 19, 2011

Selwyn Resources Ltd. (“Selwyn”) is pleased to announce the further expansion of its management team with the addition of Lyndsie Gangnon as Director of Human Resources.
Dr. Harlan Meade, Selwyn’s President and CEO, said of the development: “The addition of Ms. Gangnon is another important step in growing Selwyn’s management team. The addition advances Selwyn towards the transition to production status with the proposed acquisition and restart of the ScoZinc mine in Nova Scotia.”. (read more...)

April 6, 2011

Selwyn is pleased to announce a NI 43-101 compliant mineral resource estimate for the Scotia mine (formerly known as the Gays River mine) in Nova Scotia that includes both the Main and Northeast zones. The Scotia mine is part of the mineral assets included under the purchase agreement reached with Acadian Mining Corporation (“Acadian”). Selwyn is acquiring all of the issued and outstanding shares of ScoZinc Limited (“ScoZinc”), a wholly owned subsidiary of Acadian, and thereby will also acquire all of the mineral and other assets associated with the Scotia mine (see February 8, 2011 news release). (read more...)

April 5, 2011

Selwyn is pleased to announce additional drill results from the drilling of the 61-lens of the Don deposit at Selwyn Project, Yukon Territory. The drill results are part of the definition drilling program being conducted by Selwyn Chihong Mining Ltd., the joint venture company formed by Selwyn and Chihong Mining Canada Ltd. (read more...)

April 4, 2011

Selwyn 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). (read more...)

March 31, 2011

Selwyn today announced that it has entered into an agreement with Paradigm Capital Inc. to act as lead agent on behalf of a syndicate including Canaccord Genuity Corp. (collectively, the “Agents”) to undertake a best efforts private placement financing of up to 50,000,000 subscription receipts (the “Subscription Receipts”) at a price of $0.30 to raise gross proceeds of up to $15 million (the “Offering”). Selwyn has granted to the Agents an option to sell up to an additional 15% of the Subscription Receipts for additional gross proceeds of $2.5 million (the “Agents’ Option”). (read more...)

March 31, 2011

Selwyn is pleased to announce the initial drill results from the drilling of the 61-lens of the Don deposit at Selwyn Project, Yukon Territory. The drill results are part of the definition drilling program in the Don deposit that is being conducted by Selwyn Chihong Mining Ltd., the joint venture company equally owned by Selwyn and Chihong Mining Canada Ltd. (read more...)

March 30, 2011

Selwyn is pleased to announce a NI 43-101 compliant mineral resource estimate for the Getty deposit in Nova Scotia. The Getty deposit is part of the mineral assets included under the purchase agreement reached with Acadian Mining Corporation (“Acadian”) to acquire, either directly or indirectly, all of the issued and outstanding shares of ScoZinc Limited (“ScoZinc”), a wholly owned subsidiary of Acadian, and thereby acquire all of the mineral and other assets associated with the Scotia mine located in Nova Scotia (see February 8, 2011 news release). (read more...)

March 16, 2011

Selwyn Resources Ltd. is pleased to announce the mobilization of mining equipment and supplies integral to the Selwyn Project Joint Venture’s proposed underground advanced exploration program. The first loads are now in the XY camp. A winter road has been established along the all-season access road (see June 19, 2008 news release) from Selwyn Project to the Nahanni Range Road, intersecting at kilometer 188. The Nahanni Range Road is part of the Yukon highway system and connects to the Robert Campbell Highway. (read more...)

February 24, 2011

Selwyn is pleased to announce that it has expanded its management team with the addition of Stephen Rea as Vice President Corporate Development and Wolfgang Schleiss as Manager Exploration. (read more...)

February 22, 2011

Further to its new release of February 8, 2011, Selwyn Resources Ltd. (“Selwyn”) is pleased to announce that it has signed a binding Letter Agreement with Acadian Mining Corporation (“Acadian”) whereby Selwyn will acquire, either directly or indirectly, all of the issued and outstanding shares of ScoZinc Limited (“ScoZinc”), a wholly owned subsidiary of Acadian, and thereby acquire all of the assets associated with the Scotia Mine located in Nova Scotia. (read more...)

February 15, 2011

Selwyn Resources Ltd. (“Selwyn”) is pleased to update investors with the release of assay results from the drilling of the 98/99-lenses of the XY Central deposit at Selwyn Project, Yukon Territory that is being conducted by Selwyn Chihong Mining Ltd., the joint venture company equally owned by Selwyn and Chihong Mining Canada Ltd.
Dr. Harlan Meade, Selwyn’s President and CEO, said “This release concludes the results from the XY Central deposit. Management is pleased with the demonstrated continuity of high-grade mineralization that has been encountered in the in-fill drilling program and now awaits a re-estimation of the high-grade mineral resources for this deposit.” (read more...)

February 8, 2011

Selwyn Resources Ltd.(“Selwyn”) is pleased to announce that it has signed a Letter of Intent with Acadian Mining Corporation (“Acadian”) whereby Selwyn would acquire, either directly or indirectly, all of the issued and outstanding shares of ScoZinc Limited. (“ScoZinc”), a wholly owned subsidiary of Acadian, and thereby acquire all of the assets associated with the Scotia Mine located in Nova Scotia. Selwyn and Acadian have agreed to an exclusive period expiring on February 14, 2011 to complete a binding letter agreement for the Acquisition. (read more...)

February 8, 2011

Selwyn Resources Ltd. will host a teleconference on Tuesday February 08, 2011, to make a brief presentation and for discussion on the recently-announced intention to acquire, either directly or indirectly, all of the issued and outstanding shares of ScoZinc Limited. There will be a question and answer period following the presentation. (read more...)

February 3, 2011

Selwyn Resources Ltd. (“Selwyn”) is pleased to update investors with the release of assay results from the drilling of the 93-lens of the XY Central deposit at Selwyn Project, Yukon Territory that is being done by Selwyn Chihong Mining Ltd., the joint venture company equally owned by Selwyn and Chihong Canada Ltd. The location of the new drill holes and lenses can be found on drill plan maps available at www.selwynresources.com. Drilling continues with five drill rigs at the Don deposit and one drill rig at the XY West deposit; all of which are confirming known mineral resources. (read more...)

January 31, 2011

Selwyn Resources Ltd. (“Selwyn”) is pleased to update investors with the release of assay results from the drilling of the 98/99-lenses of the XY Central deposit at Selwyn Project, Yukon Territory that is being done by Selwyn Chihong Mining Ltd., the joint venture company equally owned by Selwyn and Chihong Canada Ltd. The location of the new drill holes and lenses can be found on drill plan maps available at www.selwynresources.com. Drilling continues with five drill rigs at the Don deposit and one drill rig at the XY West deposit; all of which are confirming known mineral resources. (read more...)

January 27, 2011

The Board of Directors of Selwyn Resources Ltd. (SWN.TSX-V) (“Selwyn”) announces today that the TSX Venture Exchange (the “Exchange”) has approved notice of Selwyn’s intention to make a normal course issuer bid (the “Bid”) in respect of its common shares (the “Shares”).

The Bid will be carried out by Selwyn Chihong Mining Ltd. (“SCM”), which is a company owned 50% by each of Selwyn and Chihong Canada Mining Ltd. (“Chihong”). SCM is the operator of the joint venture (the “Joint Venture”) between Selwyn and Chihong that was formed on August 18, 2010 to carry out exploration and development activities at the Selwyn Project located in the eastern Yukon and Northwest Territories. Chihong put up Canadian $100,000,000.00 (the “Chihong Earn-In Funds”) for the purpose of earning a 50% interest in the Joint Venture. (read more...)

January 20, 2011

The Board of Directors of Selwyn Resources Ltd. (SWN.TSX-V) (“Company”) has authorized the issuance of stock options to Mr. Joseph P. Ringwald, who became Vice President of Mining on January 1, 2010, to purchase 1,400,000 common shares, The options are vested over two years: with one-third vested on issue and the remaining thirds on each of the first and second anniversaries of the date of grant. The options have a five year term and allow the holder to purchase one common share of the Company for $0.25 per share until January 20, 2016. (read more...)

January 17, 2011

Selwyn Resources is pleased to update investors with the release of assay results from the drilling of the 98/99-lenses of the XY Central deposit at Selwyn Project, Yukon Territory that is being done by Selwyn Chihong Mining Ltd., the joint venture company equally owned by Selwyn and Chihong Canada Ltd. These new results continue to confirm the continuity of high-grade zinc-lead mineralization and will provide the necessary data to upgrade Inferred resources within the XY Central deposit deposit. (read more...)

January 4, 2011

Selwyn Resources Ltd. (“Selwyn) is pleased to announce that it has expanded its management team with the addition of Joe Ringwald as Vice President Mining. Mr. Ringwald, as Vice President Mining, is responsible for all aspects of engineering and mining for Selwyn with a near term key role in overseeing the Feasibility Study being prepared by Wardrop Engineering for the Selwyn Project. (read more...)