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2012 News
December 21, 2012
New Mine Plan for ScoZinc Project Filed on SEDAR
Selwyn Resources Ltd. is pleased to announce the filing on SEDAR of a technical report for the recently announced update to the October 7, 2011 ScoZinc Preliminary Economic Assessment (“PEA”) Report for the restart of the ScoZinc Project, a zinc-lead project in Nova Scotia, Canada (see November 22, 2012 news release). The technical report has been completed to National Instrument (“NI”) 43-101 standards and can be downloaded at www.sedar.com. (read more...)
November 22, 2012
Selwyn's New Mine Plan for ScoZinc Project Provides a Strong Basis for Project Financing
Selwyn is pleased to announce results of an update to the October 7, 2011 ScoZinc Preliminary Economic Assessment (“PEA”) Report for the restart of the ScoZinc zinc-lead project in Nova Scotia, Canada. The PEA Update indicates excellent potential for a seven-plus years mine life. Provided that debt financing for the project can be obtained by the first quarter of 2013, pre-stripping would begin in the second quarter of 2013 and full operation in the fourth quarter of 2013. Although negotiations are in progress with potential financing parties, at this date no project finance agreement has been concluded. (read more...)
November 19, 2012
Selwyn Joint Venture Feasibility Study Update
Selwyn is pleased to announce the progress and plans for completion of a Feasibility Study for the Selwyn Project. The Feasibility Study is being advanced by Selwyn Chihong Mining Ltd. (“SCML”), the joint venture company, formed by Selwyn and Chihong Canada Mining Ltd., a wholly owned subsidiary of Yunnan Chihong Zinc & Germanium Co., Ltd., one of China’s largest zinc and lead mining and smelting companies. (read more...)
October 24, 2012
Selwyn Resources Grants Stock Options
The Board of Directors of Selwyn Resources Ltd. has authorized the issuance of stock options to new independent directors to purchase 2,800,000 common shares. (read more...)
October 12, 2012
Selwyn Resources Announces Changes to its Management
Selwyn announces the departure of Stephen Rea who has resigned as Vice President of Corporate Development to pursue other opportunities. (read more...)
October 10, 2012
Updated Gays River Deposit Mineral Resource Technical Report Filed on SEDAR
Selwyn is pleased to announce the filing on SEDAR of a National Instrument (“NI”) 43-101 technical report for the recently announced updated mineral resource estimate for the Gays River deposit in Nova Scotia based on a thorough review of historical records and 2011 drilling results (see August 24, 2012 news release). The updated mineral resource has been completed to NI 43-101 (“NI 43-101”) standards. (read more...)
September 27, 2012
Updated Selwyn Project Mineral Resource Technical Report Filed on SEDAR
Selwyn is pleased to announce the filing on SEDAR of a National Instrument (“NI”) 43-101 technical report for the recently announced updated mineral resource estimate for the Selwyn Project in the Yukon from new exploration drilling results at the Don deposit (see August 13, 2012 news release). The updated mineral resource has been completed to NI 43-101 (“NI 43-101”) standards and includes drill results from an exploration drilling program on the Don deposit that was completed in April 2012. (read more...)
September 24, 2012
Selwyn Resources Appoints Directors to its Board
Selwyn Resources Ltd. (SWN.TSX-V) (“Selwyn”) is pleased to announce that Jay A. Collins and Mark A. Lettes have been appointed to the Board of Directors of Selwyn. Harlan Meade said, “I am pleased to welcome Jay and Mark to the Selwyn Board and look forward to working with them. Their experience in the mining industry and project financing will provide valuable insight as the Company advances its core mine development projects.” (read more...)
September 10, 2012
Selwyn Resources Announces Changes to its Board
Following the suspension of the strategic review process (September 6, 2012 news release), Selwyn has restructured its Board to reflect the mandate given to Harlan Meade to raise working capital to advance the Company’s business plan. Selwyn Resources Ltd. (SWN.TSX-V) (“Selwyn”) is pleased to announce that George Stevens, Lorne Anderson, and David Kwong have been appointed to the Board of Directors of Selwyn. Harlan Meade, Selwyn’s President and CEO, said “I am pleased to welcome the new members to the Selwyn Board and look forward to working with them. Additional directors are expected to be added to the Board over the coming weeks as Selwyn completes the restructuring of the Board to better meet the needs of the Company as it seeks to advance its core mine development projects.” (read more...)
September 6, 2012
Selwyn Suspends Strategic Review Process
Selwyn announced that its previously disclosed strategic review process has been suspended.
“In light of our limited financial resources and the commitments necessary to bring the Selwyn Project to completion, we announced a strategic process on April 17, 2012,” said Wade Nesmith, Chairman of Selwyn’s Board of Directors. “Since that time, the Company has been working closely with our advisers to find a solution, including a sale of either the Company or its interest in the Selwyn Project. We have been conducting this process in some of the worst economic times in recent memory, and the process has so far failed to identify a transaction acceptable to the Board.” (read more...)
August 24, 2012
Selwyn Announces Update for ScoZinc’s Gays River Deposit Mineral Resources
Selwyn is pleased to announce an update to the mineral resources of the Gays River deposit completed to NI 43-101 standards. The Gays River deposit includes both the Main and Northeast zones of the ScoZinc mine. Selwyn acquired 100% of ScoZinc Limited’s mineral assets in Nova Scotia under the purchase agreement reached with Acadian Mining Corporation (see February 8, 2011 news release). (read more...)
August 22, 2012
Selwyn Updates Revised Mine Development Plan for the Selwyn Project
Selwyn is pleased to announce an updated development plan for the Selwyn Project in the Yukon. The revised development plan is the result of internal engineering investigations by SCML during the last three months, using the mineral resource previously reported according to National Instrument 43-101 (“NI 43-101”) standards (see August 13, 2012 release) with independent review of mining, milling, environmental and infrastructure disciplines as required. (read more...)
August 13, 2012
Selwyn Announces Updated Mineral Resource For Selwyn Project
Selwyn is pleased to announce an updated mineral resource estimate for the Selwyn Project in Yukon from new exploration drilling results at the Don deposit. (read more...)
July 19, 2012
Selwyn Announces Selwyn Chihong Agreement with Kaska Communities
Selwyn announces that Selwyn Chihong Mining Ltd. (“Selwyn Chihong” or “SCML”), the joint venture company formed by Selwyn and Chihong Canada Mining Ltd. to advance the Selwyn Project, has entered into an Interim Measures Agreement (IMA) with Ross River Dena Council and Liard First Nation on behalf of all Kaska communities including Daylu Dena Council, Kwadacha, and Dease River First Nation. (read more...)
May 28, 2012
Selwyn Joint Venture To Evaluate A Smaller Tonnage High-Grade Mine Plan
Selwyn provides investors an update regarding on going evaluation of the development plan and project feasibility in progress for the Selwyn Project. The Selwyn Project is being advanced by Selwyn Chihong Mining Ltd. (“SCML”), the joint venture company formed by Selwyn and Chihong Canada Mining Ltd. (“Chihong”) in August 2010 to advance the Selwyn Project to feasibility study to National Instrument 43-101 standards, and if warranted, to production. (read more...)
May 23, 2012
Selwyn Receives Approval for ScoZinc Mine Expansion
Selwyn is pleased to announce that on May 18, 2012 Nova Scotia Department of Environment (NSE) has issued an amended Industrial Approval allowing expansion of the existing mine to include the Southwest Expansion of the previously mined Main Pit. (read more...)
May 15, 2012
Selwyn Announces Updated Mineral Resource For XY West Deposit
Selwyn is pleased to announce an updated mineral resource estimate for the XY West deposit, Selwyn Project in Yukon, and the global mineral inventory. The updated mineral resource has been completed to National Instrument (“NI”) 43-101 standards, and includes drill results from the 2010 and 2011 definition drilling and exploration work programs; noting that XY West deposit was a key component due to its close proximity to the adjacent XY Central deposit. (read more...)
May 14, 2012
Selwyn Announces Special and Annual General Meeting Results
Selwyn is pleased to announce that Messrs. Wade Nesmith, Bradley Marchant, Harlan Meade, Robert Rusko and Russell Cranswick were appointed as Directors of the Company at its Annual General Meeting of May 11, 2012. (read more...)
May 11, 2012
Selwyn’s Assays Confirm High-Grade Mineralization at Don Connector Target
Selwyn is pleased to announce additional drill results from the drilling of the Don Connector target of the Don deposit at Selwyn Project, Yukon Territory discussed in the April 16, 2012 news release. The drill results are part of an exploration drilling program pursuing an extension of the deposit towards the adjacent Don East deposit to the southeast. (read more...)
May 3, 2012
Selwyn Announces Management Reorganization
Selwyn Resources Ltd. today announced that the Company has made changes in corporate management responsibilities to maximize the Company’s progress towards its strategic goals. (read more...)
April 30, 2012
Selwyn Chihong Receives Howard’s Pass Mine Access Road Licence
Selwyn announces that Selwyn Chihong Mining Ltd. (Selwyn Chihong), the joint venture company formed by Selwyn and Chihong Canada Mining Ltd. to advance the Selwyn Project to production, has been granted long-term tenure for the portion of the Howard’s Pass Access Road that is under the jurisdiction of Aboriginal Affairs and Northern Development Canada (AANDC). (read more...)
April 18, 2012
Selwyn Chihong Agreement with Naha Dehé Dene
Selwyn announces that Selwyn Chihong Mining Ltd. (“Selwyn Chihong”), the joint venture company formed by Selwyn and Chihong Canada Mining Ltd. to advance the Selwyn Project, have entered into a resource funding agreement with Naha Dehé Dene Band (Nahanni Butte) to undertake negotiations of a community agreement in respect of Selwyn Project activities within its traditional territory in the Northwest Territories. (read more...)
April 17, 2012
Selwyn Progress Update
Selwyn is pleased to update investors on the progress of the feasibility study for the Selwyn Project, the financing of the restart of the ScoZinc Mine and other corporate developments. The successful financing of Selwyn’s two key projects is important to the Company’s growth and realization of shareholder value. (read more...)
April 16, 2012
Selwyn Announces Closing of Debt Facility
Selwyn closed its $10 million principal amount (“Principal Amount”) non-revolving secured debt facility (the “Debt Facility”) for Selwyn’s wholly owned subsidiary, ScoZinc Limited (“ScoZinc”) with Waterton Global Value, L.P. (the “Lender”). The proceeds under the Debt Facility will be used by ScoZinc and Selwyn for general corporate purposes, including activities at the ScoZinc Mine in Nova Scotia. (read more...)
April 16, 2012
Drilling in Don Connector Confirms Thick Zinc-Lead Mineralized Intercepts
Selwyn is pleased to update investors on the completion of geological core logging of the fourteen exploration drill holes in the Don Connector target between the Don and Don East deposits at Selwyn Project, Yukon Territory. All fourteen drill holes were focused on this high priority exploration target in order to confirm the direct linkage between two adjacent deposits, thereby providing opportunities for future engineering studies while Selwyn advances the feasibility study. (read more...)
April 10, 2012
Selwyn Announces $10 Million Debt Facility
Selwyn has reached agreement with Waterton Global Value, L.P. (the “Lender”) for a $10 million principal amount (“Principal Amount”) non-revolving secured debt facility (the “Debt Facility”) for Selwyn’s wholly owned subsidiary, ScoZinc Limited (“ScoZinc”). The proceeds to be drawn down under the Debt Facility will be used by ScoZinc and Selwyn for general corporate purposes, including activities at the ScoZinc Mine in Nova Scotia. Dr. Harlan Meade, President and Chief Executive Officer of Selwyn, states: “This standby debt facility provides Selwyn with more flexibility in meeting its general and project financial needs.” (read more...)
March 28, 2012
Selwyn Metallurgical Drilling Further Defines Thick High-Grade Mineralization in XY Central Deposit
Selwyn is pleased to update investors regarding assay results from the drilling of nine metallurgical holes in the XY Central deposit at Selwyn Project, Yukon Territory. All nine drill holes were focused on the XY Central deposit in order to provide sample media for ongoing test work in support of the feasibility study. (read more...)
March 26, 2012
SELWYN RETAINS CUTFIELD FREEMAN
Selwyn today announced that it has retained Cutfield Freeman & Co. Ltd (“CF&Co”), a global specialist mining corporate finance firm, to act as its financial advisor as it prepares to move to the next phase of the development of the Selwyn Project, the Company’s flagship asset held in a joint venture between Selwyn and Chihong Canada Mining Ltd. (“Chihong"). Chihong is a wholly owned subsidiary of Yunnan Chihong Zinc & Germanium Co. Ltd. of China. (read more...)
March 12, 2012
Selwyn Expands Airborne Geophysical Survey for Nova Scotia Properties
Selwyn is pleased to inform investors that it is expanding the helicopter-borne, Versatile, Time Domain, Electromagnetic (“VTEM”) geophysical survey that it announced February 2, 2012. The 1,551 km survey is covering ScoZinc’s extensive mineral claim holdings in the Smithfield, Walton and Stirling areas. (read more...)
February 21, 2012
Selwyn Resources Announces Closing of Flow-Through Share Financing
Selwyn has completed the issuance of 2,700,000 flow-through common shares (“Flow-Through Shares”) to one subscriber at a price of $0.19 per Flow-Through Share for total proceeds of $513,000 (the “Offering”). (read more...)
February 16, 2012
Selwyn Acquires Surface Rights for Expansion at ScoZinc Mine
Selwyn has completed a purchase of 273.43 acres of surface rights located to the west of the current Main Pit. These lands cover the proposed southwest expansion area of the Main Pit for inclusion of the updated mineral resources announced April 6, 2011. (read more...)
February 9, 2012
Drilling at ScoZinc Mine Confirms Mineralization in Southwest Extension, Gays River Deposit
Selwyn is pleased to announce drill results from the drilling of the Southwest Extension of the Main zone at the Gays River deposit, Nova Scotia, where Selwyn is currently working towards the restart of the ScoZinc Project (formerly the Scotia mine). (read more...)
February 8, 2012
Selwyn Resources Announces Flow-Through Share Financing
Selwyn Resources Ltd. has entered into an agreement to sell $513,000 of flow-through common shares (“Flow-Through Shares”) to one subscriber at a price of $0.19 per Flow-Through Share (read more...)
February 2, 2012
Selwyn Commissions Airborne Geophysical Survey for Nova Scotia Properties
Selwyn is pleased to announce the commissioning of a helicopter-borne, Versatile, Time Domain, Electromagnetic (“VTEM”) geophysical survey to evaluate its large mineral claim holdings in Nova Scotia. This survey will cover key areas known to contain historic mine production of both zinc and lead, as well as gold, silver, copper and barite. (read more...)
January 12, 2012
Selwyn Announces $4 Million Flow-Through Share Financing
Selwyn is pleased to announce it has entered into an engagement letter to raise through a best efforts brokered private placement to qualified purchasers, up to $4 million from the sale of flow-through common shares (“Flow-Through Shares”) (“the Offering”). The Offering will be carried out by a syndicate of agents (“Agents”) lead by Industrial Alliance Securities Inc. The Agents will receive a cash commission equal to 6% of the gross proceeds from the sale of the Flow-Through Shares. The Offering is scheduled to close on or about January 31, 2012 and is subject to acceptance by the TSX Venture Exchange. (read more...)
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