Mining Explorers 2012: Selwyn Resources Ltd.
CEO: Harlan D. Meade, Ph.D.
President: Stephen Rea, MBA
Vice President, Exploration: Jason Dunning
Selwyn Resources Ltd. focused in 2012 on exploration and development of the Selwyn Project in eastern Yukon Territory, which it owns 50-50 with China-based Chihong Canada Mining Ltd. The Selwyn project hosts large tonnages of zinc-lead mineralization that extends across the border into Northwest Territories. The project has the potential for large-scale production. Known zinc and lead mineralization hosted within favorable strata has been traced by drilling over a continuous strike length of 37.5 kilometers on the property and exceeds 154.35 million metric tons grading 5.35 percent zinc and 1.86 percent lead of indicated resources, and 234.15 million metric tons grading 4.54 percent zinc and 1.41 percent lead of inferred resources. At Selwyn, 14 deposits and zones have been defined, including high-grade underground mineralization which could be initially targeted in development that exceeds 16 million metric tons grading 10.25 percent zinc and 4.23 percent lead in indicated resources, and 26.7 million metric tons grading 8.81 percent zinc and 2.81 percent inferred resources. In the second-quarter of 2012, the company spent C$9.6 million on exploration, engineering and permitting at the Selwyn Project, including more than C$1.6 million on drilling. An updated NI 43-101 resource estimate for the project’s Don deposit reported Aug. 13 included results from a 14-hole, 10,638.5-meter drill program completed in April, which increased Selwyn’s indicated mineral resources by 2.60 percent at a base case 2.0 percent zinc cut-off grade and inferred resources by 4.84 percent at the same cut-off grade.
Cash and short-term deposits: C$7.63 million (at Aug. 28, 2012)
Working capital: C$7.25 million (at Aug. 28, 2012)
Market capitalization: C$37.29 million (Sept. 4, 2012)
#700 - 509 Richards Street
Vancouver, BC Canada V6B 2Z6
Tel: 604-801-7240 • Fax: 604-689-8355