News Release
New High-Grade Mineralization Extends XY West to the Northwest
Vancouver, BC, September 19, 2011 � Selwyn Resources Ltd. (�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. This drilling 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. The location of the new drill holes and lenses can be found on drill plan maps available at www.selwynresources.com.
Dr. Harlan Meade, President and CEO, states that, �The continuing expansion of the high-grade trend from XY Central deposit past the recently expanded XY West deposit shows the expansion opportunity available to Selwyn. The high-grade nature of the zinc-lead mineralization in this new structural panel provides yet another attractive early development opportunity, but more drilling is needed. Its proximity to both the XY Central and XY West deposits will allow for easy access for development.�
Highlights
- XYC-280 intersected 24.80 metres grading 6.46% zinc and 2.02% lead, including 2.30 metres grading 26.85% zinc and 9.15% lead; and
- XYC-283 intersected 12.40 metres grading 6.06% zinc and 1.97% lead, including 4.80 metres grading 14.59% zinc and 6.36% lead
Discovery Details
In 2009, XYC-183 was drilled to confirm the presence of favourable strata identified in a historic drill hole completed in the 1970s. Although a fault had removed the host strata for zinc-lead mineralization in XYC-183, the favourable hanging wall and footwall rocks were present, thereby lending credibility to the concept that the structural panel between the XY West and Brodel deposits could host high-grade zinc-lead mineralization.
For full details please read the complete text of the news release available at:
www.selwynresources.com/en/download_news_release.cfm
This press release contains forward-looking statements concerning mineralization at and the development of the Selwyn Project and of the future prospects for the ScoZinc Mine. These forward-looking statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond Selwyn�s control, including the results of exploration activities, economic evaluations and engineering studies, the availability of funds in the financial markets on terms acceptable to Selwyn and the public�s view of the economic value of the Selwyn Project and the ScoZinc Mine. Additionally, more drilling is required to confirm the potential of the new discovery areas, expansions of the current resource areas,. and the extension of the higher grade deep mineralization to depth at the Selwyn Project. There is no assurance that such additional drilling will expand mineral resources or that the resources being defined can be developed as an economically attractive mine. Uncertainties associated with permitting and other factors could delay development of the Selwyn Project and of the ScoZinc Mine. Although Selwyn has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause results not to be as anticipated or intended. There is no assurance that such information will prove to be accurate, as future events could differ materially from those anticipated in such information and accordingly, there is no assurance that the Selwyn Project or the ScoZinc Mine will be developed into profitable mines. Readers should not place undue reliance on forward-looking statements.
For more information contact: Dr. Harlan Meade, President and CEO Catalin Chiloflischi, Manager of Investor Communications Telephone: +1 (604) 801-7240 Toll-free: +1 (888) 989-9188 Facsimile: +1 (604) 689-8355 Email: info@selwynresources.com Website: www.selwynresources.com
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