NEWS RELEASE
SELKIRK METALS CORP.
1255 West Pender Street, Vancouver, B.C. V6E 2V1
Tel.: (604) 687-2038 / Fax.:
(604) 687-3141
TSX Venture Exchange:
SLK
14.76% Zinc, 2.63% Lead over 7.5 metres Extends the U
Zone along Strike
Ruddock Creek Property, B.C.
November 21, 2007 - Selkirk Metals Corp. (���Selkirk��� or the ���Company���) is pleased to announce the results of
additional channel sampling conducted west of the U Zone. The U
Zone is located 2,100
metres west of the deepest drilling of the E-Zone,
approximately halfway along the 5.5km long Ruddock Creek Sulphide Horizon. This Horizon is a near continuous zone of zinc-lead
bearing massive to semi massive sulphide mineralization and is illustrated on
the Overview Figure on the Company���s
website, www.selkirkmetals.com.
This newly discovered section of the Ruddock Creek
Sulphide horizon was found during the detailed surface geological mapping that
accompanied the drilling carried out this past summer at the U Zone. The discovery is 500 metres west of the U
Zone diamond drilling. The true
thickness weighted average of the sampling is:
14.76% zinc and 2.63% lead over 7.5 metres.
The significant results received to date from the
drill holes completed this season in the U Zone are tabulated below:
HOLE
NUMBER
|
FROM
(m)
|
TO
(m)
|
INTERVAL
(m)
|
ZINC
%
|
LEAD
%
|
U Zone
|
|
|
|
|
|
RD-07-U2
|
127.3
|
135
|
7.70
|
21.48
|
2.5
|
(partial results)
|
144
|
149
|
5.0
|
4.96
|
0.82
|
RD-07-U1
|
26.55
|
27
|
0.45
|
3.27
|
0.06
|
|
62.6
|
63.4
|
0.8
|
2.67
|
0.2
|
|
70.6
|
71.25
|
0.65
|
10.71
|
1.99
|
|
80.5
|
82.45
|
1.95
|
1.79
|
0.15
|
|
86.95
|
101.06
|
14.11
|
7.59
|
1.34
|
Including
|
86.95
|
90.20
|
3.25
|
23.78
|
3.85
|
The semi to massive sulphide mineralization that was
channel sampled consists of medium to coarse grained sphalerite and galena with
accessory pyrrhotite and pyrite. This
mineralization appears to be on the same stratigraphic horizon as the V Zone
mineralization which is located another 500 metres to the
west. Most of the area to the V Zone is
covered by talus but the entire 1,000 metres of the Ruddock Creek Sulphide
Horizon between the U and V Zones, including the area of channel sampling, can
be easily tested by diamond drilling during the next surface exploration
program.
���/Cont���d.
The Company is
extremely pleased with this new discovery as it illustrates that additional
discoveries can be made by simple detailed geological mapping and prospecting. Exploration
on the Ruddock Creek Property is being conducted under the supervision of the Company���s Qualified Person
(as defined by NI 43-101), Jim Chapman, P.Geo. Acme Analytical Laboratories Ltd. was engaged
to carry out the analytical work on all samples. The
analytical procedure utilized was the Group 7AR 23 multi-element assay by
ICP-AES methods. The Ruddock Creek
Property is located 100 km
north-northwest of Revelstoke in the Kamloops and
Revelstoke Mining Divisions, British Columbia.
On Behalf of the Board of
Directors of
Selkirk Metals Corp.:
(signed) ���Gordon Keevil���
Gordon
Keevil, President
|
|
|
|
For further information on
Selkirk Metals Corp. please visit its website at www.selkirkmetals.com.
This
release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995. All statements in this
release, other than statements of historical facts, that address future
production, reserve potential, exploration and development activities and
events or developments that management of Selkirk expects, are forward���looking statements. Although management believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from
those in the forward-looking statements. Factors that could cause actual
results to differ materially from those in forward-looking statements include
market prices, exploration and development successes, continued availability of
capital and financing, and general economic, market or business
conditions. Please see the public filings of Selkirk at www.sedar.com for
further INFORMATION.