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
Significant New Discovery at the Ruddock Creek Project,
B.C.
September 13,
2007 -
Selkirk Metals Corp. (???Selkirk??? or the ???Company???) is pleased to announce
significant new intersections below the U Showings located 2.8km west of the
E-Zone outcrop and 1.5km northwest of the Creek Zone outcrop at the Ruddock
Creek Project, B.C. The showings
are located in the central portion of the 5km long Ruddock Creek Sulphide
Horizon.
Two holes have been
completed to date and both have intersected very significant thicknesses of
massive sulphide mineralization. Drill hole RD-07-U1 intersected numerous bands of sphalerite
(zinc)-galena (lead) mineralization starting at a depth of 27m and continuing to
102.4m, with the widest interval of 15.4 meters from 87m to 102.4m. The most
continuous massive sulphide intersections occurred between 87m to 90.8m (3.8m
interval). The second hole,
RD-07-U2, was drilled from the same pad to intersect the mineralization
approximately 80m to the west. Semi
massive and massive sulphides were encountered over a width of 9.7 meters from
102.1 and 111.8m and over a width of 7.3 meters from 124.4m and 131.7m. The intervening gap between these
mineralized intervals is an intrusive pegmatite sill.
The mineralization is
identical to the other zones of zinc-lead mineralization on the Ruddock Creek
Property including the E-Zone. The
mineralization consists of bands of semi to massive sulphides consisting of
sphalerite (zinc), galena (lead), pyrrhotite and pyrite hosted by
calc???silicates. Similar sulphide mineralization is also present between the
massive sulphides in the form of disseminations and thin wispy bands. Photos of the core will be posted on the
Company???s website.
Drill holes RD-07-U1 and
U2 have intersected the main sulphide horizon approximately 80m apart in an east
??? west direction. The ongoing
diamond drill program will continue to test this horizon in all directions. The results from these holes indicate
that the mineralized horizon is trending east???west and dipping to the
north. This is consistent with the
attitudes encountered in the E Zone and the Creek Zones. Diamond drilling and geological mapping
have to date outlined the mineralization over a strike length of at least 280m
in an east-west direction.
???This new discovery
represents another significant step in our evaluation of the Ruddock Creek
Property. It is the first such
discovery within the western half of the Ruddock Creek Sulphide Horizon and
clearly is a significant indication of the growth potential of the Property,???
stated Gordon Keevil, President.
Sampling of the drill
core is being carried out on an ongoing basis and the results from the 2007
drilling program will be released as they are received and compiled by the
Company. 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. As
a result of the completion of the acquisition of Doublestar Resources Ltd.,
Selkirk now has an undivided 100% interest in the Ruddock Creek Property. 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 |
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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 and Doublestar 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 both Selkirk and
Doublestar at www.sedar.com for further information.
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