ZINC-LEAD RESOURCES: Gays River M&I number jumps 55%

NOVA SCOTIA – Having purchased all of ScoZinc’s mineral assets in this province earlier this year, Selwyn Resources of Vancouver has updated the resources at the Gays River zinc-lead deposit. The measured and indicated resources of the Main and Northeast zones have increased 55% thanks to Selwyn’s efforts to re-evaluate historical records and its 2011 definition drilling program.

Measured and indicated resources now stand at 7.8 million tonnes grading 3.25% Zn and 1.69% Pb or 5.28% ZnEq using a 0.75% ZnEq cut-off. The inferred resource is an additional 3.7 million tonnes grading 2.35% Zn and 1.51% Pb or 4.16% ZnEq.

The Gays River deposit lies about 50 km northeast of Halifax. Zinc-lead mineralization consists of disseminated to locally semi-massive sphalerite and galena occurring within a dolomitized carbonate reef. The Getty deposit lies only 1,500 metres to the west of the Main deposit and existing mill facilities. There are additional exploration targets within a 2.5-km radius of the mill. The Gays River mine operated from 2007 to 2011.

At the company’s website, SelwynResources.com, find more information about the ScoZinc project that includes the Gays River deposit.