YUKON - Indicated resources are increasing at the Selwyn zinc-lead project that straddles the Yukon-Northwest Territories border. The project is operated by Selwyn Chihong Mining, a joint venture of Selwyn Resources of Vancouver and Chihong Mining Canada,
The global indicated resource increased totals180.7 million tonnes grading 5.26% Zn and 1.83% Pb, for a total contained metal resource of 20.9 billion lb of zinc and 7.3 billion lb of zinc. The inferred resource, at 216.0 million tonnes grading 4.47% Zn and 1.38% Pb, contains another 21.3 billion lb of zinc and 6.6 billion lb of lead. The 43-101 report includes both the XY Central (six lenses) and the Don (three lenses) deposits.
Drilling in 2010 and 2011 successfully converted inferred resources to the indicated category. The mineral resource update focused on the global mineral resource, but the mineral resource inventory for the XY Central and Don deposits includes a higher grade tonnage that is the foundation for the bankable feasibility study underway with Wardrop Engineering.
Selwyn Chihong worked through the winter of 2010-11 to mobilize pieces of major mining equipment at the site. Exploration is moving underground.
Additional information is available at www.SelwynResources.com.
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