My lead play is IVW.TO
For zinc I like SLK, 16% grades of zinc is almost like 10z gold per ton
Selkirk drills 10.25 m of 16.35% Zn on Ruddock Creek
2007-03-12 10:29 ET - News Release
Mr. Gordon Keevil reports
SELKIRK METALS CORP.: RUDDOCK CREEK PROJECT UPDATE
Selkirk Metals Corp. is providing the following summary of the results from the 2006 exploration program on the Ruddock Creek property, which is located 100 kilometres north-northwest of Revelstoke in the Kamloops and Revelstoke mining divisions, British Columbia. In 2006, Selkirk completed 14,740 metres of diamond drilling in 48 holes, mainly focused on better defining and extending the E zone.
E zone
The 2006 drill program confirmed the company's understanding that the mineralization at the E zone consists of a planar sheet of massive sulphides, which dips to the northwest at 45 degrees and plunges to the west at approximately 40 degrees. Hole RD-06-153 is the most westerly drill hole completed in 2006 and plots approximately 1.1 km west of the surface outcrop of the mineralization. The massive sulphide horizon remains open downdip to the west. Detailed drilling at the eastern end of the E zone has shown the mineralized body to be up to 400 metres wide and varying in thickness from less than five m to over 35 m. Sufficient drilling to constrain the width of the mineralized horizon has only been completed over the easternmost 150 m of the deposit. Sulphides occur as a series of semi-massive to massive lenses of sphalerite and galena hosted by a calc silicate rock and separated by pegmatite bodies. The metamorphic event, which produced the pegmatites, has also remobilized the sulphides, resulting in localized thickening of the massive sulphide horizons.
Structurally, the deposit is continuous with the exception of the west-dipping E fault, which cuts the massive sulphides at approximately the midpoint of the current drill pattern, or about 600 m west of the surface outcrop. In the immediate area of the E fault, the massive sulphide horizon shows evidence of thinning due to movement along the fault plane, and a small offset due to rotation of the units.
The accompanying table highlights the significant results from the 2006 drill program on the E zone.
E ZONE 2006 DRILL RESULTS
Drill From To Interval Zinc Lead
hole (m) (m) (m) (%) (%)
RD-06-116 125.85 131.95 6.1 9.81 1.92
RD-06-117 130.29 136.1 5.8 12.79 2.33
141.07 145.1 4 9.47 1.44
155.91 162.55 6.6 4.98 0.73
RD-06-118 115.8 116.58 0.8 12.39 0.17
RD-06-119 157.0 161.07 4.07 7.2 1.0
167.0 174.39 7.39 14.78 3.16
178.38 183.36 4.98 4.22 0.76
192.5 198.56 6.06 9.33 2.07
RD-06-121 91.08 100.84 9.76 5.8 1.32
117.09 118.49 1.4 15.71 2.76
124.05 129.79 5.74 6.78 1.53
RD-06-122 146.35 152.51 6.16 6.93 1.26
RD-06-123 144.75 151.35 6.6 3.79 0.71
157.1 167.35 10.25 16.35 3.65
187.75 189.5 1.75 5.16 0.88
RD-06-127 244.84 252.1 7.3 4.92 0.92
RD-06-129 283.4 288.78 5.4 3.09 0.81
RD-06-131 259.03 263.21 4.2 6.43 0.86
RD-06-132 294.4 299.51 5.1 4.21 0.98
RD-06-134 221.1 223.46 2.36 4.53 1.24
228.94 235.61 6.67 4.45 0.7
RD-06-135 236.29 248.73 12.44 9.39 1.87
RD-06-138 328.3 337.1 8.8 4.01 0.76
328.3 330 1.7 13.51 2.57
RD-06-139 369.18 374.07 4.89 4.7 0.87
RD-06-140 566.63 570.69 4.1 9.22 2.13
RD-06-141 558.45 571.38 12.9 7.48 1.49
RD-06-143 471.8 477.77 6.0 3.05 0.61
RD-06-146 277.71 286.92 9.2 4.32 0.81
RD-06-147 270.3 275.73 5.4 5.04 0.49
294 297.6 3.6 6.71 1.56
305.6 308 2.4 11.53 0.64
RD-06-148 214.46 241.1 26.6 5.43 0.96
RD-06-150 685.3 703.5 18.2 6.5 1.03
711.56 714.92 3.4 8.46 1.4
RD-06-152 648.8 671.4 22.6 11.70 2.27
RD-06-153 681.22 685.93 4.7 6.43 0.98
Metallurgical work carried out by SGS Lakefield Research Ltd. on the sulphide mineralization has shown the material to be composed dominantly of sphalerite with lesser galena, pyrrhotite and pyrite. No significant quantities of any deleterious trace elements have been detected. Testwork is continuing on the ore to determine the optimum method of processing, including a DMS (heavy liquid separation) circuit to assess its amenability to upgrading prior to floatation. Positive results with this process would allow the incorporation of significantly lower-grade material into resource calculations and potentially into the production of direct shipping ore. As part of the metallurgical program, acid-base accounting of the country rock and the ore horizon has indicated that the host rock will not be acid producing.
Creek zone
Drilling of the Creek zone consisted of 10 holes, all of which intersected the mineralized horizon and showed it to be continuous over a 100-metre-by-100-metre area. This material is visually the same as the E zone and the assay results are similar. The drilling was concentrated around the area of hole T-77-6 which is located approximately 500 m east of the Lower T zone, which is likely a continuation of the same horizon. The Creek zone forms part of a series of massive sulphide showings exposed at surface, which include the Lower and Upper T zones. In total these zones, which exhibit similar characteristics, indicate a continuous sulphide horizon with a strike length of over one km. These dimensions are similar to the dimensions of the E zone that has been the focus of exploration on the Ruddock Creek property to date.
The accompanying table summarizes the significant results from the 2006 drill program on the Creek zone.
CREEK ZONE 2006 DRILL RESULTS
Drill From To Interval Zinc Lead
hole (m) (m) (m) (%) (%)
RD-06-144 43.04 49.27 6.23 11.21 2.65
RD-06-145 43.36 52.75 9.4 7.73 1.74
RD-06-149 47.62 60.26 12.6 11.26 2.44
RD-06-154 58.92 67.1 8.2 5.85 1.13
RD-06-155 91.75 92.48 0.73 9.59 2.65
RD-06-156 72.74 73.49 0.75 12.88 3.17
RD-06-157 74.0 80.12 6.12 7.08 1.55
RD-06-158 63.42 71.83 8.41 6.07 1.82
RD-06-159 51.93 61.92 9.99 4.51 1.07
RD-06-160 55.34 60.47 5.13 21.27 4.61
Engineering and environmental studies
Construction of an access road to the Light Lake core logging area commenced in July of 2006 and by the end of the season had progressed to within 600 m of the lake. This road will provide access to the planned camp area for the 2007 activities. Selkirk expects to commence underground work with the collaring of an exploration decline this summer. The decline will be approximately one km in length and driven at a minus-15-per-cent grade. It will intersect the E zone at or near its western extension and drill holes RD-05-113 and RD-06-152. Crosscuts will be completed to both the east and west to allow for the necessary delineation drilling and engineering. Approximately 10,000 m of underground diamond drilling is planned. The site of the decline has been chosen and will entail an additional two km of road construction around Light Lake to the portal site.
The baseline environmental studies required for project advancement were initiated in the spring of 2006. This has entailed the establishment of a permanent weather station, detailed systematic water quality studies covering all drainages, wildlife and fisheries studies and surveys.
Planned exploration of balance of the Ruddock Creek sulphide system
The Ruddock Creek property was initially discovered in 1960 and explored by Falconbridge until 1963 and by Cominco from 1975 until 1977. This resulted in the discovery of 12 zones of significant zinc and lead mineralization and the definition of the "Ruddock Creek sulphide system." Research has confirmed that the sulphide mineralization is a "BHP Sedex" deposit. The E, Creek and T zones are located at the eastern end of the "Ruddock Creek sulphide system," which has been defined by previous exploration to extend for over five km. Previous exploration on the other zones within the sulphide system included surface mapping, sampling and shallow drilling, resulting in the discovery of massive sulphide mineralization in all zones over widths from two m to over 14 m. With the delineation of sufficient tonnage, any one of these zones would become a new target for development. Significant drill results from these zones are included in the accompanying table.
Hole Interval Zinc Lead
Zone No. (m) (%) (%)
T zone 77-6 4.1 9.8 1.6
T-2 5.0 12.05 2.45
T-3 7.3 10.6 2.24
Q zone Q-5 14.5 10.5 1.17
R zone R-1 8.6 14.7 2.9
U zone U-2 10.4 15.4 1.9
Lower G zone 77-3 7.0 8.27 1.8
77-8 6.5 8.9 2.0
M zone M-6 3.6 9.74 1.97
In addition to the underground exploration and development program on the E zone, Selkirk is planning a $4.5-million exploration program of geological mapping, trenching and diamond drilling to evaluate the potential of the most prospective of these zones. This is expected to add further to the resource outlined in the E zone and to the overall resource potential of the Ruddock Creek property.
In summary, Selkirk Metals has successfully met all objectives of the 2006 exploration program, which has justified the plan to accelerated development of the Ruddock Creek property through an extensive 2007 program of underground development, surface exploration and engineering. The company is now in the process of planning for this program and expects operations to begin in April or May.
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, PGeo. All samples were analyzed by Acme Analytical Laboratories in Vancouver, using the Group 7AR methodology.
Selkirk, through its wholly owned subsidiary, Selkirk Metals Holdings Corp., holds an undivided 70-per-cent interest in the Ruddock Creek property under the terms of a joint venture agreement with Doublestar Resources Ltd., which holds the remaining 30 per cent. Selkirk is the operator of the Ruddock Creek joint venture. The merger between Selkirk and Doublestar reported in Stockwatch on March 1, 2007, will, if approved, result in Selkirk holding a 100-per-cent interest in the Ruddock Creek property.
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