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Gold/Mining/Energy : Selkirk Metals Corp. -- Ignore unavailable to you. Want to Upgrade?

To: stan_hughes who wrote (22)	5/17/2007 8:40:55 AM
From: stan_hughes	Read Replies (1) \| Respond to of 45

Selkirk Metals Corp.: 2007 Field Program Commences at Ruddock Creek Property Thursday May 10, 9:00 am ET VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 10, 2007) - Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK - News) is pleased to provide this update of operations on the Ruddock Creek Property, which is located 100 km north-northwest of Revelstoke in the Kamloops and Revelstoke Mining Divisions, British Columbia (the "Property"). Road construction equipment has been mobilized to the property and snow clearing of the access roads to and on the project area has commenced. The roads have been cleared to within one kilometre of where the road construction ended in 2006. At the close of operations in 2006, the access route was within 500 metres of the proposed 2007 exploration camp and core processing facility locations and 1.7 km from the proposed portal and main mining camp area. The first phase of operations this season is to complete and install the exploration camp so diamond drilling can begin. The road construction will then continue to the proposed portal and main mining camp site in order to mobilize underground mining equipment to the site. A 30 person trailer camp has been purchased by the Company and will provide housing, cooking, recreation and office facilities for the workforce. Three surface diamond drills have been contracted to complete a minimum of 10,000 m of surface drilling focused on the E Zone, the Creek Zone, and the Q, R, V and U showings in the Oliver Creek area. Drilling operations are expected to commence on the Oliver Creek area targets by early June, with the drilling on the higher E Zone and Creek Zone targets when ground conditions are favourable. Snow levels in the Ruddock - Oliver Creek drainages this winter were marginally less than historical averages thereby allowing for an earlier start on the 2007 program. The 2007 underground work program, of which all permits have been applied for, on the Ruddock Creek Property will include a 1.1 km decline at the E Zone to undercut the deepest drilling intersections to date. An additional 600 metres of development is planned sub-parallel to the mineralized horizon for detailed underground diamond drilling. Over the winter season, a series of avalanche hazard assessments were completed to determine the optimal location for the proposed portal site, camps and access routes. The metallurgical test work, begun in 2006, and conducted by SGS Lakefield Research, will continue to determine the optimal process flowchart for the mineralization. To date, the results have proven to be positive with the Acid Base Accounting of the host rock of the mineralization shown to be dominantly non acid generating. The preliminary Heavy Liquid or Dense Media Separation (DMS) testing at a crush size of 5/8 inch and a specific gravity of 2.7, 34% of the feed mass or volume was rejected to the tails with only 1% lead loss and 0.3% zinc loss. The first Flotation testing results have been received and at a grind size of 100 microns 93.4% of the lead and 99.4% of the zinc were floated into rougher concentrates. Metallurgical results to date indicate that there are insignificant concentrations of deleterious or environmentally unfriendly elements. Baseline environmental studies were ongoing over the 2006-2007 winter season and will continue to accumulate the data necessary for future permit applications. As a result of the successful 2006 drilling program on the Ruddock Property, the Company is very comfortable with the decision to proceed with the 2007 major surface drilling program, underground decline including diamond drilling and the camp installation. This work will enable Selkirk, for the first time, to operate on a year round schedule with no shut down due to winter conditions. This will facilitate underground diamond drilling to fully delineate the E Zone mineralization and allow for eventual bulk sampling. The Company has raised the necessary finances to complete this work. Selkirk holds a 70% interest in the Ruddock Creek Property under the terms of a joint venture agreement with Doublestar holding the balance. Selkirk and Doublestar have signed an Arrangement Agreement which sets out the formal terms and conditions for the acquisition of Doublestar by Selkirk (Please see news releases dated March 1, 2007 and April 12, 2007). 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. On Behalf of the Board of Directors: Gordon Keevil, President 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 the Company 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 our public filings at www.sedar.com for further information. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of content of this press release. Contact: Gordon Keevil Selkirk Metals Corp. President (604) 687-2038 (604) 687-3141 (FAX) Website: www.selkirkmetals.com Source: Selkirk Metals Corp.