Ruddock Creek Project Update
March 3, 2008 - Selkirk Metals Corp. ("Selkirk" or the "Company")
is pleased to provide this update of operations on the Ruddock Creek
Property, located 100 km north-northwest of Revelstoke in the Kamloops
and Revelstoke Mining Divisions, British Columbia.
Since the New Year, underground operations have been excellent with the
ramp now over 350 meters in length. While the winter has been harsh in
some areas of British Columbia, the snow pack at Ruddock Creek has not
been a problem for operations or access. As previously announced, the
current plan is to commence underground diamond drilling at or near the
800 meters mark of ramp advance. Initial drilling will focus on the up
dip section of the Deep E-Zone to connect with the detailed drilling
that has been completed from surface. Once the decline reaches the Deep
E-Zone mineralization, at a length of approximately one kilometer,
samples will be collected for bulk metallurgical testing. Delineation
of the deeper portions of the deposit through drilling and additional
underground development are planned.
As the underground program continues, Selkirk is also commissioning a
second important set of metallurgical tests including tailings
classification. These will be focused on environmental and geotechnical
characteristics as a follow-up to the successful heavy liquid and
floatation tests completed last year. The proposed tests will be used
in the engineering study and in support of the Environmental Assessment
process. Over the past two years, the Company has been collecting
baseline data and related information for this Environmental Assessment
and is now preparing the necessary initial documentation. To date, the
results of the metallurgical testing have been very positive both from
an operating and an environmental perspective. It is expected that the
current program will simply augment the results obtained to date.
Management and staff are very pleased with the ongoing developments at
the Ruddock Creek Project and remain committed to the completion of the
initial scoping study late in 2008. As the summer approaches, Selkirk
will also continue to explore, expand and evaluate the balance of the
high grade zinc/lead massive sulphide mineralization that has been
defined by several discoveries along the 5 kilometer long "Ruddock
Creek Sulphide Horizon". Operations on the Ruddock Creek Property are
being conducted under the supervision of the Company's Qualified
Persons (as defined by NI 43-101), Jim Miller-Tait, P.Geo., Vice
President of Exploration and Tom Colbourne, P.Eng., Vice President of
Mining.
On Behalf of the Board of Directors of
Selkirk Metals Corp.:
(signed) "Gordon Keevil"
Gordon Keevil, President
For further information on Selkirk Metals Corp. please visit its website at www.selkirkmetals.com.
