First Ever Underground Drill Hole Intersects E-Zone Massive Sulphides at Ruddock Creek
July 21, 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.
On July 12th, the underground drilling contractors completed the first
underground drill hole ever drilled at Ruddock successfully
intersecting the deep E Zone exactly as predicted by the Company's
technical staff. The first drill hole was designed to parallel the
final stage of the decline in the east wall to where the ramp was
projected to intersect the mineralization, which is now only 110 metres
from the current location. The hole, which was drilled from the 650m
station of the ramp, intersected the target sulphide mineralization
identical to the E Zone consisting of sphalerite, galena and iron
sulphides. The mineralization occurs as sections of disseminated, semi
and massive sulphide over a width of 67.0m from a down hole depth of
325.0 to 392.0 metres. The most significant base metal mineralization
over a width of 10m from 382.0 to 392.0m was in the hanging wall side,
which matches the offsetting surface drill holes completed in previous
years.
Over the past two months, the underground development has exceeded our
scheduled projections and the ground conditions remain excellent. The
decline is now at a depth of 890m with a cross cut planned parallel to
the mineralization at a depth of 900m. The majority of the underground
drilling will occur from this crosscut which will be parallel to the
ore and 100m in the footwall. The underground mining contractors will
drive the crosscut at the same time as continuing to drive the decline
through the E Zone mineralization, which is projected to be intersected
at 1,000m where it will cross through the Zone in the area of
previously drilled surface holes tabulated below:
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FROM TO INTERVAL ZINC LEAD
HOLE NUMBER (m) (m) (m) % %
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E-Zone
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RD-05-113 708.5 722.55 14.05 15.79 3.33
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RD-06-152 648.84 671.40 22.56 11.70 2.27
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"The progress at Ruddock Creek over the past two months has been
exceptional in the rapid advancement of the underground development and
the first ever intersection of the deep E Zone mineralization from
underground exactly as projected in location and metal distribution. I
would like to thank all staff, consultants, contractors and Procon
Mining & Tunnelling Ltd. for the excellent work completed during
this period," stated Gordon Keevil, President.
Operations on the Ruddock Creek Property are being conducted under the
supervision of the Company's Qualified Person (as defined by NI
43-101), Jim Miller-Tait, P.Geo., Vice President of Exploration.
On Behalf of the Board of Directors:
(signed) "Gordon Keevil"
Gordon Keevil, President
For further information on Selkirk Metals Corp. please visit our website at www.selkirkmetals.com.
