Underground Drilling Continues as Decline Reaches 900 Meter Mark
July 29, 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.
The second diamond drill hole from the 650 meter location along the
decline has now been completed successfully intersecting the target
massive sulphide horizon of the E-Zone as predicted. Again, the
character and width of the zinc-lead bearing massive sulphide zones
intersected correlates very well with the intersections from the
Company's surface drill holes from 2004, 2005 and 2006. Each new
diamond drill hole that intersects, confirms and expands the E-Zone
adds to the technical data base that is being used to generate the
engineering studies in support of planned mining operations. This
drilling is the first phase of a planned 10,000 meter underground
program that will entail the use of two drill rigs.
The underground mining program that is in support of the diamond
drilling is now at the 900 meter length, where the lateral development
will be completed to allow for the necessary detailed drilling of the
E-Zone deposit. The drill station to the west of the decline is nearing
completion at which time the second underground drill will be mobilized
to the Property. The 200 meter crosscut to the east of the decline will
then be completed with the establishment of drill stations every 50
meters. The drill currently at the 650 meter station will move to the
east crosscut to continue drilling once the first east drill station is
completed. All drill operations are being planned under the direction
of our resource geologist and engineers to ensure that all the
necessary information for the engineering study will be collected by
the end of the current operation.
The main decline will be driven at the same time as the east crosscut.
The drilling results and geological mapping of the underground
development have confirmed that the decline is entering the footwall or
underlying rocks of the E-Zone. It is therefore expected that the first
mineralization will be encountered by the decline in the near term. The
decline will continue until it has crossed completely through the zone
of sulphide mineralization into the hanging wall of the E-Zone.
"We continue to be very pleased with the ongoing developments at the
Ruddock Creek Property. The drilling continues to confirm the projected
location and mineralization of the E-Zone and the underground
development continues to exceed the projected progress. We are now
looking forward to the intersection of the E-Zone by the decline and
the ongoing diamond drilling program, which have been the two goals of
this major phase of development at Ruddock Creek," 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.
