www.selwynresources.com
Selwyn has entered into a sale transaction with Chihong Canada Mining Ltd. to sell its 50% interest in Selwyn joint venture project in Yukon and Northwest territories, for CAD 50.0 Million. The transaction was approved by the Selwyn shareholders at the April 22, 2013 Special Meeting and is expected to be closed in early June 2013 together with the payment of the remaining CAD 40.0 Million.
Selwyn acquired ScoZinc Ltd in 2011 for CAD 10.0 Million and with a plan to re-start operation and join the “Producer group”. The time required to resume production at ScoZinc is approximately 9 months, with an estimated production of 2,500 tpd (Zinc and Lead) mine and mill operations. The Selwyn Board has indicated that it wishes to have the funds from the sale of its interest in the Selwyn Project to fund the restart of ScoZinc mine if warranted and grow of the company as a new base-precious metal producer.
Presentations & Company Media
22/02/2012
Zinc Industry Faces ‘Chronic Supply Problem' (Presentation)29/06/2011
ScoZinc Brochure (Presentation)29/06/2011
Selwyn Corporate Presentation (Presentation)31/05/2011
Selwyn Project Brochure (Presentation)
Related Research & Media
No documents available.
Company Statement:
Selwyn Resources Ltd. is a publicly traded, Canadian base metals exploration and development company. The company's core project is the World class Selwyn Project, located in eastern Yukon. The Selwyn Project has reactivated the Howard's Pass zinc-lead district, and since 2005 the company has invested approximately $90M to define Selwyn deposit as one of the largest undeveloped zinc-lead deposit in the world.
Selwyn has completed in August 2010 a 50:50 Joint Venture Agreement with Yunnan Chihong Zinc and Germanium Co. Ltd. Chihong, a fully integrated zinc-lead mining and smelting company based in Yunnan Province in southern China, to invest $100 Million to advance Selwyn Project to bankable feasibility and complete permitting. Selwyn and Yunnan Chihong have formed Selwyn Chihong Mining Ltd. to advance the project and have launched an approximate $85M exploration and development programs of definition drilling, engineering, permitting and initial underground development to complete bankable feasibility study, permitting and project financing by mid 2012.
In June 01, 2011, Selwyn completed the acquisition of ScoZinc Limited, and acquired all of the assets associated with the Scotia Zinc-Lead Mine located in Nova Scotia. The acquisition and restart of ScoZinc is a major strategic step in the evolution of Selwyn into a mid-tier producing base metal mining company. The restart will provide Selwyn with an attractive opportunity to expand its operations and take advantage of mining opportunities in mining friendly Nova Scotia. ScoZinc will also provide Selwyn with a basis for expansion of its management team; provide cash flow and an opportunity to grow its development and operating experience as it advances the Selwyn Project.
The outlook for base metals remains very positive, with the supply-demand fundamentals for zinc and lead looking particularly strong over the next 2 to 5 years as mine development tries to keep up with rapid demand growth and replace production from several mines nearing depletion.
Current Operations:
The Selwyn Project
The Selwyn Project is located in eastern Yukon and straddles the border with the Northwest Territories (NWT). More than 90 percent of the district is in the Yukon, with only the southeast end extending across the border into the NWT.

The Selwyn Project is the consolidation of the Howard's Pass Joint Venture lands acquired from Placer Dome and Cygnus mines Ltd., and Selwyn's wholly owned lands in the Selwyn District. Selwyn has completed more than $70 million of exploration on them. The property consists of 7,450 hectares of mineral claims in the Yukon and 2,162 hectares of Mining Lease lands in the Northwest Territories, referred to as the Howard's Pass Joint Venture. In addition, Selwyn has 19,294 hectares of mineral claims in the Yukon and 3,373 hectares of wholly owned claims in the Northwest Territories. These claims and mining leases provide Selwyn control over 66 kilometres of the favourable strata in this giant zinc-lead district.
Historically, between 1973 and 1981, Placer Development completed a total of 35,635.5 metres of diamond drilling in 210 drill holes. In year 2000, Copper Ridge Explorations completed an additional 2,356.3 metres of diamond drilling in 8 drill holes.
Selwyn commenced drilling on Selwyn Project in 2005 and has completed to March 2011 a total of 142,262 metres of diamond drilling in 504 drill holes that have defined the Selwyn deposits over a strike length of approximately 38 kilometres. Initially, drilling was focused on shallow mineralization amenable to open pit mining methods; however, as drilling progressed drilling focus shifted to defining high grade mineralization in which the high grade mineral zones were followed both along strike and down dip.
As of the end of the 2009, mineral resources have been defined in 15 deposits that are separated by structural breaks or gaps in drilling. The zinc-lead mineralization appears to define, what was originally one large laterally continuous deposit that has been deformed by folding and faulting defining numerous structural panels. Within many of these structural panels high grade mineralization has been found in several of the deposits over a length of more than 15 kilometres; high grade mineral resources have been defined in five of the mineral deposits.
| Year | Number of Drill Holes | Metres |
| 1973-1981(Placer Dome) | 210 | 35,635.5 |
| 2000 (Copper Ridge) | 8 | 718.2 |
| 2005 | 53 | 8,317.0 |
| 2006 | 191 | 40,587.7 |
| 2007 | 107 | 37,006.4 |
| 2008 | 13 | 3,857.0 |
| 2009 | 9 | 4,213.1 |
| 2010 | 86 | 27,498.8 |
| 2011(to March 31) | 45 | 20,782.8 |
| Total | 722 | 177,898.3 |
2010 Exploration Program
The proposed 2010 drilling focused on upgrading Inferred mineral resources in the XY Central, XY West and Don zones to the Indicated category, and expansion of these zones.
In 2010, Selwyn Chihong, the joint venture company created to advance the project, completed $22.2 million of expenditures, including an extensive diamond drilling program in the XY Central and Don deposits to upgrade mineral resources to the measured and indicated category. It also undertook exploratory drilling in the XY West deposit to confirm the continuity and extent of the high-grade mineral resources. Approximately $7.6 million were spent on environment and engineering studies to support the bankable feasibility study and permitting activities.
For further informaiton on the Selwyn Project please CLICK HERE
The Howard's Pass District is a world-class zinc-lead-silver district straddling the Yukon and Northwest Territories border. The mineralization consists of stratiform and stratabound zinc and lead sulphide mineralization within Silurian shales of the Howard's Pass Formation. All known mineralization occurs within a specific stratigraphic unit referred to as the Active Member. The Active Member has been followed for more than 38 kilometres and wherever located it contains significant zinc-lead mineralization.
Exploration by the Howard's Pass Joint Venture during the 1970's and 1980's defined three deposits (XY, Anniv and OP) spread over a 38-kilometer long belt of favourable strata. These three zones on the Howard's Pass Property contain a historical mineral resource ( circa 1983) of 115.4 million tonnes (Indicated resource) grading 5.41% zinc and 2.10% lead (mostly in the XY Zone) plus an additional Inferred resource in excess of 367 million tonnes with a similar grade which are projected for areas where only widely spaced drilling has been performed. These estimates predate current resource estimation standards established by National Instrument 43-101 and should not be relied upon by investors (see the new resource and reserve section for updated resources).
Prior to exploration by Selwyn, all three zones were known to be open at depth and along strike. The ultimate tonnages of zinc and lead mineral resources in the District were estimated at the time to be much larger.
ScoZinc Mine in Nova Scotia
The acquisition of ScoZinc Ltd. provides Selwyn with a low cost entry to becoming a producing mining company. The restart of production at the Scotia Mine in Nova Scotia will provide Selwyn with both mine operations experience and early cash flow which will be strategically important to its securing financing for the Selwyn Project.
The Scotia zinc-lead mine operated from mid 2007 through early 2009 before it was shut down following a dramatic decline in zinc and lead prices during the 2008-2009 financial collapse. During its operations ScoZinc demonstrated the attractiveness of mining the zinc-lead mineralization in an open pit, confirming the potential for mining the other mineral deposits located adjacent to the Main open pit area.
With the closing of the acquisition of ScoZinc, Selwyn will commence the detailed planning of the restart of the Scotia Mine. Expansion of the management team is underway to provide the specific experience and skills for mine operations, with a goal to build a strong management team to manage and operate the mine as a stand-alone operational unit with Selwyn providing senior management oversight. Previously, the local communities provided much of the workforce for the mining and milling and many of those will likely return to the mine easing the challenge of re-staffing of operations.
Key to the success of the restart is the refurbishment of the mill to ensure high availability and increased mill capacity. Secondly, it is important to get ahead of the stripping of waste and stockpiling of low grade ores and provide access to the high grade mineralization in the lower benches.
The restart of the Scotia Mine is seen as the first step in unlocking the potential for continued exploration and development within the Windsor Basin. It also provides Selwyn with an operating base in Nova Scotia to pursue other exploration and development opportunities.
For further infromation please CLICK HERE
Management
Dr. Harlan D. Meade, President, CEO & Director
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Harlan Meade, a Director of the predecessor company Expatriate Resources Ltd. since December 1995, is a geologist and has been President and CEO of the Company since May 1998. Previously, Dr. Meade was Vice-President Exploration and Environment of Westmin Resources Limited from 1992 to 1997, continuing as Vice-President Exploration through February 1998. He played a major role in the exploration and/or development of several deposits currently being mined by Westmin's successor company. He was also instrumental in the discovery and exploration of the Wolverine Deposit. Dr. Meade is graduate of University of British Columbia, University of Western Ontario and Simon Fraser University with degrees in Geology and Master in Business Administration (MBA). |
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Harlan Meade, a Director of the predecessor company Expatriate Resources Ltd. since December 1995, is a geologist and has been President and CEO of the Company since May 1998. Previously, Dr. Meade was Vice-President Exploration and Environment of Westmin Resources Limited from 1992 to 1997, continuing as Vice-President Exploration through February 1998. He played a major role in the exploration and/or development of several deposits currently being mined by Westmin's successor company. He was also instrumental in the discovery and exploration of the Wolverine Deposit. Dr. Meade is graduate of University of British Columbia, University of Western Ontario and Simon Fraser University with degrees in Geology and Master in Business Administration (MBA). |
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David Kwong is the Chief Financial Officer of the Company. He is a member of the Canadian Institute of Chartered Accountants and the Illinois Certified Public Accountants Society with experience in management, corporate finance and information technology. He has worked in various capacities across diverse sectors: Corporate Analyst at the TSX Venture Exchange, Comptroller and a member of the Executive Committee of Eminata Group, and Senior Auditor at KPMG. |
George Stevens, Q.C., Director
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George Stevens was a partner in Lang Michener (now McMillan LLP) for many years until he joined Teck Corporation as Vice President Corporate Affairs in 1992. In his law practice Mr. Stevens specialized in resource law and corporate finance and governance. During his career with Teck, he negotiated resource development and finance agreements related to a number of projects, principally in Latin America and Australia. Following his retirement from Teck in 2001, he rejoined Lang Michener as Associate Counsel until 2006.Mr. Stevens has served on a number of corporate boards, including Yukon Zinc Corporation, for which he acted as Chairman until its takeover by a consortium of Chinese companies in 2008.
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Lorne Anderson is a Chartered Accountant who has been a financial consultant to the minerals industry since 1998. From 1988 to 1998 he was the CFO and Treasurer of Glamis Gold Ltd. He was also the CFO of Tyhee Gold Corp from May 2005 until January 2012. He is currently a member of the Board of Tahoe Resources Inc. which is listed on the TSX and NYSE exchanges and the Board of Lake Victoria Mining Inc. He has been a member of several other Boards listed on the TSXV, including Yukon Zinc Corporation. |
Jason Dunning, Vice President Exploration
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Jason Dunning joined the predecessor company Pacifica Resources Ltd. at the time of its creation in December 2004 after being spun out of Yukon Zinc Corporation (formerly Expatriate Resources Ltd.). Mr. Dunning was also the Vice President Exploration for Yukon Zinc Corporation from April 2003 until July 2008 when it was taken over by Jinduicheng Molybdenum Group Co. Ltd. of China; noting that he also served as Interim Vice President Exploration for StrataGold Corporation from February 2004 until May 2004. He is a graduate of Carleton (Hon. BSc. Geology 1994) and Laurentian (MSc. Geology 1998) universities with a strong background in sedimentary exhalative, volcanogenic massive sulphide, and nickel sulphide deposits with experience in numerous other magmatic-hydrothermal deposit models. Prior to joining Expatriate Resources Ltd., he was a Project Geologist for Hudson Bay Exploration and Development Co. Ltd. based in Flin Flon, Manitoba. Mr. Dunning is very active on the volunteer front with the Mining Industry and has been involved with the Mineral Deposits Division of the Geological Association of Canada since 1998, holding various Executive positions. He also has been an active volunteer with AMEBC (formerly BC Yukon Chamber of Mines) on the Cordilleran Round-Up committee since 1997 and has also served with them as a Director. |
Justin Himmelright, Vice President of Environment and Community Affairs
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Justin Himmelright joined Selwyn Resources in June 2006. Mr Himmelright has a strong background in project permitting, First Nations consultation, and regulatory affairs for industrial projects. He is a graduate of Simon Fraser University (B.Sc. Biology) and brings 11 years of environmental, mining, and exploration-related experience to Selwyn Resources, including two years with Expatriate Resources Ltd. (predecessor to Yukon Zinc Corporation) Prior to joining Selwyn Resources, he was a Natural Resource Specialist, Environment & Social Issues Coordinator, and Aboriginal Relations Coordinator for BC Hydro. He was also a Project Manager and Biologist for Hallam Knight Piesold Ltd./Knight Piesold LLC. |
Catalin Chiloflischi, Manager of Investor Communications
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Catalin joined Selwyn Resources in October 2010. Mr. Chiloflischi has a strong background and extensive experience in investor relations, communications, corporate governance, sustainability and business development both in Canada and Europe. Over the last 10 years Mr. Chiloflischi worked closely with publicly traded companies, especially from the oil and gas and mining sectors, on investor relations, sustainability issues, disclosure and corporate governance policies and performance. He is a graduate of the Academy of Economic Studies in Bucharest, Romania and completed several professional development programs in corporate governance, capital markets, business development and Canadian securities. |
Joseph Ringwald, Vice President Mining
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Joseph Ringwald joined Selwyn Resources in January 2011. Mr Ringwald is a mining and mineral process engineer with over 25 years mining and construction experience. Past employment included senior mining engineer with Placer Dome, Vice President Project Development with Crew Gold, Technical Director Mining with AMEC Americas, Vice President Sustainable Development with Tournigan Energy and, most recently, Vice President Operations and Project Development with Brett Resources. His career has taken him into numerous countries in Europe, Africa, the Middle East, North America, Latin America and Asia to work on underground and surface projects of various commodities including base and precious metals, uranium, coal, industrial minerals and diamonds. Most of his career has been focused on mine development, Corporate Social Responsibility and Sustainable Development. |
Stephen Rea, Vice President Corporate Development
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Stephen Rea joined Selwyn Resources in February 2011. Mr. Rea holds an MBA from the Kellogg School of Management (Northwestern University) and the Schulich School of Business (York University) and brings to Selwyn broad investment banking and mergers and acquisitions transaction experience in North America and China. Prior to joining Selwyn, Mr. Rea worked with NCP Northland Capital Partners as Vice President, Investment Banking, in the Asian banking group. |
Lyndsie Gangnon, Director of Human Resources
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Lyndsie joined Selwyn Resources in April 2011. Ms. Gangnon holds a Bachelor’s Degree in Psychology from the University of British Columbia and a Human Resource Management Diploma from the British Columbia Institute of Technology. Ms. Gangnon brings to Selwyn broad experience in all aspects of human resources with organizations ranging from small emerging companies to large global corporations, most recently as an HR Consultant to small businesses in Vancouver, Human Resources Manager with the Walt Disney Company, and Area HR Manager with Lafarge North America. |
Major Shareholders
Issued*: 329,493,382
Fully Diluted*: 485,783,069
Options: 25,484,400
Warrants Issued: 58,319,559
Warrants in Escrow: 7,875,000
DSU: 2,811,143
* as of July 5th 2012
Contact Information
Selwyn Resources Ltd.
Suite 700 - 509 Richards Street
Vancouver, BC
V6B 2Z6
Canada
Telephone: 604-801-7240
Toll Free: 888-989-9188 (North America)
Int'l Toll Free: 800-7581-2133
Fax: 604-689-8355
Email: info@selwynresources.com
Catalin Chiloflischi Manager of Investor Communications
Telephone: 604-801-7246
Toll-Free: 888-989-9188 (Canada and USA only)
International Toll-Free: 800-7581-2133 (for outside of North America only)
Fax: 604-689-8355
Corporate Information
No info available.
































