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SLK Silk Road Energy Inc

0.05
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Silk Road Energy Inc TSXV:SLK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.05 0.015 0.05 0 01:00:00

Selkirk Metals Corp.: Drilling Intersects Q Zone at Depth and Expands the Creek Zone; Third Drill Commences Operations-Ruddock C

04/09/2007 2:00pm

Marketwired Canada


Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased
to announce that diamond drilling on the Ruddock Creek Property (the "Property")
has confirmed the continuation down dip of the Q Zone and continues to expand
the Creek Zone. The 2007 drilling has shown the Creek Zone mineralization
continues in all directions from the area outlined by the 2006 drilling program.
Two drills have been operating to date and the third diamond drill is set to
commence operations. Drilling will continue to expand the area of massive
sulphide mineralization known within the "Ruddock Creek Sulphide Horizon"
("Sulphide Horizon") over the known length of in excess of 5 kilometers. This
will include drill testing the U Zone, the T-Zone, and the R-Zone and continuing
to expand the Q and Creek Zones. Evaluation of the remainder of the massive
sulphide zones through surface mapping and sampling will continue.


The confirmation and extension of the Q Zone is a very significant step in
defining the potential of the Sulphide Horizon as this zone is located over 5
kilometers west of the E-Zone. The first drill hole completed to evaluate this
Zone intersected 3.05 meters of mineralization with varying amounts of massive,
semi-massive and disseminated sphalerite (Zn) and galena (Pb). These sulphides
are similar in character to the surface showing and the mineralization
throughout the Sulphide Horizon. The intersection is approximately 170 meters
down dip from the surface showing. Further drilling will serve to extend and
better define the attitude of the zone. Previous drill results from the Q Zone
included hole Q-5, which intersected 14.5 meters assaying 10.5% Zinc and 1.17%
Lead.


To date 9 holes have been completed on the Creek Zone all of which have
intersected the zone confirming the down dip and along strike continuity in all
directions. In addition several other mineralized intervals have been
intersected above the Creek Zone containing typical Ruddock Creek sulphide
mineralization. A new surface showing corresponding to one of these upper
intervals was uncovered 200 meters northwest of the Creek Zone outcrop. This
interval has been encountered in 3 holes to date. Drilling has intersected
massive, semi-massive and disseminated sphalerite (Zn) and galena (Pb) similar
in character to those intersected in the 2006 drilling program. Results from the
2006 program are included in the following table:




-------------------------------------------------------------------
CREEK ZONE 2006 DRILL RESULTS
-------------------------------------------------------------------
DRILL           FROM            TO    INTERVAL      ZINC       LEAD
HOLE              (m)           (m)         (m)       (%)        (%)
-------------------------------------------------------------------
RD-06-144      43.04         49.27        6.23     11.21       2.65
-------------------------------------------------------------------
RD-06-145      43.36         52.75         9.4      7.73       1.74
-------------------------------------------------------------------
RD-06-149      47.62         60.26        12.6     11.26       2.44
-------------------------------------------------------------------
RD-06-154      58.92          67.1         8.2      5.85       1.13
-------------------------------------------------------------------
RD-06-155      91.75         92.48        0.73      9.59       2.65
-------------------------------------------------------------------
RD-06-156      72.74         73.49        0.75     12.88       3.17
-------------------------------------------------------------------
RD-06-157       74.0         80.12        6.12      7.08       1.55
-------------------------------------------------------------------
RD-06-158      63.42         71.83        8.41      6.07       1.82
-------------------------------------------------------------------
RD-06-159      51.93         61.92        9.99      4.51       1.07
-------------------------------------------------------------------
RD-06-160      55.34         60.47        5.13     21.27       4.61
-------------------------------------------------------------------



The Creek Zone forms part of a series of massive sulphide showings exposed at
surface, which include the Lower and Upper T Zones. In total these zones, which
exhibit similar characteristics, indicate a continuous sulphide horizon with a
strike length of over 1 km. These dimensions are similar to the dimensions of
the E-Zone that has been the focus of exploration on the Ruddock Creek Property
to date. Diamond drilling will continue to expand the Creek Zone towards the T
Zones to confirm the indicated continuity of the sulphide horizon.


Procon Mining and Tunneling Ltd. have mobilized their equipment and personnel to
the Ruddock Creek Project and are in the process of collaring the portal in
preparation for driving the 1,000 meter decline to undercut the deep E Zone
mineralization.


Sampling of the drill core is being carried out on an ongoing basis and the
results from the 2007 drilling program will be released as they are received and
compiled by the Company. 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. As a result of the completion of the
acquisition of Doublestar Resources Ltd., Selkirk now has an undivided 100%
interest in the Ruddock Creek Property. The Ruddock Creek Property is located
100 km north-northwest of Revelstoke in the Kamloops and Revelstoke Mining
Divisions, British Columbia.


On Behalf of the Board of Directors of Selkirk Metals Corp.:

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 management of Selkirk and Doublestar 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 the public filings of both Selkirk and
Doublestar at www.sedar.com for further information.


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