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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. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased to confirm that it has selected Golder Associates Ltd. ("Golder") to work with the technical staff of the Company to complete a "Preliminary Assessment" of developing the Ruddock Creek Project. The Ruddock Creek Property is located 100 km north-northwest of Revelstoke in the Kamloops and Revelstoke Mining Divisions, British Columbia. It is within 30 kilometers of the North Thompson River corridor which is one the two transportation and utility corridors connecting British Columbia with Alberta. As such, there is excellent access to power, transportation and infrastructure, all critical to mining operations. Since July 2007, Selkirk has completed a program of surface drilling and exploration and underground development and diamond drilling having spent in excess of $20 million. In addition, as exploration has continued environmental monitoring and sampling has been ongoing to provide the information necessary for the Environmental Assessment process. The underground development and diamond drilling program has recently been completed. To date, the underground and surface diamond drilling of the E-Zone has been completed from surface to the point where the underground decline intersected the Zone, a length down the plunge of the deposit of over 1 kilometer. The character and nature of the E-Zone has been confirmed along this length. The dip length of the Zone is generally between 300 and 400 meters and the massive sulphides are up to 20 metres thick. This section of the E-Zone will be the subject of the resource calculation and proposed development under the Preliminary Assessment. Golder has completed the initial field examination and review, including detailed geotechnical studies of the underground workings, and will be working with the Company's geological and engineering staff towards completing the Study. As the results from the ongoing underground diamond drilling program will only be made available over the next several months, it is expected that the report will be completed by the second quarter of 2009. "We are very pleased to have selected Golder to complete the first technical study of the Ruddock Creek Project. They are experienced with projects that include underground operations and massive sulphide processing. We look forward to working with them to complete the Report as quickly as possible," 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: 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 the Company 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 our public filings at www.sedar.com for further information.
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