Selwyn Resources drills further high grade zinc, lead at Don deposit

Vancouver-based Selwyn Resources announced Tuesday additional drill results from the Don deposit at its zinc-lead project in the Yukon, Canada, intersecting high grade mineralization near surface.
Drilling at the property is conducted over three lenses, or mineralization that is thick in the middle and tapers towards the ends, at the Don deposit. The three main lenses are the 61-lens, 62-lens, and the 63-lens.
Highlights from the 62 lens results reported today include hole DON-163, which returned 6.83 metres, grading 6.71% zinc and 3.71% lead, including 2.45 metres grading 10.08% zinc and 2.72% lead; and hole DON-167, which intersected  8.15 metres grading 7.41% zinc and 3.24% lead, including a very high grade intercept of 0.93 metres of 21.54% zinc and 13.62% lead.
In addition, hole DON-174 found 10.28 metres of 6.3% zinc and 3.08% lead, including 1.55 metres of 10.95% zinc and 9.76% lead.
The drill results are part of the definition drilling program in the Don deposit that is being conducted by Selwyn Chihong Mining, the joint venture equally owned by Selwyn and Chihong Mining Canada, a subsidiary of Yunnan Chihong Zinc and Germanium Co.
The company said several other holes in the 2011 program also intercepted zinc-lead mineralization.
The January 2008 mineral resource for the Don deposit estimated an indicated mineral resource of 5.3 million tonnes grading 9.98% zinc and 3.86% lead, and an inferred mineral resource of 5.34 million tonnes grading 7.94% zinc and 2.95% lead.
Selwyn said that drill results from 57 holes at the XY West deposit will be released shortly. This program included definition drilling of previously reported resources, as well as exploration drilling along strike to the northwest.
The Selwyn project hosts large tonnages of zinc-lead mineralization, which have the potential for large scale production.
The  company's recently announced acquisition of ScoZinc Limited, which owns the Scotia Mine in Nova Scotia, provides Selwyn with the opportunity for future production revenues, which are planned to fund the development of its Yukon project.