Zinc and lead explorer Selwyn Resources (CVE:SWN) said Monday that it is expanding the helicopter-borne VTEM geophysical survey for its Nova Scotia properties.
The 1,551 kilometre survey, announced initially in early February, is
covering the company's ScoZinc unit's mineral claim holdings in the
Smithfield, Walton and Stirling areas. Targeted work areas include the
former producing Walton mine in Hants County, Nova Scotia, the former
producing Smithfield mine in Colchester County and the former producing
Stirling or Mindamar mine in Richmond County.
As part of the initial surveys, Selwyn undertook a 19 kilometre
flight-line test grid flown over the Northeast zone of the ScoZinc
deposit in the Gays River district in Nova Scotia.
Preliminary modelling of the data for the test flights over the
Northeast deposit have defined a geophysical signature, said Selwyn.
With these positive results, Selwyn plans to fly an additional 595
flight line kilometres over its mineral claim holdings in the
Musquidobit area along the interpreted northeast extension of the
"favourable carbonate reef structures that host the ScoZinc mine".
"The geophysical signature identified for the Northeast deposit is
one of the best results an exploration company can have from a
geophysical survey outside of a new discovery," said VP of exploration
for Selwyn, Jason Dunning.
"Moving forward, the application of the airborne geophysical survey
data will be providing Selwyn with a very attractive tool in assessing
the presence of base metals on its large landholdings in Nova Scotia."
Selwyn’s primary focus remains the exploration and development of the
properties that make up the Selwyn project in the Yukon, by the joint
venture comprised of Selwyn and Chihong Canada Mining.
The Selwyn project hosts large tonnages of zinc-lead mineralization.
The recently announced acquisition of ScoZinc Limited, which owns the
ScoZinc Mine in Nova Scotia, provides the company with a second
opportunity for growth and the potential for production revenues in
2012, it said.