Monday, 12 March 2012

Selwyn expands airborne geophysical survey for Nova Scotia properties

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.

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