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Selwyn - eine unentdeckte Perle
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Ja, wenn man nur nachschaut wie der Umsatz in Deutschland war, dann kann man einen solchen Eindruck erhalten. Aber Selwyn ist mW noch von keinem Börsenbrief in Deutschland entdeckt und wird nur wenig gehandelt. Der deutsche Kurs richtet sich immer mit Aufschlag (beim Kauf) und Abschlag (bei Verkauf) nach Kanada. Dor wurden heute fast 2 Millionen Stück gehandelt.
Tyko: Ich denke, dass es ein paar Tage hält und dann wieder abbröckelt (wie die anderen Explorer auch, die heute gut zugelegt haben). Selwyn hat halt ein bisschen mehr draufgepackt wegen der Empfehlung. Sofern keine News über JV oder ähnliches kommen wird das sich in ein paar Tagen sicher wieder abbauen. Mitte des Jahres kommt die PFS und dann rechne ich mit einer nachhaltigen Besserung. Die Gründe sind bei Jason Hommel nachzulesen. Mit der PFS ist dann aber ein weiter Milestone erreicht.
Tyko: Ich denke, dass es ein paar Tage hält und dann wieder abbröckelt (wie die anderen Explorer auch, die heute gut zugelegt haben). Selwyn hat halt ein bisschen mehr draufgepackt wegen der Empfehlung. Sofern keine News über JV oder ähnliches kommen wird das sich in ein paar Tagen sicher wieder abbauen. Mitte des Jahres kommt die PFS und dann rechne ich mit einer nachhaltigen Besserung. Die Gründe sind bei Jason Hommel nachzulesen. Mit der PFS ist dann aber ein weiter Milestone erreicht.
Objective Capital hat ein Update zu Selwyn veröffentlicht. Das lohnt sich zu lesen (wenn man Englisch kann). Interessant sind die Tabellen auf S.5/6
Hinweis: Objectice Capital erstellt seine Analysen aufgrund eine Bestellung durch die jewelige Gesellschaft. Sie legen aber wert darauf, dass sie sich nicht bei ihrer Beurteilung beeinflussen lassen. Wer diesen Report liest wird bestätigen, dass er eine ausgewogene unsbhängige Beurteilung enthält.
Hier der Link:
www.objectivecapital.co.uk/selwyn-updatefeb08.pdf
Hinweis: Objectice Capital erstellt seine Analysen aufgrund eine Bestellung durch die jewelige Gesellschaft. Sie legen aber wert darauf, dass sie sich nicht bei ihrer Beurteilung beeinflussen lassen. Wer diesen Report liest wird bestätigen, dass er eine ausgewogene unsbhängige Beurteilung enthält.
Hier der Link:
www.objectivecapital.co.uk/selwyn-updatefeb08.pdf
wird mal Zeit, das es wieder mal hoch geht.
Wenn ich bei 0,01€ bin, nutzt mir auch keine 500%.
;-((
Wenn ich bei 0,01€ bin, nutzt mir auch keine 500%.
;-((
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
wenn hier nichts neues passiert ist es bald vorbei.
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Eigentlich erstaunlich: Während viele Zinkexplorer und Produzenten gerade in den letzten Wochen stark nachgegeben haben, bleibt Selwyn relativ stabil. Über einen längeren Zeitraum (seit September 07) hinweg habe ich folgende Vergleichszahlen:
Acadian -50%
Selwyn -70%
Blue Note - 74%
Breakwater -83%
Darin spiegelt sich der Verfall des Dollars und des Zinkpreises wider. Produzenten verbrennen Geld und bei Explorern sind es die schlechten Aussichten für die Beschaffung zusätzlichen Kapitals. Und das wird Selwyn benötigen. Wenn die vorhandenen Mittel ausreichen, um die PFS durchzuführen, dann können wir uns freuen, ansonsten ist mit einer weiteren Verwässerung zu rechnen. Die hat Selwyn bisher immer mit einer Erweiterung seiner Resourcen auffangen können.
Ob eine Verknappung des Zinkangebots (China wird Zink importieren müssen, um den Ausfall einiger Zinkschmelzen zu kompensieren udn in Australien ist eine große Schmelze für einige Monate außer Betrieb) den Markt verändern wird, bezweifle ich, da mit einer Rezession auch die globale Nachfrage nach Zink sinken wird.
Acadian -50%
Selwyn -70%
Blue Note - 74%
Breakwater -83%
Darin spiegelt sich der Verfall des Dollars und des Zinkpreises wider. Produzenten verbrennen Geld und bei Explorern sind es die schlechten Aussichten für die Beschaffung zusätzlichen Kapitals. Und das wird Selwyn benötigen. Wenn die vorhandenen Mittel ausreichen, um die PFS durchzuführen, dann können wir uns freuen, ansonsten ist mit einer weiteren Verwässerung zu rechnen. Die hat Selwyn bisher immer mit einer Erweiterung seiner Resourcen auffangen können.
Ob eine Verknappung des Zinkangebots (China wird Zink importieren müssen, um den Ausfall einiger Zinkschmelzen zu kompensieren udn in Australien ist eine große Schmelze für einige Monate außer Betrieb) den Markt verändern wird, bezweifle ich, da mit einer Rezession auch die globale Nachfrage nach Zink sinken wird.
nun meilenweit gefallen ist. Potential hin oder her , mit Rohstoffen ist zumindest für längere Zeit nix positives drin....
Am stärksten seh ich noch Sab. in dem Sektor als aussichtsreich... aber auch hier wirds noch jahre dauern....IMO
Am stärksten seh ich noch Sab. in dem Sektor als aussichtsreich... aber auch hier wirds noch jahre dauern....IMO
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
noch drin?
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Und ich glaube, dass ich da viel Geduld brauche. Das Risiko ist sehr hoch. Wovor ich am meisten Angst habe ist, dass da ein Übernahmeangebot kommt, aus dem ich mit Verlust rausgehe. Eine Übernahme kann sich ohnehin nur ein ganz Großer leisten, weil die Investitionen sehr hoch sind. Und davon gibt es wenige.
Übrigens hat Selwyn die Bohrakiviäten runtergeschraubt. Man arbeitet nur noch mit einem Bohrgerät.
Katalysatoren sind im Moment:
1. Die PFS. Die war für Ende des Jahres geplant. Ich kann mir aber vorstellen, dass sich das verschiebt, weil mit den aktuellen Zink- und Bleipreisen das Ergebnis nicht so vorteilhaft sein dürfte. Ich vermute, dass man die Bohraktivitäten heruntergeschraubt hat, um flexibler zu sein, was den Zeitpunt der Veröffentlichung anbelangt. Schließlich hat man nur beschränkt cash und eine Kapitalerhöhung bei den aktuellen Aktienkursen wäre nicht im Interesse der Aktionäre.
2. Die noch offenen Infrastrukturfragen. Für die Strasse gibt es zwar jetzt eine Genehmigung; aber offen sind noch die Frage des Hafens sowie die Stromanbindung.
Selwyn ist ein Beispiel dafür, dass ein Weltklassevorkommen alleine nicht ausreicht. Je größer der Kapitalbedarf für die Produktion ist, umso riskanter ist die Sache bei der aktuellen Lage auf dem Kapitalmarkt. Das ist nach meiner Meinung auch der Grund dafür, dass der Kurs so abgerauscht ist.
Übrigens hat Selwyn die Bohrakiviäten runtergeschraubt. Man arbeitet nur noch mit einem Bohrgerät.
Katalysatoren sind im Moment:
1. Die PFS. Die war für Ende des Jahres geplant. Ich kann mir aber vorstellen, dass sich das verschiebt, weil mit den aktuellen Zink- und Bleipreisen das Ergebnis nicht so vorteilhaft sein dürfte. Ich vermute, dass man die Bohraktivitäten heruntergeschraubt hat, um flexibler zu sein, was den Zeitpunt der Veröffentlichung anbelangt. Schließlich hat man nur beschränkt cash und eine Kapitalerhöhung bei den aktuellen Aktienkursen wäre nicht im Interesse der Aktionäre.
2. Die noch offenen Infrastrukturfragen. Für die Strasse gibt es zwar jetzt eine Genehmigung; aber offen sind noch die Frage des Hafens sowie die Stromanbindung.
Selwyn ist ein Beispiel dafür, dass ein Weltklassevorkommen alleine nicht ausreicht. Je größer der Kapitalbedarf für die Produktion ist, umso riskanter ist die Sache bei der aktuellen Lage auf dem Kapitalmarkt. Das ist nach meiner Meinung auch der Grund dafür, dass der Kurs so abgerauscht ist.
von 100 machts einer, und Selwyn scheint nicht der Hit zu werden...
Mit der Übernahme hast Du Recht, ist für uns dann hoher Verlust, mein EK wird das jedenfalls nicht bringen ........somit also halt liegen lassen....ist eh nicht mehr viel....dennoch irgenwie schade wenn es "weg" wäre...
Mit der Übernahme hast Du Recht, ist für uns dann hoher Verlust, mein EK wird das jedenfalls nicht bringen ........somit also halt liegen lassen....ist eh nicht mehr viel....dennoch irgenwie schade wenn es "weg" wäre...
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Schlecht: Verwässerung für bestehende Aktionäre
Gut: Dass ein großer Fond Vertrauen in SWN hat. Ich denke, die haben sich genau angeschaut, wo sie ihr GEld hinstecken. Der Kapitalbedarf von Explorern ist derzeit so hoch, dass nur die Besten zum Zuge kommen. Gut zu wissen, dass Selwyn dazu gehört.
Insgesamt gesehen: Positiv
Selwyn Resources Arranges $3,255,000 Strategic Financing
8:58 AM ET, August 21, 2008
VANCOUVER, BRITISH COLUMBIA, Aug 21, 2008 (Marketwire via COMTEX) -- NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Selwyn Resources Ltd. (SWN) ("Selwyn" or the "Company") announces that it has completed documentation for a non-brokered offering (the "Offering") of units (the "Units"). The single placee is Resource Capital Fund IV LP ("RCF") of Denver, Colorado. The transaction will be closed upon receipt of required regulatory approvals.
Pursuant to the Offering, Selwyn will issue 21,700,000 Units to RCF for gross proceeds of $3,255,000. Each Unit is priced at $0.15 per Unit and consists of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle RCF to purchase one common share at a price of $0.20 for a period of five years from the closing of the transaction. The securities sold will have a four month hold period extending from the closing of the transaction. The Units will be sold pursuant to applicable securities law exemptions in the Province of British Columbia and the United States.
With the issuance of the Units under this private placement, together with RCF's current share and warrant holdings, RCF will hold 31,223,810 shares and 15,611,905 common share purchase warrants. The RCF shares held will represent 15.5% of the issued share capital of Selwyn post-closing. As part of the transaction, Mr. Russell L. Cranswick, a partner in RCF, will join the Board of Selwyn upon the closing of the private placement. Selwyn and RCF have also entered into a shareholder agreement, the terms of which include a right for RCF, so long as at the relevant time it holds not less than 10% of Selwyn's common shares, to participate in future equity financings proportionate to its interest in Selwyn on the same terms as all other participants.
RCF is the most recent of the Resource Capital family of private equity funds. The funds have been active investing in and supporting development stage resource companies with four successive private equity funds since 1998. With approximately US$700 million in funds under management and a technically-oriented management team that is versed in all aspects of the resource development process, the group is well equipped to assist Selwyn in advancing its Selwyn project.
Harlan Meade, President and CEO, remarks: "On behalf of the Board of Selwyn Resources, we welcome Mr. Cranswick to the Board and RCF's participation in the continued development of our Selwyn Project. RCF is a well-regarded and knowledgeable institutional investor and brings significant technical and financial experience to the Board. RCF shares Selwyn's longer term view that the project has an excellent opportunity to expand high grade resources and rebrand the Selwyn Project as being very large but also with substantial high grade."
The proceeds of the financing will be used for general working capital and the continued advancement of the Selwyn Project; in particular, the current drilling that is focused on expanding the high grade mineral zones defined in 2006 and 2007. Ongoing work also includes environmental assessment, permitting, First Nations consultation and engineering.
The Company intends to continue discussions with potential strategic partners as opportunities permit. Of increasing importance for such entities is the importance of the Selwyn Project as one of the few large undeveloped resources of zinc and lead in the world, located in the politically-stable and mining-friendly environment of the Yukon. It is therefore both a strategic asset and a unique opportunity to provide a long term secure supply of zinc and lead to the Pacific Rim.
Selwyn's focus is the exploration of its properties that make up the Selwyn Project in the Yukon, which hosts large tonnages of zinc-lead mineralization. The known deposits have the potential for large scale production of zinc and lead at a time when major new mines are needed to ensure adequate future zinc mine supply.
This news release contains forward-looking statements concerning the proposed financing and the development of the Selwyn Project. These statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of failure to complete the proposed financing, failure to obtain necessary regulatory or shareholder approvals, exploration and other risk factors beyond Selwyn's control. There can be no assurance that such forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. All dollars in this release are in Canadian funds.
SOURCE: Selwyn Resources Ltd.
Gut: Dass ein großer Fond Vertrauen in SWN hat. Ich denke, die haben sich genau angeschaut, wo sie ihr GEld hinstecken. Der Kapitalbedarf von Explorern ist derzeit so hoch, dass nur die Besten zum Zuge kommen. Gut zu wissen, dass Selwyn dazu gehört.
Insgesamt gesehen: Positiv
Selwyn Resources Arranges $3,255,000 Strategic Financing
8:58 AM ET, August 21, 2008
VANCOUVER, BRITISH COLUMBIA, Aug 21, 2008 (Marketwire via COMTEX) -- NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Selwyn Resources Ltd. (SWN) ("Selwyn" or the "Company") announces that it has completed documentation for a non-brokered offering (the "Offering") of units (the "Units"). The single placee is Resource Capital Fund IV LP ("RCF") of Denver, Colorado. The transaction will be closed upon receipt of required regulatory approvals.
Pursuant to the Offering, Selwyn will issue 21,700,000 Units to RCF for gross proceeds of $3,255,000. Each Unit is priced at $0.15 per Unit and consists of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle RCF to purchase one common share at a price of $0.20 for a period of five years from the closing of the transaction. The securities sold will have a four month hold period extending from the closing of the transaction. The Units will be sold pursuant to applicable securities law exemptions in the Province of British Columbia and the United States.
With the issuance of the Units under this private placement, together with RCF's current share and warrant holdings, RCF will hold 31,223,810 shares and 15,611,905 common share purchase warrants. The RCF shares held will represent 15.5% of the issued share capital of Selwyn post-closing. As part of the transaction, Mr. Russell L. Cranswick, a partner in RCF, will join the Board of Selwyn upon the closing of the private placement. Selwyn and RCF have also entered into a shareholder agreement, the terms of which include a right for RCF, so long as at the relevant time it holds not less than 10% of Selwyn's common shares, to participate in future equity financings proportionate to its interest in Selwyn on the same terms as all other participants.
RCF is the most recent of the Resource Capital family of private equity funds. The funds have been active investing in and supporting development stage resource companies with four successive private equity funds since 1998. With approximately US$700 million in funds under management and a technically-oriented management team that is versed in all aspects of the resource development process, the group is well equipped to assist Selwyn in advancing its Selwyn project.
Harlan Meade, President and CEO, remarks: "On behalf of the Board of Selwyn Resources, we welcome Mr. Cranswick to the Board and RCF's participation in the continued development of our Selwyn Project. RCF is a well-regarded and knowledgeable institutional investor and brings significant technical and financial experience to the Board. RCF shares Selwyn's longer term view that the project has an excellent opportunity to expand high grade resources and rebrand the Selwyn Project as being very large but also with substantial high grade."
The proceeds of the financing will be used for general working capital and the continued advancement of the Selwyn Project; in particular, the current drilling that is focused on expanding the high grade mineral zones defined in 2006 and 2007. Ongoing work also includes environmental assessment, permitting, First Nations consultation and engineering.
The Company intends to continue discussions with potential strategic partners as opportunities permit. Of increasing importance for such entities is the importance of the Selwyn Project as one of the few large undeveloped resources of zinc and lead in the world, located in the politically-stable and mining-friendly environment of the Yukon. It is therefore both a strategic asset and a unique opportunity to provide a long term secure supply of zinc and lead to the Pacific Rim.
Selwyn's focus is the exploration of its properties that make up the Selwyn Project in the Yukon, which hosts large tonnages of zinc-lead mineralization. The known deposits have the potential for large scale production of zinc and lead at a time when major new mines are needed to ensure adequate future zinc mine supply.
This news release contains forward-looking statements concerning the proposed financing and the development of the Selwyn Project. These statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of failure to complete the proposed financing, failure to obtain necessary regulatory or shareholder approvals, exploration and other risk factors beyond Selwyn's control. There can be no assurance that such forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. All dollars in this release are in Canadian funds.
SOURCE: Selwyn Resources Ltd.
sehr viel Zeit....
und weiterhin
Geduld!
Entweder oder....
Verkauf lohnt sich bei meiner Miniposi nun ebenfalls nicht mehr. EK über 43ct.....
und weiterhin
Geduld!
Entweder oder....
Verkauf lohnt sich bei meiner Miniposi nun ebenfalls nicht mehr. EK über 43ct.....
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Selwyn forms joint venture with Chinese company
Agrees to deal to help finance key project in the Yukon
Vancouver — The Canadian Press
Published on Tuesday, Dec. 15, 2009 7:37AM EST
Last updated on Tuesday, Dec. 15, 2009 7:39AM EST
Selwyn Resources Ltd. (SWN-X0.21----%) has agreed to form a joint venture company with a Chinese zinc and lead producer to finance a key project in the Yukon.
Selwyn said late Monday it would make up half of a joint venture company with Yunnan Chihong Zinc & Germanium Co. Ltd. to advance its flagship Selwyn project to bankable feasibility and production if warranted.
The Selwyn project in eastern Yukon is one of the largest undeveloped zinc and lead resources in the world.
Under the terms of the agreement, Selwyn will transfer its mineral and other assets associated with the project to a new joint venture company. It will then hold half of the new company with Chihong holding the other 50 per cent.
In addition, Chihong will deposit $100-million cash to fund the new company's programs.
Selwyn and Chihong have also agreed to procure the maximum amount of debt financing commercially available from Chinese banks to push the project into commercial production.
“We are very pleased to have Chihong, an experienced and accomplished fully integrated zinc-lead mining and smelting company, as our strategic partner that shares our vision of the Selwyn Project becoming the next major zinc-lead mine in the world,” said Harlan Meade, president and chief executive officer of Selwyn.
Chihong said the Selwn project had a lot of potential and could bring “significant growth” to both companies.
“The signing of the framework agreement is an important first step for the co-operation between the two companies. With joint efforts, the two parties will strive for the best outcome for the Selwyn Project,” said Ying Dong, Chihong's chairman.
The transaction, which has been approved by boards of both companies, is expected to close by May, 2010.
Chihong is a lead and zinc producer with several mines in China. It is listed on the Shanghai Stock Exchange and has about $1-billion in total assets.
Vancouver-based Selwyn is a junior resource company focused on exploration for base metals in the Americas.
Agrees to deal to help finance key project in the Yukon
Vancouver — The Canadian Press
Published on Tuesday, Dec. 15, 2009 7:37AM EST
Last updated on Tuesday, Dec. 15, 2009 7:39AM EST
Selwyn Resources Ltd. (SWN-X0.21----%) has agreed to form a joint venture company with a Chinese zinc and lead producer to finance a key project in the Yukon.
Selwyn said late Monday it would make up half of a joint venture company with Yunnan Chihong Zinc & Germanium Co. Ltd. to advance its flagship Selwyn project to bankable feasibility and production if warranted.
The Selwyn project in eastern Yukon is one of the largest undeveloped zinc and lead resources in the world.
Under the terms of the agreement, Selwyn will transfer its mineral and other assets associated with the project to a new joint venture company. It will then hold half of the new company with Chihong holding the other 50 per cent.
In addition, Chihong will deposit $100-million cash to fund the new company's programs.
Selwyn and Chihong have also agreed to procure the maximum amount of debt financing commercially available from Chinese banks to push the project into commercial production.
“We are very pleased to have Chihong, an experienced and accomplished fully integrated zinc-lead mining and smelting company, as our strategic partner that shares our vision of the Selwyn Project becoming the next major zinc-lead mine in the world,” said Harlan Meade, president and chief executive officer of Selwyn.
Chihong said the Selwn project had a lot of potential and could bring “significant growth” to both companies.
“The signing of the framework agreement is an important first step for the co-operation between the two companies. With joint efforts, the two parties will strive for the best outcome for the Selwyn Project,” said Ying Dong, Chihong's chairman.
The transaction, which has been approved by boards of both companies, is expected to close by May, 2010.
Chihong is a lead and zinc producer with several mines in China. It is listed on the Shanghai Stock Exchange and has about $1-billion in total assets.
Vancouver-based Selwyn is a junior resource company focused on exploration for base metals in the Americas.
genau wie ich auch...
:-)
nun runde 2 Jahre ......oder was länger schon....Kurs 45ct damals....
machen wir halt noch zwei weitere......
aus 800,-€ sinds nun 200,-€
muß schon mal was passieren.....
:-)
:-)
nun runde 2 Jahre ......oder was länger schon....Kurs 45ct damals....
machen wir halt noch zwei weitere......
aus 800,-€ sinds nun 200,-€
muß schon mal was passieren.....
:-)
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
bin ich. Aber mit großem Verlust. Ich hatte über 40.000 Stück...
Hier die Antwort aus StckHouse.ca
VANCOUVER, BRITISH COLUMBIA, Jun 02, 2010 (MARKETWIRE via COMTEX News Network) --
Selwyn Resources Ltd. (TSX VENTURE: SWN) ("Selwyn") is pleased to inform investors that it has commenced the 2010 exploration, permitting, engineering and development program at Selwyn Project. The Company also notes that it has reached agreement on and signed the key contracts with Yunnan Chihong Zinc & Germanium Co. Ltd. ("Chihong") related to the joint venture transaction initially announced December 14, 2009. Chihong will acquire a 50% interest in a joint venture to be formed for the Selwyn Project by making an investment of CDN$100,000,000 (see December 14, 2009 and March 2, 2010, news releases) (the "Transaction"). Chihong has informed Selwyn that it expects to complete the remaining regulatory approvals, transfer of funds and the close of the Transaction around mid-August 2010.
Selwyn has re-opened the camp and expects to start geotechnical and exploration drilling shortly. The geotechnical drilling will confirm conditions for the preferred tailings facility sites and is part of extensive additional engineering work required to complete a Project Report for submission to the Yukon Environmental and Socioeconomic Assessment Board.
Exploration drilling will start with infill drilling of the XY Central Deposit to upgrade Inferred mineral resources to the Indicated category for use in the bankable feasibility study being prepared by Wardrop Engineering (see January 5, 2010 news release). Later in the program, additional infill and exploratory drilling will be undertaken on Don Deposit and its extensions. The drilling is to confirm a mineral resource base adequate to support the mining of 5,000 tpd from XY Central deposit and 3,000 tpd from the Don deposit as the base case for the Wardrop feasibility study.
The Yukon Water Board continues to review Selwyn's application for a Type B Water Licence which is required to undertake initial underground development and test mining in the XY Central deposit.
Chihong Transaction Highlights:
VANCOUVER, BRITISH COLUMBIA, Jun 02, 2010 (MARKETWIRE via COMTEX News Network) --
Selwyn Resources Ltd. (TSX VENTURE: SWN) ("Selwyn") is pleased to inform investors that it has commenced the 2010 exploration, permitting, engineering and development program at Selwyn Project. The Company also notes that it has reached agreement on and signed the key contracts with Yunnan Chihong Zinc & Germanium Co. Ltd. ("Chihong") related to the joint venture transaction initially announced December 14, 2009. Chihong will acquire a 50% interest in a joint venture to be formed for the Selwyn Project by making an investment of CDN$100,000,000 (see December 14, 2009 and March 2, 2010, news releases) (the "Transaction"). Chihong has informed Selwyn that it expects to complete the remaining regulatory approvals, transfer of funds and the close of the Transaction around mid-August 2010.
Selwyn has re-opened the camp and expects to start geotechnical and exploration drilling shortly. The geotechnical drilling will confirm conditions for the preferred tailings facility sites and is part of extensive additional engineering work required to complete a Project Report for submission to the Yukon Environmental and Socioeconomic Assessment Board.
Exploration drilling will start with infill drilling of the XY Central Deposit to upgrade Inferred mineral resources to the Indicated category for use in the bankable feasibility study being prepared by Wardrop Engineering (see January 5, 2010 news release). Later in the program, additional infill and exploratory drilling will be undertaken on Don Deposit and its extensions. The drilling is to confirm a mineral resource base adequate to support the mining of 5,000 tpd from XY Central deposit and 3,000 tpd from the Don deposit as the base case for the Wardrop feasibility study.
The Yukon Water Board continues to review Selwyn's application for a Type B Water Licence which is required to undertake initial underground development and test mining in the XY Central deposit.
Chihong Transaction Highlights:
Und hier ist die klasse Nachricht auf die wir gewartet haben. Hpffentlich kommt die Zahlung der Chinesen in August auch rüber. Wenn ich an Cardero denke...
VANCOUVER, British Columbia, 2. Juni 2010 (Marketwire via COMTEX News Network) -
Selwyn Resources Ltd (TSX VENTURE: SWN) ("Selwyn") ist erfreut die Anleger, dass es im Jahr 2010 begonnen hat Erforschung, Zulassung, Ingenieur-und Entwicklungsprogramm zur Selwyn Projekt zu informieren. Das Unternehmen stellt außerdem fest, dass es eine Einigung über den Schlüssel und unterzeichnet Verträge mit Yunnan Zinc & Germanium Chihong Co. Ltd ("Chihong") im Zusammenhang mit dem Joint-Venture-Transaktion zunächst angekündigt, 14. Dezember 2009. Chihong erwirbt eine 50% ige Beteiligung an einem Joint Venture für den Selwyn Projekt, indem sie eine Investition von EUR 100.000.000 $ gebildet werden (siehe 14. Dezember 2009 und 2. März 2010, Pressemitteilungen) (die "Transaktion"). Chihong Selwyn hat mitgeteilt, dass er die restlichen behördlichen Genehmigungen abgeschlossen, Transfer von Geldern und dem Abschluss der Transaktion etwa Mitte August 2010 erwartet.
Selwyn hat wieder geöffnet und das Lager erwartet, geotechnische und Explorationsbohrungen in Kürze beginnen. Die geotechnischen Bohrungen bestätigen die Bedingungen für den bevorzugten Standorten und Tailings-Anlage ist Teil der umfangreichen zusätzlichen Engineering-Arbeiten erforderlich, um ein Projekt-Bericht zur Vorlage an den Yukon ökologischen und sozioökonomischen Assessment Board abzuschließen.
Explorationsbohrungen werden mit Infill-Bohrungen des XY-Central-Lagerstätte beginnen Inferred Mineralressourcen der angegebenen Kategorie-Upgrade für den Einsatz in der bankfähigen Machbarkeitsstudie durch Wardrop Engineering erstellt (siehe 5. Januar 2010 Pressemitteilung). Später im Programm, zusätzliche Infill-und Erkundungsbohrungen auf Kaution Don und seine Erweiterungen vorgenommen werden. Die Bohrung ist ein Mineral Ressourcenbasis angemessene bestätigen, um den Abbau von 5000 aus XY Central-Lagerstätte tpd Unterstützung und 3.000 aus der Lagerstätte Don tpd als Basis für den Fall Wardrop Machbarkeitsstudie.
Der Yukon Water Board weiterhin Selwyn Antrag auf eine Typ-B-Lizenz Wasser, das sich für erste unterirdische Entwicklung und Test Bergbau in der XY-Central-Lagerstätte ist verpflichtet zu überprüfen.
VANCOUVER, British Columbia, 2. Juni 2010 (Marketwire via COMTEX News Network) -
Selwyn Resources Ltd (TSX VENTURE: SWN) ("Selwyn") ist erfreut die Anleger, dass es im Jahr 2010 begonnen hat Erforschung, Zulassung, Ingenieur-und Entwicklungsprogramm zur Selwyn Projekt zu informieren. Das Unternehmen stellt außerdem fest, dass es eine Einigung über den Schlüssel und unterzeichnet Verträge mit Yunnan Zinc & Germanium Chihong Co. Ltd ("Chihong") im Zusammenhang mit dem Joint-Venture-Transaktion zunächst angekündigt, 14. Dezember 2009. Chihong erwirbt eine 50% ige Beteiligung an einem Joint Venture für den Selwyn Projekt, indem sie eine Investition von EUR 100.000.000 $ gebildet werden (siehe 14. Dezember 2009 und 2. März 2010, Pressemitteilungen) (die "Transaktion"). Chihong Selwyn hat mitgeteilt, dass er die restlichen behördlichen Genehmigungen abgeschlossen, Transfer von Geldern und dem Abschluss der Transaktion etwa Mitte August 2010 erwartet.
Selwyn hat wieder geöffnet und das Lager erwartet, geotechnische und Explorationsbohrungen in Kürze beginnen. Die geotechnischen Bohrungen bestätigen die Bedingungen für den bevorzugten Standorten und Tailings-Anlage ist Teil der umfangreichen zusätzlichen Engineering-Arbeiten erforderlich, um ein Projekt-Bericht zur Vorlage an den Yukon ökologischen und sozioökonomischen Assessment Board abzuschließen.
Explorationsbohrungen werden mit Infill-Bohrungen des XY-Central-Lagerstätte beginnen Inferred Mineralressourcen der angegebenen Kategorie-Upgrade für den Einsatz in der bankfähigen Machbarkeitsstudie durch Wardrop Engineering erstellt (siehe 5. Januar 2010 Pressemitteilung). Später im Programm, zusätzliche Infill-und Erkundungsbohrungen auf Kaution Don und seine Erweiterungen vorgenommen werden. Die Bohrung ist ein Mineral Ressourcenbasis angemessene bestätigen, um den Abbau von 5000 aus XY Central-Lagerstätte tpd Unterstützung und 3.000 aus der Lagerstätte Don tpd als Basis für den Fall Wardrop Machbarkeitsstudie.
Der Yukon Water Board weiterhin Selwyn Antrag auf eine Typ-B-Lizenz Wasser, das sich für erste unterirdische Entwicklung und Test Bergbau in der XY-Central-Lagerstätte ist verpflichtet zu überprüfen.
VANCOUVER, BRITISH COLUMBIA, Aug 18, 2010 (MARKETWIRE via COMTEX News Network) --
Selwyn Resources Ltd. (TSX VENTURE: SWN) ("Selwyn" or the "Company") announces that it has closed the CDN$100 million joint venture transaction ("the Transaction") with Chihong Canada Mining Ltd. ("Chihong"), an indirect wholly owned subsidiary of Chihong Zinc & Germanium Co. Ltd., a Chinese company. The details of this Transaction were previously announced on December 14, 2009 and March 2, 2010.
Pursuant to the Transaction:
1. Selwyn and Chihong incorporated Selwyn Chihong Mining Ltd. ("JVCO"), owned 50/50% by Selwyn and Chihong, to be the operator of the Joint Venture.2. CDN$100 million was deposited by Chihong into a JVCO bank account in Canada. These funds will be used to pay for pre-development programs of the Joint Venture. Chihong will earn a 1% interest in the Joint Venture for each CDN$2 million of the funds spent.3. Selwyn has transferred all Selwyn Project claims, equipment, permits and licenses to JVCO to be held by it as trustee for Selwyn and Chihong in accordance with their interests in the Joint Venture.4. CDN$5,078,509 is to be reimbursed to Selwyn as the first tranche of the reimbursement of Selwyn Project expenditures incurred by Selwyn since July 1, 2009. A second reimbursement tranche, expected to be approximately CDN$6 million, will be made following a routine audit of eligible expenditures.5. The Joint Venture management committee has approved in principle a pre- development program budget totalling CDN$89 million for 2010 and 2011. These expenditures will be directed to advancement of permitting, completion of the Wardrop Engineering Feasibility Study, and related engineering and resource definition drilling from both surface and underground.6. The Transaction agreement provides for Chihong, together with Selwyn, to use all commercially reasonable measures to bring the Selwyn Project into commercial production as soon as possible after the Closing. The Agreement also provides for Chihong's technical assistance to the Selwyn Project for the preparation of a feasibility study sufficient to meet the needs of Chinese banks. These banks will be approached to provide a senior project debt facility for the entire project, with a view to maximizing the portion of debt financing.
Chihong Zinc & Germanium Co. Ltd. is controlled by China Yunnan Metallurgical Group ("CYMCO"), a Chinese State Owned Enterprise based in Kunming, China. Chihong owns and operates several zinc-lead mines in Yunnan province and a fully integrated zinc and lead metallurgical facility in Qujing, Yunnan. This facility produces refined zinc, lead and germanium, sulphuric acid and other products. Chihong Zinc & Germanium Co. Ltd is listed on the Shanghai Stock Exchange.
Dr. Harlan Meade, President and CEO of Selwyn, remarked: "The closing of this Transaction, providing major funding and securing a strong joint venture partner, is a major milestone in the advancement of the Selwyn Project towards production. Selwyn is very pleased to have Chihong as our new strategic partner. Chihong is an experienced and accomplished fully integrated zinc-lead mining and smelting company - one that shares our vision of the Selwyn Project becoming a major new zinc-lead mining operation."
Mr. Jin Chen, General Manager of Chihong states, "Chihong looks forward to working together with Selwyn in building the Selwyn Project into a world class lead and zinc mine."
JVCO management consists of Dr. Harlan Meade, CEO; Dr. Yun Lei, Executive VP; and Mr. David Li as CFO. Along with Dr. Meade, other Selwyn senior management being seconded to JVCO are Bob McKnight, VP Business Development, Jason Dunning, VP Exploration and Justin Himmelright, VP Environment and Community Affairs. The Directors and Management of JVCO look forward to working closely with governments, communities and First Nations in advancing the Selwyn Project, and realizing significant economic and social benefits from mine and infrastructure development in a responsible and constructive manner.
Included in the Closing documents are 2010 and 2011 pre-development programs totaling approximately CDN$89M. The 2010 program that commenced in June aggregates CDN$33M. The planned 2010 expenditures consist of approximately CDN$18M in definition drilling (28,000 metres) to upgrade mineral resources in the XY Central, XY West and Don zones for inclusion in the Bankable Feasibility study being prepared by Wardrop Engineering Ltd. (see January 5, 2010 news release) and support costs. Surface drilling is planned to continue into early 2011. Approximately, CDN$8.6M for environmental and permitting, CDN$1.7M in engineering, CDN$1.5M in property payments, CDN$1.1M in general and administrative and a contingency of CDN$2.1M comprise the remaining planned 2010 expenditures.
JVCO intends to undertake initial underground development and advanced exploration on the NI 43-101 compliant mineral resources of the deeper parts of the XY Central deposit in early 2011. This work will further support the upgrading of Inferred resources to both Measured and Indicated categories. The underground development will also provide an exceptional platform for the exploration of the core of the synclinal structure that hosts the high-grade mineralization. These areas of high mineral potential are more easily tested from an underground drill platform. In addition, it is anticipated that surface diamond drilling will resume on the Don deposit to allow for upgrading of Inferred resources to both Measured and Indicated categories in the NI 43-101 compliant mineral resources. The 2010 program also includes extensive environmental and engineering work to support permitting activity. Field activity commenced in May, with two diamond drills currently undertaking definition drilling. With closing of the Transaction diamond drilling will ramp up to 6 surface diamond drills.
Selwyn and its predecessors have spent more than CDN$100M, in current dollars, on the exploration and development of the Selwyn Project. Drilling has defined 15 mineralized zones over 38 kilometres of the known mineralized trend. NI 43-101 compliant mineral resources include Indicated resources of 154.35M tonnes grading 5.35% zinc and 1.86% lead containing 18.19 billion pounds of zinc and 6.32 billion pounds of lead; and Inferred resources of 234.15M tonnes grading 4.57% zinc and 1.42% lead containing 23.57 billion pounds of zinc and 7.32 billion pounds of lead. Included in the global mineral resources is high grade mineralization with an Indicated resource of 16.06M tonnes grading 10.25% zinc and 4.23% lead, and an Inferred resource of 26.70M tonnes grading 8.71% zinc and 2.75% lead. These high grade mineral resources are the initial focus of mine development and feasibility study. The updated mineral resource estimate was prepared by Non-Independent Qualified Person John J. O'Donnell, P.Geo., the onsite Qualified Person for Selwyn (see February 26, 2009 news release). Mr. Jason Dunning, P.Geo., also a Non-Independent Qualified Person, has reviewed the updated mineral resource and approved the technical information in this news release.
The Selwyn Project represents one of the largest undeveloped resources of zinc and lead in the world and its unique location in the politically-attractive and stable jurisdiction of the Yukon. It is therefore both an exceptional development opportunity and a strategic asset that could provide a long term secure supply of zinc and lead to the Pacific Margin.
Selwyn was represented on the Transaction by Lang Michener LLP from Vancouver, British Columbia. Lang Michener's lead lawyer on the file was G. Barry Finlayson (partner) who was assisted on the closing of the Transaction by Lance Bredeson (associate).
This news release contains forward-looking statements concerning the Transaction with Chihong, and the future financing and development of the Selwyn Project. These statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration, failure to upgrade Inferred resources and other risk factors related to mining activities that are beyond Selwyn's control. There can be no assurance that such forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release).
Contacts: Selwyn Resources Ltd. Dr. Harlan Meade, President and CEO (604) 801-7240, Ext. 7241 or Toll-free: 1-888-989-9188 International toll-free: 1-800-7581-2133 (604) 689-8355 (FAX) info@selwynresources.com www.selwynresources.com
Selwyn Resources Ltd. (TSX VENTURE: SWN) ("Selwyn" or the "Company") announces that it has closed the CDN$100 million joint venture transaction ("the Transaction") with Chihong Canada Mining Ltd. ("Chihong"), an indirect wholly owned subsidiary of Chihong Zinc & Germanium Co. Ltd., a Chinese company. The details of this Transaction were previously announced on December 14, 2009 and March 2, 2010.
Pursuant to the Transaction:
1. Selwyn and Chihong incorporated Selwyn Chihong Mining Ltd. ("JVCO"), owned 50/50% by Selwyn and Chihong, to be the operator of the Joint Venture.2. CDN$100 million was deposited by Chihong into a JVCO bank account in Canada. These funds will be used to pay for pre-development programs of the Joint Venture. Chihong will earn a 1% interest in the Joint Venture for each CDN$2 million of the funds spent.3. Selwyn has transferred all Selwyn Project claims, equipment, permits and licenses to JVCO to be held by it as trustee for Selwyn and Chihong in accordance with their interests in the Joint Venture.4. CDN$5,078,509 is to be reimbursed to Selwyn as the first tranche of the reimbursement of Selwyn Project expenditures incurred by Selwyn since July 1, 2009. A second reimbursement tranche, expected to be approximately CDN$6 million, will be made following a routine audit of eligible expenditures.5. The Joint Venture management committee has approved in principle a pre- development program budget totalling CDN$89 million for 2010 and 2011. These expenditures will be directed to advancement of permitting, completion of the Wardrop Engineering Feasibility Study, and related engineering and resource definition drilling from both surface and underground.6. The Transaction agreement provides for Chihong, together with Selwyn, to use all commercially reasonable measures to bring the Selwyn Project into commercial production as soon as possible after the Closing. The Agreement also provides for Chihong's technical assistance to the Selwyn Project for the preparation of a feasibility study sufficient to meet the needs of Chinese banks. These banks will be approached to provide a senior project debt facility for the entire project, with a view to maximizing the portion of debt financing.
Chihong Zinc & Germanium Co. Ltd. is controlled by China Yunnan Metallurgical Group ("CYMCO"), a Chinese State Owned Enterprise based in Kunming, China. Chihong owns and operates several zinc-lead mines in Yunnan province and a fully integrated zinc and lead metallurgical facility in Qujing, Yunnan. This facility produces refined zinc, lead and germanium, sulphuric acid and other products. Chihong Zinc & Germanium Co. Ltd is listed on the Shanghai Stock Exchange.
Dr. Harlan Meade, President and CEO of Selwyn, remarked: "The closing of this Transaction, providing major funding and securing a strong joint venture partner, is a major milestone in the advancement of the Selwyn Project towards production. Selwyn is very pleased to have Chihong as our new strategic partner. Chihong is an experienced and accomplished fully integrated zinc-lead mining and smelting company - one that shares our vision of the Selwyn Project becoming a major new zinc-lead mining operation."
Mr. Jin Chen, General Manager of Chihong states, "Chihong looks forward to working together with Selwyn in building the Selwyn Project into a world class lead and zinc mine."
JVCO management consists of Dr. Harlan Meade, CEO; Dr. Yun Lei, Executive VP; and Mr. David Li as CFO. Along with Dr. Meade, other Selwyn senior management being seconded to JVCO are Bob McKnight, VP Business Development, Jason Dunning, VP Exploration and Justin Himmelright, VP Environment and Community Affairs. The Directors and Management of JVCO look forward to working closely with governments, communities and First Nations in advancing the Selwyn Project, and realizing significant economic and social benefits from mine and infrastructure development in a responsible and constructive manner.
Included in the Closing documents are 2010 and 2011 pre-development programs totaling approximately CDN$89M. The 2010 program that commenced in June aggregates CDN$33M. The planned 2010 expenditures consist of approximately CDN$18M in definition drilling (28,000 metres) to upgrade mineral resources in the XY Central, XY West and Don zones for inclusion in the Bankable Feasibility study being prepared by Wardrop Engineering Ltd. (see January 5, 2010 news release) and support costs. Surface drilling is planned to continue into early 2011. Approximately, CDN$8.6M for environmental and permitting, CDN$1.7M in engineering, CDN$1.5M in property payments, CDN$1.1M in general and administrative and a contingency of CDN$2.1M comprise the remaining planned 2010 expenditures.
JVCO intends to undertake initial underground development and advanced exploration on the NI 43-101 compliant mineral resources of the deeper parts of the XY Central deposit in early 2011. This work will further support the upgrading of Inferred resources to both Measured and Indicated categories. The underground development will also provide an exceptional platform for the exploration of the core of the synclinal structure that hosts the high-grade mineralization. These areas of high mineral potential are more easily tested from an underground drill platform. In addition, it is anticipated that surface diamond drilling will resume on the Don deposit to allow for upgrading of Inferred resources to both Measured and Indicated categories in the NI 43-101 compliant mineral resources. The 2010 program also includes extensive environmental and engineering work to support permitting activity. Field activity commenced in May, with two diamond drills currently undertaking definition drilling. With closing of the Transaction diamond drilling will ramp up to 6 surface diamond drills.
Selwyn and its predecessors have spent more than CDN$100M, in current dollars, on the exploration and development of the Selwyn Project. Drilling has defined 15 mineralized zones over 38 kilometres of the known mineralized trend. NI 43-101 compliant mineral resources include Indicated resources of 154.35M tonnes grading 5.35% zinc and 1.86% lead containing 18.19 billion pounds of zinc and 6.32 billion pounds of lead; and Inferred resources of 234.15M tonnes grading 4.57% zinc and 1.42% lead containing 23.57 billion pounds of zinc and 7.32 billion pounds of lead. Included in the global mineral resources is high grade mineralization with an Indicated resource of 16.06M tonnes grading 10.25% zinc and 4.23% lead, and an Inferred resource of 26.70M tonnes grading 8.71% zinc and 2.75% lead. These high grade mineral resources are the initial focus of mine development and feasibility study. The updated mineral resource estimate was prepared by Non-Independent Qualified Person John J. O'Donnell, P.Geo., the onsite Qualified Person for Selwyn (see February 26, 2009 news release). Mr. Jason Dunning, P.Geo., also a Non-Independent Qualified Person, has reviewed the updated mineral resource and approved the technical information in this news release.
The Selwyn Project represents one of the largest undeveloped resources of zinc and lead in the world and its unique location in the politically-attractive and stable jurisdiction of the Yukon. It is therefore both an exceptional development opportunity and a strategic asset that could provide a long term secure supply of zinc and lead to the Pacific Margin.
Selwyn was represented on the Transaction by Lang Michener LLP from Vancouver, British Columbia. Lang Michener's lead lawyer on the file was G. Barry Finlayson (partner) who was assisted on the closing of the Transaction by Lance Bredeson (associate).
This news release contains forward-looking statements concerning the Transaction with Chihong, and the future financing and development of the Selwyn Project. These statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration, failure to upgrade Inferred resources and other risk factors related to mining activities that are beyond Selwyn's control. There can be no assurance that such forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release).
Contacts: Selwyn Resources Ltd. Dr. Harlan Meade, President and CEO (604) 801-7240, Ext. 7241 or Toll-free: 1-888-989-9188 International toll-free: 1-800-7581-2133 (604) 689-8355 (FAX) info@selwynresources.com www.selwynresources.com
Update on Drilling Activities at Selwyn Project
10/25/2010 8:59:56 AM - Market Wire
VANCOUVER, BRITISH COLUMBIA, Oct 25, 2010 (MARKETWIRE via COMTEX News Network) --
Selwyn Resources Ltd. (TSX VENTURE: SWN) is pleased to update investors on the status of the exploration program at Selwyn Project being undertaken in support of the bankable feasibility study set for completion in mid-2011. To date, 48 drill holes have been completed with 5 in progress for a total of 13,685.54 metres. The majority of the drilling is designed to upgrade the confidence of the NI 43-101 compliant, Inferred mineral resources in the XY Central, XY West and Don deposits into the Indicated category for use in the ongoing bankable feasibility study. A minor portion of the drilling was allocated to condemnation drilling in the vicinity of infrastructure to determine mineral potential, prior to the commencement of engineering assessment. The location of the new drill holes can be found on drill plan maps available at www.selwynresources.com.
XY Central Drilling
The 2010 definition drilling of the high-grade mineral resource of the XY Central deposit began in early June with one drill rig and has been the focus of exploration work to this point with up to five drill rigs working in August. Work on the XY Central deposit is nearly complete with three drill rigs still active; noting that work should be complete by end of October. A total of 14,500 metres are planned for the conversion of Inferred mineral resources, as stated in the February 2009 NI 43-101 compliant underground high-grade mineral resource estimate. The February 2009 mineral resource estimate was supervised by Non-Independent Qualified Person, John J. O'Donnell, P.Geo. and yielded an Indicated mineral resource in the high-grade underground XY Central deposit of 10,738,000 tonnes grading 10.38% zinc and 4.41% lead and an Inferred mineral resource of 2,849,000 tonnes grading 10.86% zinc and 4.41% lead (see February 26, 2009 news release).
To date, 37 diamond drill holes have been completed in the high-grade underground mineral resource of the XY Central deposit for a total of 11,495.2 metres, with three drill holes in progress for an additional 252.0 metres. This drilling has confirmed Selwyn's 3D geological and mineral resource models. The drill holes have been marked up for sampling and the collection of samples bound for the laboratories; however, it should be noted that the drill holes were being held pending completion of a detailed geotechnical data collection process for rock mechanics at a commercial laboratory. This portion of the rock mechanics work program is now completed and mineralized intervals are being prepared for submittal to the laboratory for assaying. Results of this drilling will be reported when assays have been received and reviewed under Selwyn's internal QAQC procedures and protocols.
XY West Drilling
The XY West deposit was discovered in 2008 (see September 9, 2008 news release). Following drill testing of the newly discovered mineralization, a NI 43-101 compliant mineral resource estimated to contain an Inferred mineral resource of 1,910,000 tonnes grading 7.70% zinc and 2.45% (see February 26, 2009 news release) was determined. The NI-43-101 compliant Inferred mineral resource was reported by Non-Independent Qualified Person John. J. O'Donnell, P.Geo, for the Selwyn Project.
In recent drilling, 4 diamond drill holes have been completed in the high-grade underground mineral resource of the XY West deposit for a total of 1,609.3 metres with two drill holes in progress for an additional 866.8 metres. A third drill rig will be added next week to advance definition drilling. The detailed, 3D model is being updated as drill holes are being completed. Although drilling is providing very positive results, it has indicated some minor changes to the deposit and its orientation that may require additional drilling to firm up the geological and structural framework and the possible structural repetition of mineralized lenses. This stacking of mineralized lenses can be extremely beneficial as it can increase the potential for more available tonnes of mineralization per vertical foot in any future mine plan.
There still remains a largely untested gap of 650 metres between the high-grade underground NI 43-101 compliant mineral resource of XY West and the adjacent, and much larger, XY Central deposit to the southeast. This project opportunity is not part of the current definition drilling program; however, can be easily assessed when Selwyn Project expands drilling in the future.
Other
Condemnation drilling was done in the vicinity of the proposed options for tailings impoundment facilities and mill sites to ensure that their positioning would not sterilize any exploration opportunities for future discoveries. In advance of the drilling, both resistivity and seismic geophysical techniques were employed to gain a better understanding of the glacial overburden depths and interface with the bedrock. This information was extremely useful in targeting drill holes. Geotechnical work at these locations resulted in 9 drill holes totalling 900.0 metres at three sites. In all cases, drilling results identified footwall rocks of the known deposits at Selwyn Project that are deemed to be unfavourable to host zinc-lead mineralization.
The Selwyn Project exploration program is being reviewed by Vice President Exploration, Mr. Jason Dunning, M.Sc., P.Geo., who is also managing the onsite activities for the Selwyn Project. Mr. Dunning is a Qualified Person within the meaning of National Instrument 43-101. Selwyn has established a sampling and assay quality control and quality assurance program with blind insertion of assay blanks, standards and duplicates. ACME Analytical Laboratories Ltd. ("ACME") also has a quality control and assurance program that includes blanks, duplicates and standards. At ACME, base metal analyzes are conducted by a 23-element, four-acid digestion, ore-grade ICP-AES technique.
Selwyn's focus is the exploration and development of its properties that make up the Selwyn Project in the Yukon, which hosts large tonnages of zinc-lead mineralization. The known deposits have the potential for large scale production, and the potential to provide a secure supply of zinc and lead to meet the future needs of the zinc and lead markets in Asia and beyond.
This press release contains forward-looking statements concerning mineralization at the Selwyn Project. These forward-looking statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of geological variability and other risk factors beyond Selwyn's control. As a result, actual results may differ materially from the expected results. Additional drilling is required to confirm the potential of the new discovery areas and expansions of the current resource areas and the extension of the higher grade deep mineralization to depth. There is no assurance that such additional drilling will expand mineral resources or that the resources being defined can be developed as an economically attractive mine, and there are many uncertainties associated with permitting and other factors that could delay such development.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Der Link davon
www.stockhouse.com/tools/...ymbol%3DV%2ESWN%26newsid%3D7919999
10/25/2010 8:59:56 AM - Market Wire
VANCOUVER, BRITISH COLUMBIA, Oct 25, 2010 (MARKETWIRE via COMTEX News Network) --
Selwyn Resources Ltd. (TSX VENTURE: SWN) is pleased to update investors on the status of the exploration program at Selwyn Project being undertaken in support of the bankable feasibility study set for completion in mid-2011. To date, 48 drill holes have been completed with 5 in progress for a total of 13,685.54 metres. The majority of the drilling is designed to upgrade the confidence of the NI 43-101 compliant, Inferred mineral resources in the XY Central, XY West and Don deposits into the Indicated category for use in the ongoing bankable feasibility study. A minor portion of the drilling was allocated to condemnation drilling in the vicinity of infrastructure to determine mineral potential, prior to the commencement of engineering assessment. The location of the new drill holes can be found on drill plan maps available at www.selwynresources.com.
XY Central Drilling
The 2010 definition drilling of the high-grade mineral resource of the XY Central deposit began in early June with one drill rig and has been the focus of exploration work to this point with up to five drill rigs working in August. Work on the XY Central deposit is nearly complete with three drill rigs still active; noting that work should be complete by end of October. A total of 14,500 metres are planned for the conversion of Inferred mineral resources, as stated in the February 2009 NI 43-101 compliant underground high-grade mineral resource estimate. The February 2009 mineral resource estimate was supervised by Non-Independent Qualified Person, John J. O'Donnell, P.Geo. and yielded an Indicated mineral resource in the high-grade underground XY Central deposit of 10,738,000 tonnes grading 10.38% zinc and 4.41% lead and an Inferred mineral resource of 2,849,000 tonnes grading 10.86% zinc and 4.41% lead (see February 26, 2009 news release).
To date, 37 diamond drill holes have been completed in the high-grade underground mineral resource of the XY Central deposit for a total of 11,495.2 metres, with three drill holes in progress for an additional 252.0 metres. This drilling has confirmed Selwyn's 3D geological and mineral resource models. The drill holes have been marked up for sampling and the collection of samples bound for the laboratories; however, it should be noted that the drill holes were being held pending completion of a detailed geotechnical data collection process for rock mechanics at a commercial laboratory. This portion of the rock mechanics work program is now completed and mineralized intervals are being prepared for submittal to the laboratory for assaying. Results of this drilling will be reported when assays have been received and reviewed under Selwyn's internal QAQC procedures and protocols.
XY West Drilling
The XY West deposit was discovered in 2008 (see September 9, 2008 news release). Following drill testing of the newly discovered mineralization, a NI 43-101 compliant mineral resource estimated to contain an Inferred mineral resource of 1,910,000 tonnes grading 7.70% zinc and 2.45% (see February 26, 2009 news release) was determined. The NI-43-101 compliant Inferred mineral resource was reported by Non-Independent Qualified Person John. J. O'Donnell, P.Geo, for the Selwyn Project.
In recent drilling, 4 diamond drill holes have been completed in the high-grade underground mineral resource of the XY West deposit for a total of 1,609.3 metres with two drill holes in progress for an additional 866.8 metres. A third drill rig will be added next week to advance definition drilling. The detailed, 3D model is being updated as drill holes are being completed. Although drilling is providing very positive results, it has indicated some minor changes to the deposit and its orientation that may require additional drilling to firm up the geological and structural framework and the possible structural repetition of mineralized lenses. This stacking of mineralized lenses can be extremely beneficial as it can increase the potential for more available tonnes of mineralization per vertical foot in any future mine plan.
There still remains a largely untested gap of 650 metres between the high-grade underground NI 43-101 compliant mineral resource of XY West and the adjacent, and much larger, XY Central deposit to the southeast. This project opportunity is not part of the current definition drilling program; however, can be easily assessed when Selwyn Project expands drilling in the future.
Other
Condemnation drilling was done in the vicinity of the proposed options for tailings impoundment facilities and mill sites to ensure that their positioning would not sterilize any exploration opportunities for future discoveries. In advance of the drilling, both resistivity and seismic geophysical techniques were employed to gain a better understanding of the glacial overburden depths and interface with the bedrock. This information was extremely useful in targeting drill holes. Geotechnical work at these locations resulted in 9 drill holes totalling 900.0 metres at three sites. In all cases, drilling results identified footwall rocks of the known deposits at Selwyn Project that are deemed to be unfavourable to host zinc-lead mineralization.
The Selwyn Project exploration program is being reviewed by Vice President Exploration, Mr. Jason Dunning, M.Sc., P.Geo., who is also managing the onsite activities for the Selwyn Project. Mr. Dunning is a Qualified Person within the meaning of National Instrument 43-101. Selwyn has established a sampling and assay quality control and quality assurance program with blind insertion of assay blanks, standards and duplicates. ACME Analytical Laboratories Ltd. ("ACME") also has a quality control and assurance program that includes blanks, duplicates and standards. At ACME, base metal analyzes are conducted by a 23-element, four-acid digestion, ore-grade ICP-AES technique.
Selwyn's focus is the exploration and development of its properties that make up the Selwyn Project in the Yukon, which hosts large tonnages of zinc-lead mineralization. The known deposits have the potential for large scale production, and the potential to provide a secure supply of zinc and lead to meet the future needs of the zinc and lead markets in Asia and beyond.
This press release contains forward-looking statements concerning mineralization at the Selwyn Project. These forward-looking statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of geological variability and other risk factors beyond Selwyn's control. As a result, actual results may differ materially from the expected results. Additional drilling is required to confirm the potential of the new discovery areas and expansions of the current resource areas and the extension of the higher grade deep mineralization to depth. There is no assurance that such additional drilling will expand mineral resources or that the resources being defined can be developed as an economically attractive mine, and there are many uncertainties associated with permitting and other factors that could delay such development.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Der Link davon
www.stockhouse.com/tools/...ymbol%3DV%2ESWN%26newsid%3D7919999
Selwyn kündigt Erstattung von CAD $ 7.44M von Selwyn Chihong
Selwyn Resources Ltd (TSX: SWN)
Intraday Chart
Heute: Freitag 12 November 2010
Click Here for more Selwyn Resources Ltd. Charts.
Selwyn Resources Ltd (TSX VENTURE: SWN) ("Selwyn") ist erfreut bekanntzugeben, dass Selwyn Chihong Mining Ltd ("SCML") zurückgezahlt hat Selwyn CAD $ 7.440.000 für die zweite Tranche von Selwyn Projekt pre-Entwicklungsprogramm, die angefallen sind zwischen 1. Mai und 18. August 2010. Selwyn erhielt ein Aggregat CAD $ 12.520.000 für das Projekt Ausgaben nach 1. Juli 2009. Mit Erhalt dieser Gelder hat Selwyn CAD $ 9.800.000 im Working Capital um ihre laufenden Geschäfts-und Verwaltungskosten und keine Schulden zu finanzieren.
Die laufende Exploration und Entwicklung des Selwyn-Projekt wird durch das Joint Venture finanziert werden. Die neu gebildete Selwyn Chihong Mining Ltd Joint Venture ist die Durchführung der approximierten CAD $ 89.000.000 Explorations-und Entwicklungsprogramm, dass im Juni 2010 zur Unterstützung der Abschluss einer Machbarkeitsstudie und erlaubt Aktivitäten begonnen (siehe Pressemitteilung vom 18. August 2010) .
Selwyn's focus ist die Erforschung und Entwicklung des Selwyn Projekt im östlichen Yukon und Northwest Territories mit ihrem Joint Venture Partner Yunnan Chihong Zink und Germanium Co., Ltd Die Selwyn Projekt stellt eine der größten unentwickelten Ressourcen von Zink und Blei in der Welt und ist einzigartig in seiner Lage in der politisch-attraktiven und stabilen Zuständigkeit des Yukon. Es ist daher sowohl eine einzigartige Gelegenheit und eine strategische Asset bietet eine langfristige sichere Versorgung mit Zink und Blei in den Pazifik Margin.
Diese Pressemitteilung enthält zukunftsgerichtete Aussagen über die Entwicklung des Selwyn Projekt. Diese Aussagen basieren auf Annahmen und Beurteilungen der Geschäftsleitung bezüglich künftiger Ereignisse oder Ergebnisse, die sich als als Folge der Unfähigkeit, erforderliche regulatorische Genehmigungen oder Aktionär, der Exploration und andere Risikofaktoren, jenseits der Kontrolle von Selwyn erhalten ungenau, kann sich stützen. Es kann keine Zusicherung, dass solche vorausschauenden Aussagen sich als richtig herausstellen, da die tatsächlichen Ergebnisse und zukünftigen Ereignisse wesentlich abweichen können von den in derartigen Aussagen vorweggenommen werden. Demzufolge sollte der Leser nicht übermässig auf zukunftsweisende Aussagen in dieser Pressemitteilung enthalten sind.
Weder die TSX Venture Exchange noch ihr Regulation Services Provider (ein Begriff, wie in den Richtlinien der TSX Venture Exchange definiert ist) übernehmen die Verantwortung für die Angemessenheit oder Genauigkeit dieser Pressemitteilung.
Kontakte:
Selwyn Resources Ltd
Dr. Harlan Meade
Präsident und CEO
(604) 801-7240 oder gebührenfrei: 1-888-989-9188
(604) 689-8355 (FAX)
Selwyn Resources Ltd
Catalin Chiloflischi
Manager Investor Communications
(604) 801-7240 oder gebührenfrei: 1-888-989-9188
(604) 689-8355 (FAX)
Selwyn Resources Ltd (TSX: SWN)
Intraday Chart
Heute: Freitag 12 November 2010
Click Here for more Selwyn Resources Ltd. Charts.
Selwyn Resources Ltd (TSX VENTURE: SWN) ("Selwyn") ist erfreut bekanntzugeben, dass Selwyn Chihong Mining Ltd ("SCML") zurückgezahlt hat Selwyn CAD $ 7.440.000 für die zweite Tranche von Selwyn Projekt pre-Entwicklungsprogramm, die angefallen sind zwischen 1. Mai und 18. August 2010. Selwyn erhielt ein Aggregat CAD $ 12.520.000 für das Projekt Ausgaben nach 1. Juli 2009. Mit Erhalt dieser Gelder hat Selwyn CAD $ 9.800.000 im Working Capital um ihre laufenden Geschäfts-und Verwaltungskosten und keine Schulden zu finanzieren.
Die laufende Exploration und Entwicklung des Selwyn-Projekt wird durch das Joint Venture finanziert werden. Die neu gebildete Selwyn Chihong Mining Ltd Joint Venture ist die Durchführung der approximierten CAD $ 89.000.000 Explorations-und Entwicklungsprogramm, dass im Juni 2010 zur Unterstützung der Abschluss einer Machbarkeitsstudie und erlaubt Aktivitäten begonnen (siehe Pressemitteilung vom 18. August 2010) .
Selwyn's focus ist die Erforschung und Entwicklung des Selwyn Projekt im östlichen Yukon und Northwest Territories mit ihrem Joint Venture Partner Yunnan Chihong Zink und Germanium Co., Ltd Die Selwyn Projekt stellt eine der größten unentwickelten Ressourcen von Zink und Blei in der Welt und ist einzigartig in seiner Lage in der politisch-attraktiven und stabilen Zuständigkeit des Yukon. Es ist daher sowohl eine einzigartige Gelegenheit und eine strategische Asset bietet eine langfristige sichere Versorgung mit Zink und Blei in den Pazifik Margin.
Diese Pressemitteilung enthält zukunftsgerichtete Aussagen über die Entwicklung des Selwyn Projekt. Diese Aussagen basieren auf Annahmen und Beurteilungen der Geschäftsleitung bezüglich künftiger Ereignisse oder Ergebnisse, die sich als als Folge der Unfähigkeit, erforderliche regulatorische Genehmigungen oder Aktionär, der Exploration und andere Risikofaktoren, jenseits der Kontrolle von Selwyn erhalten ungenau, kann sich stützen. Es kann keine Zusicherung, dass solche vorausschauenden Aussagen sich als richtig herausstellen, da die tatsächlichen Ergebnisse und zukünftigen Ereignisse wesentlich abweichen können von den in derartigen Aussagen vorweggenommen werden. Demzufolge sollte der Leser nicht übermässig auf zukunftsweisende Aussagen in dieser Pressemitteilung enthalten sind.
Weder die TSX Venture Exchange noch ihr Regulation Services Provider (ein Begriff, wie in den Richtlinien der TSX Venture Exchange definiert ist) übernehmen die Verantwortung für die Angemessenheit oder Genauigkeit dieser Pressemitteilung.
Kontakte:
Selwyn Resources Ltd
Dr. Harlan Meade
Präsident und CEO
(604) 801-7240 oder gebührenfrei: 1-888-989-9188
(604) 689-8355 (FAX)
Selwyn Resources Ltd
Catalin Chiloflischi
Manager Investor Communications
(604) 801-7240 oder gebührenfrei: 1-888-989-9188
(604) 689-8355 (FAX)
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
www.northernminer.com/news/...tle-builds-at-selwyn/1002383410/
Keine Kauf-Verkaufsempfehlung. "Das Glück des einen ist das Unglück des anderen"
mir egal....habs eh als Totalverlust abgeschrieben.......sind ja nur 500% bis zum Einstand..
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
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