Selwyn Resources Ltd. (SWN.V) today announced the progress and
plans for completion of a Feasibility Study for the Selwyn Project.
The Feasibility Study is being advanced by Selwyn Chihong Mining
), the joint venture company, formed by Selwyn and Chihong Canada
Mining Ltd., a wholly owned subsidiary of Yunnan Chihong Zinc &
Germanium Co., Ltd., one of China's largest zinc and lead mining
and smelting companies.
The SCML Management Committee has recently met and confirmed a
plan and budget for the completion of a feasibility study based on
the revised 3,500 tonne per day mining and milling plan. It is
expected that the feasibility study will be completed in late March
2013 utilizing the remaining $5.37 million in the Joint Venture
bank account. By then, Chihong Canada will have vested a 50%
interest in the Joint Venture.
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
Ltd. The Selwyn Project hosts large tonnages of zinc-lead
mineralization which have the potential for large scale
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