Selwyn Resources is a publicly traded, Canadian base metals exploration and development company. The company’s core project is the World class Selwyn Project, located in eastern Yukon. The Selwyn Project has reactivated the Howard’s Pass zinc-lead district, and since 2005 the company has invested over $110M to define Selwyn deposit as one of the largest undeveloped zinc-lead deposit in the world.
Selwyn has completed in August 2010 a 50:50 Joint Venture Agreement with Yunnan Chihong Zinc and Germanium Co. Ltd., to invest $100 Million to advance Selwyn Project to bankable feasibility and complete permitting. Selwyn and Yunnan Chihong have formed Selwyn Chihong Mining Ltd. to advance the project and have launched an approximate $85M exploration and development programs of definition drilling, engineering, permitting and initial underground development to complete bankable feasibility study, permitting and project financing by mid 2012.
The acquisition of ScoZinc provides Selwyn with a low cost entry to becoming a producing mining company in Q2 2012. The restart of production at the Scotia Mine in Nova Scotia will provide Selwyn with both mine operations experience and early cash flow which will be strategically important to its securing financing for the Selwyn Project.
Company Website: www.selwynresources.com