Scozinc Completes Exploration Drilling For Expansion of Main Pit

Selwyn Resources Ltd. has announced that it has now completed exploration drilling in the southwest of the proposed Main Pit expansion with a total of 4,940 metres in 44 drill holes.

The drilling was undertaken to better define the mineral resources in that area and to upgrade the mineral resource re-estimate. Expansion of the mineral resource model will allow for further optimization of the Main Pit and possible extension of the current proposed Main Pit mine plan.

Refurbishment of the mill and surface facilities at the site continues with a crew of 25 (consisting of management and staff). The Company's objective is to prepare the site for the commencement of full scale restart activities when satisfactory financing is available, while continuing with the detailed project restart planning.

ScoZinc continues to explore and advance discussions on alternatives for financing the approximately $30M of re-start capital required for the refurbishment and resumption of mining and milling at the ScoZinc Mine. An increase in zinc and lead metal prices from current metal prices will assist in the timely completion of this financing.

Source: www.selwynresources.com