back to homepage

Selwyn Resources (SWN.V) - good values of lead and zinc over appreciable intervals

Comment by Objective Capital , Sep 06, 2007
Questions? |

Selwyn Resources is continuing its drill programme on the Selwyn zinc-lead deposit. The latest assays from holes probing a high-grade zone in the Don Valley portion of the project continue to yield good values of lead and zinc over appreciable intervals. The highlights of the latest holes include 8.09 percent zinc and 1.79 percent lead over a true thickness of 22.5 metres, obtained from a hole into the Don East region. A hole into the main Don Valley area yielded 8.46 per cent zinc and 3.57 percent lead over a true thickness of 14.1 metres.

Objective's view:

These intersections continue to expand the high-grade zone within the Don Valley and XY Central zones and the company is now reconsidering the tentative mine plan laid out in its preliminary assessment report, completed earlier this year. We believe continued drill success will prompt Selwyn to develop a plan combining its original open pit plan with an underground operation designed to recover ore from the deeper high-grade zones within the project.

We view this development as strongly supportive of both our central and best case valuations, although Selwyn will have to keep close to our assumed timelines and cost projections should it develop an alternate plan.

Other coverage

Other opinions

Canoel International Energy (CIL.V) - revitalisation on track; acquiring cogen plant
Apr 21, 2014 | Previous
Canoel International Energy (CIL.V) - preparing for its next stage of development
Jan 21, 2014 | Previous
Canoel International Energy (CIL.V) - building a portfolio in undervalued Italian gas
Jan 15, 2013 | Previous
Adroit Resources (ADT.V) - building Italy's antimony industry
OCIC. Nov 06, 2012
African Consolidated Resources (AFCR.L) - Andrew Cranswick discusses their new Zimbabwean gold project
OCIC. Sep 25, 2012
Helio Resource's (HRC.V) - Richard Williams presents on new PEA
OCIC. Sep 25, 2012
Great Western Minerals (GWG.V) - Gary Billingsley shares his views on the state of the Rare Earth sector
OCIC. Sep 25, 2012
Wishbone Gold (WSBN.L) - Richard Poulden discusses Wishbone Gold's strategy as a consolidator of global gold assets
OC. Sep 25, 2012
Woulfe Mining (WOF.V) - Nick Smith discusses expanding tungsten resources in South Korea
OCIC. Jun 12, 2012
Kibo Mining (KIBO.L) - updates on the progress of its new coal deal
OCIC. Jun 12, 2012
Volta Mining (VTM.AX) - David Sumich discusses their pending Gabon iron ore transaction
OCIC. Jun 12, 2012
Andiamo Exploration - Tim William's introduces their Haykota gold project in Eritrea
OCIC. Jun 12, 2012
Gentor Resources (GNT.V) - Peter Ruxton briefs investors on their copper project in Oman
OCIC. Jun 12, 2012
Peak Resources Limited (PEK.AX) - Richard Beazley provides an update on their Ngualla Rare Earth Project in Tanzania
OCIC. May 22, 2012
Kibo Mining (KIBO.L) - Louis Coetzee discusses their new coal deal
OCIC. May 22, 2012

Occasional papers