Stock Quote for Nov 21, 2014:     Last - $3.66     Volume - 500     Day High - $3.66     Day Low - $3.66
Recent News
December 31, 2013
Selwyn Confirms Effective Date for Share Consolidation
more...
December 9, 2013
Selwyn Announces Special Meeting Results
more...
November 11, 2013
Selwyn Provides Notice of a Special Meeting of Shareholders
more...

Upcoming Events
November 25-26, 2013
Metals & Minerals Investment Conferences
click here for more info

Newsletter Sign-up
Stay informed about company news & events by signing up for our Investor Newsletters. Your email address will be kept strictly confidential.

Email Address
Memberships

Selwyn Resources Ltd.

Zinc-lead Exploration & Development

Selwyn Resources Ltd. is a publicly traded, Canadian base metals exploration and development company established in 2004. The Company is focused on the restart of the ScoZinc mine in Nova Scotia.

Recent History

The Company sold its core project, the World class Selwyn Project located in eastern Yukon, in June 2013. Selwyn reactivated the Howard's Pass zinc-lead district, and since 2005 the Company invested over $120M to define the Selwyn deposit as one of the largest undeveloped zinc-lead deposit in the world.

In August 2010, Selwyn completed a 50:50 Joint Venture Agreement with Yunnan Chihong Zinc and Germanium Co. Ltd. Chihong, a fully integrated zinc-lead mining and smelting company based in Yunnan Province in southern China, 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 complete bankable feasibility study.

On March 4, 2013, Selwyn Resources Ltd. announces that it has entered into an asset and share purchase agreement with Chihong Canada Mining Ltd. and Selwyn Chihong Mining Ltd. to sell the company’s remaining 50 % joint venture interest in the Selwyn zinc and lead project in the Yukon Territory for $50 million in cash. Completion of the transaction was subject to certain conditions. All conditions of the closing were satisfied on June 3, 2103. With the completion of the transaction, Selwyn Resources Ltd. does not have any further interest in the Selwyn Project and the JV agreement is terminated. (See more information in Recent News)

ScoZinc Acquisition

In mid February 2011, Selwyn entered into an acquisition agreement to purchase all assets of ScoZinc Limited from Acadian Mining Corporation. The assets include the Scotia Mine and 12, 256 hectares of mineral claims covering much of the prospective geology in the Windsor Basin in Central Nova Scotia.

The purchase price was $10 million less funds paid to the Nova Scotia government related to unpaid mineral taxes on former mine production and funds needed to top up the reclamation and closure bond for the Scotia Mine property.

ScoZinc has undertaken approximately $10 million of expenditures on the property to May 2013 including mine refurbishment, purchase of surface rights, permitting and engineering and exploration. A Preliminary Economic Assessment was released August 30, 2011 and updated December 20, 2012 and updated again on June 12, 2013.

 

Home | Corporate | ScoZinc | Investors | News | Photo Gallery | Contact | Search
© 2014 Selwyn Resources Ltd.   Disclaimer | Privacy