News

April 16, 2009

Selkirk Metals Has Two Company Makers On The Go Up In British Columbia

By Rob Davies

Most juniors are content to have one project that has the potential to change their fortunes. Selkirk Metals is a bit greedier than most and is in the lucky position of having two on the shelf, either of which could transform the company. It helps of course if the starting point is low to begin with. At a C$8 million market capitalisation Selkirk won’t need to find an awful lot of metal to make a difference to its valuation. That’s one of the great attractions of small caps - you don’t need to find a massive deposit to make a massive impact on the share price.

Selkirk already knows it has five million tonnes of 7.5% zinc and 2.5% lead at its Ruddock Creek property in British Columbia. That tonnage though, is not yet 43-101 compliant. But according to Graham Keevil at Selkirk the drilling programme now underway has a good chance of doubling that figure and making it compliant. While that project is the major focus, Graham is also keen to talk about the potential of the Catface copper project on the west coast of Vancouver Island. Work by Falconbridge...