Selwyn Updates PEA for ScoZinc Project

Selwyn Resources Ltd. (TSXV:SWN) provided an updated preliminary economic assessment (PEA) for its ScoZinc zinc-lead project, noting that the PEA includes new metallurgical information and an expansion of the mine plan. The report will be filed on SEDAR in the near future.

Harlan Meade, president and CEO of Selwyn, commented:

The recently completed work by our ScoZinc team has further enhanced the mine plan and demonstrates the attractive economics for the restart of the mine, when metal prices strengthen from current levels as concentrate supply is forecast to tighten. The improvements provide for a balancing of mine grades over the current 8-year mine life. With the reduction of operating costs, ScoZinc is well positioned on the cost curve for development projects. The reasonable next steps at ScoZinc would be to focus on the further expansion of the mine plan with addition of the Getty deposit and pursuit of other opportunities to reduce operating costs.

Click here to read the full Selwyn Resources Ltd. (TSXV:SWN) press release.