Selwyn Resources Limited announced the first drill results from the recent drilling of the XY West deposit at the Selwyn Project, Yukon. The drill results are part of the exploration and definition drilling program of the XY West deposit conducted by Selwyn Chihong Mining Limited, the JV company equally owned by Selwyn and Chihong Mining Canada Limited Chihong Mining Canada Limited is a wholly owned subsidiary of Yunnan Chihong Zinc and Germanium Company Limited.

Highlights
1. XYC-249 intersected 49.64 meters true thickness grading 11.85% zinc and 3.13% lead including 31.11 meters grading 15.46% zinc and 9.91% lead

2. XYC-257 intersected 9.69 meters true thickness grading 12.94% zinc and 5.03% lead including 2.81 meters grading 26.54% zinc and 12.79% lead.

Northwest Expansion of XY West Deposit
During 2010 and 2011 drilling focused on better defining the XY West deposit and expanding it along the favorable trend of zinc and lead mineralization to the northwest. The recent drilling has extended the strike length of the XY West deposit an additional 600 meters to the northwest. The XY West deposit now extends for at least 1000 meters strike length. A gap of 500 meters between the XY West and XY Central deposits remains largely untested with historical drill holes confirming favorable strata. The new mineralization occurs to the northwest in two fault blocks adjacent to the original 2008 discovery area.

XYC-249, one of the first drill hole step outs to the northwest, intersected a wide thickness of zinc and lead mineralization from 191.80 to 250.2 meters for a true thickness of approximately 49.64 meters grading 11.85% zinc and 3.13% lead including 16.92 meters grading 19.52% zinc and 4.81% lead.

Dr Harlan Meade president and CEO of Selwyn said that “The extension of high-grade mineralization in the XY West deposit provides an attractive early development opportunity. The high grade mineralization, proximity to the XY Central deposit and low cost access for development make the XY West deposit very appealing for inclusion in the initial production plan at Selwyn Project.”