Selwyn Resources is up 30% after high-grade drill results were released Monday. The assay results are from drilling the 98/99-lenses of the XY Central deposit.
According to the company’s news release, XYC-198 intersected 14.54 metres true thickness grading 6.86% zinc and 4.61% lead, including 2.36 metres grading 21.25% zinc and 5.89% lead. The XYC-208 intersected 17.51 metres true thickness grading 7.72% zinc and 5.89% lead, including 2.20 metres grading 21.73% zinc and 18.36% lead.
Selwyn Chihong Mining Ltd. conducted the work, a joint venture company equally owned by Selwyn and Chihong Canada Ltd.