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Selkirk Copper Discovers New Mineralized Zone and Commences a Phase 2 Drill Program Targeting 50,000 Additional Metres
Highlights A new mineralized zone, the 117 Lens, has been discovered beneath a previously mined open pit. Initial results indicate broad zones of
About this update from Selkirk Copper Mines Inc.
[{"type":"text","content":" Highlights A new mineralized zone, the 117 Lens, has been discovered beneath a previously mined open pit. Initial results indicate broad zones of copper-gold-silver mineralization, including: 1.27% Cu, 0.89 g/t Au, and 5.91 g/t Ag (1.98% CuEq) over 12.6 m, within a broader interval of 0.41% Cu, 0.38 g/t Au, and 3.92 g/t Ag (0.58% CuEq) over 86.8 m, from 244.2 m in 26SCM126. Drilling at Minto East continues to intersect multiple lenses of high-grade mineralization: 2.36% Cu, 0.85 g/t Au and 5.44 g/t Ag (3.04% CuEq) over 5.8 m, from 241.7 m, and a second mineralized intercept of 2.57% Cu, 0.66 g/t Au and 7.66 g/t Ag (3.13% CuEq) over 9.1 m, from 476 m in 26SCM128. Assay results from the Phase 1 drill program, completed in April, continue to delineate high-grade copper-gold-silver mineralization. Assay results have been released for approximately 78% of the Phase 1 drill program, with the remaining results expected to be released over the next month. As of May 1, Selkirk Copper has commenced its Phase 2 drill program, targeting up to an additional 50,000 metres to be completed during 2026. This drill program will continue to focus on resource expansion, while including infill drilling, geotechnical drilling, and geometallurgical data collection to support increased resource confidence and mine planning, all of which will inform planned feasibility study work. Vancouver, British Columbia and Pelly Crossing, Yukon--(Newsfile Corp. - May 11, 2026) - Selkirk Copper Mines Inc. (TSXV: SCMI) (FSE: IO20) (OTCQB: SKRKF) (\"Selkirk Copper\" or the \"Company\") is pleased to announce commencement of the Phase 2 drill program and additional drill results from the Phase 1 drill program at the Minto Mine in Yukon, Canada. M. Colin Joudrie, President & CEO, commented: \"We are very pleased to announce the resumption of drilling and a significant Phase 2 drill program planned for 2026 that will build upon our successful Phase 1 drill program that was completed earlier this year. With the updated Mineral Resource Estimate and Preliminary Economic Assessment on track for completion in mid-2026, we are looking ahead towards additional requirements that will support a potential restart decision in mid-2027. The Phase 2 drill program will continue to focus on resource expansion while also prioritizing important geoscience and technical data collec...