SLK Silk Road Energy Inc

Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased
to provide this update of operations on the Ruddock Creek Property, located 100
km north-northwest of Revelstoke in the Kamloops and Revelstoke Mining
Divisions, British Columbia.


The second diamond drill hole from the 650 meter location along the decline has
now been completed successfully intersecting the target massive sulphide horizon
of the E-Zone as predicted. Again, the character and width of the zinc-lead
bearing massive sulphide zones intersected correlates very well with the
intersections from the Company's surface drill holes from 2004, 2005 and 2006.
Each new diamond drill hole that intersects, confirms and expands the E-Zone
adds to the technical data base that is being used to generate the engineering
studies in support of planned mining operations. This drilling is the first
phase of a planned 10,000 meter underground program that will entail the use of
two drill rigs.


The underground mining program that is in support of the diamond drilling is now
at the 900 meter length, where the lateral development will be completed to
allow for the necessary detailed drilling of the E-Zone deposit. The drill
station to the west of the decline is nearing completion at which time the
second underground drill will be mobilized to the Property. The 200 meter
crosscut to the east of the decline will then be completed with the
establishment of drill stations every 50 meters. The drill currently at the 650
meter station will move to the east crosscut to continue drilling once the first
east drill station is completed. All drill operations are being planned under
the direction of our resource geologist and engineers to ensure that all the
necessary information for the engineering study will be collected by the end of
the current operation.


The main decline will be driven at the same time as the east crosscut. The
drilling results and geological mapping of the underground development have
confirmed that the decline is entering the footwall or underlying rocks of the
E-Zone. It is therefore expected that the first mineralization will be
encountered by the decline in the near term. The decline will continue until it
has crossed completely through the zone of sulphide mineralization into the
hanging wall of the E-Zone.


"We continue to be very pleased with the ongoing developments at the Ruddock
Creek Property. The drilling continues to confirm the projected location and
mineralization of the E-Zone and the underground development continues to exceed
the projected progress. We are now looking forward to the intersection of the
E-Zone by the decline and the ongoing diamond drilling program, which have been
the two goals of this major phase of development at Ruddock Creek," stated
Gordon Keevil, President.


Operations on the Ruddock Creek Property are being conducted under the
supervision of the Company's Qualified Person (as defined by NI 43-101), Jim
Miller-Tait, P.Geo., Vice President of Exploration.


On Behalf of the Board of Directors:

Gordon Keevil, President

For further information on Selkirk Metals Corp. please visit our website at
www.selkirkmetals.com.


This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. All statements in this release, other than
statements of historical facts, that address future production, reserve
potential, exploration and development activities and events or developments
that the Company expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those
in the forward-looking statements. Factors that could cause actual results to
differ materially from those in forward-looking statements include market
prices, exploration and development successes, continued availability of capital
and financing, and general economic, market or business conditions. Please see
our public filings at www.sedar.com for further information.

Silk Road Energy (TSXV:SLK)
Historical Stock Chart
From Jun 2024 to Jul 2024

Silk Road Energy (TSXV:SLK)
Historical Stock Chart
From Jul 2023 to Jul 2024