On April 9, 2008, Selkirk Metals Corp. (TSX VENTURE:SLK) announced that through its 97.4% owned subsidiary, Catface Copper Mines Limited, it had entered into a Memorandum of Understanding with the Ahousaht First Nation concerning the Catface Porphyry Copper Project. This agreement allows for further exploration of this important undeveloped copper deposit. Selkirk is now in the final process of preparing for an initial diamond drilling program that will commence as soon as possible.
The Catface Copper Property is located on Catface Mountain near Tofino on Vancouver Island, BC. Selkirk has agreed to work closely with the Ahousaht to assure that any development of the Catface Property will be to the benefit of the local communities and in the interests of the region at large.
Selkirk was advised in the negotiations for this agreement by Paul Wilson and Heidi Granger of Fasken Martineau.