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Alexco Resource Corp.
Summary
| Project: | Keno Hill | |
|---|---|---|
| Deposit: | Bermingham | |
| Location: | Canada | |
| Commodities: | Silver-Lead-Zinc-Gold | |
| Date: | 9/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-9-2018: Alexco Resource Corp. announces a Resource Estimation report for its Bermingham deposit at the Keno Hill project. Updated mineral resource estimate at the Bermingham. September 20, 2018 - Alexco Resource Corp. (NYSE American: AXU) (TSX:AXR) (“A | |
| Resources: | (Resource): 1.651Mt @ 628g/t Ag (Ind.), 1.651Mt @ 526g/t Ag (Inf.) | |
| CP/QP: | [Resources]: Cliff Revering (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | September 20, 2018 - Alexco Resource Corp. (NYSE American: AXU) (TSX:AXR) (“Alexco” or the “Company”) today reports an updated and expanded mineral resource estimate for the Bermingham deposit, located within the Keno Hill Silver District (“KHSD”) in Canada’s Yukon Territory. Summary As a result of exploration work conducted in 2017 and 2018, the Bermingham indicated mineral resources have expanded from 17.3 million (“M”) ounces to 33.3 M ounces of contained silver at an average silver grade of 628 grams per tonne (“g/t”), while inferred mineral resources have increased from 5.5 M ounces to 10.4 M ounces of contained silver at an average silver grade of 526 g/t. The updated mineral resource estimate was prepared by SRK Consulting (Canada) Inc. (“SRK”) and a comparison to the prior mineral resource estimate is outlined below: With the addition to the silver mineral resource at Bermingham, Alexco’s district-wide indicated mineral resources at Keno Hill increased by approximately 24% from 67.9 M ounces to 84.0 M ounces of contained silver. Similarly, district-wide inferred mineral resources increased by 28% to 23.0 M ounces of contained silver. Background The Bermingham deposit comprises a closely spaced series of subparallel steeply southeast dipping vein sets – identified (hangingwall to footwall) as the Bermingham, Bermingham Footwall and Bear veins that can be traced over a northeasterly strike distance exceeding 850 meters (“m”) in four zones identified (from southwest to northeast) as the Etta, Arctic, Bear and Northeast Zones that are separated by post-mineral faults. In addition, a small resource is contained in a conjugate set of related West Dipping veins. Recent detailed underground and surface drilling work has focused on the Arctic and Bear Zones where the vein sets are connected either laterally or vertically within the wider Bermingham vein-fault structural corridor. Mineralization extends from between 90 m to 160 m below surface to a depth of approximately 450 m where veining remains open. | |
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