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Alexco Resource Corp.

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Summary

Project:

Keno Hill

Deposit:Bermingham
Location:Canada
Commodities:Silver-Lead-Zinc-Gold
Date:1/21/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:21-1-2019: Alexco Resource Corp. announces an Exploration/Drilling Update report for its Bermingham deposit at the Keno Hill project. Drilling results incl. 1.51m @ 76.3g/t Au, 105g/t Ag from 270m. January 21, 2019 - Alexco Resource Corp. (NYSE American:
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Alan McOnie (Internal)
ABSTRACT:January 21, 2019 - Alexco Resource Corp. (NYSE American: AXU) (TSX: AXR) (“Alexco” or the “Company”) today released the remaining results from its 2018 7,687 meter (“m”) surface reconnaissance and deep drilling program comprising 26 drill holes on six targets scattered across the Keno Hill Silver District in Canada’s Yukon Territory. The targets were mostly blind, and were selected to determine if the ore control model developed for the Bermingham deposit is duplicated in other areas across the district. In addition, two of the targets were significant step outs – along strike and down dip – from the recently defined Bermingham silver deposit. The results from four surface in-fill holes comprising 1,052 m at the Bermingham NE Zone are also included herein. Bermingham deposit structural framework down plunge of the existing deposit (“Bermingham deep”) and the inferred presence of the Bermingham structure more than two kilometers to the west on the heavily covered slopes southwest of the post-mineral Brefalt Fault. Elsewhere from this program, it is clear that the Bermingham/HectorCalumet style geological architecture can be interpreted at various intervals and elevations along several district scale structures. In 2019 we will launch a further surface drilling program to follow up on our 2018 results, most importantly focusing on the “Bermingham deep” area where our first drill hole K-18-0706 identified a 60 m wide structural zone containing multiple mineralized intervals including 1,675 g/t Ag over a true width of 0.33 m.”

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