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Alexco Resource Corp.
Summary
| Project: | Keno Hill | |
|---|---|---|
| Deposit: | Bermingham | |
| Location: | Canada | |
| Commodities: | Silver-Lead-Zinc-Gold | |
| Date: | 11/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-11-2017: Alexco Resource Corp. announces an Exploration/Drilling Update report for its Bermingham deposit at the Keno Hill project. Drilling results incl. 5.01m @ 2464g/t Ag, 2.26% Pb, 1.34% Zn, 0.37g/t Au from 399.4m. November 7, 2017 - Alexco Resource | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alan McOnie (Internal) | |
| ABSTRACT: | November 7, 2017 - Alexco Resource Corp. (TSX:AXR, NYSE AMERICAN:AXU) (“Alexco” or the “Company”) today announced results from its 2017 surface exploration drilling program in the vicinity of the Bermingham deposit in the Keno Hill Silver District (“KHSD”) in Canada’s Yukon Territory. Numerous significant silver-rich intercepts have been received from 28 of the 37 holes drilled in two target areas proximal to the Bermingham resource, and a third shallower new exploration target area approximately 200 meters (“m”) to the northeast. True width intercepts ranging from 5.15 m grading 1,547 grams/tonne (“g/t”) (49.73 ounce/tonne (“oz/t”)) silver (“Ag”) in hole K- 17-0658, and 5.01 m grading 2,464 g/t (79.23 oz/t) Ag in drill hole K-17-0643, along with numerous other significant intercepts demonstrate expansion of the Bermingham deposit along strike and down plunge. True width intercepts up to 4.20 m grading 2,518 g/t (80.95 oz/t) Ag in hole K-17-0663 approximately 200 m to the northeast of the high grade Bear Vein represent a new discovery which remains open along strike. Alexco Chairman and CEO Clynt Nauman commented, “Two important conclusions come from our 2017 exploration work. First, we can be pretty confident that the Bermingham silver resource (currently estimated to contain an indicated 17 million ounces of silver) will be expanded; and second, the deposit is clearly open at depth where strong structures and related mineralization project into increasingly favourable stratigraphy. | |
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