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Alexco Resource Corp.
Summary
| Project: | Keno Hill | |
|---|---|---|
| Deposit: | Keno Hill | |
| Location: | Canada | |
| Commodities: | Silver-Lead-Zinc-Gold | |
| Date: | 3/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-3-2019: Alexco Resource Corp. announces a Pre-Feasibility Study report for its Keno Hill deposit at the Keno Hill project. PFS results incl. post-tax NPV (5%) of $101.3M, IRR of 74%. March 28, 2019 – Alexco Resource Corp. (NYSE American: AXU, TSX: AXR) | |
| Resources: | (Reserve, Prob.): 1.177Mt @ 804g/t Ag, 2.98% Pb, 4.13% Zn, 0.34g/t Au | |
| CP/QP: | [Overall Report]: Zach Allwright, Adrian Churcher (Mining Plus Consulting Pty Ltd.) | |
| ABSTRACT: | March 28, 2019 – Alexco Resource Corp. (NYSE American: AXU, TSX: AXR) (“Alexco” or the “Corporation”) is pleased to announce the results of an independent pre-feasibility study (“PFS”) on its 100% owned Keno Hill Silver project (“Keno Hill” or the “Project”) in Yukon, Canada. Alexco Chairman and CEO, Clynton Nauman, commented, “The results of the PFS reflect the exceptional asset we have in Keno Hill and demonstrate a robust high margin primary silver operation that can produce approximately four million ounces of silver per year. The operational and economic metrics of the PFS show an improvement over the previous preliminary economic assessment (“PEA”) in nearly all categories including a higher NPV, increased annual silver production, reduced capital requirements, improved operating costs and productivities, increased mine tonnage and throughput, lower LOM AISC and an impressive IRR. With the results of the PFS now in hand, we are now on a clear path to production at Keno Hill.” The PFS includes existing mineral resource estimates for the Flame & Moth, Bellekeno, Lucky Queen and Onek deposits, and an updated resource estimate for the Bermingham deposit. In addition, mineral reserve estimates are provided for assessment of underground mining operations for all of the deposits with the exception of the Onek deposit. The PFS was compiled by Mining Plus Canada Consulting Ltd. (“Mining Plus”) with contributions from a team of qualified persons and firms. The PFS assesses underground mining operations in all four (4) deposits, with two deposits in concurrent production at all times, feeding an existing conventional flotation mill to produce mineral concentrates containing silver, lead, zinc and gold. | |
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