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Alexco Resource Corp.
Summary
| Project: | Keno Hill | |
|---|---|---|
| Deposit: | Keno Hill | |
| Location: | Canada | |
| Commodities: | Silver-Lead-Zinc-Gold | |
| Date: | 1/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-1-2017: Alexco Resource Corp. announces a PEA report for its Keno Hill deposit at the Keno Hill project. Updated mineral resource estimate + PEA results incl. post-tax NPV(5%) of US$79.4M, IRR of 75%. January 3, 2017 - Alexco Resource Corp. (TSX:AXR, NY | |
| Resources: | (Resource): 3.631Mt @ 500g/t Ag (Ind.) and 1.371Mt @408g/t Ag (Inf.) at project | |
| CP/QP: | [Resources]: Dr. Gilles Arseneau, David Farrow (SRK Consulting (Canada) Inc.;Geostrat Consulting Services Inc.) | |
| ABSTRACT: | January 3, 2017 - Alexco Resource Corp. (TSX:AXR, NYSE-MKT:AXU) today reports an updated mineral resource estimate for the Bermingham deposit, located within the Keno Hill Silver District (“KHSD”) in Canada’s Yukon Territory. The Bermingham indicated mineral resources are expanded from 5.2 million ounces to 17.3 million ounces of contained silver, while inferred mineral resources increased from approximately 0.7 million ounces to 5.5 million ounces of contained silver. As a result, Alexco’s district-wide indicated mineral resources at Keno Hill increased approximately 22% from 55.4 million ounces to 67.5 million ounces of contained silver. The Bermingham deposit comprises a westerly Etta Zone and a fault separated larger easterly Arctic Zone. Recent work (2015 – 2016) has focused on the northeasterly extension of the Arctic Zone where several structurally controlled sets of subparallel moderately to steeply southeast dipping veins including the Bermingham, Bermingham Footwall and Bear veins splay and rejoin in a manner controlled by the host rock stratigraphy. A westerly and shallower dipping conjugate vein set (West Dipper vein) is also present. All vein sets in the northeasterly Arctic Zone are closely associated, connected either laterally or vertically within the wider Bermingham vein-fault structural corridor that is silver enriched over a 660 m strike length, with mineralization extending from between 90 m to 160 m below surface to a depth of approximately 350 m where veining remains open. | |
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