Canadian Mining Journal

News

SILVER: Alexco drills 12 metres at 1,019 g/t true width



Alexco is preparing four deposits for mining at Keno Hill. (Image: Alexco Resource Corp.)

YUKON – The initial results from the 2018 drilling program at the Bermingham silver deposit in the Keno Hill silver district are in. Owner Alexco Resource Corp. of Vancouver said results from 14 of the 26 surface and underground holes have been received.

Two holes cut silver rich core from or close to the Bermingham resource. Hole BMUG18-012 returned 12.3 metres (true width) grading 1,019 g/t silver and hole BMUG-15 returned 2.3 metres grading 9,723 g/t. Other significant intersections included 4.2 metres at 5,373 g/t and 4.3 metres at 1,958 g/t.

Alexco has received a positive decision from the Yukon government for development and production of the Bermingham deposit. The recommendations will be incorporated into the mining and water licences applications.

Alexco has completed a decline to reach the Bear zone and the Footwall zones to facilitate underground mining. The Bermingham deposit has an indicated resource of 858,000 tonnes grading 628 g/t silver containing 17.3 million oz. As outlined in the 2017 preliminary economic assessment, the mineable resource is 220,000 tonnes with an average silver grade of 1,276 g/t containing 9.0 million oz. Zinc, lead and gold are also present.

Bermingham is one of four deposits Alexco plans to mine at Keno Hill. More information is available at www.AlexcoResource.com.