YUKON – Vancouver-based ALEXCO RESOURCE CORP. has had the drills turning this summer at the former United Keno Hill producers. Two targets, Bellekeno at Keno Hill and Silver King at Elsa, are showing promise.
The new Silver King East target returned a high of 5.8 kg/t (169 opt) Ag, 2.1 g/t Au, 14.7% Pb and 1.1% Zn over 1.53 m from hole K06-015. Hole K06-013 returned 4.5 kg/t Ag (130 opt Ag), 3.47 g/t Au, 1.1% Pb and 1.8% Zn over 3.1 m. Those assays were part of a 6.1-m intersection that averaged 2.3 kg/t Ag.
Bonanza silver grades are also being found at the former Bellekeno mine. Hole K06-11 cut an interval of 4.2 kg/t Ag (135 opt Ag), 63.4% Pb and 7.5% Zn over 2.0 m approximately 400 m below surface. Other holes cut 2.5 kg/t Ag over 1.6 m and 1.4 kg/t over 2.2 m.
In 2007, Alexco plans to operate four drill rigs at the Keno Hill project for at least eight months and a minimum of 30,000 m within the district. The drill program will be designed to significantly expand and accelerate drilling in the Silver King-Husky Southwest corridor including the new discovery at Silver King East. The company hopes that drilling at Bellekeno will prove up more than 20 million oz of silver equivalent in the inferred category.
Maps of the Keno Hill drill targets are posted at www.AlexcoResource.com.