YUKON – There is still silver in the Keno Hill district, and a great deal of it judging from the recent hole drilled at ALEXCO RESOURCEs project. Operated by NOVAGOLD RESOURCES, the drill program recently pulled core that assayed over 90 ounces per ton silver. Hole K07-0101 returned 3,300 g/t Ag, 0.718 g/t Au, 59.75% Pb and 5.7% Zn over 9.64 metres. Hole K07-090(i) returned 3,200 g/t Ag, 0.578 g/t Au, 53.6% Pb and 4.2% Zn over 3.66 metres. The mineralization was intersected roughly 380 metres below surface in the Bellekeno Southwest zone.
Work in the Bellekeno historic mine area in 2007 has demonstrated that the three juxtaposed northeast-trending and southwest-plunging mineralized zones have metal zoning characteristics that suggest a lead-dominated silver character in the more southerly zones (Southwest and 99 zones) and a high grade zinc affinity to the east (East zone). In all cases the geometry, continuity and extent of mineralization confirm the potential of this deposit to contain the value required to justify immediate planning and implementation of an underground exploration and delineation drilling program, assuming all required permits and licences can be obtained in a timely manner, according to Alexco.
A composite table of all 2007 drill results released to date is available on the Alexco website at www.AlexcoResource.com. A plan view the Bellekeno mine area showing the Southwest, 99 and East zones, along with the 2007 completed drill holes, is also available.