YUKON – “High grade” barely describes the material grading 17.4 kg Ag recovered during drilling at the historic Lucky Queen mine at ALEXCO RESOURCE CORP.’s Keno Hill project. Hole K07-0114 cut 1.12 metres of core that assayed 17.4 kg/t (507.0 ounces per ton) Ag, 0.20 g/t Au, 6.37% Pb and 1.36% Zn. The intersection was made 170 metres southwest of similar grade intercepts encountered in 2006, said the company.
The Lucky Queen mine, in production from 1927 to 1932, was the highest grade silver producer in the Keno Hill district, producing approximately 11 million oz of silver from 112,000 tonnes of ore at an average recovered production grade of 3.202 kg/t (88.7 opt) Ag. Although some exploratory underground drifting, several drill holes, some local geophysics and trenching have been completed in the Lucky Queen area since 1932, there has been no systematic contemporary exploration of the area, says 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 of Lucky Queen drilling in 2006 and 2007 is also available.