Canadian Mining Journal

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SILVER-ZINC-LEAD RESOURCE: Alexco releases initial numbers for Flame & Moth and Bermingham

YUKON – Alexco Resource Corp. of Vancouver has increased its indicated resources at its Keno Hill properties with the release of new numbers for two of its deposits.



YUKON – Alexco Resource Corp. of Vancouver has increased its indicated resources at its Keno Hill properties with the release of new numbers for two of its deposits.

The Flame & Moth deposit contains an indicated resource of 159,000 tonnes averaging 453 g/t Ag, 0.39 g/t Au, 1.73% Pb and 6.97% Zn plus an inferred portion of 387,000 at 312 g/t Ag, 0.26 g/t Au, 1.18% Pb and 4.06% Zn. Total contained silver is approximately 15 million oz. Mineralization occurs as multiphase quartz and siderite veining up to 11.7 metre true width hosted by a fault structure. Locally massive galena, sphalerite, pyrite, and pyrrhotite with associated silver sulphosalts, arsenopyrite and chalcopyrite are present.

The Bermingham deposit has an indicated resource of 257,000 tonnes averaging 460 g/t Ag, 0.06 g/t Au, 2.00% Pb and 2.10% Zn. The inferred resource is 102,000 tonnes at 372 g/t Ag, 0.0 g/t Au, 1.12% Pb and 1.83% Zn. The resources include an estimated 5 million oz of silver. Drilling outlined the Bermingham vein with a north-northeast strike and moderate southeast dip, converging to the northeast with the Bermingham Footwall vein which has a northeast strike and dips moderately to steeply to the southeast. The two veins typically exist within a 5- to 10-meter wide, structurally damaged and complex zone containing discrete veins 0.5 to 2.5 meters wide, consisting predominantly of carbonate (dolomite, ankerite and siderite), quartz and calcite gangue with sulphides; sphalerite, galena, pyrite and arsenopyrite, and accessory chalcopyrite, argentian tetrahedrite, jamesonite, pyrargyrite and native silver.

Alexco plans a 22,500-metre drill program this year at Keno Hill. Please see AlexcoResource.com for additional information.