LEAD-ZINC MINING: First concentrate shipped from Alexco’s Bellekeno mine

YUKON - The newly opened Bellekeno mine in the Keno Hill Silver District has made the first shipment of lead-zinc concentrate for owner Alexco Resource Corp. of Vancouver. A subsidiary of Glencore International has agreed to take 42,800 tonnes of concentrates from the mine over the last two years. Nominal concentrate grades are anticipated to approximate 70% Pb with more than 6,200 g/t Ag in the lead concentrate, and 54% Zn with over 300 g/t Ag in the zinc concentrate.

The off-take agreements also provide for payment of indium, once commercial concentrate grades for indium are demonstrated, noted Alexco.

The company recently discovered an extension of the Bellekeno deposit approximately 130 metres down plunge. Hole K10-260 cut an interval grading 2,729.0 g/t Ag, 52.2% Zn, 6.3% Zn plus gold over 0.40 metres within a 1.91-metre interval grading 690.1 g/t Ag, 13.6% Pb, 9.6% Zn plus gold. Drilling continues.

The company maintains its website at www.AlexcoResource.com.