YUKON - "Encouraging" is the word of the week for ALEXCO RESOURCE CORP. of Vancouver for assay results - as much as 625 opt Ag - from the former Keno Hill mines. Project manager NOVAGOLD RESOURCES (19.0% ownership of Alexco) reported the highest grade from the Silver King area where hole K01-0112 returned 10.5 kg/t Ag, 2.2 g/t Au, 6.61% Pb and 0.72% Zn over 0.8 metre, including an interval of 0.4 metre at 21.5 kg/t (625 opt) Ag.
Additional holes were well-mineralized, but not so high grade. K07-0113 assayed 1.2 kg/t Ag over 3.4 metres, also in the Silver King area. At the Husky southwest target, hole K07-0056 intersected 3.0 metres grading 478.8 g/t Ag, and the Townsite target returned 1.9 metres grading 1.8 kg/t Ag. The true lengths have yet to be determined for these intercepts.
From 1921 to 1988, the Keno Hill district produced more than 217.0 million oz of silver at average grades of 1.4 kg/t Ag, 4.5% Pb and 3.1% Zn, according to the Yukon government's Minefile database. The historic Bellekeno mine is the subject of a pre-feasibility study begun in March 2007.
Additional details on the Keno Hill program are available at www.AlexcoResource.com.
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