Alexco Completes 2017 Surface Exploration Program, Expands Bermingham Silver Deposit, Advances Underground Development

Date : 11/07/2017 @ 3:00AM
Source : PR Newswire (US)
Stock : Alexco Resource Corp (Canada) (AXU)
Quote : 1.65  0.05 (3.13%) @ 4:15PM

Alexco Completes 2017 Surface Exploration Program, Expands Bermingham Silver Deposit, Advances Underground Development

Alexco Resource Corp (Canada) (AMEX:AXU)
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VANCOUVER, Nov. 7, 2017 /PRNewswire/ - Alexco Resource Corp. (TSX:AXR, NYSE AMERICAN:AXU) ("Alexco" or the "Company") today announced results from its 2017 surface exploration drilling program in the vicinity of the Bermingham deposit in the Keno Hill Silver District ("KHSD") in Canada's Yukon Territory. Numerous significant silver-rich intercepts have been received from 28 of the 37 holes drilled in two target areas proximal to the Bermingham resource, and a third shallower new exploration target area approximately 200 meters ("m") to the northeast. True width intercepts ranging from 5.15 m grading 1,547 grams/tonne ("g/t") (49.73 ounce/tonne ("oz/t")) silver ("Ag") in hole K-17-0658, and 5.01 m grading 2,464 g/t (79.23 oz/t) Ag in drill hole K-17-0643, along with numerous other significant intercepts demonstrate expansion of the Bermingham deposit along strike and down plunge. True width intercepts up to 4.20 m grading 2,518 g/t (80.95 oz/t) Ag in hole K-17-0663 approximately 200 m to the northeast of the high grade Bear Vein represent a new discovery which remains open along strike.

Figure 1 – Drill Hole Locations (CNW Group/Alexco Resource Corp.)

Alexco Chairman and CEO Clynt Nauman commented, "Two important conclusions come from our 2017 exploration work. First, we can be pretty confident that the Bermingham silver resource (currently estimated to contain an indicated 17 million ounces of silver) will be expanded; and second, the deposit is clearly open at depth where strong structures and related mineralization project into increasingly favourable stratigraphy. As we systematically expand drilling coverage, our understanding of the interconnected mineralized vein systems at Bermingham is becoming one of local very high grade shoots such as the Bear Vein where our current Preliminary Economic Assessment mine plan identifies 220,000 potentially mineable tonnes grading 1,276 g/t Ag, sitting within more extensive zones of "lower" grade mineralization with true widths up to 8.62 m thick grading more than 600 g/t Ag as identified in recent drill hole K-17-0653. This pattern of mineralization very much reflects a large hydrothermal system with distinct similarities to the adjacent historic Hector-Calumet deposit. Furthermore, with our exploration model becoming ever more refined, we are actively generating and ranking new silver targets across the Keno Hill Silver District which we will start to test in 2018."

Geology and Drilling

The 2017 Bermingham surface drill program was completed in early September with 37 holes totaling 13,832 m of diamond core drilling. This drilling was conducted at relatively wide spacing in three zones to further explore structural targets adjacent to, or along strike of the existing Bermingham deposit resource that includes 858,000 tonnes with an average grade of 628 g/t silver totaling 17.3 million ounces of silver in the indicated category (see news release dated December 8, 2016, entitled "Alexco Expands Bermingham Silver Deposit, Initial Tests Confirm Excellent Metallurgical Performance").

The three target zones were:

  • The SW Zone, targeting the Bermingham, Bermingham Footwall and Bear Veins within a 100 x 200 m window of previously unexplored structure located immediately to the southwest of the Arctic Zone resource in the footwall of the Mastiff cross fault.
  • The Mid Zone, a fault bounded panel of the Bermingham Vein adjacent to and below the planned mining zone and in the hangingwall of the Bear and Bermingham Footwall Vein resource areas.
  • The NE Zone, a fault offset panel of the Bear Vein in the footwall of the Ruby B fault, located 200 m northeast of the current resource area.

Bermingham Drill Composite Assay Interval Highlights

Refer to Table 1 for drill hole details, Figure 1 for drill hole locations and Table 2 for complete results. All true widths are calculated from modelled vein attitude and drill hole intercept orientation.

In the SW ZONE:

  • K-17-0658 intersected the Bear Vein grading 1,547 g/t (49.73 oz/t) Ag over a true width of 5.15 m from 375.40 m.
  • K-17-0668 intersected the Bermingham Vein grading 1,447 g/t (46.53 oz/t) Ag, over a true width of 4.18 m from 352.25 m, including an interval of 6,730 g/t (216.38 oz/t) Ag over a true width of 0.66 m from 355.10 m.
  • The hole also intersected the Bear Vein grading 1,469 g/t (47.24 oz/t) Ag over a true width of 2.21 m from 370.25.
  • K-17-0653 intersected the Bermingham Vein grading 1,678 g/t (53.96 oz/t) Ag over a true width of 3.40 m from 350.48 m.
  • K-17-0641 intersected the Bermingham Vein grading 1,190 g/t (38.26 oz/t) Ag over a true width of 2.44 m from 341.33m.
  • K-17-0645 intersected the Bermingham Vein grading 2,056 g/t (66.10 oz/t) Ag over a true width of 1.09 m from 347.27 m.
  • K-17-0662 intersected the Bermingham Vein grading 2,757 g/t (88.64 oz/t) Ag over a true width of 1.03 m from 305.11 m.
  • K-17-0664 intersected the Bermingham Vein grading 6,620 g/t (212.84 oz/t) Ag over a true width of 0.53 m from 359.50 m.

In the MID ZONE below the planned mine blocks:

  • K-17-0643 intersected the Bermingham Vein grading 2,464 g/t (79.23 oz/t) Ag over a true width of 5.01 m from 399.40 m, including a 0.70 m true width interval grading 12,003 g/t (385.91 oz/t) Ag from a depth of 404.20 m.

In the NE ZONE:

  • K-17-0659 intersected the Bear Vein grading 1,214 g/t (39.02 oz/t) Ag over a true width of 5.05 m from 311.50 m, that included 3,180 g/t (102.24 oz/t) Ag over a true width of 0.14 m from 311.50 m, and 2,096 g/t (67.38 oz/t) Ag over a true width of 2.65 m from 314.30 m.
  • K-17-0663 intersected the Bear Vein grading 2,518 g/t (80.95 oz/t) Ag over a true width of 4.20 m from 331.80 m, that included 8,905 g/t (286.30 oz/t) Ag over a true width of 1.10 m from 334.50 m.
  • K-17-0669 intersected the Bear Vein grading 704 g/t (22.64 oz/t) Ag over a true width of 3.76 m from 321.07 m, that included 2,567 g/t (82.54 oz/t) Ag over a true width of 0.97 m from 325.19 m.
  • K-17-0671 intersected the Bermingham Vein grading 10,126 g/t (325.55 oz/t) Ag over a true width of 0.21 m from 271.05 m.

The emerging geological picture at Bermingham is one of a complex system of interconnected mineralized vein shoots related to a strong hydrothermal fluid system. The 2017 program confirms the occurrence of high grade silver intervals along the known 700 m strike length of the Bermingham Vein system where mineral deposition has occurred preferentially in a north-northeast orientation and where local structural - stratigraphic conditions controlled the distribution of high and "lower" grade areas.

The Bermingham system remains open at depth where it enters the same stratigraphy that hosted the adjacent Hector-Calumet mine which historically produced 96 million ounces silver. Current results confirm that the mineralized system is well developed at depth with significant intersections such as the Bear Vein in the southwestern extension of the Arctic Zone at a vertical depth of 425 m below surface with an intercept of 1,355 g/t (43.56 oz/t) Ag over true width of 1.24 m in drill hole K-17-0660.

The opportunity to follow this well-developed mineralized system to depth will ultimately be tested from underground as the proposed mine is developed.

Four exploration holes were completed near the intersection of the Ruby and Townsite veins adjacent to the historically producing Ruby Mine (approximately 260 m to the NE of the Bermingham area). These produced an intersection of 1,040 g/t (33.4 oz/t) Ag over a true width of 1.18 m from 131.05 m in hole K-17-0642 and represents a possible Ruby Vein offset in an untested northeast extension of the historic Ruby mine approximately 400 m from the current Bermingham resource area.

The mineralogy of the Bermingham system is characterized by the presence of a complex silver bearing mineral assemblage including pyrargyrite (ruby silver), freibergite, argentiferous galena, stephanite, polybasite and wire silver in a dominantly sideritic gangue. The mineralized structures exhibit textures indicative of prolific fluid flow, hydro-brecciation, and fluid boiling during several pulses of mineral deposition and fault movement.

Bermingham Underground Development

Following receipt of an amended Class IV permit in August 2017, underground activity to establish and drive an approximate 580 m decline to the Bermingham deposit commenced. At present the 3.7 m x 3.7 m ramp has been advanced approximately 135 m and is targeted for completion in the first quarter of 2018. Once complete, a 5,000 m underground drill program will target infill and extension drilling of the proposed Bear Vein and other potential mining zones including areas which have been identified as a result of the 2017 surface exploration program. Work to advance the Bermingham ramp is continuing into the winter and is being carried out by Alexco's underground operations group supported by on-site geologists and engineers. A total of approximately 30 employees are dedicated to this project.

Notes

Details of the drill holes are shown in Table 1. Composite assay grades and intervals, calculated at a 30 g/t Ag cutoff restricted to include a maximum of two meters unmineralized dilution, used to identify the mineralized zones are shown in Table 2. The locations of the drill holes are shown in Figure 1 and are available for review on the Company's website at www.alexcoresource.com.

The 2017 exploration drill program and sampling protocol has been reviewed, verified and compiled by Alexco's geologic staff under the supervision of Alan McOnie, Vice President, Exploration for Alexco and a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"). A rigorous quality control and quality assurance protocol is used on the project, including blank, duplicate and standard reference samples in each batch of 20 samples delivered to the assay lab. Drill core samples were direct shipped to ALS Minerals Lab at Whitehorse, Yukon for preparation, and to the ALS Minerals facility in North Vancouver, British Columbia for fire assay, multi-element ICP and overlimit analyses.

The disclosure of all other scientific and technical information contained in this news release regarding projects on Alexco's  mineral properties have  has also been reviewed and approved by Mr. Alan McOnie, FAusIMM, Alexco's Vice President, Exploration and a Qualified Person as defined by NI 43-101.

About Alexco

Alexco Resource Corp. holds the historical high grade Keno Hill Silver District located in Canada's Yukon Territory.  Employing a unique business model, Alexco also provides mine-related environmental services, remediation technologies and reclamation and mine closure services to both government and industry clients through the Alexco Environmental Group, its wholly-owned environmental services division.

Please visit the Alexco website at www.alexcoresource.com.

Some statements ("forward-looking statements") in this news release contain forward-looking information concerning Alexco's anticipated results and developments in Alexco's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future, made as of the date of this news release.  Forward-looking statements may include, but are not limited to, statements with respect to the future remediation and reclamation activities, future mineral exploration, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, future mine construction and development activities, future mine operation and production, the timing of activities and reports, the amount of estimated revenues and expenses, the success of exploration activities, permitting time lines, requirements for additional capital and sources and uses of funds.  Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements.  Such factors include, among others, risks related to actual results and timing of exploration and development activities; actual results and timing of mining activities; actual results and timing of environmental services activities; actual results and timing of remediation and reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of silver, gold, lead, zinc and other commodities; possible variations in mineable resources, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; First Nation rights and title; continued capitalization and commercial viability; global economic conditions; competition; and delays in obtaining governmental approvals or financing or in the completion of development activities.  Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made.  In making the forward-looking statements included in this news release, Alexco has applied several material assumptions, including, but not limited to, the assumption that Alexco will be able to raise additional capital as necessary, that the proposed exploration and development will proceed as planned, and that market fundamentals will result in sustained silver, gold, lead and zinc demand and prices.  There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Alexco expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

 

APPENDICES

Table 1 – Drill Hole Details

Hole

Easting (m)

Northing (m)

Elevation (m)

Length (m)

Surface Azimuth (true)

Surface Inclination

Date Started

Date Completed

K-17-0634**

478827.18

7086960.73

1308.66

226.00

352.0

-45.0

01/06/2017

06/06/2017

K-17-0635**

478628.16

7087107.17

1257.82

148.00

35.0

-50.0

31/05/2017

03/06/2017

K-17-0636

479245.37

7086598.77

1364.15

494.30

275.0

-60.0

04/06/2017

13/06/2017

K-17-0637**

478695.32

7087176.99

1255.39

184.00

35.0

-50.0

04/06/2017

07/06/2017

K-17-0638

478918.14

7087045.28

1302.76

155.00

309.0

-46.0

06/06/2017

09/06/2017

K-17-0639**

478747.01

7087264.08

1248.46

88.00

35.0

-48.0

07/06/2017

08/06/2017

K-17-0640

478948.55

7086988.03

1299.65

259.00

286.0

-48.0

09/06/2017

13/06/2017

K-17-0641

479090.33

7086610.97

1357.01

423.00

319.0

-65.0

10/06/2017

20/06/2017

K-17-0642

479215.22

7087160.34

1307.33

279.00

285.0

-48.0

14/06/2017

18/06/2017

K-17-0643

479242.07

7086597.27

1364.06

500.00

334.0

-66.0

13/06/2017

23/06/2017

K-17-0644

479216.81

7087161.75

1307.40

277.00

315.0

-65.0

18/06/2017

22/06/2017

K-17-0645

479095.11

7086616.12

1357.04

454.00

303.0

-66.0

20/06/2017

01/07/2017

K-17-0646

479347.48

7087037.99

1332.86

337.00

345.0

-62.0

23/06/2017

27/06/2017

K-17-0647*

479241.80

7086596.95

1364.03

83.00

327.0

-71.0

24/06/2017

25/06/2017

K-17-0648*

479242.63

7086595.83

1364.20

84.40

325.0

-71.0

26/06/2017

27/06/2017

K-17-0649

479235.85

7086592.54

1363.72

509.00

328.0

-71.0

28/06/2017

08/07/2017

K-17-0650

479350.74

7087042.00

1333.01

283.00

266.0

-68.0

28/06/2017

01/07/2017

K-17-0651

479094.99

7086616.25

1357.00

408.50

303.0

-60.0

01/07/2017

12/07/2017

K-17-0652

479236.25

7086593.16

1363.70

491.00

344.0

-60.0

09/07/2017

20/07/2017

K-17-0653

479094.86

7086615.52

1356.93

470.00

289.0

-67.0

13/07/2017

26/07/2017

K-17-0656

479475.86

7087024.23

1346.61

446.25

305.0

-63.0

19/07/2017

26/07/2017

K-17-0657

479085.26

7086523.25

1363.09

488.00

307.0

-64.0

20/07/2017

30/07/2017

K-17-0658

479094.51

7086615.13

1356.89

409.50

283.0

-59.5

26/07/2017

05/08/2017

K-17-0659

479474.31

7087023.36

1346.72

345.00

285.0

-55.0

26/07/2017

01/08/2017

K-17-0660

479085.38

7086522.96

1363.04

545.00

292.0

-66.0

30/07/2017

11/08/2017

K-17-0661

479474.91

7087023.25

1346.81

386.00

285.0

-59.0

02/08/2017

07/08/2017

K-17-0662

479095.46

7086615.51

1356.98

341.00

300.0

-55.0

06/08/2017

13/08/2017

K-17-0663

479475.98

7087022.93

1346.94

350.00

270.0

-53.0

08/08/2017

13/08/2017

K-17-0664

479085.43

7086524.09

1363.08

444.00

304.5

-57.0

12/08/2017

20/08/2017

K-17-0665

479476.48

7087022.93

1346.94

413.00

270.0

-56.0

13/08/2017

21/08/2017

K-17-0666*

479463.00

7086843.00

1360.00

29.65

305.0

-50.0

14/08/2017

14/08/2017

K-17-0667

479463.90

7086840.79

1359.69

428.00

300.0

-50.0

14/08/2017

24/08/2017

K-17-0668

479085.68

7086525.14

1362.99

413.00

317.0

-53.0

20/08/2017

27/08/2017

K-17-0669

479475.34

7087023.05

1346.88

341.00

296.0

-53.0

21/08/2017

26/08/2017

K-17-0670

479235.61

7086594.12

1363.85

482.00

337.0

-62.0

24/08/2017

04/09/2017

K-17-0671

479474.08

7087023.62

1346.81

344.00

295.0

-49.5

26/08/2017

01/09/2017

K-17-0672

479086.41

7086525.25

1363.04

412.00

324.0

-66.0

27/08/2017

03/09/2017

K-17-0673

479476.26

7087019.24

1347.19

338.00

273.0

-50.5

01/09/2017

06/09/2017

K-17-0674

479085.05

7086524.33

1363.02

467.00

305.0

-60.0

03/09/2017

10/09/2017

K-17-0675

479345.84

7087038.75

1332.85

257.00

275.0

-71.0

06/09/2017

10/09/2017

Bermingham Total Drilling


13,832.60


*Hole abandoned

** Decline Investigation Surface Hole

Coordinates are in map projection UTM NAD 83Z8

Table 2 – 2017 Bermingham Assay Composites


Hole


From (m)

To (m)

Interval (m)

Est. True Width (m)1

Ag (g/t)

Ag oz/t

Pb %

Zn %

Au (g/t)

Vein 2

SW ZONE

K-17-0636


467.82

471.40

3.58

3.15

406

13.04

0.69

1.38

0.20

BM

Including 

471.11

471.40

0.29

0.26

3,720

119.60

2.01

3.41

1.19














K-17-0641


250.49

254.08

3.59

3.05

50

1.60

0.30

1.44

0.04



340.55

346.35

5.80

4.93

699

22.46

1.19

1.68

0.11

BM

Including 

341.33

344.20

2.87

2.44

1,190

38.26

2.21

3.30

0.17



357.08

360.37

3.29

2.80

123

3.95

0.19

0.59

0.03


Including 

357.08

357.57

0.49

0.31

661

21.25

0.38

2.39

0.21



366.33

370.84

4.51

2.82

679

21.84

3.21

1.19

0.09

FW

Including 

369.52

370.84

1.32

0.83

2,270

72.98

10.30

2.39

0.22



374.26

398.20

23.94

14.96

241

7.76

0.49

0.79

0.03

BR

Including 

377.00

377.50

0.50

0.31

800

25.72

0.16

0.26

0.19


and

382.20

384.72

2.52

1.57

498

16.01

0.23

1.92

0.06


and

390.60

391.47

0.87

0.54

1,350

43.40

2.19

4.20

0.16



405.42

406.15

0.73

0.46

53

1.70

0.00

0.14

-0.01














K-17-0645


284.30

285.05

0.75

0.61

75

2.40

0.21

1.15

0.08



291.40

291.65

0.25

0.20

82

2.64

0.76

0.02

0.27



347.27

348.62

1.35

1.09

2,056

66.10

1.02

1.59

0.33

BM

Including 

348.30

348.62

0.32

0.26

8,180

263.00

2.86

0.09

0.72



396.85

398.18

1.33

0.73

1,941

62.41

5.16

1.14

0.23

FW

Including 

396.85

397.90

1.05

0.58

2,380

76.52

5.77

1.27

0.28



402.50

411.85

9.35

5.46

311

10.01

0.74

0.23

0.06

BR

Including 

403.40

405.84

2.44

1.42

929

29.88

1.36

0.17

0.09














K-17-0651


324.15

327.20

3.05

2.50

475

15.26

1.72

0.97

0.09

BM

Including 

325.30

325.90

0.60

0.49

2,160

69.45

7.99

1.91

0.34



334.55

334.85

0.30

0.25

95

3.04

0.81

0.28

0.01



359.00

360.30

1.30

1.21

88

2.83

0.40

0.60

0.01

FW


365.00

365.60

0.60

0.35

2,400

77.16

1.48

0.68

0.25



372.70

374.45

1.75

1.02

1,030

33.12

2.34

0.38

0.14

BR

Including 

372.70

373.65

0.95

0.55

1,730

55.62

4.16

0.49

0.21














K-17-0653


350.48

361.18

10.70

8.62

783

25.17

0.82

0.76

0.10

BM

Including 

350.48

354.70

4.22

3.40

1,678

53.96

1.83

1.13

0.19


and

360.25

360.78

0.53

0.43

1,625

52.25

0.19

0.33

0.14



428.00

429.50

1.50

0.88

1,279

41.11

0.35

0.08

0.28

BR

Including 

428.00

428.75

0.75

0.44

2,520

81.02

0.31

0.15

0.53














K-17-0657


400.15

401.25

1.10

0.90

114

3.67

0.49

2.10

0.21



449.36

449.43

0.07

0.06

1,600

51.44

1.83

2.03

0.16

BM


456.75

460.70

3.95

2.54

547

17.60

0.86

0.37

0.17

BR

Including 

457.70

460.15

2.45

1.58

777

24.97

1.12

0.40

0.10














K-17-0658


328.50

329.95

1.45

1.18

946

30.40

1.12

12.50

0.19

BM

Including 

328.50

329.20

0.70

0.57

1,800

57.87

2.13

24.90

0.26



375.40

383.35

7.95

5.15

1,547

49.73

8.00

0.56

0.18

BR













K-17-0660


473.45

473.90

0.45

0.28

105

3.38

0.98

3.09

0.10



478.55

490.80

12.25

7.60

321

10.33

1.50

0.31

0.09

BR

Including 

485.00

487.00

2.00

1.24

1,355

43.56

5.30

0.11

0.32















SW ZONE

K-17-0662


302.97

306.58

3.61

3.25

972

31.26

1.31

1.57

0.11

BM

Including 

305.11

306.26

1.15

1.03

2,757

88.64

3.78

2.41

0.21



308.75

309.56

0.81

0.73

65

2.10

0.19

1.32

0.07



317.75

319.40

1.65

1.29

51

1.65

0.07

0.06

0.01



323.00

324.75

1.75

1.37

537

17.26

1.37

0.83

0.06

BR

Including 

323.85

324.75

0.90

0.70

1,011

32.52

2.46

1.42

0.11














K-17-0664


359.50

361.55

2.05

1.89

1,950

62.70

5.62

3.62

0.13

BM

Including 

359.50

360.08

0.58

0.53

6,620

212.84

17.80

12.10

0.40



381.40

389.35

7.95

5.97

221

7.11

0.63

0.40

0.03

BR

Including 

386.56

387.30

0.74

0.56

1,415

45.49

4.45

0.86

0.12














K-17-0668


344.57

347.95

3.38

3.18

343

11.02

1.17

0.22

0.04

BM

Including 

344.57

344.90

0.33

0.31

833

26.78

2.12

0.26

0.10


and

347.85

347.95

0.10

0.09

7,530

242.10

27.50

2.56

0.30



352.25

356.70

4.45

4.18

1,447

46.53

0.96

2.78

0.08

BM

Including 

352.25

352.45

0.20

0.19

7,110

228.60

4.43

5.35

0.49


and

355.10

355.80

0.70

0.66

6,730

216.38

4.40

7.40

0.29



358.80

363.80

5.00

4.70

119

3.82

0.28

1.61

0.02

BM


367.05

373.08

6.03

4.70

726

23.35

1.59

3.98

0.06

BR

Including 

370.25

373.08

2.83

2.21

1,469

47.24

3.23

8.20

0.11














K-17-0672


391.25

399.10

7.85

6.88

500

16.09

0.65

0.66

0.16

BM

Including 

391.25

395.50

4.25

3.72

786

25.27

1.04

0.57

0.25














K-17-0674


385.65

386.32

0.67

0.47

107

3.44

0.80

0.71

0.03



392.11

393.70

1.59

1.11

718

23.10

1.33

4.19

0.12

BM

Including 

392.57

393.70

1.13

0.79

984

31.65

1.81

5.73

0.16



428.00

434.30

6.30

4.35

176

5.67

1.53

2.28

0.17

BR

Including 

429.92

430.34

0.42

0.29

1,350

43.40

8.68

10.25

0.37
















Hole


From (m)

To (m)

Interval (m)

Est. True Width (m)1

Ag (g/t)

Ag oz/t

Pb %

Zn %

Au (g/t)

Vein 2

MID ZONE

K-17-0643


399.40

406.00

6.60

5.01

2,464

79.23

2.28

1.34

0.37

BM

Including 

399.40

401.70

2.30

1.61

1,384

44.50

4.72

2.28

0.22


and

404.20

405.20

1.00

0.70

12,003

385.91

0.52

0.41

1.54



460.35

461.55

1.20

0.84

37

1.19

0.02

0.01

0.07

FW













K-17-0652


410.90

412.15

1.25

0.95

74

2.36

0.10

0.02

0.06

BM


425.07

435.10

10.03

7.02

310

9.96

1.19

0.47

0.10

FW

Including 

425.07

425.20

0.13

0.09

2,370

76.20

10.15

1.80

0.21



450.20

450.45

0.25

0.18

2,320

74.59

11.30

0.02

0.21



456.75

457.20

0.45

0.33

32

1.03

0.03

0.02

0.02



467.00

467.50

0.50

0.37

3,900

125.39

0.47

0.15

0.64

BR













K-17-0670


378.47

382.30

3.83

2.73

857

27.54

0.23

1.10

0.17

BM

Including 

378.47

379.22

0.75

0.53

4,219

135.64

0.65

4.90

0.80



393.01

393.53

0.52

0.37

49

1.57

0.04

1.76

0.18

BM


396.82

401.38

4.56

3.25

207

6.67

1.49

1.64

0.04

BM

Including 

397.53

398.00

0.47

0.33

1,530

49.19

12.60

11.80

0.19



426.53

427.01

0.48

0.35

331

10.64

3.11

0.59

0.07

FW














NE ZONE

K-17-0646


203.00

205.54

2.54

1.94

290

9.33

0.27

0.65

0.06

BM

Including 

203.00

203.30

0.30

0.23

1,870

60.12

1.61

0.67

0.18



210.90

215.24

4.34

3.32

157

5.03

0.55

0.40

0.03


Including 

214.90

215.24

0.34

0.26

702

22.57

4.25

0.77

0.13



284.40

284.98

0.58

0.24

377

12.12

0.07

0.46

0.11

BR













K-17-0650


216.27

217.18

0.91

0.64

100

3.21

0.73

1.07

0.06



228.30

229.20

0.90

0.63

796

25.59

11.45

0.30

0.06

BM


232.50

233.36

0.86

0.46

92

2.96

0.17

0.58

0.02



237.12

238.00

0.88

0.47

659

21.19

4.66

0.35

0.08

BR













K-17-0656


299.73

304.20

4.47

3.67

36

1.15

0.21

0.21

0.01

BM


377.00

378.20

1.20

0.93

50

1.59

0.03

0.04

0.01

BR













K-17-0659


291.93

292.70

0.77

0.71

3,240

104.17

6.67

0.69

0.22

BM


296.20

297.05

0.85

0.78

53

1.71

0.33

0.40

0.03

BM


311.50

318.00

6.50

5.06

1,214

39.02

2.47

2.52

0.20

BR

Including 

311.50

311.68

0.18

0.14

3,180

102.24

11.50

2.32

0.23


and

314.30

317.70

3.40

2.65

2,096

67.38

3.61

4.31

0.32














K-17-0661


303.56

307.37

3.81

3.24

394

12.68

1.98

1.54

0.08

BM

Including 

303.56

306.87

3.31

2.82

377

12.14

1.99

1.10

0.05



359.70

362.27

2.57

1.75

53

1.70

0.16

0.77

0.04

BR













K-17-0663


331.80

337.35

5.55

4.20

2,518

80.95

2.57

3.14

0.30

BR

Including 

331.80

332.35

0.55

0.42

766

24.63

1.58

6.82

0.56


and

334.50

335.95

1.45

1.10

8,905

286.30

8.56

5.34

0.82














K-17-0665


316.00

317.60

1.60

1.37

390

12.53

1.75

1.39

0.05

BM


333.75

340.25

6.50

4.81

80

2.56

0.55

0.64

0.08



344.95

345.63

0.68

0.50

60

1.94

0.22

1.81

0.05

BR













K-17-0667


399.32

400.18

0.86

0.69

49

1.58

0.40

0.03

0.01

BR













K-17-0669


283.22

283.77

0.55

0.51

56

1.81

0.21

0.91

0.04

BM


287.60

288.22

0.62

0.57

49

1.57

0.38

1.56

0.30

BM


321.07

326.62

5.55

3.76

704

22.64

1.92

2.70

0.09

BR

Including 

325.19

326.62

1.43

0.97

2,567

82.54

7.00

9.07

0.30














K-17-0671


271.05

271.27

0.22

0.21

10,126

325.55

24.86

1.15

1.34

BM


278.51

281.22

2.71

2.60

18

0.59

0.18

0.85

0.00

BM


289.86

290.73

0.87

0.63

138

4.44

2.04

0.26

0.06

BR













K-17-0673


312.80

313.08

0.28

0.24

38

1.21

0.33

0.68

0.05



317.61

319.65

2.04

1.72

93

3.00

0.14

1.96

0.01

BR














RUBY

K-17-0642


131.05

132.42

1.37

1.18

1,040

33.44

1.43

2.03

0.17

RB















Table 2

2017 Bermingham Assay Composites. 










Calculated at 30g/t Ag cut-off with a maximum of two metres unmineralized internal dilution.


















1

Estimated True Width calculated from modelled vein attitude and drill hole intercept orientation.





2

Correlated Vein: BM = Bermingham, FW = Bermingham Footwall, BR = Bear, Rb = Ruby.







Intervals  calculated at + 600 g/t Ag with a maximum of two metres unmineralized internal dilution.

















 

Alexco Resource Corp. (CNW Group/Alexco Resource Corp.)

SOURCE Alexco Resource Corp.

Copyright 2017 PR Newswire

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