VANCOUVER, April 12, 2018 /CNW/ - Alexco Resource
Corp. (NYSE American: AXU, TSX: AXR) ("Alexco" or the
"Company") is pleased to announce the appointment of
Karen McMaster to the Board of
Directors (the "Board") effective immediately. Ms. McMaster's
extensive history in the mining industry has been primarily
focussed on legal counsel for environmental matters as well as
exploration and mine development. In addition to law Ms. McMaster
has a MBA in Sustainability and has occupied a number of roles
including legal counsel & investor relations advisor for
Caledonia Mining Corporation, legal counsel for Rio Algom Limited
and internal auditor for BHP Billton PLC.
Clynt Nauman, Alexco CEO and
Chairman commented, "We are very pleased to have Karen join our
Board. With over 25 years of experience working in the mining
sector focussing on environmental and sustainability matters as
well as First Nations and community work, we look forward to Karen
being an important contributor to the growth of our overall
business including our environmental business, AEG."
About Alexco
Alexco owns 100% of the high-grade Keno Hill Silver District
("KHSD") in Canada's Yukon. Alexco published an updated Preliminary
Economic Assessment ("PEA") in March
2017 which anticipates the sequential development of four
high grade silver deposits over an eight year mine life to produce
more than a million tonnes with an average grade of 843 grams per
tonne ("g/t"), 3.3% lead and 4.2% zinc. Silver production is
anticipated to be approximately 3.5 million ounces per year.
Employing a unique business model, the Alexco Environmental
Group also provides mine-related environmental services,
remediation technologies and reclamation and mine closure services
to both government and industry clients.
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 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 implement
the restructuring without negative consequences, 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.
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SOURCE Alexco Resource Corp.