UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form 6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2019. |
Commission File
Number 001-33621 |
ALEXCO RESOURCE
CORP.
(Translation
of registrant's name into English)
Suite 1225,
Two Bentall Centre
555 Burrard
Street, Box 216
Vancouver,
BC V7X 1M9 Canada
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
SUBMITTED
HEREWITH
SIGNATURES
Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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ALEXCO RESOURCE CORP. |
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(Registrant) |
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By: |
/s/ Mike Clark |
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Date: June 27, 2019 |
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Mike Clark
Chief Financial Officer |
Exhibit 99.1
Alexco Commences 2019 Keno Hill Exploration
Program and Advances Surface Capital Construction Program
VANCOUVER, June 27, 2019 /CNW/ - Alexco
Resource Corp. (NYSE American: AXU) (TSX: AXR) ("Alexco" or the "Company") is pleased to announce
the commencement of its 2019 summer surface exploration drilling program in the Keno Hill Silver District, focusing exploration
in the vicinity of its Bermingham deposit where an indicated resource (including reserves) totalling 32.9 million ("M")
ounces ("oz") of silver ("Ag") at an average grade of 930 grams per tonne ("g/t") Ag has been defined
(see news release dated May 8, 2019, entitled "Alexco Files Technical Report on the Pre-Feasibility Study for Expanded Silver
Production at Keno Hill Silver District"). The deposit remains open to the northeast and at depth into stratigraphic levels
inferred to have controlled the deposition of the adjacent Hector-Calumet deposit that historically produced 96 M oz Ag at a recovered
grade of 1,213 g/t Ag.
Along with the surface drilling program, Alexco
has also commenced surface capital construction activities consistent with work outlined in the recently published pre-feasibility
study ("PFS"). Initial capital work is focused on installation of the underground production-related portal infrastructure
at the Bermingham decline, as well as installation of surface facilities, services and infrastructure to support future production.
Highlights of the 2019 Surface Exploration
Program
- Alexco has initiated a minimum 7,500 meters, $2.25 M direct
surface exploration diamond drilling program.
- The program will comprise approximately 20 drill holes,
commencing with two drills on the Bermingham deposit, where at least ten holes will target local extensions of the shallower Northeast
Zone, as well as systematically test the continuity and tenor of the high grade Bermingham mineralization at depth.
- At least six holes will be targeted to further trace mineralization
near the Bermingham deposit and will include preliminary work to better understand the newly discovered continuation of the trend
of Hector-Calumet - Bermingham mineralization southwest of the Brefalt fault.
- The surface drilling program is scheduled to be completed
in September 2019, but can be extended if warranted.
In addition to the priority drill exploration
to be conducted around Bermingham, the Company is also focused on other exploration designed to follow up on testing of blind mineralized
structures, with signatures similar to that of Bermingham, that extend under shallow cover as identified by the detailed aerial
geophysical survey conducted in late 2018. This represents a high priority exploration target area on the northern slopes of Galena
Hill, where a combined total of 137 M oz Ag has been historically produced from the Hector–Calumet, Elsa-Dixie, No Cash,
Bermingham and Ruby mines1, as well as containing the newly discovered 32.9 M oz indicated Ag resource at Bermingham.
Clynt Nauman, Alexco CEO and Chairman commented,
"After filing the positive PFS for Keno Hill last month, we have turned our attention to our 2019 exploration campaign while
we wait for authorization of the final amendment of our Water Use Licence for ore production from the Bermingham deposit. As promised,
we are continuing our measured and disciplined approach toward a final production decision pending completion of the permitting
process."
1. Cathro, R.J. 2006. Great Mining Camps of Canada 1. The History and Geology of the Keno Hill Silver Camp, Yukon Territory. Geoscience Canada, Vol. 33. |
Construction Update
Site infrastructure construction projects are
currently underway with a primary focus on projects that need to be completed for ore production from the Bermingham deposit. Installation
of a multiplate portal cover at the entrance to the Bermingham decline is currently in progress and will be followed by construction
of a coarse ore storage pad and facility and a lined water treatment pond in anticipation of the future water treatment plant at
Bermingham. Civil excavation of the Bermingham maintenance shop base and completion of the haul road from the Bermingham portal
to the Keno District mill are also in the 2019 project queue along with establishing additional camp bunkhouse facilities. These
projects are all included in the recently published PFS on the Keno Hill Silver project and completion of these infrastructure
improvements in 2019 will further de-risk the project in anticipation of a final underground development and production decision,
which is now totally keyed to completion of the permitting process.
Permitting Update
As previously noted, the Company has submitted
a water licence renewal application to the Yukon Water Board to renew the currently licenced Flame and Moth, Bellekeno, Lucky Queen
and Onek projects as well as including the Bermingham deposit for ore production and discharge of treated water. Once the licence
renewal process is complete, the Keno District Mine operations will be fully licenced until 2037. The water licence renewal application
is currently in the technical adequacy stage and the Company continues to work closely with the Yukon Water Board technical staff
to advance the application into the public comment stage. Given the current status of the Company's licence amendment application
and in consideration of other (third party) major licensing amendments already in progress at the Yukon Water Board, the Company
estimates that completion of the final Keno Hill licence amendment will be delayed into Q4 2019, which although delayed, is within
the Company's current development and production timelines for a restart of the Keno Hill Silver project.
Qualified Person
The disclosure in this news release of scientific
and technical nature regarding exploration projects on Alexco mineral properties has been reviewed and approved by Alan McOnie,
FAusIMM, Vice President, Exploration, while that regarding mine development and operations has been reviewed and approved by Neil
Chambers, P.Eng., Mine Superintendent, each of whom are Qualified Persons as defined by National Instrument 43-101 – Standards
of Disclosure for Mineral Projects ("NI 43-101").
About Alexco
Alexco owns the majority of the historic high-grade
Keno Hill Silver District in Canada's Yukon Territory. Alexco also operates a wholly-owned subsidiary business, Alexco Environmental
Group, that provides mine-related environmental services, remediation technologies and reclamation and mine closure services to
both government and industry clients in North America and elsewhere.
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.
View original content:http://www.prnewswire.com/news-releases/alexco-commences-2019-keno-hill-exploration-program-and-advances-surface-capital-construction-program-300876101.html
SOURCE Alexco Resource Corp.
View original content: http://www.newswire.ca/en/releases/archive/June2019/27/c9220.html
%CIK: 0001364128
For further information: Clynton R. Nauman, Executive Chairman
and Chief Executive Officer; Kettina Cordero, Director of Investor Relations; Phone: (778) 945-6577, Email: kcordero@alexcoresource.com,
www.alexcoresource.com
CO: Alexco Resource Corp.
CNW 08:08e 27-JUN-19
This regulatory filing also includes additional resources:
ex991.pdf
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