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.
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.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SOURCE Alexco Resource Corp.