![Figure 1 - Drill Hole Locations (CNW Group/Alexco Resource Corp.) Photo_Asset_1](http://photos.newswire.ca/images/20161208_C4989_PHOTO_EN_834449.jpg)
VANCOUVER, Dec. 8, 2016 /CNW/ - Alexco Resource Corp.
(TSX:AXR, NYSE‑MKT:AXU) ("Alexco" or the "Company") today announced results from the final 32 of 50 drill holes comprising
the balance of the 2016 diamond drill program in the Bermingham deposit area of the Keno Hill Silver District ("KHSD") in
Canada's Yukon Territory. Preliminary metallurgical test results
from Bermingham have also been received.
Numerous significant silver-rich intercepts have been received in the latest batch of Bermingham results including true width
intercepts ranging from 7.16 meters ("m") grading 4,375 grams per tonne ("g/t") (140.7 ounces per ton ("oz/t")) silver, and 3.98
meters grading 6,477 g/t (208.2 oz/t) silver in the extensively mineralized Bear Vein, to an initial intercept grading 1,676 g/t
(53.9 oz/t) silver over a true width of 0.51 meters in the newly identified and contiguous West Dipping Vein.
Metallurgical testing on mineralized material from the Bermingham deposit indicates expected silver and lead recoveries in the
94% to 96% range while producing a lead concentrate grading in excess of 60% lead and 30,000 g/t silver. Metallurgical parameters
used to achieve these results are consistent with the current flowsheet of the existing District Mill at Keno Hill.
Alexco President and CEO Clynt Nauman commented "In addition to excellent metallurgical results,
we now recognize four silver-rich mineralized vein sets in the Bermingham discovery area, the most important being the Bear
Vein that ranges in true width up to 7.49 meters at 87.3 oz/t silver (K-16-0608) and in grade up to 239.9 oz/t silver over 4.98
meters true width (K-15-0580) and has been traced with relatively close spaced drilling over a down-plunge extent of 270 meters
(over a vertical range of 230 meters) with an increased plunge width of up to 100 meters. The top of the deposit is approximately
160 meters from surface and the deposit remains open at depth.
The picture emerging from the Bermingham discovery is one reflecting the tenor and geometry of historically mined ores at Keno
Hill with these most recent results returning numerous very high grade intercepts ranging from 12 kilograms per tonne (387 oz/t)
silver over 2.1 meters true width to 33 kilograms per tonne (1,069 oz/t) over a narrower interval of 0.18 m true width. This
pattern is what makes Keno Hill the world class high grade silver district it is; and more importantly it demonstrates that new
high grade silver discoveries are still to be made even within one kilometer of the 90 million ounce producing historic
Hector-Calumet mine."
Bermingham Drill Composite Assay Interval Highlights (Refer to Table 2 for complete results)
- K-16-0611: intercepted the Bear Vein over a true width of 7.16 m from 275.38 m with a composite assay of 4,375
g/t (140.7 oz/t), including 0.31 m from 278.74 m at 12,666 g/t (407.2 oz/t) silver; 0.29 m from 288.37 m at 19,141 g/t (615.4
oz/t) silver, and 0.18m from 289.06 m at 33,271 g/t (1,069.7 oz/t) silver.
- K-16-0620: intercepted the Bear Vein over a true width of 3.98 m from 257.90 m with a composite assay of 6,477
g/t (208.3 oz/t), including nine intervals between 0.09 – 0.25 m in true width assaying over 200 oz/t silver up to a maximum of
0.18 m from 261.60 m at 26,069 g/t (838.2 oz/t) silver.
- K-16-0610: intercepted three veins including:
the Bear Vein over a true width of 1.84 m from 278.00 m with a composite assay of 1,894 g/t (60.9 oz/t) silver, that
included several narrow veinlets to 7 centimeters wide assaying over 200 oz/t silver including one from 282.14 m at 21,182 g/t
(681.0 oz/t) silver,
and the newly recognized West Dipping Vein over 0.51 m true width from 334.86 m with a composite assay of 1,676 g/t (53.9
oz/t) silver, including 0.22 m from 335.63 m at 3,583 g/t (115.2 oz/t) silver.
- K-16-0613 intercepted the Bear Vein over a true width of 2.1 m from 269.78 m with a composite assay of
1,371 g/t (44.1 oz/t) silver including 0.86 m from 270.20 m at 2,812 g/t (90.41 oz/t) silver.
- K-16-0626 intercepted the Bear Vein over a true width of 5.15 m from 376.1 m with a composite assay of 746 g/t
(24.0 oz/t) silver including 1.41 m from 380.2 m with a composite assay of 2,309 g/t (74.24 oz/t) silver.
While the assay results reported here are presented at the usual +30 g/t Ag composites (with up to two meters unmineralized
material), it is noteworthy that the calculation of similar composites at a 1,500 g/t (48.2 oz/t) silver cut off demonstrate the
extremely high grade nature of the deposit, with significant intercepts that include:
- 226.3 oz/t silver over 1.85 m true width from 304.44 m in K-16-0610;
- 158.0 oz/t silver over 3.60 m true width from 275.62 m and 407.9 oz/t silver over 1.04 m true width from 287.00 m in
K-16-0611;
- 77.8 oz/t silver over 1.21 m true width from 340.40 m in K-16-0615; and
- 387.4 oz/t silver over 2.11 m true width from 259.90 m in K-16-0620.
Metallurgy
Metallurgical test work using composited mineralized material from the Bermingham deposit is on-going at SGS Group Management SA
of Vancouver B.C. under the direction of International Metallurgical and Environmental Inc.
Preliminary test results confirm that the Bermingham high grade silver zone will have excellent metallurgical performance in the
District Mill that Alexco operates for the recovery of silver, lead and zinc.
Test work has demonstrated that silver and lead recoveries are expected to be in the range of 94% to 96%, while producing a lead
concentrate grading in excess of 60% lead and 30,000 g/t silver. Zinc recovery is predicted to be in the range of 70% to 75% to a
zinc concentrate grading in excess of 50% zinc. Metallurgical parameters used to achieve these results are consistent with the
operation of the existing process plant at Keno Hill, including primary grind targets and reagent utilization experienced during
active plant operations between 2011 and 2013.
The Bermingham zone material fits well into a metallurgical model, which incorporates data from a number of deposits in the KHSD
including the Bellekeno, Flame and Moth and Lucky Queen deposits.
Geology and Drilling
The 2016 Bermingham surface drill program was completed in early November with 50 drill holes totaling 17,371 m of diamond
drilling. This drilling has achieved resource definition coverage with intersections at 20 – 30 m centers confirming the size and
grades of the projected high grade shoot (see press release dated September 13 2016, entitled "Alexco
Confirms, Expands High Grade Silver Zone at Bermingham Deposit; Drilling Continues").
The additional results have confirmed the extremely high grades of the Bear Vein developed in a favourable structural
orientation approximately 50 m to the northeast of, and continuous with, the adjacent mineralized Bermingham and Bermingham
Footwall vein structures that have a current indicated resource estimate in the Etta and the Artic Zones (not including the
Bear Zone) of 377,000 tonnes with average grade of 430 g/t silver totaling 5.2 million ounces of silver (see news release dated
April 29, 2015, entitled "Alexco Announces Indicated Silver Resource Estimate Increases of 17% at
Flame & Moth and 37% at Bermingham, Resulting in a 10% Increase Overall for Keno Hill Silver District").
The Bear Vein mineralization lies in a position controlled by a flexure in the Bermingham and Bermingham Footwall vein-fault
structures and is located stratigraphically above the inferred unique stratigraphic and structural setting occupied by the adjacent
Hector-Calumet mine. Although the vein and fault geometry is complex, it has now been 3D modeled to include a previously unknown
highly mineralized west-dipping conjugate vein set. This work has additionally confirmed the position of and offset along a
post-mineral cross-fault at depth.
The drilling also confirmed that mineralized vein development does continue at depth into the favourable Hector-Calumet
stratigraphy, although less highly mineralized at the locations tested. The vein structure remains open at depth, as well as along
the Bermingham and Bermingham Footwall veins in the vicinity of existing mineralization where structural architecture similar to
that of the Bear Vein discovery remains untested.
The mineralogy of the Bear Zone 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 mineralization and fault movement.
A new resource estimation, that will link the mineralization in the vicinity of the Bear Vein to the existing Etta and Arctic
resource zones, is currently being prepared by SRK Consulting (Canada) Inc. and is anticipated to
be released prior to year end.
Beyond the exploration drilling and metallurgical test work, other work in the Bermingham area in 2016 has included completion
of hydrological well drilling and geotechnical investigation, as well as waste rock characterization studies to support permitting
activity.
Details of the drill holes are shown in Table 1. Composite assay grades and intervals, calculated at a 30 g/t silver 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 Figures 1 and 2 and are available for review on the Company's website at www.alexcoresource.com.
Notes
The 2016 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"). The metallurgical testing information in this news release has been
reviewed and verified by Jeffrey B. Austin P. Eng., President International Metallurgical and
Environmental Inc. and a Qualified Person as defined by 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 shipped through ALS Minerals Labs at Whitehorse, Yukon for preparation, fire assay, multi-element ICP and overlimit analyses completed at the ALS Minerals
facility in North Vancouver, British Columbia. The disclosure of scientific and technical
information about Alexco's mineral projects contained in this news release has also been reviewed and approved by Mr. McOnie.
About Alexco
Alexco Resource Corp. owns the Bellekeno silver mine, one of several mineral properties held by Alexco which encompass
substantially all of the historical 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.
Keno Hill Silver District History
Between 1921 and 1988, the Keno Hill Silver District was a world-class silver producer, with more than 217 million ounces of
silver produced at average grades of 44 oz/t silver, 6.7% lead and 4% zinc (Cathro 2006). These historical production grades
would rank Keno Hill in the top 3% by grade of today's global silver producers.
Some statements ("forward-looking statements") in this news release contain forward-looking information concerning the
Company's anticipated results and developments in the Company'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, the Company has applied several material
assumptions, including, but not limited to, the assumption 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. The Company 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.
Table 1
Location and Orientation of 2016 Bermingham Drill Holes Completed after August 31, 2016
Map Projection UTM NAD83 Zone 8
Hole
|
Easting (m)
|
Northing (m)
|
Elevation (m)
|
Length (m)
|
Surface Azimuth
|
Surface Dip
|
Date Started
|
Date Completed
|
K-16-0588
|
479180.98
|
7086840.95
|
1340.30
|
245.26
|
288.0
|
-59.0
|
11/06/2016
|
15/06/2016
|
K-16-0595
|
479116.99
|
7086850.81
|
1336.49
|
155.00
|
332.0
|
-58.0
|
28/06/2016
|
30/06/2016
|
K-16-0596
|
479239.37
|
7086601.30
|
1363.38
|
470.00
|
306.0
|
-59.0
|
29/06/2016
|
08/07/2016
|
K-16-0601
|
479157.24
|
7086675.64
|
1353.49
|
383.00
|
304.0
|
-64.0
|
17/07/2016
|
23/07/2016
|
K-16-0604
|
479157.28
|
7086676.37
|
1353.57
|
380.00
|
312.0
|
-57.0
|
23/07/2016
|
30/07/2016
|
K-16-0606
|
479157.29
|
7086676.15
|
1353.54
|
386.00
|
309.0
|
-61.0
|
30/07/2016
|
04/08/2016
|
K-16-0607*
|
479184.00
|
7086719.00
|
1351.00
|
50.00
|
328.0
|
-63.0
|
04/08/2016
|
05/08/2016
|
K-16-0609
|
479183.83
|
7086719.39
|
1350.93
|
341.00
|
328.0
|
-63.0
|
05/08/2016
|
10/08/2016
|
K-16-0610
|
478971.85
|
7086849.98
|
1330.25
|
435.50
|
111.0
|
-60.0
|
10/08/2016
|
19/08/2016
|
K-16-0611
|
479183.65
|
7086719.75
|
1350.97
|
308.00
|
328.0
|
-56.5
|
11/08/2016
|
16/08/2016
|
K-16-0612
|
479157.93
|
7086675.40
|
1353.57
|
404.00
|
306.0
|
-69.0
|
12/08/2016
|
19/08/2016
|
K-16-0613
|
479183.11
|
7086720.21
|
1350.99
|
295.60
|
326.0
|
-52.5
|
16/08/2016
|
21/08/2016
|
K-16-0614
|
478971.72
|
7086850.14
|
1330.37
|
326.00
|
113.5
|
-57.5
|
19/08/2016
|
24/08/2016
|
K-16-0615
|
479158.90
|
7086676.11
|
1353.62
|
362.00
|
320.0
|
-70.5
|
19/08/2016
|
24/08/2016
|
K-16-0616
|
479182.88
|
7086719.51
|
1351.06
|
341.20
|
304.0
|
-68.0
|
22/08/2016
|
27/08/2016
|
K-16-0617
|
478972.12
|
7086850.67
|
1330.39
|
320.40
|
98.0
|
-56.5
|
24/08/2016
|
30/08/2016
|
K-16-0618
|
479157.72
|
7086673.74
|
1353.64
|
478.00
|
283.0
|
-67.0
|
24/08/2016
|
02/09/2016
|
K-16-0619
|
479263.95
|
7086790.93
|
1347.93
|
329.00
|
292.5
|
-54.0
|
27/08/2016
|
03/09/2016
|
K-16-0620
|
478971.60
|
7086850.64
|
1330.35
|
319.00
|
98.0
|
-57.5
|
30/08/2016
|
04/09/2016
|
K-16-0621
|
479153.62
|
7086672.51
|
1353.53
|
593.00
|
248.0
|
-69.0
|
02/09/2016
|
14/09/2016
|
K-16-0622
|
479265.61
|
7086791.91
|
1347.72
|
381.60
|
315.0
|
-75.0
|
03/09/2016
|
13/09/2016
|
K-16-0623
|
478971.74
|
7086851.06
|
1330.33
|
327.75
|
82.0
|
-53.0
|
05/09/2016
|
11/09/2016
|
K-16-0624
|
479191.78
|
7086714.90
|
1351.60
|
353.00
|
318.0
|
-64.5
|
12/09/2016
|
18/09/2016
|
K-16-0625
|
479240.19
|
7086603.19
|
1363.51
|
508.00
|
307.0
|
-65.0
|
13/09/2016
|
25/09/2016
|
K-16-0626
|
479156.53
|
7086675.20
|
1353.81
|
434.00
|
289.0
|
-66.0
|
14/09/2016
|
20/09/2016
|
K-16-0627*
|
479190.50
|
7086716.42
|
1351.73
|
83.00
|
328.0
|
-55.0
|
19/09/2016
|
20/09/2016
|
K-16-0628
|
479190.14
|
7086713.15
|
1351.75
|
419.33
|
275.0
|
-77.5
|
20/09/2016
|
27/09/2016
|
K-16-0629
|
479383.59
|
7086566.19
|
1374.69
|
605.00
|
307.0
|
-56.0
|
21/09/2016
|
03/10/2016
|
K-16-0630*
|
479240.84
|
7086602.81
|
1363.39
|
271.40
|
307.0
|
-79.0
|
26/09/2016
|
30/09/2016
|
K-16-0631
|
479190.39
|
7086713.15
|
1351.67
|
472.00
|
275.0
|
-85.0
|
27/09/2016
|
08/10/2016
|
K-16-0632
|
479241.20
|
7086602.51
|
1363.45
|
656.00
|
307.0
|
-79.0
|
30/09/2016
|
28/10/2016
|
K-16-0633
|
479193.76
|
7086686.97
|
1354.18
|
404.05
|
335.0
|
-68.0
|
08/10/2016
|
16/10/2016
|
Table 2
Assay Composites Calculated for 2016 Bermingham Drill Holes with Assays Completed after August
31, 2016
Using 30 g/t cut-off with a maximum of two meters unmineralized internal dilution
|
|
|
|
|
|
|
|
|
|
|
Hole
|
|
From (m)
|
To (m)
|
Interval (m)
|
True Width (m)
|
Ag (g/t)
|
Ag (oz/t)
|
Pb (%)
|
Zn (%)
|
Au (g/t)
|
K-16-0596
|
|
391.55
|
392.00
|
0.45
|
0.32
|
101
|
3.25
|
0.17
|
4.08
|
0.33
|
|
|
395.51
|
397.62
|
2.11
|
1.52
|
911
|
29.30
|
0.28
|
0.23
|
0.31
|
|
including
|
395.51
|
396.62
|
1.11
|
0.80
|
1,680
|
54.01
|
0.44
|
0.26
|
0.48
|
|
|
417.00
|
417.72
|
0.72
|
0.01
|
324
|
10.42
|
0.74
|
0.06
|
0.04
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0601
|
|
340.85
|
344.00
|
3.15
|
2.67
|
387
|
12.44
|
0.35
|
1.47
|
0.17
|
|
|
346.55
|
348.55
|
2.00
|
1.34
|
245
|
7.88
|
0.98
|
0.55
|
0.09
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0604
|
|
311.90
|
312.60
|
0.70
|
5.66
|
50
|
1.62
|
0.32
|
0.49
|
0.05
|
|
|
314.70
|
318.25
|
3.55
|
3.16
|
152
|
4.89
|
1.47
|
0.91
|
0.05
|
|
|
321.65
|
322.65
|
1.00
|
0.89
|
375
|
12.06
|
0.59
|
0.02
|
0.04
|
|
|
342.25
|
357.20
|
14.95
|
10.75
|
605
|
19.46
|
1.65
|
0.77
|
0.12
|
|
including
|
343.25
|
344.15
|
0.90
|
0.65
|
3,030
|
97.42
|
3.75
|
0.90
|
0.17
|
|
and
|
350.90
|
351.35
|
0.45
|
0.32
|
4,180
|
134.39
|
5.75
|
0.29
|
0.28
|
|
|
361.85
|
362.80
|
0.95
|
0.68
|
4,520
|
145.32
|
0.00
|
0.01
|
0.09
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0606
|
|
201.30
|
201.95
|
0.65
|
0.56
|
43
|
1.38
|
0.01
|
0.03
|
0.20
|
|
|
324.00
|
329.00
|
5.00
|
4.33
|
698
|
22.44
|
2.07
|
1.85
|
0.14
|
|
|
354.15
|
355.55
|
1.40
|
0.80
|
2,086
|
67.06
|
2.69
|
3.11
|
0.17
|
|
|
359.70
|
360.50
|
0.80
|
0.55
|
73
|
2.35
|
0.01
|
0.00
|
0.02
|
|
|
368.00
|
368.95
|
0.95
|
0.65
|
1,412
|
45.38
|
0.95
|
2.23
|
0.05
|
|
including
|
368.00
|
368.70
|
0.70
|
0.48
|
1,745
|
56.10
|
0.78
|
2.24
|
0.06
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0609
|
|
281.90
|
282.05
|
0.15
|
0.06
|
807
|
25.95
|
1.32
|
14.00
|
0.13
|
|
|
295.36
|
295.80
|
0.44
|
0.19
|
1,215
|
39.06
|
0.20
|
8.32
|
0.13
|
|
|
299.16
|
312.76
|
13.60
|
3.29
|
625
|
20.08
|
0.97
|
1.49
|
0.12
|
|
including
|
305.15
|
305.60
|
0.45
|
0.11
|
7,550
|
242.74
|
14.55
|
8.63
|
0.57
|
|
and
|
309.43
|
309.97
|
0.54
|
0.13
|
5,350
|
172.01
|
3.90
|
0.55
|
0.42
|
|
|
320.49
|
321.76
|
1.27
|
0.87
|
118
|
3.80
|
0.81
|
2.12
|
0.05
|
|
|
323.91
|
324.52
|
0.61
|
0.42
|
342
|
11.00
|
0.33
|
3.50
|
0.06
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0610
|
|
239.86
|
240.79
|
0.93
|
0.39
|
106
|
3.41
|
0.59
|
0.31
|
0.03
|
|
|
243.70
|
250.61
|
6.91
|
2.92
|
183
|
5.87
|
0.43
|
0.66
|
0.11
|
|
|
254.21
|
258.24
|
4.03
|
1.70
|
66
|
2.11
|
0.26
|
0.37
|
0.01
|
|
|
262.10
|
262.28
|
0.18
|
0.08
|
624
|
20.06
|
0.32
|
3.16
|
0.06
|
|
|
269.00
|
270.52
|
1.52
|
0.64
|
35
|
1.13
|
0.08
|
0.18
|
0.01
|
|
|
276.44
|
301.42
|
24.98
|
6.89
|
835
|
26.86
|
2.32
|
1.01
|
0.24
|
|
including
|
278.00
|
284.69
|
6.69
|
1.84
|
1,894
|
60.91
|
2.06
|
1.49
|
0.33
|
|
with
|
280.23
|
280.39
|
0.16
|
0.04
|
8,370
|
269.11
|
4.28
|
2.52
|
0.71
|
|
with
|
282.14
|
282.32
|
0.18
|
0.05
|
21,182
|
681.03
|
12.35
|
0.06
|
0.82
|
|
with
|
283.37
|
283.54
|
0.17
|
0.05
|
6,760
|
217.34
|
18.70
|
19.20
|
0.85
|
|
with
|
284.44
|
284.69
|
0.25
|
0.07
|
13,184
|
423.87
|
15.95
|
0.68
|
1.04
|
|
and
|
288.99
|
289.32
|
0.33
|
0.09
|
5,020
|
161.40
|
15.50
|
21.10
|
0.64
|
|
|
303.62
|
311.00
|
7.38
|
5.82
|
2,447
|
78.67
|
14.11
|
3.95
|
0.29
|
|
including
|
304.44
|
306.81
|
2.37
|
1.87
|
7,040
|
226.33
|
36.60
|
12.02
|
0.62
|
|
with
|
304.44
|
305.00
|
0.56
|
0.44
|
8,210
|
263.96
|
13.90
|
6.96
|
0.69
|
|
with
|
305.00
|
305.37
|
0.37
|
0.29
|
12,957
|
416.58
|
48.42
|
13.40
|
0.73
|
|
|
334.86
|
338.53
|
3.67
|
0.51
|
1,676
|
53.90
|
10.61
|
0.51
|
0.26
|
|
including
|
335.63
|
337.24
|
1.61
|
0.22
|
3,583
|
115.20
|
23.30
|
0.96
|
0.42
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0611
|
|
275.38
|
292.33
|
16.95
|
7.16
|
4,375
|
140.66
|
13.58
|
3.85
|
0.31
|
|
including
|
276.66
|
289.49
|
11.23
|
4.75
|
6,431
|
206.77
|
19.07
|
5.70
|
0.44
|
|
with
|
277.45
|
278.74
|
1.29
|
0.55
|
7,320
|
235.35
|
31.69
|
6.25
|
0.44
|
|
with
|
278.74
|
279.48
|
0.74
|
0.31
|
12,666
|
407.23
|
52.35
|
1.78
|
0.47
|
|
with
|
279.48
|
280.28
|
0.80
|
0.34
|
8,310
|
267.18
|
26.20
|
6.91
|
0.37
|
|
with
|
283.78
|
284.20
|
0.42
|
0.18
|
9,960
|
320.23
|
27.89
|
11.40
|
0.34
|
|
with
|
288.37
|
289.06
|
0.69
|
0.29
|
19,141
|
615.39
|
29.26
|
2.26
|
1.23
|
|
with
|
289.06
|
289.49
|
0.43
|
0.18
|
33,271
|
1069.70
|
33.53
|
0.04
|
1.94
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0612
|
|
359.32
|
360.70
|
1.38
|
1.17
|
321
|
10.32
|
0.07
|
0.99
|
0.05
|
|
|
366.27
|
370.32
|
4.05
|
2.66
|
82
|
2.64
|
0.12
|
0.13
|
0.31
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0613
|
|
255.10
|
256.37
|
1.27
|
1.25
|
78
|
2.51
|
0.97
|
0.79
|
0.09
|
|
|
269.78
|
272.98
|
3.20
|
2.10
|
1,371
|
44.07
|
7.53
|
0.96
|
0.07
|
|
including
|
270.20
|
271.51
|
1.31
|
0.86
|
2,812
|
90.41
|
13.47
|
2.06
|
0.14
|
|
with
|
270.20
|
270.56
|
0.36
|
0.24
|
8,030
|
258.17
|
32.83
|
7.22
|
0.34
|
|
|
276.00
|
277.64
|
1.64
|
1.08
|
47
|
1.52
|
0.04
|
0.05
|
0.07
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0614
|
|
266.00
|
282.38
|
16.38
|
3.68
|
749
|
24.07
|
1.66
|
2.90
|
0.14
|
|
including
|
266.00
|
268.12
|
2.12
|
0.48
|
4,421
|
142.15
|
9.83
|
13.72
|
0.46
|
|
with
|
266.00
|
266.26
|
0.26
|
0.06
|
7,770
|
249.82
|
28.61
|
17.35
|
0.85
|
|
with
|
266.26
|
266.57
|
0.31
|
0.07
|
8,470
|
272.32
|
12.20
|
18.00
|
1.03
|
|
and
|
279.10
|
279.55
|
0.45
|
0.10
|
1,715
|
55.14
|
2.54
|
1.04
|
0.13
|
|
|
286.60
|
292.15
|
5.55
|
1.25
|
209
|
6.71
|
0.63
|
0.50
|
0.01
|
|
|
298.00
|
298.40
|
0.40
|
0.31
|
493
|
15.85
|
1.05
|
1.33
|
0.07
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0615
|
|
329.00
|
342.65
|
13.65
|
7.43
|
535
|
17.21
|
0.74
|
0.29
|
0.10
|
|
including
|
334.70
|
335.00
|
0.30
|
0.16
|
1,785
|
57.39
|
0.04
|
0.28
|
0.23
|
|
and
|
340.40
|
342.65
|
2.25
|
1.23
|
2,421
|
77.83
|
3.92
|
1.07
|
0.35
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0616
|
|
291.35
|
292.65
|
1.30
|
1.09
|
67
|
2.15
|
0.21
|
0.39
|
0.09
|
|
|
300.82
|
302.00
|
1.18
|
0.98
|
1,333
|
42.85
|
6.08
|
9.70
|
0.38
|
|
including
|
300.82
|
301.40
|
0.58
|
0.29
|
2,510
|
80.70
|
12.30
|
16.00
|
0.38
|
|
|
304.85
|
305.10
|
0.25
|
0.13
|
4,630
|
148.86
|
52.94
|
4.85
|
0.31
|
|
|
312.25
|
313.81
|
1.56
|
0.77
|
5,485
|
176.36
|
34.15
|
2.79
|
0.41
|
|
including
|
312.92
|
313.81
|
0.89
|
0.44
|
9,530
|
306.39
|
59.15
|
4.85
|
0.71
|
|
with
|
312.92
|
313.20
|
0.28
|
0.14
|
7,580
|
243.71
|
51.91
|
2.44
|
0.42
|
|
with
|
313.20
|
313.40
|
0.20
|
0.10
|
20,337
|
653.86
|
42.70
|
10.45
|
1.98
|
|
|
323.38
|
323.88
|
0.50
|
0.31
|
1,007
|
32.38
|
11.42
|
1.00
|
0.15
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0617
|
|
284.35
|
285.35
|
1.00
|
0.87
|
1,877
|
60.34
|
4.77
|
17.53
|
0.15
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0618
|
|
235.85
|
237.05
|
1.20
|
0.65
|
93
|
3.00
|
0.00
|
0.03
|
0.50
|
|
|
363.50
|
366.48
|
2.98
|
2.47
|
194
|
6.25
|
0.82
|
0.59
|
0.08
|
|
|
414.15
|
424.30
|
10.15
|
6.11
|
304
|
9.76
|
1.00
|
0.68
|
0.10
|
|
including
|
416.30
|
417.00
|
0.70
|
0.42
|
1,670
|
53.69
|
2.98
|
1.46
|
0.16
|
|
|
443.45
|
444.05
|
0.60
|
0.36
|
1,755
|
56.43
|
0.67
|
2.04
|
0.32
|
|
|
452.30
|
453.90
|
1.60
|
0.96
|
62
|
1.98
|
0.36
|
0.24
|
0.10
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0619
|
|
254.81
|
256.03
|
1.22
|
1.20
|
104
|
3.36
|
0.79
|
1.02
|
0.08
|
|
|
285.25
|
310.80
|
25.55
|
21.90
|
117
|
3.77
|
0.38
|
0.64
|
0.04
|
|
including
|
306.72
|
306.90
|
0.18
|
0.15
|
8,580
|
275.86
|
11.20
|
30.13
|
0.83
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0620
|
|
252.70
|
254.35
|
1.65
|
0.59
|
764
|
24.57
|
1.11
|
0.82
|
2.27
|
|
|
257.90
|
269.00
|
11.10
|
3.98
|
6,477
|
208.25
|
6.81
|
3.39
|
0.81
|
|
including
|
259.90
|
265.75
|
5.85
|
2.10
|
12,049
|
387.38
|
12.38
|
6.34
|
1.20
|
|
with
|
260.35
|
261.05
|
0.70
|
0.25
|
16,789
|
539.77
|
20.47
|
2.20
|
1.84
|
|
with
|
261.05
|
261.60
|
0.55
|
0.20
|
20,433
|
656.95
|
15.30
|
13.60
|
2.09
|
|
with
|
261.60
|
262.10
|
0.50
|
0.18
|
26,069
|
838.15
|
18.75
|
8.25
|
1.88
|
|
with
|
262.10
|
262.65
|
0.55
|
0.20
|
16,135
|
518.74
|
12.55
|
3.61
|
1.26
|
|
with
|
262.65
|
262.90
|
0.25
|
0.09
|
9,390
|
301.90
|
7.63
|
0.12
|
0.66
|
|
with
|
262.90
|
263.60
|
0.70
|
0.25
|
14,733
|
473.68
|
8.98
|
13.30
|
2.29
|
|
with
|
263.60
|
264.10
|
0.50
|
0.18
|
6,610
|
212.52
|
6.12
|
9.51
|
0.82
|
|
with
|
264.90
|
265.25
|
0.35
|
0.13
|
7,440
|
239.21
|
7.98
|
10.55
|
0.51
|
|
with
|
265.25
|
265.75
|
0.50
|
0.18
|
7,990
|
256.89
|
14.50
|
4.42
|
0.72
|
|
|
276.85
|
279.90
|
3.05
|
2.56
|
989
|
31.81
|
0.87
|
0.16
|
0.16
|
|
including
|
278.00
|
278.55
|
0.55
|
0.46
|
4,930
|
158.51
|
4.09
|
0.12
|
0.81
|
|
|
282.80
|
288.95
|
6.15
|
5.16
|
296
|
9.52
|
0.88
|
1.60
|
0.06
|
|
including
|
284.25
|
284.80
|
0.55
|
0.46
|
2,110
|
67.84
|
7.09
|
1.84
|
0.36
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0621
|
|
420.15
|
425.35
|
5.20
|
3.61
|
842
|
27.08
|
3.28
|
3.65
|
0.16
|
|
including
|
423.25
|
424.40
|
1.15
|
0.80
|
3,667
|
117.91
|
14.26
|
15.52
|
0.45
|
|
|
523.94
|
524.27
|
0.33
|
0.18
|
38
|
1.22
|
0.15
|
0.08
|
0.37
|
|
|
554.70
|
555.15
|
0.45
|
0.25
|
149
|
4.79
|
0.05
|
0.01
|
0.09
|
|
|
557.55
|
558.55
|
1.00
|
0.54
|
32
|
1.01
|
0.05
|
0.12
|
0.01
|
|
|
561.47
|
562.10
|
0.63
|
0.34
|
430
|
13.83
|
0.01
|
0.06
|
0.30
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0622
|
|
303.13
|
305.50
|
2.37
|
1.55
|
31
|
1.00
|
0.23
|
0.04
|
0.03
|
|
|
317.56
|
318.33
|
0.77
|
0.51
|
108
|
3.47
|
0.27
|
0.39
|
0.10
|
|
|
323.48
|
323.88
|
0.40
|
0.26
|
42
|
1.33
|
0.03
|
0.46
|
0.09
|
|
|
326.80
|
327.26
|
0.46
|
0.30
|
31
|
1.00
|
0.17
|
0.53
|
0.28
|
|
|
334.20
|
335.46
|
1.26
|
0.83
|
192
|
6.17
|
0.02
|
0.36
|
0.01
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0623
|
|
195.78
|
199.01
|
3.23
|
1.05
|
26
|
0.85
|
0.39
|
1.50
|
0.11
|
|
|
203.82
|
204.63
|
0.81
|
0.26
|
206
|
6.62
|
1.56
|
2.49
|
0.11
|
|
|
208.64
|
211.50
|
2.86
|
0.93
|
127
|
4.10
|
1.49
|
2.13
|
0.10
|
|
|
249.50
|
257.00
|
7.50
|
2.44
|
37
|
1.19
|
0.09
|
0.45
|
0.02
|
|
|
260.78
|
264.85
|
4.07
|
1.33
|
1,306
|
41.99
|
2.42
|
0.69
|
0.11
|
|
including
|
261.32
|
261.69
|
0.37
|
0.12
|
13,087
|
420.76
|
22.91
|
6.11
|
1.17
|
|
|
299.00
|
306.28
|
7.28
|
6.30
|
110
|
3.54
|
0.45
|
0.87
|
0.01
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0624
|
|
279.85
|
281.39
|
1.54
|
0.32
|
47
|
1.52
|
0.12
|
0.11
|
0.01
|
|
|
297.73
|
298.62
|
0.89
|
0.42
|
100
|
3.21
|
0.02
|
4.57
|
0.03
|
|
|
308.35
|
310.47
|
2.12
|
0.36
|
69
|
2.22
|
0.34
|
0.86
|
0.01
|
|
|
318.18
|
321.05
|
2.87
|
1.52
|
820
|
26.36
|
5.78
|
3.45
|
0.14
|
|
including
|
318.18
|
318.46
|
0.28
|
0.15
|
3,220
|
103.53
|
12.20
|
2.94
|
0.25
|
|
and
|
320.65
|
321.05
|
0.40
|
0.21
|
2,370
|
76.20
|
22.71
|
6.11
|
0.24
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0625
|
|
372.00
|
372.75
|
0.75
|
0.49
|
34
|
1.10
|
0.64
|
2.45
|
0.04
|
|
|
424.10
|
425.00
|
0.90
|
0.66
|
67
|
2.16
|
0.78
|
0.53
|
0.14
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0626
|
|
162.20
|
163.15
|
0.95
|
0.85
|
38
|
1.23
|
0.10
|
0.05
|
0.29
|
|
|
351.95
|
353.55
|
1.60
|
1.36
|
795
|
25.55
|
3.40
|
1.85
|
0.18
|
|
including
|
351.95
|
352.35
|
0.40
|
0.34
|
3,010
|
96.78
|
13.40
|
6.27
|
0.54
|
|
|
376.10
|
384.65
|
8.55
|
5.15
|
746
|
24.00
|
2.22
|
1.98
|
0.12
|
|
including
|
380.20
|
382.55
|
2.35
|
1.41
|
2,309
|
74.24
|
5.53
|
5.10
|
0.32
|
|
|
392.35
|
395.85
|
3.50
|
2.15
|
290
|
9.33
|
0.26
|
0.44
|
0.05
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0628
|
|
363.26
|
366.29
|
3.03
|
1.47
|
405
|
13.04
|
0.62
|
0.25
|
0.13
|
|
|
370.16
|
375.79
|
5.63
|
2.73
|
117
|
3.77
|
0.21
|
0.87
|
0.18
|
|
|
381.96
|
387.32
|
5.36
|
4.17
|
849
|
27.30
|
0.36
|
0.80
|
0.12
|
|
including
|
386.87
|
387.32
|
0.45
|
0.35
|
7,240
|
232.77
|
2.67
|
2.02
|
0.89
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0629
|
|
477.78
|
478.44
|
0.66
|
0.40
|
105
|
3.39
|
0.10
|
6.84
|
0.02
|
|
|
521.21
|
522.44
|
1.23
|
0.74
|
74
|
2.39
|
0.12
|
0.26
|
0.14
|
|
|
530.08
|
530.50
|
0.42
|
0.25
|
98
|
3.14
|
0.15
|
1.16
|
0.10
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0631
|
|
411.25
|
412.15
|
0.90
|
0.63
|
30
|
0.96
|
0.54
|
0.40
|
0.05
|
|
|
416.20
|
418.60
|
2.40
|
1.69
|
151
|
4.85
|
2.25
|
0.07
|
0.01
|
|
|
424.00
|
425.00
|
1.00
|
0.42
|
610
|
19.61
|
0.63
|
0.03
|
0.09
|
|
|
428.40
|
429.75
|
1.35
|
0.57
|
368
|
11.82
|
1.12
|
0.04
|
0.07
|
|
|
439.90
|
440.65
|
0.75
|
0.32
|
30
|
0.97
|
0.21
|
0.03
|
0.04
|
|
|
|
|
|
|
|
|
|
|
|
K-16-0633
|
|
284.60
|
287.48
|
2.88
|
0.08
|
293
|
9.43
|
0.94
|
0.49
|
0.02
|
|
|
302.37
|
309.23
|
6.86
|
4.40
|
688
|
21.13
|
1.83
|
1.94
|
0.06
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assay Composites Calculated for 2016 Bermingham Drill Holes with assays
completed after August 31, 2016.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Using 30 g/t Ag cut-off with a maximum of two metres unmineralized internal
dilution,
|
|
|
|
|
|
Intervals greater than 50 oz/t Ag.
|
|
|
|
|
|
|
|
|
Intervals greater than 200 oz/t Ag.
|
|
|
|
|
|
|
|
True width estimates based on measured vein orientation or derived from
current 3D interpretation
|
|
|
SOURCE Alexco Resource Corp.
![Figure 2 - Vertical Long Section Showing the 2016 Bear Zone Composite Silver Intercepts for holes completed after August 31, 2016 (CNW Group/Alexco Resource Corp.) Photo_Asset_2](http://photos.newswire.ca/images/20161208_C4989_PHOTO_EN_834451.jpg)
Image with caption: "Figure 1 - Drill Hole Locations (CNW Group/Alexco Resource Corp.)". Image available at: http://photos.newswire.ca/images/download/20161208_C4989_PHOTO_EN_834449.jpg
Image with caption: "Figure 2 - Vertical Long Section Showing the 2016 Bear Zone Composite Silver Intercepts for holes completed
after August 31, 2016 (CNW Group/Alexco Resource Corp.)". Image available at: http://photos.newswire.ca/images/download/20161208_C4989_PHOTO_EN_834451.jpg
![](https://rt.newswire.ca/rt.gif?NewsItemId=C4989&Transmission_Id=201612080400CANADANWCANADAPR_C4989&DateId=20161208)