Alexco Resource Corp.

Published : December 08th, 2011

Alexco Intersects Multiple Zones of Silver Mineralization to 22=2E2 Meters True Thickness

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Alexco Resource Corp.
TSX: AXR
NYSE Amex: AXU
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December 8, 2011
Alexco Intersects Multiple Zones of Silver Mineralization to 22.2 Meters True Thickness With Narrower Intervals to 141 Ounces Per Ton Silver Over 1.0 Meters at Bermingham
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 8, 2011) - Alexco Resource Corp. (TSX:AXR)(NYSE Amex:AXU) today announces interim results from its 2011 drilling program at the Bermingham property, located adjacent to the historical Hector Calumet mine within the Keno Hill Silver District in Canada's Yukon Territory. Previously-discovered zones of silver mineralization at Bermingham have been confirmed and expanded, with intercepts ranging up to 22.2 meters true width within a complex structural zone. Drill testing has spanned 350 meters along strike with the mineralized zone remaining open 300 meters down plunge, and high-grade intercepts of up to 346.8 ounces per ton (oz/T) silver over 0.12 meters have been recorded. The broad southwesterly-plunging silver and locally gold mineralized zone is focused within three closely-spaced subparallel vein systems. These are localized along a large northeasterly trending regional structural zone that links to the historic Hector Calumet mine, which produced 96 million ounces of silver over its operating life. To date, assay results have been received for 13 out of 26 holes drilled at Bermingham in 2011 and confirm the presence of significantly wide zones of lower grade silver mineralization as well as selective zones more typical of the high grade Keno Hill style mineralization seen elsewhere in the District. Following receipt of all remaining assays by early 2012, Alexco intends to calculate an initial resource estimate for this new Bermingham discovery.

Alexco President and CEO Clynt Nauman noted, "The thick and continuous nature of the Bermingham mineralization appears to be unique for the Keno Hill Silver District. While we may not yet fully understand the size and tenor of the Bermingham deposit, we certainly understand the positive implications of this important discovery, which will clearly require continuation of dedicated and focused drilling efforts in 2012."

Bermingham Highlights

Using a combination of a 30 gram per tonne (g/t) silver cutoff for higher grade zones and a 10 g/t silver cutoff for broader mineralized zones, as separately noted within the assay tables, current results at Bermingham include the composite assay intervals shown below, restricted to include a maximum of two meters unmineralized internal dilution. All intervals are adjusted to reflect true thickness.

--  K-11-0361 intersected two zones of mineralization. In the deeper zone,
    beginning at 240.82 meters drill depth an interval of 4.58 meters was
    intersected containing 810 g/t (23.6 oz/T) silver, including 0.12 meters
    of 11,891 g/t (346.8 oz/T) silver. This mineralized interval is within a
    5.78 meter zone (using a 10 g/t silver composite cutoff) from 239.00
    meters drill depth containing 645 g/t (18.8 oz/T) silver. In the second
    zone, an interval of 10.13 meters (using a 10 g/t silver composite
    cutoff) was intersected from 209.43 meters drill depth containing 77 g/t
    (2.2 oz/T) silver that includes 3.39 meters from 210.84 meters drill
    depth at 138 g/t (4 oz/T) including 0.62 meters at 543 g/t (15.8 oz/T)
    silver. 
    
    
--  K-11-0358 intersected two zones of mineralization: the first comprising
    3.67 meters from 180.00 meters drill depth grading 576 g/t (16.8 oz/T)
    silver, including 0.45 meters containing 2,400 g/t (70 oz/T) silver; and
    a second zone comprising 9.42 meters from 196.42 meters drill depth
    grading 290 g/t (8.5 oz/T) silver, including 0.34 meters at 2,103 g/t
    (61.3 oz/T) silver. This mineralization is present within a broad zone
    comprising 22.24 meters (using a 10 g/t silver composite cutoff) from
    178.70 meters drill depth grading 224 g/t (6.5 oz/T) silver. 
    
    
--  K-11-0369 intersected a 4.44 meter interval from 201.60 meters drill
    depth grading 597 g/t (17.4 oz/T) silver. This interval is within a
    broader mineralized zone comprising 17.89 meters (using a 10 g/t silver
    composite cutoff) from 198.29 meters drill depth grading 248 g/t (7.2
    oz/T) silver. 
    
    
--  K-11-0372 intersected two broad zones (using a 10 g/t silver composite
    cutoff) of mineralization, with the first comprising 6.42 meters from
    311.17 meters drill depth grading 236 g/t (6.9 oz/T) silver, and the
    second interval of 7.66 meters from 345.18 meters drill depth grading
    229 g/t (6.7 oz/T) silver. Within the upper zone, a mineralized interval
    of 3.30 meters from 311.17 meters drill depth grading 447 g/t (13 oz/T)
    silver is present, including 1.01 meters of 4,840 g/t (141.2 oz/T)
    silver. 
    
    
--  K-11-0363 intersected two zones of mineralization. The first comprised
    6.50 meters from 197.62 meters drill depth grading 390 g/t (11.4 oz/T)
    silver including 0.38 meters containing 1,320 g/t (38.5 oz/T) silver.
    This zone is within a broader interval (using a 10 g/t silver composite
    cutoff) comprising 9.00 meters from 194.00 meters drill depth grading
    287 g/t (8.4 oz/T) silver. Beyond this, a second mineralized interval
    grading 569 g/t (16.6 oz/T) silver over 1.24 meters from 215.51 meters
    drill depth is also present. 
    
    
--  K-11-0360 intersected mineralization comprising 3.91 meters from 176.65
    meters drill depth grading 619 g/t (18.1 oz/T) silver including 0.18
    meters grading 7,030 g/t (205 oz/T) silver. This mineralization is
    within a zone of 5.89 meters (using a 10 g/t silver composite cutoff)
    from 176.25 meters drill depth grading 416 g/t (12.1 oz/T) silver. An
    additional zone (using a 10 g/t silver composite cutoff) comprising
    12.72 meters from 194.66 meters drill depth grading 52.3 g/t (1.5 oz/T)
    silver is also present within this hole. 
    
    
--  K-11-0359 intersected 1.54 meters from 165.09 meters drill depth grading
    1,046 g/t (30.5 oz/T) silver including 0.31 meters containing 2,470 g/t
    (72 oz/T) silver. This zone is within a broader zone of 8.80 meters
    (using a 10 g/t silver composite cutoff) from 156.68 meters drill depth
    grading 201 g/t (5.8 oz/T) silver. 
    
    
--  K-11-0368 intersected 0.41 meters from 200.03 meters drill depth grading
    1,230 g/t (35.9 ounces oz/T) silver. On a broader scale, this hole
    intersected mineralization over 13.03 meters (using a 10 g/t silver
    composite cutoff) from 185.00 meters drill depth grading 61.5 g/t (1.8
    oz/T) silver.
 
2011 Bermingham Geology Update and Results

The above results are from the 2011 Diamond drilling program, which comprised 26 holes totaling 7,190 meters, to bring the total drilling completed in the Bermingham area by Alexco since 2009 to 10,758 meters in 37 holes. Assay results of 13 holes from the 2011 program have been received to date and are reported here, and are in addition to those previously reported (see news release dated January 24, 2011 entitled "Alexco Identifies New 6.4 to 8.9 Meter Wide Silver Mineralized Zone at Bermingham, Keno Hill, Yukon"). The complete set of assays and results for 2011 Bermingham work will be reported once all outstanding assays are received in early 2012.

The Bermingham area lies at the junction of the historically mined Bermingham and Ruby vein systems located approximately 1.5 kilometers southwest of the historical Hector Calumet mine workings. The 2011 work was designed to establish continuity and extend mineralization in the Bermingham section and to investigate its relationship to the other mineralized vein systems.

The drilling has concentrated in the area under and immediately southwest of the historical Bermingham open pit mine, where the distribution of mineralization is complicated by the presence of several post-mineral faults including the Mastiff Fault that has an estimated oblique, right lateral normal displacement of 77 meters.

In addition to the Bermingham Vein, the newly discovered Aho and Bermingham Footwall vein systems have been integrated into an updated 3D geological model. These new systems tend to be broadly mineralized and in places form a combined width of up to 22.2 meters true width at 224 g/t (6.5 oz/T) silver where the veins merge and numerous smaller splays are developed in the controlling pre-mineral fault structures.

The drilling reported here has been completed over a 350 meter strike length to depths of 300 meters, with the mineralization remaining open at depth to the southwest. The geological continuity of the system to the northeast is not yet resolved.

The mineralization is characterized by the presence of quartz and siderite veins containing high silver grades due to the presence of silver sulphosalts and some native silver, with some gold (to 1.24 g/t over 2.47 meters intercept width in K-11-0364), but with generally low grades of associated base metals. Importantly, the Bermingham discovery is high within the Keno Hill stratigraphic sequence, so there remains significant depth potential in the underlying favourable Keno Hill Quartzite host rock.

Examination of the mineralized intervals clearly indicates that the scope for mineral resources may not necessarily be restricted to the narrower high silver grade style traditionally mined in the Keno Hill District. Table 2 shows mineralized intervals calculated using a 30 g/t silver cutoff grade (with allowance for up to two meters of unmineralized material in the interval). With the recognition of significantly wider intervals containing multiple subparallel veins and vein splays, Table 3 shows the same results calculated at the lower cutoff grade of 10 g/t silver (again with allowance for up to two meters of unmineralized material in the interval). On receipt of all assay results, it is anticipated sufficient information will be available to enable an initial estimate of mineral resources for the Bermingham property using various mining parameters that will provide guidance for further exploration and development options.

Updated composite assay tables, along with a drill hole location map and a long section plot, for the 13 reported drill holes from the Bermingham property are appended to this release, and are available for review on the Company's website at www.alexcoresource.com.

Notes

The 2011 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 shipped to ALS Minerals Labs at Whitehorse, Yukon for preparation, with fire assay and multi-element ICP 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 and operates 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. Bellekeno, which commenced commercial production at the beginning of calendar year 2011, is Canada's only operating primary silver mine. Alexco's primary near-term exploration objective is to unlock value in the silver-rich Keno Hill District, and is focused on growth by advancing its promising District properties to development decisions. The Company's goal is to produce 7 million to 10 million ounces of silver annually within the next decade. 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 40.5 ounces per ton silver, 5.6% lead and 3.1% zinc (Yukon Government's Minfile database). These historical production grades would rank Keno Hill in the top 3% by grade of today's global silver producers.

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

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 of exploration and development activities; actual results of mining activities; actual results of consulting activities; actual results 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.

APPENDICES

Table 1                                                                     
Location of Bermingham 2011 drill holes with assays completed at 30 October.
Map Projection UTM NAD83 Zone 8                                             
----------------------------------------------------------------------------
Drill Hole   Easting    Northing  Elevation  Azimuth  Inclination  Depth (m)
----------------------------------------------------------------------------
K-11-0358  478835.18  7086727.38    1334.04      309          -68     229.00
----------------------------------------------------------------------------
K-11-0359  478834.73  7086727.62    1334.04      306          -57     207.00
----------------------------------------------------------------------------
K-11-0360  478833.48  7086724.96    1334.10      277          -61     221.00
----------------------------------------------------------------------------
K-11-0361  478834.03  7086724.89    1334.06      277          -71     253.00
----------------------------------------------------------------------------
K-11-0363  478839.43  7086727.73    1334.22      330          -68     231.00
----------------------------------------------------------------------------
K-11-0364  479029.32  7086886.15    1327.72      248          -52     158.00
----------------------------------------------------------------------------
K-11-0366  479029.91  7086886.36    1327.63      248          -64     151.70
----------------------------------------------------------------------------
K-11-0368  479078.45  7086820.78    1337.29      260          -54     235.00
----------------------------------------------------------------------------
K-11-0369  479078.99  7086820.89    1337.35      260          -65     260.00
----------------------------------------------------------------------------
K-11-0370  479159.57  7086677.26    1353.50      295          -50     173.00
----------------------------------------------------------------------------
K-11-0372  479189.90  7086717.18    1351.08      288          -50     380.00
----------------------------------------------------------------------------
K-11-0373  479190.38  7086715.89    1351.23      265          -53     404.00
----------------------------------------------------------------------------
K-11-0376  479191.42  7086715.19    1351.28      245          -61     521.00
----------------------------------------------------------------------------
                                                                            
Table 2                                                                     
Assay Composites Calculated for 2011 Bermingham Drill Holes with assays     
 completed to October                                                       
Using 30 g/t Ag cut-off with a maximum of 2 meters unmineralized internal   
 dilution.                                                                  
                                                                            
Units   m  meters         Aho       Aho Vein                                
        g  gram           BM        Bermingham Vein                         
        t  tonne          BM-FW     Bermingham Footwall Vein                
        T  short ton                                                        
        %  percent                                                          
----------------------------------------------------------------------------
                       Inter-   True                                        
Drill     From      To    val  Width             Ag     Ag    Au    Pb    Zn
Hole       (m)     (m)    (m)    (m)   Vein   (g/t) (oz/T) (g/t)     %     %
----------------------------------------------------------------------------
K-11-                                                                       
 0358   167.44  168.16   0.72   0.53           98.0   2.86  0.09  1.68  3.37
      ----------------------------------------------------------------------
        180.00  185.00   5.00   3.67     BM   576.1  16.80  0.06  3.36  2.30
      ----------------------------------------------------------------------
includ                                                                      
  -ing  180.46  181.18   0.72   0.53         1744.3  50.87                  
      ----------------------------------------------------------------------
   and  182.88  183.49   0.61   0.45         2399.9  70.00                  
      ----------------------------------------------------------------------
        191.50  193.22   1.72   1.26           32.8   0.96  0.02  0.09  0.46
      ----------------------------------------------------------------------
        194.09  194.37   0.28   0.20          210.0   6.13  0.01  0.54  0.25
      ----------------------------------------------------------------------
        196.42  209.17  12.75   9.42  BM-FW   290.3   8.47  0.06  0.79  1.84
      ----------------------------------------------------------------------
includ                                                                      
  -ing  198.84  200.51   1.67   1.22          683.0  19.92                  
      ----------------------------------------------------------------------
   and  203.00  203.36   0.36   0.26          614.9  17.93                  
      ----------------------------------------------------------------------
   and  205.80  206.27   0.47   0.34         2103.2  61.34                  
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-                                                                       
 0359   134.35  135.51   1.16   0.95    Aho    30.8   0.90  0.15  0.15  0.17
      ----------------------------------------------------------------------
        161.76  162.46   0.70   0.59           39.2   1.14  0.07  0.22  0.46
      ----------------------------------------------------------------------
        165.09  166.91   1.82   1.54     BM  1046.2  30.52  0.07  5.60  3.44
      ----------------------------------------------------------------------
includ                                                                      
  -ing  166.54  166.91   0.37   0.31         2469.9  72.04                  
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-                                                                       
 0360   176.65  182.00   5.35   3.91    Aho   619.1  18.06  0.15  2.11  1.22
      ----------------------------------------------------------------------
includ                                                                      
  -ing  176.65  178.90   2.25   1.64         1357.0  39.58                  
      ----------------------------------------------------------------------
  that                                                                      
 inclu                                                                      
  -des  178.65  178.90   0.25   0.18         7029.9 205.04                  
      ----------------------------------------------------------------------
        187.15  187.48   0.33   0.27           54.4   1.59  0.11  0.04  0.12
      ----------------------------------------------------------------------
        197.43  210.89  13.46  10.55  BM-FW    60.0   1.75  0.02  0.15  1.08
      ----------------------------------------------------------------------
includ                                                                      
  -ing  199.50  199.64   0.14   0.11          790.0  23.04                  
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-                                                                       
 0361   198.35  202.59   4.24   2.55    Aho    78.0   2.28  0.10  0.14  0.45
      ----------------------------------------------------------------------
        210.84  215.85   5.01   3.39          137.9   4.02  0.03  0.99  1.88
      ----------------------------------------------------------------------
includ                                                                      
  -ing  213.92  214.84   0.92   0.62          543.1  15.84                  
      ----------------------------------------------------------------------
        218.39  223.42   5.03   3.40           76.1   2.22  0.01  0.06  0.21
      ----------------------------------------------------------------------
        231.07  232.79   1.72   1.78          193.0   5.63  0.03  0.52  0.47
      ----------------------------------------------------------------------
        240.82  247.76   6.94   4.58  BM-FW   809.9  23.62  0.07  2.49  2.89
      ----------------------------------------------------------------------
includ                                                                      
  -ing  242.26  244.27   2.01   1.33         2493.8  72.74                  
      ----------------------------------------------------------------------
  that                                                                      
 inclu                                                                      
  -des  243.14  243.32   0.18   0.12        11891.0 346.82                  
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-                                                                       
 0363   157.72  157.98   0.26   0.18    Aho    45.3   1.32  0.47  0.72  0.26
      ----------------------------------------------------------------------
        197.62  207.06   9.44   6.50     BM   389.7  11.37  0.04  2.22  2.21
      ----------------------------------------------------------------------
includ                                                                      
  -ing  203.55  204.10   0.55   0.38         1320.0  38.50                  
      ----------------------------------------------------------------------
        215.51  217.25   1.74   1.24  BM-FW   569.3  16.61  0.29  0.56  0.70
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-                                                                       
 0364   110.00  113.00   3.00   2.41     BM    39.4   1.15  0.08  0.49  1.61
      ----------------------------------------------------------------------
        128.00  131.67   3.67   2.65  BM-FW   141.7   4.13  1.11  0.49  3.24
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-                                                                       
 0366   123.10  124.41   1.31   0.90     BM    45.3   1.32  0.30  0.39  2.70
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-                                    BM                                 
 0368   187.80  189.53   1.73   1.45  Splay    38.6   1.13  0.03  0.33  0.29
      ----------------------------------------------------------------------
        194.91  196.80   1.89   1.59           90.1   2.63  0.07  0.11  0.05
      ----------------------------------------------------------------------
                                         BM                                 
        200.03  200.52   0.49   0.41  Splay  1230.0  35.88  0.06  2.40  1.79
      ----------------------------------------------------------------------
        204.37  208.81   4.44   3.72           36.8   1.07  0.03  0.04  0.15
      ----------------------------------------------------------------------
        214.28  214.85   0.57   0.45  BM-FW    52.4   1.53  0.04  0.06  1.08
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-                                                                       
 0369   201.60  207.57   5.97   4.44     BM   597.4  17.43  0.04  1.75  1.29
      ----------------------------------------------------------------------
includ                                                                      
  -ing  202.09  206.13   4.04   3.00          854.4  24.92                  
      ----------------------------------------------------------------------
        210.12  211.47   1.35   1.00           43.0   1.25 -0.01  0.15  0.09
      ----------------------------------------------------------------------
                                         BM                                 
        212.62  222.37   9.75   7.25 Splay?   233.9   6.82  0.03  0.20  0.17
      ----------------------------------------------------------------------
        232.20  234.12   1.92   1.43  BM-FW    66.8   1.95  0.00  0.08  0.33
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-                                                                       
 0372   311.17  315.12   3.95   3.30     BM   446.8  13.03  0.10  0.41  0.86
      ----------------------------------------------------------------------
includ                                                                      
  -ing  334.45  335.66   1.21   1.01         4839.9 141.16                  
      ----------------------------------------------------------------------
        329.70  330.30   0.60   0.50          238.0   6.94  0.01  0.12  6.37
      ----------------------------------------------------------------------
                                         BM                                 
        334.45  338.00   3.55   2.97  Splay   419.3  12.23  0.02  0.33  0.08
      ----------------------------------------------------------------------
includ                                                                      
  -ing  334.45  335.66   1.21   1.01         1180.0  34.42                  
      ----------------------------------------------------------------------
        345.18  354.48   9.30   7.66  BM-FW   229.3   6.69  0.03  0.31  0.22
      ----------------------------------------------------------------------
                                      BM-FW                                 
        363.17  363.42   0.25   0.21 Splay?   724.0  21.12  0.03  0.70  0.59
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-                                                                       
 0373   220.77  222.00   1.23   0.90           41.8   1.22  0.39  0.01  0.02
      ----------------------------------------------------------------------
        348.96  350.06   1.10   0.90     BM   315.6   9.21  0.02  0.32  0.13
      ----------------------------------------------------------------------
        354.04  357.94   3.90   3.21          102.0   2.97  0.00  0.81  0.04
      ----------------------------------------------------------------------
        379.70  384.10   4.40   3.50  BM-FW   184.7   5.39  0.01  0.13  0.41
      ----------------------------------------------------------------------
        388.39  389.00   0.61   0.49          130.0   3.79 -0.01  1.94  0.01
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-                                                                       
 0376   287.77  288.77   1.00   0.74           57.6   1.68  0.37  0.18  0.28
      ----------------------------------------------------------------------
        293.14  293.80   0.66   0.49          123.0   3.59  0.30  0.60  1.57
----------------------------------------------------------------------------
                                                                            
Table 3                                                                     
Assay Composites Calculated for 2011 Bermingham Drill Holes with assays     
 completed to October                                                       
Using 10 g/t Ag cut-off with a maximum of 2 meters unmineralized internal   
 dilution.                                                                  
                                                                            
Units                 m           meters                                    
                      g           gram                                      
                      t           tonne                                     
                      T           short ton                                 
                      %           percent                                   
----------------------------------------------------------------------------
                                                    True                    
                    From         To   Interval     Width        Ag        Ag
Drill Hole           (m)        (m)        (m)       (m)     (g/t)    (oz/T)
----------------------------------------------------------------------------
K-11-0358         167.44     170.29       2.85      2.08      33.4      0.97
             ---------------------------------------------------------------
                  178.70     209.17      30.47     22.24     223.6      6.52
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-0359         134.35     139.53       5.18      4.22      13.6      0.40
             ---------------------------------------------------------------
                  149.42     154.10       4.68      3.93      18.0      0.53
             ---------------------------------------------------------------
                  156.68     167.06      10.38      8.80     200.8      5.86
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-0360         176.25     184.32       8.07      5.89     416.2     12.14
             ---------------------------------------------------------------
                  187.15     189.43       2.28      1.85      19.9      0.58
             ---------------------------------------------------------------
                  192.48     194.00       1.52      1.19      11.1      0.32
             ---------------------------------------------------------------
                  194.66     210.89      16.23     12.72      52.3      1.52
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-0361         198.35     202.59       4.24      2.55      78.0      2.28
             ---------------------------------------------------------------
                  205.25     205.70       0.45      0.30      13.9      0.41
             ---------------------------------------------------------------
                  209.43     224.43      15.00     10.13      76.9      2.24
             ---------------------------------------------------------------
                  231.07     232.79       1.72      1.18     193.0      5.63
             ---------------------------------------------------------------
                  237.33     238.04       0.71      0.48      10.1      0.29
             ---------------------------------------------------------------
                  239.00     247.76       8.76      5.78     644.8     18.81
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-0363         156.98     159.69       2.71      1.86      22.1      0.64
             ---------------------------------------------------------------
                  190.47     190.71       0.24      0.17      15.7      0.46
             ---------------------------------------------------------------
                  194.00     207.06      13.06      9.00     287.4      8.38
             ---------------------------------------------------------------
                  212.00     213.30       1.30      0.93      10.2      0.30
             ---------------------------------------------------------------
                  215.51     217.25       1.74      1.24     569.3     16.61
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K-11-0364         110.00     113.00       3.00      2.41      39.4      1.15
             ---------------------------------------------------------------
                  128.00     131.67       3.67      2.95     141.7      4.13
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----------------------------------------------------------------------------
K-11-0366         118.93     120.20       1.27      0.87      12.0      0.35
             ---------------------------------------------------------------
                  122.00     124.41       2.41      1.65      33.3      0.97
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----------------------------------------------------------------------------
K-11-0368         185.00     200.52      15.52     13.03      61.5      1.79
             ---------------------------------------------------------------
                  204.37     208.81       4.44      3.72      36.8      1.07
             ---------------------------------------------------------------
                  214.28     214.85       0.57      0.45      52.4      1.53
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----------------------------------------------------------------------------
K-11-0369         198.29     222.37      24.08     17.89     248.4      7.24
             ---------------------------------------------------------------
                  231.49     234.96       3.47      2.58      46.1      1.35
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K-11-0372         311.17     318.86       7.69      6.42     236.1      6.88
             ---------------------------------------------------------------
                  326.00     327.38       1.38      1.15      16.8      0.49
             ---------------------------------------------------------------
                  329.70     332.00       2.30      1.92      71.9      2.10
             ---------------------------------------------------------------
                  334.45     338.00       3.55      2.97     419.3     12.23
             ---------------------------------------------------------------
                  345.18     354.48       9.30      7.66     229.3      6.69
             ---------------------------------------------------------------
                  363.17     363.42       0.25      0.21     724.0     21.12
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
K-11-0373         219.37     222.00       2.63      1.94      25.5      0.74
             ---------------------------------------------------------------
                  348.96     350.06       1.10      0.90     315.6      9.21
             ---------------------------------------------------------------
                  354.04     360.17       6.13      5.04      69.0      2.01
             ---------------------------------------------------------------
                  379.70     389.00       9.30      7.39     101.5      2.96
             ---------------------------------------------------------------
                  392.13     392.34       0.21      0.17      11.6      0.34
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K-11-0376         287.77     290.00       2.23      1.63      32.7      0.95
             ---------------------------------------------------------------
                  292.50     293.80       1.30      0.95      68.4      1.99
             ---------------------------------------------------------------
                  312.95     316.76       3.81      2.78      12.9      0.38
----------------------------------------------------------------------------
 
To view the Maps associated with this release, visit the following link: http://media3.marketwire.com/docs/axr128_Fig.pdf.

CONTACT INFORMATION:

Alexco Resource Corp.
Clynton R. Nauman
President and Chief Executive Officer
(604) 633-4888
Fax: (604) 633-4887
info@alexcoresource.com
www.alexcoresource.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Alexco Resource Corp.

PRODUCER
CODE : AXR.TO
ISIN : CA01535P1062
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Alexco Resources is a silver development stage company based in Canada.

Alexco Resources produces silver, gold, lead and zinc in Canada, and holds various exploration projects in Canada.

Its main asset in production is KENO HILL (BELLEKENO) in Canada and its main exploration properties are BREWERY CREEK, LUCKY QUEEN YUKON, SPROGGE YUKON, HARLAN, KLONDIKE, MCQUESTEN, FLAME AND MOTH and BERMINGHAM in Canada.

Alexco Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 218.3 millions as of today (US$ 165.2 millions, € 147.5 millions).

Its stock quote reached its highest recent level on April 29, 2011 at CA$ 9.75, and its lowest recent point on March 13, 2015 at CA$ 0.34.

Alexco Resources has 93 680 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
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In the News and Medias of Alexco Resource Corp.
6/14/2011(Keno Hill (bellekeno))Reports Grid Power Outage Affecting Keno Hill
Annual reports of Alexco Resource Corp.
Annual report 2007
Financings of Alexco Resource Corp.
4/16/2013Alexco Amends Terms of $7 Million Flow-Through Financing
12/23/2009Closes $9.5 Million Flow-Through Private Placement
3/9/2009Flow-Through Private Placement
12/11/2007Closes Flow-Through Private Placement
11/22/2007Announces Flow-Through Private Placement
Option Grants of Alexco Resource Corp.
12/13/2011Alexco Amends Stock Option Plan for Annual General Meeting
12/13/2011Amends Stock Option Plan for Annual General Meeting
Nominations of Alexco Resource Corp.
1/28/2010Appoints Jim Harrington to President President
12/14/2009New Management Appointments
Financials of Alexco Resource Corp.
3/25/2015Reports Fourth Quarter and Year End 2014 Results
11/14/2013Alexco Reports Third Quarter 2013 Financial Results
8/15/2013Alexco Reports Second Quarter 2013 Financial Results
8/14/2013Reports Second Quarter 2013 Financial Results
5/8/2013Alexco Reports First Quarter 2013 Financial Results
5/8/2013Reports First Quarter 2013 Financial Results
3/27/2013Alexco Reports Financial Results for Year Ended December 31,...
3/27/2013Reports Financial Results for Year Ended December 31, 2012
11/5/2012Alexco Reports Third Quarter 2012 Financial Results
11/5/2012Reports Third Quarter 2012 Financial Results
8/7/2012Alexco Reports Second Quarter 2012 Financial Results
5/7/2012Alexco Reports First Quarter 2012 Earnings
5/7/2012Reports First Quarter 2012 Earnings
11/28/2011Alexco Reports First Fiscal Quarter Financial Results
11/28/2011Reports First Fiscal Quarter Financial Results
9/15/2011Reports Increased Revenue, Cash From Operations, Earnings an...
5/10/2010(Keno Hill (bellekeno))Bellekeno Silver Mine Project on Schedule for Third Quarter ...
Project news of Alexco Resource Corp.
12/5/2013Alexco Releases Positive Preliminary EconomicAssessment for ...
1/31/2013Alexco Expands Flame & Moth Indicated Resource to 22=2E9 Mil...
9/27/2012Alexco Completes Sale of Remaining Interest in Brewery Creek
9/27/2012(Brewery Creek)Completes Sale of Remaining Interest in Brewery Creek
6/28/2012Alexco Announces Initial Resource Estimates for Flame & Moth...
6/25/2012Alexco Reports Bellekeno Production Back Online After Wildfi...
6/25/2012Reports Bellekeno Production Back Online After Wildfire Disr...
2/22/2012Alexco Intersects Silver Mineralization to 26 Meters True Th...
2/22/2012(Bermingham)Intersects Silver Mineralization to 26 Meters True Thickness...
2/14/2012(Flame And Moth)Drills 8.9 Meters of 20.2 Ounces Per Ton Silver At Flame & M...
1/23/2012Alexco Silver Production Increases 21% to =?ISO-8859-1?Q?Mor...
12/8/2011Alexco Intersects Multiple Zones of Silver Mineralization to...
12/8/2011(Bermingham)Intersects Multiple Zones of Silver Mineralization to 22.2 M...
9/7/2011Alexco Intersects 6=2E04 Meters of 31=2E5 Ou =?ISO-8859-1?Q?...
9/7/2011(Flame And Moth)Intersects 6.04 Meters of 31.5 Ounces Per Ton Silver at Flam...
7/27/2011Alexco Announces Initial Resource Estimates for Lucky Queen ...
5/4/2011Alexco Releases Initial Production Results for Bellekeno Min...
5/4/2011(Keno Hill (bellekeno))Releases Initial Production Results for Bellekeno Mine; On T...
3/4/2011(Keno Hill (bellekeno))Provides Update on Bellekeno Operations and Outlines 2011 Ex...
3/3/2011Alexco Provides Update on Bellekeno Operations and Outlines ...
2/16/2011Alexco Resource Corp=2E: New Keno Hill Silver Discovery-4=2E...
2/16/2011(Flame And Moth)New Keno Hill Silver Discovery-4.26 Meters of 49.9 Oz Per To...
2/2/2011(Keno Hill (bellekeno))Receives Balance of Assays From Onek Zinc-Silver Deposit Dri...
1/6/2011(Keno Hill (bellekeno))Alexco Achieves Commercial Production at Bellekeno
3/4/2010(Keno Hill (bellekeno))Commences 2010 Expanded Exploration Program at Keno Hill
12/1/2009(Keno Hill (bellekeno))Additional 2009 Drill Results
11/18/2009(Keno Hill (bellekeno))Yukon Issues Quartz Mining License For Bellekeno Mine
11/12/2009(Keno Hill (bellekeno))Completes Positive Bellekeno Mine Development
11/5/2009(Keno Hill (bellekeno))Additional 2009 Drill Results
11/3/2009(Keno Hill (bellekeno))Additional 2009 Drill Results from Lucky Queen
10/15/2009(Keno Hill (bellekeno))Addicional 2009 Drill Results at Keno Hill
10/15/2009Announces Additional 2009 Drill Results at Keno Hill: Drilli...
7/15/2009(Keno Hill (bellekeno))Yukon Government Issues Positive Decision Document for Belle...
6/17/2009Passes Key Milestone in Permitting of the Bellekeno Mine
5/19/2009Intersects 7.8 Meters of 49.4 Ounces Per Ton Silver
5/14/2009(Keno Hill (bellekeno))Outlines 2009 Surface Exploration Plans at Keno Hill
9/19/2008(Keno Hill (bellekeno))Announces Additional 2008 Drill Results at Keno Hill
7/9/2008(Keno Hill (bellekeno))Positive Preliminary Economic Assessment on Bellekeno Deposi...
7/2/2008(Keno Hill (bellekeno))Announces Initial 2008 Drill Results at Keno Hill
3/25/2008(Keno Hill (bellekeno))Outlines 2008 Exploration and Development Plans at Keno Hill
2/13/2008(Keno Hill (bellekeno))Announces Final 2007 Drill Results from Keno Hill
10/23/2007Announces High Grade Native Silver Intercept from Lucky Quee...
10/16/2007Announces Significant High Grade Silver Intercepts From Sout...
9/6/2007Announces Discovery of High Grade Zinc Mineralization with S...
Corporate news of Alexco Resource Corp.
8/1/2016Alexco to Release Second Quarter 2016 Results on August 10, ...
7/29/2016Alexco Files Final Shelf Prospectus and Registration Stateme...
6/9/2016Alexco Reports Voting Results from Annual General Meeting
6/2/2016Alexco Resource Reminds Shareholders of Voting Cut-Off for U...
6/1/2016Alexco Initiates 2016 Bermingham Exploration and Other Work ...
5/17/2016Alexco Closed C$13 Million Non-Brokered Equity Financing
5/11/2016Alexco Reports First Quarter 2016 Results
5/11/2016Alexco Resource reports 1Q loss
5/5/2016Alexco Mails Information Circular in Connection with Annual ...
5/3/2016Alexco to Release First Quarter 2016 Results on May 11, 2016
4/27/2016Alexco Announces up to C$10 Million Non-Brokered Equity Fina...
3/23/2016Alexco Reports Fourth Quarter and Year End 2015 Results
3/23/2016Alexco Resource reports 4Q loss
10/26/2015Edited Transcript of AXR.TO earnings conference call or pres...
9/17/2015Alexco Drills 5 meters (True Width) of 7,462 grams per tonne...
8/11/2015Alexco Reports Second Quarter 2015 Financial Results
8/11/2015Alexco Resource reports 2Q loss
8/11/2015Alexco to Host Second Quarter 2015 Earnings Conference Call ...
5/26/2015Video-Mining Clips Analyst Update with Alexco President & CE...
4/10/2015Annual Report for Alexco Resource Corp.
3/25/2015Alexco Reports Fourth Quarter and Year End 2014 Results
3/13/2015Alexco to Release Fourth Quarter and Year End 2014 Results o...
3/13/2015to Release Fourth Quarter and Year End 2014 Results on March...
2/26/2015Yukon Ranks 1st in Mineral Potential and 9th Overall in the ...
1/20/2015Alexco Intersects 1,483 Grams per Tonne Silver (47.7 Ounces ...
12/23/2014Alexco Updates Positive Preliminary Economic Assessment for ...
11/14/2014Alexco Reports Third Quarter 2014 Financial Results
11/13/2014Alexco Reports Third Quarter 2014 Financial Results
11/13/2014Alexco to Host Third Quarter 2014 Earnings Conference Call a...
11/5/2014Alexco Drills Best Hole Ever: Intersects 5,667 Grams Per Ton...
11/4/2014Alexco to Release Third Quarter 2014 Results on November 13,...
11/3/2014Alexco Announces One Year Extension of Silver Stream Amendme...
8/28/2014Alexco Closes Underwriter's Over-Allotment Option
8/21/2014Completes C$7 Million Bought Deal Financing
7/29/2014Announces C$5 Million Equity Financing
12/12/2013Alexco Files Eastern Keno Hill Silver District Technical Rep...
11/4/2013Alexco to Release Third Quarter Financial Results On Novembe...
11/4/2013to Release Third Quarter Financial Results On November 14, 2...
9/23/2013Alexco Reports Silver Production for Third Quarter 2013
9/23/2013Reports Silver Production for Third Quarter 2013
9/18/2013Extends Flame & Moth to More Than 900 Meters in Strike Lengt...
8/27/2013Alexco Issues Statement on Market Activity
8/27/2013Issues Statement on Market Activity
8/9/2013Alexco to Release Second Quarter Financial Results On August...
8/8/2013to Release Second Quarter Financial Results On August 14, 20...
8/2/2013Alexco to Release Second Quarter Financial R =?ISO-8859-1?Q?...
8/2/2013to Release Second Quarter Financial Results the Week of Augu...
7/23/2013Alexco Announces Amended Environmental Subsidiar =?ISO-8859-...
7/23/2013Announces Amended Environmental Subsidiary Agreement with Ca...
7/17/2013Alexco Reports Increased Silver Production in Second Quarter...
7/17/2013Reports Increased Silver Production in Second Quarter 2013; ...
6/7/2013Alexco Reports Voting Results From Annual General Meeting
6/7/2013Reports Voting Results From Annual General Meeting
5/31/2013Alexco Implements Cost Savings Measures
5/31/2013Implements Cost Savings Measures
5/20/2013Alexco Receives Water Licence Amendment
5/20/2013Receives Water Licence Amendment
5/2/2013Alexco Adopts Advance Notice Policy
4/23/2013Alexco Reports Closing of $7 Million Flow-Through Financing
4/23/2013Reports Closing of $7 Million Flow-Through Financing
4/12/2013Alexco Reports First Quarter 2013 Production Results
4/12/2013Reports First Quarter 2013 Production Results
4/1/2013Alexco Arranges Fully Subscribed Flow-Through
3/15/2013Alexco Files Flame & Moth Technical Report
3/15/2013Files Flame & Moth Technical Report
1/31/2013Expands Flame & Moth Indicated Resource to 22.9 Million Ounc...
1/17/2013Alexco Reports 16% Increase in Silver Production for Fourth ...
1/14/2013Alexco Further Expands Flame & Moth Deposi =?ISO-8859-1?Q?t,...
1/14/2013Further Expands Flame & Moth Deposit, Robust Silver Grades a...
10/15/2012Alexco Reports 12% Increase in Silver Production for Third Q...
10/15/2012Reports 12% Increase in Silver Production for Third Quarter ...
10/9/2012Expands Flame & Moth Deposit: Reports Grades Up to 71 Ounces...
8/9/2012Alexco Files Flame & Moth and Bermingham Technical Reports
7/16/2012Alexco Reports Silver Production for Second Quarter 2012
7/16/2012Reports Silver Production for Second Quarter 2012
5/24/2012Alexco Commemorates Over Five Years at Keno Hill
5/24/2012Commemorates Over Five Years at Keno Hill
5/3/2012Alexco to Release Financial Results for Firs =?ISO-8859-1?Q?...
5/2/2012to Release Financial Results for First Quarter of 2012 on Ma...
4/16/2012Alexco Reports Silver Production Results for First Quarter 2...
4/16/2012Reports Silver Production Results for First Quarter 2012
3/29/2012Alexco Reports Fiscal Results for Six Months Ended December ...
3/26/2012=?ISO-8859-1?Q?Alexco=20to=20Release=20December=2031,=202011...
3/26/2012to Release December 31, 2011 Year End Financial Results on M...
3/5/2012Alexco Expands 2012 Surface and UndergroundExploration Plans...
3/5/2012Expands 2012 Surface and Underground Exploration Plans For K...
2/14/2012Alexco Drills 8=2E9 Meters of 20=2E2 Ounces =?ISO-8859-1?Q?=...
1/23/2012Silver Production Increases 21% to More Than 600,000 Ounces ...
9/15/2011=?ISO-8859-1?Q?Alexco=20Reports=20Increased=20Revenue,=20Cas...
9/9/2011Alexco to Release Fiscal 2011 Results on S =?ISO-8859-1?Q?ep...
8/3/2011Alexco Reports Increased Production in Second Quarter of Cal...
8/3/2011Reports Increased Production in Second Quarter of Calendar 2...
7/27/2011Announces Initial Resource Estimates for Lucky Queen and One...
6/17/2011Alexco Provides Update on Impact of Grid Power Outage at Ken...
6/15/2011Alexco Reports Grid Power Outage Affecting Keno Hill
5/12/2011Alexco Reports Net Income of $3=2E5M and Operating Cash Flow...
5/12/2011Reports Net Income of $3.5M and Operating Cash Flows of $7.2...
3/8/2010Awards Mining Services Contract
1/20/2010Terms of Equity Financing
6/29/2009Environmental Services Group Awarded Contract
1/8/2009Completes Disposition of Alexco Shareholding
5/22/2008 and the First Nation of the Na-Cho Nyak Dun Sign Cooperatio...
2/6/2008CLARIFIES TECHNICAL DISCLOSURE
1/15/2008Corporate Continuation Under Business Corporations Act
12/6/2007FINALIZES PURCHASE OF KENO HILL, FOCUSES ON BELLEKENO DEVELO...
11/16/2007Secures Water Licence for Care & Maintenance Work at Keno Hi...
11/13/2007Increases Bellekeno Resource in Keno Hill District: Initial ...
10/17/2007Corrects Website Problem
9/25/2007and First nation of the Na-Cho Nyak Dun Conclude Negatiation...
9/20/2007 Additional Bellekeno Project results at Keno Hill
9/18/2007Announces Additional 2007 Keno Drill results
9/17/2007Announces Approval to List its Common Share on the American ...
8/27/2007Continues to Advance the Keno Hill Project
8/21/2007Comments on Na-Cho Nyak Dun’s Suspension of Regulatory Dialo...
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TORONTO (AXR.TO)OTHER OTC (AXORF)
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24hGold TrendPower© : 8
Produces Gold - Lead - Silver - Zinc
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