SILVER: Alexco completes decline at Bermingham project

[caption id="attachment_1003723054" align="aligncenter" width="494"] Alexco’s holdings in the Keno Hill silver district of the Yukon. (Image: Alexco Resource)[/caption] YUKON – Alexco Resource Corp. of Vancouver has completed the 580-metre Bermingham exploration drift. Bermingham is one of four silver-lead-zinc properties the company is investigating in the Keno Hill district. Two underground diamond drills will be deployed along the drift as part of an initial 5,000-metre program to test the upper portion of the deposit. Infill drilling will take place in an area containing an estimated 110,000 tonnes of potentially minable ore grading 1,560 g/t silver, 4.2% lead and 2.2% zinc. Most of this work will take place in the recently discovered Bear vein, a steeply plunging formation 3 metres thick and 50 metres wide that begins about 160 metres below surface and is known to extend to at least 230 metres down dip, where it remains open. Two surface drills are also being mobilized as part of a $4-million, 15,000-metres-plus program to test a number of shallow silver targets near the Bermingham deposit as well as some potential large, deep Hector Calumet style silver deposits. The historic Hector Calumet mine, 1 km northeast of Bermingham, produced about 96 million oz. of silver. A third surface drill rig is to be added mid-summer. Bermingham resources were estimated in 2012 to be 257,000 indicated tonnes grading 460 g/t silver, 2.00% lead and 2.10% zinc plus 102,000 inferred tonnes at 372 g/t silver, 1.12% lead and 1.83% zinc. Read the 2012 43-101 report for Bermingham at www.AlexcoResource.com.