| Alexco Resource (AXU) is pleased to announce the completion of a positive Development Plan for its wholly owned silver-lead-zinc Bellekeno mine in the Keno Hill Silver District, Yukon. The Development Plan incorporates the terms of Alexco's agreement with Silver Wheaton Corp. (SLW) , and outlines a project with a pre-tax net present value to Alexco of C$31.9 million over an initial mine life of approximately four years. Silver Wheaton has provided Alexco with written confirmation of their acceptance that the Development Plan is favourable, and Alexco's Board of Directors has authorized the initiation of construction activity in anticipation of full mine production in the third quarter of 2010. :theflyonthewall.com |
