New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 14, 2013
05:30 EDTAXUAlexo announces expansion of Flame & Moth deposit, new discovery
Alexco Resource announced further expansion of the mineralized area of its Flame & Moth deposit within the Keno Hill Silver District in Canada's Yukon Territory upon completion of final results from the 2012 resource definition drilling program. Silver grades to 41.9 ounces per ton (opt) silver over 5.8 meters, and 23.3 opt silver over 10.9 meters true thicknesses continue to underscore the robust nature of the deposit, which still remains open down-plunge and down-dip to the south and west. A revision of the Flame & Moth resource estimate is undergoing final review, with completion anticipated by the end of Q1. The results from the final 14 drill holes completed to target in 2012, with 4,634 meters of drilling, will extend and re-define the resource to the southwest and increase confidence in the resource both northeast and southwest of the Mill Fault, bringing the total plan extent of the mineralized zone to approximately 600 meters along strike and 350 meters down-dip. The deposit remains open to the south and east, and also westerly up-dip toward surface at the northern extent of existing drilling. In addition, exploration drilling has identified a new discovery similar in appearance to the Flame Vein some 600 meters to the west-southwest of the Flame & Moth deposit. Here, a single drill hole intersected 10.7 opt silver, 1.7% lead and 0.5% zinc over a 0.85 meter interval, significantly expanding the area of potential mineralization likely related in some manner to the Flame & Moth deposit.
News For AXU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for AXU

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use