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Gold/Mining/Energy : Alexco Resource Corp.

AXU 0.445

+4.6%

Sep 6 4:00 PM EDT

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To: TheSlowLane who wrote (21)	3/13/2013 8:17:54 PM
From: TheSlowLane	of 23

Bermingham The Bermingham prospect is located adjacent to and along strike of the Hector-Calumet mine mineralized vein system that historically produced 96 million ounces of silver. Previously-released results from Bermingham identified a relatively complex geological environment in which significant silver mineralization was developed within broad zones (typically 3 to 10 opt silver over 4 to 26 meters thick) that could be traced with confidence along strike for more than 400 meters and to a depth of at least 350 meters in two segments offset along the Mastiff Fault (the southerly Etta Zone and the northerly Arctic Zone). The 2012 drilling at Bermingham was designed to infill around the originally-defined Etta resource and to identify extensions of the major mineralized structures along strike to the west and in the footwall of the Mastiff Fault (Arctic Zone). Drilling in the Arctic Zone in 2012 has identified additional high grade silver mineralization and also extended the mineralization approximately 110 meters northeast and 90 meters southwest into further fault-bounded vein sections. The most northeasterly drill hole (K-12-0477) in the Arctic Zone intercepted the Bermingham structure over a true width of approximately 3.97 meters at an average silver grade of 47.83 opt. In addition to silver-lead-zinc mineralization, significant gold assays have also been returned from the subparallel Aho Vein, including drill hole K-12-0446 that returned 10.30 gpt gold over 0.53 meters true thickness. The potential for significant strike continuity of this mineralized structure is demonstrated by another intercept of 14.85 gpt gold over 0.99 meters true thickness in drill hole K-12-0485, located some 500 meters to the northeast. The Bermingham mineralized system remains open in all directions, especially to the northeast where linkage to the Hector-Calumet mine remains to be resolved, but also to the southwest where there remains a kilometer of untested ground to the historical Coral Wigwam mines.

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