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Jbay76 (< 20)

Alexco's Mining Update

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February 03, 2011 – Comments (0) | RELATED TICKERS: AXU , GLD , SIL

As if this day couldn't get better, rest assured it is and I am not even done with work yet :).  In a PR, Alexco is publishing the results of their follow-up core drilling at the Onek historical mine in Keno Hill Silver district in Canada.  The results look very nice indeed.  Some of the highlights from the last 4 holes are:

DDH K10-309 cut an interval grading: 1,080 grams per tonne silver (31.5 ounces per ton), 0.346 grams per tonne gold, 0.6% lead, 24.8% zinc and 204 parts per million indium over 1.25 meters from 105.62 to 106.87 meters.

DDH K10-308 cut an interval grading: 1,100 grams per tonne silver (32.1 ounces per ton), 0.620 grams per tonne gold, 18.8% lead, 6.3% zinc and 23 parts per million indium over 1.06 meters from 118.94 to 120.00 meters.

DDH K10-306 cut an interval grading: 296 grams per tonne silver (8.6 ounces per ton), 0.560 grams per tonne gold, 2.0% lead, 35.6% zinc and 453 parts per million indium over 5.46 meters from 92.75 to 98.21 meters.

DDH K10-311 cut an interval grading: 233 grams per tonne silver (6.8 ounces per ton), 0.520 grams per tonne gold, 3.2% lead, 13.2% zinc and 138 parts per million indium over 0.33 meters from 156.88 to 157.21 meters in a broader zone grading 42.9 grams per tonne silver (1.3 ounces per ton), 0.188 grams per tonne gold, 0.4% lead, 5.4% zinc and 60 parts per million indium over 4.59 meters from 152.89 to 157.21 meters.

At the moment, I 'm not sure what indium is, but that aside, the findings make me very gratefult o Sinch for bringing this mining company to my attention.  Why, even today Sinch wrote this article including Alexco.  Today is looking shinier and shinier by the minute.

Thanks Sinch for all your analysis and insigt into this field of business/investing!

 

J

 

 

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