News

Alexco Reports Final Results from 2021 Bermingham Drilling Program, Composite Assays to 1,383 g/t Ag over 11.09 Meters True Width

December 16, 2021

High Grade Silver Mineralization Confirmed along 500 meter Zone

December 16, 2021 – Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) (“Alexco” or the “Company”) today reported the balance of results from its 2021 directional drilling program at the Bermingham Northeast Deep zone in the Keno Hill Silver District, Yukon Territory (“Keno Hill”). The 17,742 meter (“m”) drill program completed 52 intercepts through the multi-vein target zone, which extends approximately 500 m along strike with at least a 100 m vertical extent. Initial results were reported on September 7, 2021 (see news release). With all assays now received, the Company is calculating a revised estimated mineral resource for the Bermingham deposit, which currently contains a silver resource of 32.96 million ounces (“Moz”) Indicated (including 18.2 Moz Probable Reserve) and 11.74 Moz Inferred (see news release). The resource estimation of the newly defined zone is expected to be complete before year end 2021.

2021 Exploration Results Highlights

Final results from 2021 Northeast Deep zone drilling (Table 1) confirm the presence of a 500 m long sub-horizontal mineralized zone (Figure 1) with at least a 100 m vertical extent located approximately 150 m below the Bermingham Northeast mining reserve.

In addition to the important intercepts previously reported from initial results in September 2021 (see news release), the more significant intercepts from the balance of the drilling (Table 2) are highlighted below:

  • K-21-0800A intersected the Bermingham Main vein over a true width of 11.09 m from 187.75 m containing 1,383 grams per tonne (“g/t”) (44.45 ounces per tonne (“oz/t”)) silver (“Ag”), including 3.33 m true width from 189.00 m containing 2,959 g/t (95.14 oz/t) Ag.
  • K-21-0803A intersected the Bermingham Footwall vein over a true width of 7.85 m from 170.85 m containing 1,358 g/t (43.66 oz/t) Ag.
  • K-21-0797A intersected the Bermingham Main vein over a true width of 7.20 m from 207.82 m containing 1,082 g/t (34.78 oz/t) Ag.
  • K-21-0800B intersected the Bermingham Main vein over a true width of 4.16 m from 216.80 m containing 3,226 g/t (103.72 oz/t), including 3.56 m true width from 216.80 m containing 3,748 g/t (120.50 oz/t) Ag.
  • K-21-0803 intersected the Bermingham Footwall vein over a true width of 5.41 m from 478.58 m containing 1,331 g/t (42.80 oz/t) Ag.
  • K-21-0800 intersected the Bermingham Footwall vein over a true width of 4.49 m from 464.65 m containing 1,205 g/t (38.73 oz/t) Ag.
  • K-21-0799B intersected the Bermingham Footwall vein over a true width of 6.20 m from 270.30 m containing 888 g/t (28.56 oz/t) Ag.
  • K-21-0796B intersected the Bermingham Footwall vein over a true width of 5.43 m from 299.50 m containing 996 g/t (32.03 oz/t) Ag.
  • K-21-0792D intersected the BM2 vein over a true width of 3.02 m from 164.32 m containing 1,273 g/t (40.93 oz/t) Ag.

As in previous years, assay results are reported in Table 2 as +30 g/t Ag composite intervals (that may contain up to two meters of unmineralized material) as in essence this outlines the mineralized vein structures. Table 2 also includes +900 g/t Ag composites for comparison, this being the Bermingham Probable Reserve silver grade.

Alexco’s Chairman and CEO, Clynt Nauman commented, “The 2021 infill and extension directional drilling program at Bermingham was very successful – and we have now turned our attention to the calculation of a revised mineral resource estimate for the Bermingham deposit. Without question, this discovery is important from an exploration perspective, but with mining operations at Bermingham already underway and with infrastructure planned to be within approximately 200 m of the newly defined mineralized zone, we are working with urgency to understand the size and tenor of the potentially expanded resource. Understanding the geology of the entire Bermingham deposit has significant exploration implications in a district where historically silver mineralization was considered shallow and discontinuous. There remains extensive areas along several kilometers of the vein-fault systems yet to be drill tested in favourable stratigraphy at depth. In particular, these areas include the northeastern extension of the Bermingham deposit towards the historic Hector-Calumet mine, as well as southwest to the Coral Wigwam prospect and beyond to the west.”

2021 Program Summary and Bermingham Geology

The 2021 exploration program has provided nominal drill intersection spacings of 35 m along strike by 25 m dip separation along the subparallel Bermingham Main and Bermingham Footwall veins using directional drilling technology whereby shorter secondary drill-holes were initiated at depth from an existing primary drill-hole. The mineralized Northeast Deep zone is structurally complex with a horizontal to gentle northeast plunge along a strike length of 500 m and an apparent dip extent exceeding 100 m – the zone exhibits a mineralogy similar to that seen elsewhere in the Bermingham deposit. Characteristically, mineralized widths that range up to 20 m are coincident with changes in strike and dip of the hosting fault structure in response to variations in rock competency and proximity to the intersection of the two veins, which can now be traced over a 900 m strike length throughout the length of the Bermingham deposit. The mineralization is primarily hosted within the thick bedded quartzites of the Keno Hill Quartzite that also host the nearby historical Hector-Calumet deposit.

Operations Update

Ramp up of underground development and ore production continues with increasing ore production to design capacity rates (400 tonnes per day) targeted during Q1 2022. Ore production from the Bellekeno mine is complete with underground assets removed and redeployed and the mine has transitioned into longer term monitoring. At Flame & Moth, an Alimak nest has been completed on the 815 ore access level and the raise contractor is currently advancing the 85 m ventilation and secondary egress raise to surface. Two initial ore level accesses are being driven on the 815 and 835 levels at Flame & Moth with a target of having five ore production headings opened in early Q1 2022. At Bermingham, the first ore drive on the 1150 level is complete and long hole drilling is underway. Longhole stoping in the 1150 level is anticipated to commence before year end, which will provide a significant increase in ore tonnes delivered from Bermingham. In the mill, the installation of new concentrate regrind mills is complete and the installation of the secondary grinding mill has also been completed and commissioned. With commissioning of the secondary grinding mill using Bermingham ore feed, extended periods of throughput at 17 tonnes per hour (400 tonnes per day run rate) has been achieved along with design metallurgical performance and concentrate Ag grades in excess of 18,000 g/t being produced.

Retirement of Al McOnie, VP Exploration 

Alexco also announces that Mr. Al McOnie, Vice President, Exploration, has decided to retire from the Company after more than 15 years of service, effective December 31st, 2021.  “Al has been a trusted friend and an exceptional leader at Alexco,” said Clynt Nauman, Alexco’s Chairman and CEO. “There can be no doubt that the incredible success of our exploration efforts over the past decade would not have been possible without Al and his leadership. On behalf of the Board and employees at Alexco, we wish Al the very best in his retirement.”

Going forward, Ms. Liana Stammers, P.Geo, Alexco’s Senior Exploration Geologist, will serve as the Company’s Qualified Person for exploration related topics. Al McOnie has agreed to continue to be available to the Company to provide strategic advice regarding future exploration initiatives.

Qualified Persons and Procedures

The 2019 - 2021 exploration drill programs and sampling protocol has been reviewed, verified, and compiled by Alexco’s geologic staff under the supervision of Alan McOnie, FAusIMM, Vice President Exploration and Liana Stammers, P.Geo, Senior Exploration Geologist, while that regarding mine development and operations has been reviewed and approved by Neil Chambers, P.Eng., Chief Mine Engineer, all of whom are Qualified Persons as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Compared with previous years, the core sampling protocols have varied from sampling half HQ core, as more holes have been completed in NQ core in some daughter holes where essentially whole core assay sampling has been undertaken to ensure adequate sample size, providing adequate representative sample material has been retained and high resolution core photography undertaken.

A rigorous quality control and quality assurance protocol is used on the project, including blank, duplicate, and standard reference samples in each batch of 20 samples delivered to the assay lab. Drill core samples are shipped internally to ALS Minerals Labs at Whitehorse, Yukon for preparation, with multi-element ICP, fire assay and overlimit analyses completed at the ALS Minerals facility in North Vancouver, British Columbia.

About Alexco

Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District, in Canada’s Yukon Territory, one of the highest-grade silver deposits in the world. Alexco is currently advancing Keno Hill to commercial production and commenced concentrate production and shipments in the first quarter of 2021. Keno Hill is expected to produce an average of approximately 4.4 million ounces of silver per year contained in high quality lead/silver and zinc concentrates. Keno Hill retains significant potential to grow and Alexco has a long history of expanding the operation’s mineral resources through successful exploration

Contact

Clynton R. Nauman, Chairman and Chief Executive Officer
Rajni Bala, Investor Relations and Communications Lead
Phone: (778) 945-6577
Email: info@alexcoresource.com

Website: www.alexcoresource.com

Forward-Looking Statements

Some statements (“forward-looking statements”) in this news release contain forward-looking information concerning Alexco’s anticipated results and developments in Alexco’s operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future, made as of the date of this news release.  Forward-looking statements may include, but are not limited to, statements with respect to the future remediation and reclamation activities, future mineral exploration, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, future mine construction and development activities, future mine operation and production, the timing of activities and reports, the amount of estimated revenues and expenses, the success of exploration activities, permitting time lines, requirements for additional capital and sources and uses of funds. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors, which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results and timing of exploration and development activities; actual results and timing of mining activities; actual results and timing of environmental services activities; actual results and timing of remediation and reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of silver, gold, lead, zinc and other commodities; possible variations in mineable resources, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; First Nation rights and title; continued capitalization and commercial viability; global economic conditions; competition; and delays in obtaining governmental approvals or financing or in the completion of development activities.  Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking statements included in this news release, Alexco has applied several material assumptions, including, but not limited to, the assumption that Alexco will be able to raise additional capital as necessary, that the proposed exploration and development will proceed as planned, and that market fundamentals will result in sustained silver, gold, lead and zinc demand and prices. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Alexco expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

APPENDICES

Figure 1 – Location of 2021 Galena Hill Drilling Showing Bermingham Deep NE and Sime

Figure 2 - Location of all drill hole intercepts of the Bermingham NE Deep zone (refer Figure 3) with +30 g/t Ag composite intervals of this release shown in red

Figure 3 - Vertical Longsection showing distribution of drill hole intercepts on the Bermingham Footwall vein.

2021 September completed holes shown in dark red, 2021 December holes shown in red, previous years in black.

Table 1 - Location of 2021 Drill Holes with completed assays in this Release

Hole East (m) North (m) Elevation (m) Length (m) Surface Azimuth Surface Dip
K-21-0789D * 479664.78 7087155.44 1090.56 270.00 302.0 -74.0
K-21-0791B * 479548.60 7086986.19 1054.28 222.00 302.9 -66.4
K-21-0792D * 479599.95 7087059.77 1070.61 267.09 290.8 -71.9
K-21-0793 482175.92 7088302.35 1276.06 224.00 338.0 -56.0
K-21-0794A * 479503.60 7086909.00 1125.50 308.00 273.8 -64.4
K-21-0795 479770.41 7087087.93 1368.68 38.00 278.0 -71.0
K-21-0796 * 479770.36 7087087.84 1368.71 530.00 278.0 -72.5
K-21-0796A 479696.39 7087107.53 1139.48 320.00 291.7 -64.3
K-21-0796B 479707.63 7087102.94 1166.91 333.00 295.2 -67.0
K-21-0796C 479650.19 7087131.90 1014.99 219.80 300.4 -63.7
K-21-0796D * 479659.22 7087127.47 1036.77 217.58 296.7 -66.8
K-21-0797 * 479602.96 7086902.78 1367.25 585.50 255.0 -62.0
K-21-0797A * 479475.45 7086876.29 1111.58 292.50 266.6 -60.1
K-21-0798 * 479615.65 7086913.83 1367.43 539.00 266.0 -71.0
K-21-0798A * 479497.34 7086918.22 1061.90 286.00 294.6 -68.1
K-21-0799 479648.72 7086932.52 1369.23 528.00 300.0 -75.0
K-21-0799A 479583.07 7086983.11 1097.07 260.00 313.4 -60.3
K-21-0799B 479588.44 7086978.21 1111.33 291.00 312.0 -64.0
K-21-0799C * 479594.63 7086972.77 1130.64 336.15 309.9 -68.3
K-21-0800 479484.94 7086725.39 1369.35 539.00 308.0 -65.0
K-21-0800A 479397.86 7086804.86 1124.35 249.00 315.1 -58.9
K-21-0800B 479405.94 7086796.32 1145.27 279.00 315.8 -61.9
K-21-0800C * 479409.86 7086792.42 1155.92 262.36 314.5 -63.1
K-21-0800D 479381.12 7086816.32 1084.18 180.89 305.8 -56.8
K-21-0801 * 479731.29 7086977.72 1372.36 540.00 307.0 -69.0
K-21-0801A 479629.04 7087074.10 1049.37 198.00 315.9 -56.1
K-21-0801B 479647.64 7087056.91 1090.12 276.00 310.3 -61.8
K-21-0801C 479650.65 7087054.21 1098.16 219.30 313.3 -64.1
K-21-0802 * 479648.35 7086932.32 1369.29 551.00 279.0 -72.0
K-21-0802A 479556.41 7086960.96 1086.64 258.00 295.8 -61.6
K-21-0803 * 479485.01 7086725.54 1369.32 506.00 317.0 -64.0
K-21-0803A 479391.20 7086837.93 1091.77 202.08 322.6 -59.2

Notes
*  NQ cored
Locations in UTM NAD83 -Z8 projection located by survey controlled RTK GPS
Collars of daughter holes (A, B, C, D) located at take off point from parent hole
Downhole surveys by gyro or single shot reflex

Table 2 – +30 g/t and +900 g/t Ag Composite Assay Intervals

Hole From
(m)
To
(m)
Interval
(m)
True Width
(m)
Ag
(g/t)
Ag
(oz/t)
Au
(g/t)
Pb
(%)
Zn
(%)
Vein
K-21-0789D 158.18 161.50 3.32 2.78 92 2.95 0.04 1.28 2.60 BM2
  195.00 195.40 0.40 0.34 485 15.59 0.06 0.71 0.01 BM Splay
  198.25 201.65 3.40 2.87 365 11.72 0.04 0.45 0.01 BM
Including 198.25 200.60 2.35 1.98 468 15.03 0.04 0.58 0.01 BM
                     
K-21-0791B 206.33 206.80 0.47 0.30 132 4.24 0.16 1.25 0.04 BM
  210.00 214.02 4.02 2.59 251 8.06 0.10 0.60 0.02 BM
  216.97 217.27 0.30 0.20 198 6.37 0.12 0.58 0.02 BM
                     
K-21-0792D 164.32 167.92 3.60 3.02 1273 40.93 0.54 5.88 2.04 BM2
Including 166.43 167.92 1.49 1.25 2848 91.56 0.65 6.89 2.55 BM2
  233.21 233.37 0.16 0.09 844 27.14 0.13 7.74 0.45 FW splay
  244.02 250.41 6.39 3.51 609 19.56 0.13 3.16 0.18 FW
Including 244.43 248.08 3.65 2.01 973 31.28 0.19 5.05 0.14 FW
  259.60 262.25 2.65 1.46 46 1.49 0.01 0.18 0.00 FW splay
                     
K-21-0793 211.57 213.13 1.56 1.19 150 4.81 0.09 1.96 5.60 Sime Aho
  215.65 216.35 0.70 0.53 53 1.70 0.11 0.18 1.14 Sime Aho Splay
  221.32 222.64 1.32 0.97 137 4.40 0.13 0.41 7.49 Sime Ruby
                     
K-21-0794A 237.45 238.42 0.97 0.84 848 27.26 0.24 3.20 1.69 BM
Including 237.83 238.12 0.29 0.25 2040 65.59 0.59 2.67 1.73 BM
  280.26 281.05 0.79 0.45 1795 57.71 0.28 13.30 1.45 FW
                     
K-21-0796 467.60 469.35 1.75 1.61 1607 51.65 0.23 1.73 1.44 BM2
Including 468.55 469.35 0.80 0.74 2790 89.70 0.40 2.44 0.98 BM2
  501.75 504.45 2.70 1.97 859 27.62 0.09 3.29 0.85 FW
Including 502.90 503.40 0.50 0.36 4080 131.17 0.36 14.82 2.56 FW
  509.66 510.13 0.47 0.34 68 2.19 0.04 1.10 1.69 FW splay
  512.86 514.50 1.64 1.20 45 1.45 0.04 0.38 1.07 FW splay
  517.00 518.30 1.30 0.95 446 14.34 0.08 6.52 8.71 FW splay
Including 517.00 517.40 0.40 0.29 1170 37.62 0.10 18.15 4.90 FW splay
                     
K-21-0796A 258.14 258.86 0.72 0.66 118 3.79 0.02 0.33 0.11 BM
  261.52 262.45 0.93 0.85 99 3.19 0.06 0.13 0.04 BM splay
  287.76 288.48 0.72 0.48 84 2.70 0.02 0.29 1.51 FW splay
  290.50 290.98 0.48 0.32 551 17.72 0.12 3.06 2.04 FW
                     
K-21-0796B 256.28 256.80 0.52 0.50 44 1.41 -0.01 0.01 0.01 BM2
  299.50 306.74 7.24 5.43 996 32.03 0.18 3.02 1.15 FW
Including 299.50 301.11 1.61 1.21 4216 135.55 0.71 11.96 3.62 FW
                     
K-21-0796C 93.26 93.96 0.70 0.64 32 1.03 0.22 0.13 0.21 BM2
  124.39 125.59 1.20 1.10 988 46.30 0.17 0.26 0.14 BM
Including 124.39 125.14 0.75 0.69 1440 46.30 0.23 0.33 0.22 BM
  154.67 156.90 2.23 1.52 153 4.90 0.06 0.60 0.37 FW
Including 155.66 155.90 0.24 0.16 992 31.89 0.34 4.58 1.90 FW
                     
K-21-0796D 161.60 163.00 1.40 1.25 34 1.10 0.03 0.06 0.01 BM
  191.70 196.10 4.40 2.73 530 17.03 0.08 0.26 0.64 FW   *
Including 191.70 192.05 0.35 0.22 1675 53.85 0.12 0.88 0.13 FW
  194.75 195.43 0.68 0.42 2349 75.52 0.32 1.00 1.74 FW
                     
K-21-0797 496.91 500.19 3.28 2.88 653 20.98 0.33 2.85 3.46 BM
Including 496.91 498.44 1.53 1.34 1182 38.01 0.49 4.21 2.72 BM
  515.81 517.10 1.29 1.14 986 31.69 0.14 0.33 3.70 BM splay
Including 515.81 516.17 0.36 0.32 3390 108.99 0.44 0.15 9.53 BM splay
  549.70 550.73 1.03 0.71 255 8.19 0.15 0.20 0.21 FW
  552.92 553.43 0.51 0.35 1300 41.80 0.39 0.02 0.03 FW
  562.54 562.75 0.21 0.14 341 10.96 0.13 5.75 7.71 FW splay
                     
K-21-0797A 207.82 216.00 8.18 7.20 1082 34.78 0.32 5.47 4.92 BM
Including 208.45 215.12 6.67 5.87 1233 39.65 0.33 6.54 5.89 BM
  271.88 273.90 2.02 1.30 275 8.84 0.07 0.24 1.12 FW
Including 273.45 273.90 0.45 0.29 1010 32.47 0.17 0.17 4.62 FW
                     
K-21-0798 509.00 511.50 2.50 1.96 177 5.70 0.04 1.60 0.58 FW
                     
K-21-0798A 178.27 180.74 2.47 2.18 216 6.94 0.13 1.39 0.19 BM
Including 178.93 179.15 0.22 0.19 1440 46.30 0.83 6.30 2.00 BM
  184.85 187.40 2.55 2.26 76 2.44 0.04 1.07 0.49 BM splay
  214.96 215.27 0.31 0.18 55 1.75 0.09 0.50 0.03 FW splay
  235.00 237.23 2.23 1.31 37 1.18 0.01 0.02 0.08 FW
  270.18 271.30 1.12 0.66 97 3.13 0.02 0.00 0.00 Unknown Vein
                     
K-21-0799 483.45 485.52 2.07 2.01 1121 36.03 0.33 3.07 5.19 BM2
Including 483.45 484.49 1.04 1.01 2011 64.67 0.39 5.69 8.44 BM2
  488.70 490.63 1.93 1.87 32 1.03 0.01 0.14 0.21 BM2 splay
  493.00 494.98 1.98 1.91 75 2.40 0.02 0.86 0.70 BM splay
  498.03 498.94 0.91 0.88 653 20.99 0.10 1.68 0.03 BM
  502.65 509.81 7.16 5.56 255 8.19 0.02 1.16 0.41 FW
Including 502.65 502.80 0.15 0.12 9090 292.25 0.79 34.55 2.08 FW
  515.00 517.03 2.03 1.58 114 3.65 0.03 1.64 0.88 FW splay
                     
K-21-0799A 203.15 208.60 5.45 5.06 162 5.19 0.02 0.35 1.99 BM2
  212.29 213.45 1.16 1.08 137 4.42 0.08 1.88 1.52 BM
  245.00 245.44 0.44 0.30 80 2.59 0.09 0.62 0.62 FW
                     
K-21-0799B 223.10 227.00 3.90 3.58 34 1.09 0.00 0.07 0.44 BM2
  232.87 234.65 1.78 1.64 53 1.71 0.02 0.35 0.42 BM splay
  254.40 256.00 1.60 1.07 35 1.12 0.03 0.27 0.02 FW splay
  270.30 279.55 9.25 6.20 888 28.56 0.16 0.82 0.94 FW
Including 275.16 278.30 3.14 2.11 2217 71.26 0.36 1.85 0.77 FW
                     
K-21-0799C 255.00 255.68 0.68 0.62 104 3.34 0.01 0.01 0.03 BM2
  319.16 323.36 4.20 2.69 149 4.79 0.04 0.19 0.04 FW
Including 320.90 321.31 0.41 0.26 1020 32.79 0.15 0.04 0.02 FW
                     
K-21-0800 353.00 353.61 0.61 0.51 718 23.08 0.08 1.97 0.19 Aho splay
  457.86 458.58 0.72 0.71 94 3.03 0.01 1.18 1.34 BM splay
  461.00 462.34 1.34 1.31 157 5.05 0.05 0.58 2.21 BM
  464.65 470.00 5.35 4.49 1205 38.73 0.21 1.17 1.13 FW
Including 465.94 469.56 3.62 3.04 1607 51.68 0.26 1.51 1.35 FW
                     
K-21-0800A 187.75 199.42 11.67 11.09 1383 44.45 0.28 4.45 4.02 BM
Including 189.00 192.51 3.51 3.33 2959 95.14 0.57 8.08 5.05 BM
Including 197.26 198.98 1.72 1.63 2054 66.03 0.21 9.14 1.07 BM
  207.77 207.96 0.19 0.18 556 17.88 0.02 0.09 33.96 BM splay
  214.63 237.72 23.09 16.86 394 12.65 0.09 1.88 3.95 FW   **
Including 216.42 217.91 1.49 1.09 2563 82.40 0.24 6.40 20.66 FW
Including 221.43 221.89 0.46 0.34 1165 37.46 0.22 25.49 2.67 FW
Including 230.29 235.00 4.71 3.44 643 20.66 0.13 1.48 2.28 FW
                     
K-21-0800B 121.43 121.61 0.18 0.13 221 7.11 0.16 0.87 0.01 Aho splay
  216.80 221.27 4.47 4.16 3226 103.72 0.73 12.31 3.05 BM
Including 216.80 220.63 3.83 3.56 3748 120.50 0.85 14.37 2.97 BM
  241.42 241.72 0.30 0.21 1105 35.53 0.16 0.09 0.15 FW splay
  244.23 246.56 2.33 1.65 76 2.43 0.03 0.06 0.43 FW splay
  253.27 255.64 2.37 1.68 238 7.65 0.09 2.30 3.81 FW
Including 253.91 254.11 0.20 0.14 2140 68.80 0.26 21.64 2.05 FW
  263.68 264.42 0.74 0.53 383 12.31 0.07 3.45 0.12 FW splay
                     
K-21-0800C 214.15 220.35 6.20 6.08 42 1.36 0.10 0.16 0.31 BM
  242.75 244.27 1.52 1.25 1202 38.64 0.13 11.04 0.90 FW
Including 243.68 243.97 0.29 0.24 5580 179.40 0.58 48.77 4.39 FW
                     
K-21-0800D 54.90 57.94 3.04 2.10 127 4.08 0.26 0.30 0.82 Aho splay
  135.81 139.16 3.35 3.25 62 2.00 0.18 0.27 0.47 BM
  149.35 149.60 0.25 0.20 165 5.30 0.26 0.05 0.06 FW splay
  163.58 170.88 7.30 5.69 673 21.64 0.12 2.68 1.95 FW
Including 163.58 164.44 0.86 0.67 4255 136.81 0.65 12.97 0.46 FW
                     
K-21-0801 487.27 489.41 2.14 2.10 62 2.00 0.03 0.66 1.93 BM2
  520.30 524.63 4.33 3.46 87 2.79 0.04 0.35 0.65 FW
  530.63 532.75 2.12 1.70 596 19.15 0.10 1.62 0.18 FW
Including 530.63 531.37 0.74 0.59 1535 49.35 0.19 4.17 0.45 FW
                     
K-21-0801A 134.01 138.59 4.58 4.40 389 12.51 0.07 0.81 0.74 BM2
Including 137.43 137.82 0.39 0.37 2110 67.84 0.14 5.61 0.13 BM2
  153.49 157.48 3.99 3.83 165 5.32 0.06 2.00 1.04 BM
Including 153.49 153.71 0.22 0.21 2230 71.70 0.33 31.22 11.65 BM
  166.89 167.57 0.68 0.51 55 1.76 0.03 1.13 0.55 FW splay
  174.18 174.77 0.59 0.44 525 16.88 0.09 0.17 0.56 FW splay
  177.00 179.34 2.34 1.80 450 14.47 0.07 0.14 2.15 FW
  186.89 187.36 0.47 0.36 1640 52.73 0.32 4.42 2.24 FW splay
                     
K-21-0801B 183.46 187.58 4.12 3.79 497 15.99 0.09 1.08 0.29 BM2
Including 185.39 186.36 0.97 0.89 1380 44.37 0.19 2.62 0.59 BM2
  207.66 208.27 0.61 0.56 171 5.50 0.06 2.85 0.40 BM
  245.49 254.41 8.92 5.98 216 6.96 0.06 0.63 1.07 FW
Including 247.10 247.40 0.30 0.20 3160 101.60 0.57 3.26 0.41 FW
                     
K-21-0802 500.30 519.69 19.39 14.54 618 19.86 0.13 1.78 0.59 FW
Including 500.30 504.01 3.71 2.78 1420 45.65 0.32 5.40 0.69 FW
Including 511.28 512.85 1.57 1.18 3126 100.51 0.54 5.56 2.34 FW
                     
K-21-0802A 208.95 210.00 1.05 0.97 302 9.71 0.08 1.46 3.91 BM
  228.16 240.00 11.84 9.24 370 11.91 0.07 1.43 0.41 FW
Including 235.06 238.59 3.53 2.75 908 29.18 0.15 3.09 0.84 FW
                     
K-21-0803 341.59 342.81 1.22 0.92 57 1.85 0.07 0.26 1.22 Aho splay
  461.83 462.08 0.25 0.24 88 2.83 0.09 0.65 4.24 BM splay
  464.73 476.34 11.61 11.15 543 17.46 0.21 0.80 1.18 BM
Including 468.07 468.49 0.42 0.40 6560 210.91 1.52 5.07 3.26 BM
Including 472.60 473.33 0.73 0.70 2230 71.70 0.43 2.32 10.15 BM
  478.58 485.52 6.94 5.41 1331 42.80 0.25 4.15 4.55 FW
Including 479.20 480.96 1.76 1.37 3198 102.81 0.51 5.73 4.66 FW
Including 483.02 485.00 1.98 1.54 1426 45.83 0.32 6.46 4.14 FW
                     
K-21-0803A 29.03 31.36 2.33 1.70 244 7.84 0.10 0.31 0.95 Aho splay
  153.10 160.06 6.96 6.61 349 11.23 0.25 0.98 1.02 BM
Including 153.10 153.72 0.62 0.59 2360 75.88 0.65 4.76 2.24 BM
  170.85 181.61 10.76 7.85 1358 43.66 0.18 5.65 3.15 FW
Including 175.64 181.61 5.97 4.36 2370 76.20 0.28 9.66 4.30 FW

30 g/t Ag composite including up to 2m interval internal waste

900 g/t Ag composite including up to 2m interval internal waste

* K-21-0796D FW Vein includes 2.17 m of internal waste (1.35 m true width)

** K-21-0800A FW Vein includes 5.42 m of internal waste (3.96 m true width)