Flame & Moth Overview
In early 2013, Alexco released new resource calculations for its new Flame & Moth discovery, an example of successful exploration that additionally demonstrated the ability to make significant “greenfields” discoveries in the historic district. Better still, the discovery was “blind” (without surface expression), adjacent to existing infrastructure and easily accessible with shallow underground development. In March 2017, an updated Preliminary Economic Assessment reported Flame & Moth indicated mineral resources at 26.8 million ounces at an average silver grade of 498 g/t. The inferred mineral resources of 4.1 million ounces of contained silver at an average grade of 356 g/t (“grams/tonne”). The Flame & Moth deposit remains open for further exploration.
The portal and infrastructure was established for the Flame & Moth decline in 2016 and construction of water treatment and other support facilities is underway in 2017. In December 2017, Alexco received the necessary amendment to the Water Use License making Flame & Moth fully permitted.
Within the mine plan, Flame & Moth is the tonnes driver that is the backbone producing for the entire 8 years of mine life.
Please review our full cautionary language here.