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Alexco Resource 50% complete for underground development, ready for production in first quarter 2019

Last updated: 10:35 05 Jun 2018 EDT, First published: 10:33 05 Jun 2018 EDT

Alexco Resource Corp (NYSE-American:AXU) (TSX:AXR) CEO Clynton Nauman tells Proactive Investors the silver-mining company has four assets in the Keno Hill Silver District in Yukon, Canada, that total around 50 mln to 60 mln ounces of silver with grades ranging from 500 to 600 grams/tonne of silver, with up to more than 1 kg/tonne of silver. Nauman says these will be ready for production by the beginning of 2019.

Alexco anticipates on producing around 3.5 mln ounces of silver over an eight-year mine life, processing ore about 400 tonnes per day.

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