| Alexco Resources Corp. - AXR.t operates the Bellekeno silver mine, Canada's only operating primary silver mine and one of the world's highest-grade silver mines.|
Alexco produced 2,150,959 ounces of silver in 2012.
On January 31, 2013, the Company released NEWS
Alexco Expands Flame & Moth Indicated Resource to 22.9 Million Ounces of Silver; Resource Grade Increased, Deposit Remains Open
Alexco Resource Corp. (NYSE-MKT:AXU, TSX:AXR) today released a new, updated mineral resource estimate for the Flame & Moth discovery within the Keno Hill Silver District in Canada's Yukon Territory, substantially increasing its previously estimated indicated silver resource. Since publishing the initial resource estimate (see news release dated June 28, 2012 entitled "Alexco Announces Initial Resource Estimates for Flame & Moth and Bermingham"), Alexco has drilled 8,752 meters in 43 holes to expand the Flame & Moth indicated silver resource from 11.1 million ounces to 22.9 million ounces, while increasing the indicated resource grade 14% to 516 grams per tonne (gpt), or 16.6 ounces per ton (opt) silver.