Exploration & Processing - Winter 2011 - (Page 66)

ALEXCO RESOURCE CORP . BY RUSS GAGER Photo: R. Hartmeir photograph ©2010 Alexco Resource Group says it was able to take the Bellekeno silver mine from exploration to production in only three years, thanks to the company’s experience. INSTEAD OF ONLY RAISING MONEY FOR EXPLORATION, ALEXCO RESOURCE CORP. ALSO WILL FINANCE IT THROUGH PROCEEDS FROM ITS REOPENED SILVER MINE. EXPLORE AS YOU GO COMPANY PROFILE Alexco Resource Corp. www.alexcoresource.com Market capitalization: $250 million HQ: Vancouver Employees: 200 Specialty: Precious metals Rob McIntyre, vice president of business development and corporate affairs: “All the man- R exploration and development agement is experienced at operating mines.” 66 | EXPLORATION-PROCESSING.COM ecycling is popular nowadays, but Alexco Resource Corp. is taking it further by resuming operations at the Bellekeno mine. If there is such a thing as green mining, this might be it. Bellekeno was one of approximately 35 locations mined in the Keno Hill Silver District in the Yukon over the last 100 years, of which five or six mines were in production at any one time. Now Alexco Resource – which is celebrating its fifth anniversary – has discovered additional silver reserves in the mine and is on the verge of reopening it during the third quarter of 2010. “The biggest story about Bellekeno is that it has been three years from discovery to production,” emphasizes Rob McIntyre, vice president of business development and corporate affairs. “The deposit there is known. We are absolutely on schedule and on budget. So it’s reflecting a seasoned management approach to the project. All the management of the company is experienced at operating mines. We’re pretty excited about being able to do what we said we were going to do three years ago.” Silver Wheaton – which buys purchase agreements for precious metals production – provided $50 million for 25 percent of the silver production at Bellekeno. That investment is enabling Alexco Resource to reopen the mine. WINTER 2011 http://www.EXPLORATION-PROCESSING.COM

Table of Contents for the Digital Edition of Exploration & Processing - Winter 2011

Exploration & Processing - Winter 2011
Redefining Refining
Synfuels Success
A Natural Solution
After the Fallout
Uranium on the Rise
Galleon Energy Inc.
Gibraltar Mines Ltd.
The Municipal Group of Companies
Selwyn Resources Ltd.
Redmond Minerals Inc.
Copper Fox Metals
Henry Resources
OFM Pump Inc.
Sunshine Oilsands Ltd.
Pacific Rubiales Energy Co.
Thermo Design Engineering
Alexco Resource Corp.
North American Palladium
Mammoet Canada Eastern Ltd.
KSM Inc.
Industrial Equipment Manufacturing Ltd.
Flexpipe Systems
Guyana Goldfields Inc.
Flotek Industries Inc.
Dominion Terminal Associates
Compressor and Engine Service LLC
BEHR Energy Services Ltd.
LoneStar Energy Fabrication
American Oil & Gas – The Goliath Project
Alberta Oilsands Inc.
Southern Petroleum Laboratories Inc.
Cochrane Technologies Inc.
Crystal Flash Energy
Energold Drilling Corp.
Esperanza Resources Corp.
Explorator Resources Inc.
Rush Sales Co.
Kimber Resources Inc.
Nelson Bros. Oilfield (1997) Services Ltd.
Gulf Copper and Manufacturing
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Exploration & Processing - Winter 2011