- Decent drill results, defined a small (6Moz) silver resource resource with a high grade core.
- Good potential to expand known resources but upside is limited at ~15Moz silver.
- good base metal credits, but minimal gold values.
Putting it in perspective - most decent sizes mines producer 4-5Moz Ag a year, and so the current resources = 14 months production. Useful, but not something you'll take to the bank and build a mine on!
The geocrap bit.Alexco have announced that they will be returning to drill more holes at Bermingham (link) where they intersected some spectacular silver grades in late 2015 (link).
In April 2015, an initial resource was calculated for the Bermingham vein (among other) that showed that they had defined a small, medium grade resource (link).
|Not huge, but decent grades and a nice base metal kick|
Here is the quick and dirty model of just the Bermingham vein, and it looks a big of a dogs dinner, with bulges and troughs, we know that the deposits is cut by several post-mineral (i.e. the faults moved after the veins were formed).
|Just a case of joining the dots....|
|The Bermingham vein - the bulges and troughs are due to faults offsetting the vein.|
|A couple of fault offsetting the 3-4 veins at Bermingham|
|That red blob forms a distinct trend (red >3m, green = 2m, blue <1m)|
|Silver - does it have a similar trend as the vein thickness figure above - thicker vein = more silver?|
|not much gold here....|
|Lead - similar to silver|
|Zinc - same as above|
We can also see where there are areas that haven't been drilled.
|Red polygons = undrilled targets|
You can get the 3D model from here (link) have have a look for yourself.