Alexco Resource Corp (AXU)

[Picassa]

Alexco President and Chief Executive Officer Clynt Nauman said, "During the first quarter, we have been mining areas that are peripheral to the main SW and 99 resource at Bellekeno; although lower grade, these areas remain economic and would otherwise be sterilized by future mining interior to the deposit. Accordingly, as we progress through the second and third quarters we will be sequencing back into higher grade areas of the mine. We continue to expect to produce approximately 1.9 to 2.1 million ounces from the Bellekeno mine in 2013. I anticipate that the average Bellekeno silver head grade for the full year will settle in around 700 gpt, but with quarter to quarter variations. It is important to remember that Bellekeno remains one of the highest-grade silver mines in the world."