Resource World Magazine

a p r i l / m a y 2 0 1 5 www.resourceworld.com 43 to fund the feasibility study activities. Our goal said Reda, "is to build an economically robust project in the cur- rent economic environment." The early start has resulted in several excellent drill results being reported this year. On February 5, 2015,Kaminak reported infill drill results from the Supremo deposit, Coffee Gold Project; highlights include: 12.95 g/t gold over 9.14 metres, 9.22 g/t gold over 11 metres and 6.41g/t gold over 15 metres. On January 27, 2015, Kaminak reported infill drill results and announced a new gold discovery at the Coffee Gold Project; highlights include: 3.95 g/t gold over 13 metres, 3.09 g/t gold over 10 metres and 3.24 g/t gold over 13.72 metres. On January 20, 2015 Kaminak reported high-grade infill drill results from the Double Double deposit, Coffee Gold Project; highlights include: 37.6 g/t gold over 5 metres, 32.8 g/t gold over 6.1 metres and 5.1 g/t gold over 33.5 metres. On January 13, 2015,Kaminak reported infill drill results from the Coffee Latte deposit; highlights include: 3.99 g/t gold over 22.9 metres, 4.85 g/t gold over 16.8 metres, 24.1 g/t gold over 3 metres and 3.63 g/t gold over 19.8 metres. Klondike Gold Corp. [KG-TSXV; KDKGF- USOTC] plans to begin field work in May this year with a board approved, 2015 exploration budget of $800,000. The exploration program will focus on their 100%-owned Lone Star property (20 km southeast of Dawson City) and their 100%- owned Dominion property (35 km SE of Dawson City). Exploration will consist of the collection of "target specific geophys- ics, soil geochemistry, trenching, plus prospecting and mapping." Klondike Gold has also budgeted for an initial test of approximately 1,000 metres of diamond drilling "contingent upon continued positive detailed exploration results". Klondike Gold has working capi- tal of approximately $1.2 million and is fully funded for 2015. Klondike has reported significant results from their 2014 field program evaluating the Lone Star, Dominion, and Gold Run properties located near Dawson. On February 2, 2015, Klondike Gold announced rock assay results from 37 pros- pecting samples on the Gold Run property. Nine prospecting samples of quartz vein- ing had gold assays between 3.0 g/t and 26.4 g/t gold. January 19, 2015, Klondike Gold announced it had received rock assays from 89 samples from their Dominion property collected in 2014. Three prospecting samples across a 3-metre wide quartz vein exposed in a c.1910 prospecting shaft had gold assays of 81.3 g/t, 12.7 g/t and 7.3 g/t gold. The prospect has never been drill tested. Prospecting samples from the Dominion Adit 150 metres vertically beneath Hunker Dome assayed gold between 0.2 g/t and 0.6 g/t gold with silver between 10 g/t and 167 g/t interpreted to represent vertical con- tinuation of veining. January 14, 2015, Klondike Gold announced rock assays from 212 prospect- ing samples on the Lone Star property. Prospecting samples at the Boulder Lode prospect from a newly uncovered quartz vein yielded gold assays of 1,766 g/t gold, 1,007 g/t gold, and 831 g/t gold with corre- sponding silver assays of 400 g/t silver, 237 g/t silver, and 205 g/t silver respectively. Alexco Resource Corp. [AXR-TSX, AXU-NYSE MKT] is the 100% owner of the Yukon's historic Keno Hill Silver District. Alexco recently suspended operations at their 100%-owned Bellekeno silver mine, 330 km north of Whitehorse, in order to decrease costs and reposition the district for long-term, sustainable operations. The Bellekeno silver mine is one of the world's highest-grade silver mines with a produc- tion grade of up to 1,000 grams per tonne and was Canada's only operating primary silver mine from 2011 to 2013. Alexco reported on January 20, 2015, the intersecting of 1,483 g/t silver (47.7 ounces per ton) over 6.2 metres true width at their 100%-owned Flame & Moth deposit in the Keno Hill silver district. On November 5, 2014 Alexco announced that it had drilled its "best hole ever" intersecting an astounding 5,667 g/t silver over 6.39 metres (true width) at its 100%-owned Bermingham property in the Keno Hill Silver District. The Bermingham deposit, which has a current indicated resource of 3.8 million ounces of silver and a current inferred resource of 1.2 million ounces of silver, is located approximately 5 km east of the Flame & Moth deposit and the district mill. Bermingham is adjacent to the historical Hector-Calumet Mine which produced 96 million ounces of silver at a reported aver- age grade of approximately 1,090 grams per tonne. On December 23, 2014, Alexco Resource released an updated NI 43-101 compliant Preliminary Economic Assessment (PEA) for the Keno Hill Silver District stating that, "This PEA consolidates into one report updated information related to construc- tion and operation of a new underground mine at the Flame & Moth silver deposit, and includes current resource statements for the Bellekeno, Lucky Queen, Onek and Bermingham deposits." The PEA assesses an operations expansion for production of silver, lead, zinc and gold. Alexco has a stated goal of "identify- ing 100 million ounces of silver in Keno Hill Silver District and ramping up to more than 7 million ounces of annual silver pro- duction over the next decade." n A representative for the Yukon Ministry of Economic Development told Resource World that the estimated total Yukon exploration budget, for the 2015 field season is $80 to $100 million.

• Cover