(RTTNews) - Alexco Resource Corp. (AXU:
News ,AXR.TO:
News ) announced the completion of a positive Development Plan for its wholly owned silver-lead-zinc Bellekeno mine in Keno Hill Silver District, Yukon. The development plan incorporates the terms of Alexco's deal with Silver Wheaton Corp. (SLW.TO:
News ,SLW:
News ), and outlines a project with a pre-tax net present value to Alexco of C$31.9 million over an initial mine life of about 4 years.
Alexco also added that Silver Wheaton has provided it with written confirmation of their acceptance that the Development Plan is favourable, and its board has authorized the initiation of construction activity in anticipation of full mine production in the third quarter of 2010.
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by RTT Staff Writer
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