Alexco Resources Hits High Grades! 1,039 oz/ton AXU(Amex)

Don't know if this forum is aware of this stock. Doug Casey has promoted it.

October 23, 2007 Vancouver, British Columbia -- Alexco Resource Corp. (TSX:AXR, AMEX:AXU) ("Alexco") is pleased to announce results from its 2007 Lucky Queen core drilling program at the Keno Hill Project, Yukon, being managed by NovaGold Resources Inc. (TSX, AMEX: NG). Step out drilling in the area of the historic Lucky Queen mine has intersected exceptionally high grade silver mineralization approximately 170 meters south-west of similar grade intercepts encountered by Alexco in 2006, establishing continuity of the mineralized vein structure southwestward and below historically mined areas.

Highlights

* Partial assay results have been received for a step out hole drilled in the Lucky Queen area which is located in the northeast Keno Hill district, approximately 5 kilometers north of the Bellekeno Project area. Results from the only hole to reach target depth includes:
o DDH K07-0114 which cut an interval grading: 17.4 kilograms per tonne silver (507.0 ounces per ton), 0.201 grams per tonne gold, 6.37% lead and 1.36% zinc or 517.1 ounces per ton silver equivalent over 1.12 meters from 195.77 to 196.89 meters.
o Most notably, within the 1.12 meter galena and silver sulfosalt mineralized zone, a 0.52 meter zone (from 195.97 to 196.49 meters) of native silver dominated mineralization returned 35.6 kilograms per tonne silver (1,039.0 ounces per ton Ag), 6.95% Pb, and 0.58% Zn or 1,048.0 ounces per ton silver equivalent.

DDH K07-0114 was drilled 170 meters southwest of the 2006 diamond drill hole K06-018, which intersected an interval grading: 13.8 kg/tonne of silver (401.8 ounces per ton silver), 16.70% lead and 0.21% zinc or 421.0 opt silver equivalent over 0.30 meters from 160.30 to 160.60 meters. The 2006 intercept was within a broader zone of 3.6 meters (160.3 to 163.0 meters) of 45.2 oz/ton silver.[b]

http://www.alexcoresource.com/s/NewsReleases.asp?ReportID=268156&_Type=News-Releases&_Title=Alexco-Announces-High-Grade-Native-Silver-Intercept-from-Lucky-Queen-at-Ken...

Trading Symbol: TSX:AXR AMEX:AXU
Total Issued and Outstanding 34,267,989
Warrants 2,106,664
Stock Options 3,301,000
Fully Diluted 39,675,653
Major Shareholders
NovaGold Canada 19%
Asset Liability Management Group 6%
Management & Directors 10%

Recent price $5.50

I own shares of this stock and will benefit if you buy like crazy and drive the price up! [b]