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Alexco pops on mining license news

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(Kitco News) - The Yukon development company said the amended quartz mining license authorizes underground operations for its Bermingham, Flame & Moth, Bellekeno, Lucky Queen and Onek deposits as well as construction and management of mine waste rock and dry stack tailings facilities.

Alexco was up 6.25% to C$2.55.

The company is also in the final stages of its water use permitting (WUL).

"When issued, the WUL will incorporate the Bermingham deposit as well as renew current authorizations at all other deposits to obtain, use water and deposit treated water from the associated mine water treatment plants, and deposit tailings and waste rock into authorized facilities. The company expects to provide more guidance on the timing of the final WUL in the near future," said the company in a news release.

The company said it remains on track to restart operations in 2020, subject to a positive production decision.

Alexco also said it appointed Wayne Zigarlick as its VP operations. He has past experience at Echo Bay Mines, Kinross Gold and Coeur Mining.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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