High Grade Silver Encountered at Flame and Moth

 Alexco Resources (NYSE Amex: AXU, TSX: AXR) provided an update on the construction of its Bellekeno mine and mill on July 6, 2010.  The inadvertent discovery of high-grades (samples of 1,428 g/t silver or 45.8 opt over 2.0 meters) at Flame and Moth uncovered during construction are an indication of the potential for locating mineralized material covered by thin layers of overburden and further positive exploration surprises at Keno Hill.  Other indicators of further mineralization have been encountered in post holes when hanging power lines.  Alexco has initiated surface drilling at Flame and Moth and has several surface and underground drills which may provide a pipeline of positive news releases over 2010.