UPDATE: Alexco Edges Higher As Finds Multiple Zones of Silver Mineralization at Bermingham

Canadian silver producer Alexo Resource Corp. (AXR.TO) started lower today at $6.85 but has moved up nearly 1% to $7.07 shortly after open, exceeding yesterday's $7.01 close, as it announce the interim results from its 2011 drilling program at the Bermingham property.

The company said previously discovered zones of silver mineralization at Bermingham have been confirmed and expanded, with intercepts ranging up to 22.2 meters true width within a complex structural zone.

Alexco President and CEO Clynt Nauman noted, "...we certainly understand the positive implications of this important discovery, which will clearly require continuation of dedicated and focused drilling efforts in 2012."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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