Energy, Mines and Resources

Minerals

Quartz Mining Land Use – Class 4 Approvals


Bellekeno

BellekenoGeneral Information

The Bellekeno property, is located 330 km north of Whitehorse and 50 km northeast of the Town of Mayo. Elsa Reclamation and Development Company Ltd., a unit of Alexco Resources, owns 100% of the large high grade Keno Hill Silver District north of Mayo.

A resource estimate of 16 million ounces of silver has been completed for Bellekeno with grades of 4.8% lead and 3.9% zinc.

Alexco completed a significant exploration program in 2007/2008 focused on defining NI 43-101 resources at Bellekeno and Onek, expanding mineralization at Lucky Queen and testing additional exploration targets throughout the district. Nearly 33,600 meters were drilled in 139 holes in the Keno Hill district in 2007/2008, primarily in the Bellekeno, Onek, Lucky Queen, Silver King and Husky/Husky SW zones. The company has also been doing extensive pre-development work such as adit rehabilitation and access improvements at the Bellekeno site.

Licenses, Authorizations or Approvals

The project is currently operating under the authority of a Class 4 Approval issued under the Quartz Mining Act  579 KB and Quartz Mining Land Use Regulation  519 KB effective until June 16, 2018.

The company has two active Water Licenses, a Type “B” for the activities associated with its Mining Land Use Approval, as well as a Type “A” for activities associated with its care and maintenance activities.


Carmacks Copper

Carmacks CopperGeneral Information

Carmacks Copper project, owned by Western Copper Corporation, is located 198 km north of Whitehorse. It is expected to be a low-cost producer of cathode copper which will employ solvent extraction and electro-winning techniques to recover oxide copper.

A recent feasibility study supports the development of the open-pit mine and indicated and inferred resources are approximately 10.6 million tonnes at a grade of 1.044 % copper, 0.483 grams per tonne gold and 4.62 grams per tonne silver, with a six year ore production life.

The company was issued a Quartz Mining License for the Carmacks Copper Project on April 15, 2009. This license permits Western Copper to build the Carmacks Copper Mine and establishes many of the terms and conditions under which the mine will operate.

Licenses, Authorizations or Approvals

The project is currently operating under the authority of a Class 4 Approval issued under the Quartz Mining Act  579 KB and Quartz Mining Land Use Regulation  519 KB effective until July 6, 2011.


Casino

CasinoGeneral Information

The Casino project, owned by Western Copper Corporation, is located 300 km northwest of Whitehorse.

In 2008, the company established a camp at the Casino site and undertook field work for baseline environmental data collection.

The Casino property is a porphyry copper-gold-molybdenum deposit that, if developed would be a conventional truck-shovel, open pit mine.

A pre-feasibility study was completed in July 2008 supporting the economic viability of the project. The independent pre-feasibility study estimates an initial capital cost of $2.1 billion. The project would produce 3.6 billion pounds of copper, 320 million pounds of molybdenum and 5.1 million ounces of gold over a 30 year mine life.

Licenses, Authorizations or Approvals

The project is currently operating under the authority of a Class 4 Approval issued under the Quartz Mining Act  579 KB and Quartz Mining Land Use Regulation  519 KB effective until October 9, 2013.


Ketza River

Ketza RiverGeneral Information

The Ketza property, owned by Yukon Nevada Gold, is located 300 km northwest of Whitehorse.

The Ketza property is a massive sulphide gold silver deposit. Its oxide ore deposit was previously mined from 1988 to 1990 producing 100,000 ounces of gold until the oxide resource was depleted.

The property consists of 242 quartz claims, another 66 claims have been converted to mining leases covering 854 hectares.

NI 43-101 resource estimates released on April 14, 2008, contain a measured and indicated resource of 646,600 ounces of gold at a grade of 4.93 g/t and an inferred resource of 112,800 ounces of gold grading at 3.26 g/t.

Licenses, Authorizations or Approvals

The project is currently operating under the authority of a Class 4 Approval issued under the Quartz Mining Act  579 KB and Quartz Mining Land Use Regulation  519 KB effective until June 14, 2014.

The company currently has a Type “B” Water License required for activities association with the care and maintenance of the property.


MacTung

General InformationMac Tung

The MacTung Tungsten project, owned by North American Tungsten Corporation Limited, is located 250km north east of Ross River. It is one of the world's largest known undeveloped high grade tungsten deposits. Total indicated resources for the mineral deposit are 33.0 million tonnes at a grade of 0.88% WO3 (tungsten trioxide) with an additional 11.8 million tonnes at a grade of 0.78% WO3 in the inferred resource category.

The project is based on an 11 year underground mine with the potential to expand the mine life by another 17 years with possible open pit development of the near surface.

The company is currently undergoing an assessment of their project proposal by the Executive Committee of the Yukon Environmental and Socio-economic Assessment Board.

Licenses, Authorizations or Approvals

The project is currently operating under the authority of a Class 4 Approval issued under the Quartz Mining Act  579 KB and Quartz Mining Land Use Regulation  519 KB effective until December 21, 2014.


Selwyn Project

Selwyn ProjectGeneral Information

The Selwyn Project, owned by Selwyn Resources, is located 360 km northeast of Whitehorse.

The property consists of 1,475 mineral claims in the Yukon and 2,162 hectares of Mining Lease lands in the Northwest Territories. These claims and mining leases provide Selwyn control over 66 kilometres of the favourable strata in this giant zinc-lead district.

A recent Mineral Resource Report indicated resources at 388 million tonnes at a grade of 5.35 % zinc and 1.86 % lead.

Licenses, Authorizations or Approvals

The project is currently operating under the authority of a Class 4 Approval issued under the Quartz Mining Act  579 KB and Quartz Mining Land Use Regulation  579 effective until April 5, 2019.