QUEBEC – BREAKWATER RESOURCES of Toronto announced this week that using a revised mining plan it will redevelop its Langlois mine near Clericy. The infrastructure is in place, the shaft has been upgraded, new ore passes have been cut, and extensive development work is complete. The property can be back in commercial production by mid-2007. Mining was suspended in November 2000 due to low metal prices and problems with the main ore pass.
Current proven and probable mineral reserves at Langlois total 3.2 million tonnes grading 10.8% Zn, 0.82% Cu and 52 g/t Ag. Assuming an estimated average annual production of 54,000 tonnes of zinc contained in 98,000 tonnes of concentrate, Langlois has a seven-year mine life. Measured and indicated mineral resources, which include proven and probable mineral reserves, total 5.0 million tonnes grading 11.2% Zn, 0.79% Cu and 54 g/t Ag.
The deposit has significant opportunities for increased reserves, especially in zone 97 which remains open at depth and to the east. Additionally, Breakwater (www.Breakwater.ca) intends to commence an extensive surface exploration program around the Langlois mine.