QUEBEC — Stronger zinc prices have Breakwater Resources of Toronto making plans to reopen its Langlois zinc mine 213 km northeast of Val d’Or. The mine has been on care-and-maintenance since November 2008.
Breakwater will advance two ramps, one from the surface to the top of Zone 4, and the second will be an internal ramp to Zone 3. The company anticipates spending $4.6 million which will be provided by loans and a training and employment grand from a consortium of local, regional and provincial government agencies.
Tumbling zinc prices during 2008 significantly cut resource numbers at the Langlois mine. However, at the end of that year there remained 6.7 million tonnes of measured and indicated resources, including 5.1 million tonnes of proven and probable reserves. The resource tonnage grades 10.0% Zn, 0.7% Cu, 47.0 g/t Ag and 0.1 g/t Au. In 2008, before mining was suspended in November, the mine produced (in concentrates) 38,620 tonnes of zinc metal, 298,863 oz of silver and 1,994 tonnes of copper.
The company’s website is at www.Breakwater.ca.