NORTHERN QUEBEC - Toronto-based BREAKWATER RESOURCES has issued 10 million flow-through shares to raise Cdn$6.0 million for exploration on its Bouchard-Hebert and Langlois properties. Both are former zinc and copper producers.
About $2.9 million is set aside for work around the Bouchard-Hebert mine. Ground and airborne geophysics, diamond drilling and downhole surveys are planned. The remaining $3.1 million is budgeted for similar work at a number of surface targets outside Breakwater's Langlois mining lease, where the company is reopening the mine. (See CMJ's Net News Nov. 9, 2005.)
The company's most recent corporate presentation is available at www.Breakwater.ca.