Breakwater finds mineralization at El Mochito mine in Honduras

A drill program to expand reserves has encountered zinc-lead-silver mineralization at the El Mochito mine in Honduras.

Owner Breakwater Resources (TSE) has been drilling the east limb of a fold, to test the possibility that mineralization occurs as a “mirror image” of the orebody on the west limb.

Two intersections have been cut, one of 4.6 metres grading 3% zinc, 6% lead and 120 grams silver per tonne and another of 6.1 metres grading 5.3% zinc, 6% lead and 168 grams silver.

Breakwater has also reported mineralized drill intersections at its Armstrong property in New Brunswick. The project is 18 km east of the Caribou deposit, which Breakwater plans to reopen in late 1996. Some previous work has been done on the property, including exploration drilling in 1971 that intersected low-grade, base metal mineralization.

Two holes were drilled this year; one deeper than the 1971 hole; the other, 60 metres to the south. The deeper hole intersected 3.1 metres of mineralization grading 8.24% zinc, 3.29% lead and 125 grams silver per tonne. The other hole encountered an interval of low-grade zinc and lead mineralization.

Additional exploration is planned, including further drill testing at depth and ground investigation of anomalies. Geophysical maps, to be released next summer by the provincial government, will be used.