Agnico finds gold at Lapa

Drilling by mid-tier gold producer Agnico-Eagle Mines (AGE-T) at the Lapa property of Breakwater Resources (BWR-T), 11 km east of Agnico’s LaRonde mine in northwestern Quebec, has intersected extensions to a gold zone Breakwater drilled in 1999.

Following an earlier round of three drill holes, Agnico drilled four holes that have now traced the property’s Contact zone over a strike length of 330 metres and a vertical extent of 500 metres.

All four holes intersected mineralized zones with some visible gold, ranging from 4.9 to 10.4 metres in core length, and 3.2 metres to 4.9 metres in true thickness. Uncut grades ran from 5.8 to 20.6 grams per tonne; cutting back to 34.3 grams per tonne (1 oz. per ton) brought the highest grade down to 12.3 grams per tonne.

Agnico-Eagle expects to have a resource estimate for the Lapa mineralization in its year-end results.