Breakwater and Virginia provide Coulon JV project update



    TORONTO, Oct. 10 /CNW/ - Breakwater Resources Ltd.
("Breakwater")(TSX-BWR) is pleased to provide, in conjunction with Virginia
Mines Inc. ("Virginia") the new results from the current exploration program
on the Coulon JV property (100% Virginia), located 15km north of the Fontanges
airport, Quebec Middle North. Breakwater has the option to acquire a 50%
interest in the property in exchange for payments totalling CA$180,000 and
CA $7.5 million in exploration work.
    The ongoing program consists of prospecting, geological mapping, diamond
drilling, and ground and borehole InfiniTEM surveys. The ten new holes
announced tested lenses 44 (4 holes), 08 (3 holes), 43 (1 hole), and the
recently discovered Spirit showing (2 holes).

    Lens 44 yields 6.95% Zn, 1.51% Cu and 34.28 g/t Ag / 26.8m and 4.34% Zn,
    ------------------------------------------------------------------------
    1.12% Cu and 33.79 g/t Ag / 30.85m
    ----------------------------------

    Four new holes tested lens 44, of which three were at vertical depths of
over 400m (longitudinal 44/08). Two of these holes intercepted semi-massive to
massive sulphides over very good widths. Hole CN-07-85 crosscut a large,
highly mineralized interval that yielded 6.95% Zn, 1.51% Cu and 34.28 g/t Ag
over 26.8m, including a very rich zone that returned 11.03% Zn, 1.18% Cu and
47.89 g/t Ag over 12.6m. The same hole also intersected two other mineralized
intervals that returned 3.76% Zn, 2.01% Cu and 43.41 g/t Ag over 4.55m as well
as 1.33% Zn, 0.90% Cu and 35.15 g/t Ag over 23.9m. These three mineralized
intersections are located at vertical depths of 425 to 470m. Located 50m
further north, hole CN-07-85B also intercepted a large, well mineralized zone
grading 4.34% Zn, 1.12% Cu and 33.79 g/t Ag over 30.85m, including a richer
section grading 7.77% Zn, 0.68% Cu and 18.11 g/t Ag over 11.55m. Further in
the hole, a second mineralized zone yielded 0.62% Zn, 1.14% Cu and
22.24 g/t Ag over 27.05m. The two mineralized intersections from hole 
CN-07-85B are situated at vertical depths of 410 to 440m under the surface.
Hole CN-07-89, located 75m south of hole CN-07-85, intercepted a semi-massive
sulphide zone grading 5.42% Zn, 1.93% Cu and 20.89g/t Ag over 3.6m at a
vertical depth of 500m. The presence of a 30m wide pegmatite intrusion
directly in the core of the alteration zone could explain the absence of
thicker mineralized intersections in hole CN-07-89. Finally, hole CN-07-91
intercepted a massive sulphide zone in metric width at the north border of
lens 44 to a vertical depth of 220m.
    The mineralized intersections of holes CN-07-85 and CN-07-85B are amongst
the best results obtained to date on the Coulon JV project and confirm the
emergence of a thick, high grade zone within lens 44. Lens 44 is north-south
oriented and is dipping vertically to steeply to the west. It is now confirmed
over a lateral distance of 275m and to a vertical depth of 500m. Lens 44
remains open at depth and is currently the object of additional drilling.

    Drilling Confirms The Vertical Continuity Of Lens 08
    ----------------------------------------------------

    Three new holes testing lens 08 confirmed the continuity of the
mineralization at vertical depths of 210 to 310m under the surface
(longitudinal 44/08). Hole CN-07-87 intercepted two semi-massive to massive
sulphide zones that graded 4.74% Zn, 1.26% Cu and 33.28 g/t Ag over 4.95m and
3.55% Zn, 0.59% Cu and 109.15 g/t Ag over 2.65m respectively. These two
mineralized intervals are located at vertical depths of 240m and 250m under
the surface. In the same section, hole CN-07-90 intercepted, at a vertical
depth of 310m, a massive sulphide zone grading 8.04% Zn, 0.66% Cu and
40.16 g/t Ag over 3.35m. Hole CN-07-88 intersected, 75m further north, two
thin massive sulphide zones: the first one grading 7.97% Zn, 2.76% Cu and
93 g/t Ag over 0.6m at a vertical depth of 210m and the second one grading
3.72% Zn, 0.12% Cu and 40.16 g/t Ag over 1.5m at a vertical depth of 270m
under the surface. This second intersection is crosscut by a large pegmatite
intrusion; therefore its original width is unknown.
    These new results from lens 08 are very encouraging since they link the
previous intersections obtained near the surface (holes CN-04-08, 12, 15 and
23) with those of holes CN-04-25 and CN-04-29, which are located at vertical
depths of 300 and 410m respectively. The mineralization shows a strong
polymetallic signature with frequent high values in zinc, silver and lead.
Lens 08 is developed at the same stratigraphic level as lens 44 but is located
300m further north. It is north-south oriented and has a variable, but
generally subvertical, dip. Lens 08 is now confirmed over a lateral distance
of 250m and to a vertical depth of 410m. Lens 08 remains open at depth and
will be the object of additional drilling.

    Spirit Showing - New Results
    ----------------------------

    The Spirit showing was tested at surface by channel sampling over a
lateral distance of approximately 40m. The polymetallic mineralization has an
average thickness of a few metres and returned good values in zinc, copper and
silver (Table 1). The mineralized zone remains open laterally under the
overburden cover.

    
    Table 1- Assay Results from channel samples - Spirit Showing
    -------------------------------------------------------------------------
    Rainure/                                                         Longueur
    Channel                                             Ag           /Length
    Sample       Zn (%)       Cu (%)       Pb (%)       (g/t)        (m)
    -------------------------------------------------------------------------
    R1           3.70         0.46         0.19         21.98        2.50
    -------------------------------------------------------------------------
    R2           3.91         0.82         0.43         34.68        3.35
    -------------------------------------------------------------------------
    R3           4.38         2.65         0.16         76.35        2.75
    -------------------------------------------------------------------------
    R4           12.17        0.33         0.90         36.66        1.60
    -------------------------------------------------------------------------
    R5           0.31         1.29         0.02         34.40        3.00
    -------------------------------------------------------------------------
    

    The vertical continuity of the Spirit showing was also confirmed by hole
CN-07-93A that intercepted a massive sulphide zone rich in sphalerite yielding
13.07% Zn, 0.14% Cu and 4.94 g/t Ag over 3m at a depth of 25m. Hole CN-07-93B,
which was drilled directly under this intersection, intercepted a pegmatite
intrusion in the projected extension of the mineralization. The Spirit showing
area is currently the object of additional drilling.

    Lens 43
    -------

    Only one hole was completed in lens 43. Hole CN-07-98 intercepted a
semi-massive to massive sulphide zone that yielded 2.08% Zn, 1.28% Cu and
13.53 g/t Ag over 3m. Including the underlying alteration and disseminated
sulphide zone, the intersection returned 0.63% Zn, 0.82% Cu and 12.15 g/t Ag
over 13.3m. This intersection confirms the continuity of the mineralization
90m vertically above hole CN-07-84 (longitudinal section 43). Furthermore, the
borehole InfiniTEM survey carried out in hole CN-07-86 detected the signature
of a significant conductor at the end of the hole, thus confirming that this
hole was stopped prematurely. This hole tested the southwest extension of lens
43 and will be deepened shortly.
    Lens 43 is NE-SW oriented and seems to present a variable dip towards the
northwest. The mineralization is confirmed over a lateral distance of 340m and
at a vertical depth of 380m. It remains open in all directions and additional
drilling is planned to pursue the evaluation of this very significant
mineralized lens.
    Recent drill results are very encouraging since, in all cases, they
prolong the extensions of the mineralized zones, particularly in the case of
lenses 44 and 08. The drill program will continue throughout the fall of 2007,
in conjunction with geological surface work.
    New drill results are reported in the annexed table.

    About Virginia
    --------------

    Virginia is among the most active mining exploration companies in Quebec.
Virginia trades on the Toronto Stock Exchange (TSX) under the ticker symbol
VGQ. Virginia concentrates its activities on its numerous properties that are
spread over the vast unexplored regions of northern Quebec.
    Work is carried out by the personnel of Virginia, under the supervision
of Mr. Paul Archer, geological engineer. Mr. Archer is a Qualified Person (as
defined by National Instrument 43-101) and has more than 25 years of
experience in exploration.

    About Breakwater
    ----------------

    Breakwater is a mining, exploration and development company which
produces and sells zinc, copper, lead and gold concentrates to customers
around the world. The Company's concentrate production is derived from the
Langlois and Myra Falls mines located in Canada, the Toqui mine located in
Chile and the Mochito mine located in Honduras.

    Certain information included in this press release, including any
information as to our future financial or operating performance and other
statements that express management's expectation or estimates of future
performance, constitute forward-looking statements. The words "expect",
"will", "intend", "estimate" and similar expressions identify forward-looking
statements. Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by management, are
inherently subject to significant business, economic and competitive
uncertainties and contingencies. The Company cautions the reader that such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or achievements
of Breakwater to be materially different from the Company's estimated future
results, performance or achievements expressed or implied by those
forward-looking statements and the forward-looking statements are not
guarantees of future performance. These risks, uncertainties and other factors
include, but are not limited to, risks associated with the mining industry
such as government regulation, environmental and reclamation risks, title
disputes or claims, success of mining activities, future commodity prices,
costs of production, possible variation in ore reserves, resources, grade or
recovery rates, failure of plant, equipment or processes to operate as
anticipated, accidents, labour disputes, the timing of estimated future
production, capital expenditures, financial market fluctuations, requirements
for additional capital, conclusions of economic evaluations, limitations on
insurance coverage, risks associated with using third-party contractors,
inflation as well as those factors discussed in the Company's most recent Form
40-F/Annual Information Form on file with the US Securities and Exchange
Commission and Canadian provincial securities regulatory authorities.
    The Company disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events or otherwise, except as required by applicable law.

    
    -------------------------------------------------------------------------
     Forage    Ligne                               Longueur             De
      Hole      Line    Station   Azimut    Dip     Length             From
    -------------------------------------------------------------------------
                         GRILLE PRINCIPALE/ MAIN GRID
    -------------------------------------------------------------------------
                               Lentille 44 Lens
    -------------------------------------------------------------------------
    CN-07-85B   13+25N    7+87E     N080      -60      564            478.15
    -------------------------------------------------------------------------
                                                               inc.   494.20
    -------------------------------------------------------------------------
                                                                      516.95
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CN-07-85    13+25N    7+87E     N090      -60      606            496.80
    -------------------------------------------------------------------------
                                                               inc.   510.00
    -------------------------------------------------------------------------
                                                                      539.45
    -------------------------------------------------------------------------
                                                                      551.00
    -------------------------------------------------------------------------
                                                               inc.   551.00
    -------------------------------------------------------------------------
                                                               inc.   565.75
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CN-07-89    12+50N    7+40E     N087      -59      738            629.55
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CN-07-91    14+50N    9+25E     N087      -54      546            293.10
    -------------------------------------------------------------------------

                               Lentille 08 Lens
    -------------------------------------------------------------------------
    CN-07-87    18+25N   11+62E     N269      -54      327            284.90
    -------------------------------------------------------------------------
                                                                      300.25
    -------------------------------------------------------------------------
                                                               inc.   302.25
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CN-07-88    19+00N   11+50E     N268      -55      342            237.40
    -------------------------------------------------------------------------
                                                                      302.70
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CN-07-90    18+25N   12+33E     N268      -55      423            376.10
    -------------------------------------------------------------------------

                               Lentille 43 Lens
    -------------------------------------------------------------------------
    CN-07-98     5+81N    2+83W     N127      -59      327            279.20
    -------------------------------------------------------------------------
                                                               inc.   279.20
    -------------------------------------------------------------------------

                       Indice Spirit/Spirit Showing
    -------------------------------------------------------------------------
    CN-07-93A   48+33N   58+22W     N270      -45       75             34.90
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CN-07-93B   48+33N   58+22W     N270      -70      126
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
                                  Epaisseur
                                   vraie
     Forage      A     Longueur     True     Cu     Zn     Pb     Ag    Au
      Hole       To     Length    Thickness   %      %      %     g/t   g/t
    -------------------------------------------------------------------------
                         GRILLE PRINCIPALE/ MAIN GRID
    -------------------------------------------------------------------------
                               Lentille 44 Lens
    -------------------------------------------------------------------------
    CN-07-85B   509.00     30.85     21.00   1.12   4.34   0.47  33.79  0.23
    -------------------------------------------------------------------------
                505.75     11.55      7.90   0.68   7.77   0.25  18.11  0.17
    -------------------------------------------------------------------------
                544.00     27.05     17.00   1.14   0.62   0.10  22.24  0.30
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CN-07-85    523.60     26.80     17.00   1.51   6.95   0.23  34.28  0.26
    -------------------------------------------------------------------------
                522.60     12.60      8.00   1.18  11.03   0.41  47.89  0.20
    -------------------------------------------------------------------------
                544.00      4.55      2.90   2.01   3.76   0.17  43.41  0.60
    -------------------------------------------------------------------------
                574.90     23.90     16.00   0.90   1.33   0.34  35.15  0.14
    -------------------------------------------------------------------------
                558.50      7.50      5.00   1.19   1.74   0.59  56.00  0.17
    -------------------------------------------------------------------------
                571.75      6.00      4.00   1.19   2.71   0.49  50.21  0.21
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CN-07-89    633.15      3.60      2.50   1.93   5.42   0.02  20.89  0.25
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CN-07-91    294.20      1.10      0.60   0.70   1.32   0.03  16.40  0.05
    -------------------------------------------------------------------------

                               Lentille 08 Lens
    -------------------------------------------------------------------------
    CN-07-87    289.85      4.95      3.80   1.26   4.74   0.73  33.28  0.32
    -------------------------------------------------------------------------
                302.90      2.65      2.03   0.59   3.55   2.09 109.15  0.11
    -------------------------------------------------------------------------
                302.90      0.65      0.50   0.24  13.15   0.97  69.60  0.01
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CN-07-88    238.00      0.60      0.40   2.76   7.97   0.21  93.00  0.64
    -------------------------------------------------------------------------
                304.20      1.50      1.00   0.12   3.72   0.02   4.50  0.03
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CN-07-90    379.45      3.35      2.80   0.66   8.04   1.22  40.16  0.11
    -------------------------------------------------------------------------

                               Lentille 43 Lens
    -------------------------------------------------------------------------
    CN-07-98    292.50     13.30      9.00   0.82   0.63   0.06  12.15  0.14
    -------------------------------------------------------------------------
                282.20      3.00      2.00   1.28   2.08   0.08  13.53  0.09
    -------------------------------------------------------------------------

                       Indice Spirit/Spirit Showing
    -------------------------------------------------------------------------
    CN-07-93A    37.90      3.00         -   0.14  13.07   0.00   4.94  0.00
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CN-07-93B                                            pegmatite
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    





For further information:

For further information: Torben Jensen, Vice President, Engineering,
(416) 363-4798 Ext. 232; Ann Wilkinson, Vice President, Investor Relations,
(416) 363-4798 Ext. 277

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