A Big Surprise Tonight: BWR Suspends Honduras Mine

Friday Should be very interesting to say the least.
No Honduras is NOT the biggest most successful mine.
But we could have another rough day Friday.




Breakwater Temporarily Suspends Milling Operations at Its Mochito Mine (Honduras)

ccnm

TORONTO, ONTARIO--(Marketwire - Oct. 18, 2007) - Breakwater Resources Ltd. ("Breakwater") (TSX:BWR) announced today that it recently discovered discharge of water from the Soledad tailings impoundment area which has necessitated temporary suspension of milling operations at Mochito.

Preliminary investigation has now shown that the discharge is related to the separation of the geotextile liner from the concrete decant structure. While some portion of the contact between the liner and the concrete has been exposed, efforts are now underway to lower the level in the pond to expose the balance and properly ascertain the extent of the separation and the nature of the required repairs.


Based on monitoring conducted to date, there are no indications of any adverse impacts on receiving waters including Lake Yojoa. No structural damages have been located at Soledad and none is thought to exist.


Mining at Mochito continues and will continue as long as is practical.


Alternatives, including the possible re-commissioning of the retired tailings facility, are being explored in an effort to return Mochito to normal mining and milling operations as soon as possible.


Until the investigation has concluded and a recovery plan established, no reliable estimate of when milling will resume can be given.


The Company intends to provide periodic updates as additional information becomes available.