high grade gold & moly

15 Gold properties & 1 Molybdenum resource - Beardmore & Geraldton, N/W Ontario.

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Message: Expected Progression of Post Merger

Expected Progression of Post Merger

posted on Nov 26, 2009 12:19PM

· Expected Progression of Post Merger Ontex/ Roxmark: Increased Institutional financing, (i.e. mutual funds, gold funds, etc.) leading to production for the Beardmore gold camp, located in the Beardmore – Geraldton region of Northern Ontario;

· Increased exploration on the 3 past producing gold mines in the Beardmore area:

1. Leitch Mine: 100% interest in the property, highest grade operating gold mine in Canada (0.92 oz/t); The Mine operated continuously from 1937 to 1965, with a recovery of 0.92 oz. of gold per ton was shut down as a result of $35 gold and boundary disputes which have been eliminated through consolidation and acquisition of Sand River Mine. It never ran out of gold at depth and both ore grade and vein width increased with depth. Mining records of the time record several drill assays of more than two ounces per ton over 2 feet located 100 feet below the 30th level. The Mine was serviced by a three-compartment shaft to 3,006', with a winze from the 19th or 2,875' level to the 30th or 4,525' level.

2. Sand River Mine: 100% interest 37 contiguous mining leases covering 1,692 acres. The Sand River-Leitch discovery was made on the Sand River Mine in 1934 and the vein system was extended to the northeast onto the Leitch Mine in 1935. Servicing was by a three-compartment shaft to 2,656' depth; recovery grade 0.32 oz. of gold per ton.

3. Northern Empire Gold Mine: 100% interest, the property consists of 2,644 acres and includes an upgraded permitted mill complex, which currently has a capacity of 200 tons-per-day, with expansion ability to 1,000 TPD. The property, successfully operated with a recovery of 0.35 oz. gold per ton by Newmont Mines is serviced with a shaft to 2,460 feet and has been inactive since 1988.

The current plan is to develop the eastern strike length of the Northern Empire mine by a decline and mine the area to the second level. Preliminary study indicates that production can begin within six months of completing development work. This program will be followed up by dewatering the 2,460 feet shaft and installing a headframe, hoist and ancillary equipment on surface and underground.

· Opening a new mine in the Beardmore area: Subsequent to drilling and an updated 43 101, the plan is to have the Northern Empire mine site operating within 6 months of raising capital.

· Brookbank Gold Deposit: 100% interest; focused on gold resource expansion of the Beardmore area property hosting strike length of 35 Kilometers. Drilling has identified a structure of over 7 kilometers extending from surface to depth of at least 800 meters. Presently drilling and advancing the largest NI 43-101 resource estimate in the area; Indicated: 1.8 million tonnes grading 7.3 g/t gold containing 432,300 oz; Inferred: 2.7 million tonnes grading 4.9 g/t gold containing 421,400 oz. An updated NI 43 101 compliant technical report is expected early 2010.

· 30% carried ownership of the Hardrock Project: Drilling continues; Operated by Premier Gold Mines; a 43-101 report is anticipated before the end of 2009.

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