Feb. 24, 2009- News Release-High-Lights
posted on
Feb 24, 2009 07:44AM
In 2009 Ontex to focus on increasing Brookbank gold property Resources
1. Drill results in 2008 were exceptional. Higher gold values have never been encountered over such impressive widths in the entire history of drilling in the Beardmore-Geraldton area. This strongly emphasizes the potential for the Brookbank deposit to host extensive gold resources both along strike and at depth. The system remains wide open in all directions, demonstrating the enormous potential to locate additional gold with every future drill program.
2. Diamond drilling is expected to commence in March, and is targeted to continue expansion of resources within the seven-kilometre mineralization corridor centered on the Brookbank gold deposit.
3. The company also welcomes legendary explorationist, Kenneth Reading, to its field team. Mr. Reading has over 60 plus years of expertise in North and South American discoveries, and an impeccable reputation throughout the mining industry. After thoroughly investigating the company's Brookbank property, Mr. Reading said: "I believe that the Brookbank gold deposit holds the greatest known potential to become the next producer in the Beardmore-Geraldton greenstone belt. I am impressed by the evident dedication of these people and look forward to working with them in Ontex."
4. The Cambridge Show in Vancouver offered the company's technical staff the opportunity to provide an analysis on the Brookbank gold deposit to significant numbers of junior and senior mining company representatives, sector analysts and individuals.
5. A research report by another well known mining analyst is now being compiled for release in March, and the company anticipate similarly positive views.
6. A 43-101 report by Scott Wilson Roscoe Postle is being finalized and the resource estimation is expected to be announced in March.
7. Buoyed by increasingly high levels of confidence in its future, the staff of Ontex continues to increase corporate communications efforts to keep the company's existing shareholders well informed, and ensure the company's very positive story is more widely known in the market place.
8. The company looks forward to sharing more of the Ontex Brookbank success story at the PDAC as the company welcomes everyone to booth No. 3214 from March 1 to 4, for a personal overview of the company's continuing plans.