Welcome To The Ontex Resources HUB On AGORACOM

Free
Message: Ontex 2009 Drill Program to Start Soon and --

Ontex 2009 Drill Program to Start Soon and --

posted on Apr 04, 2009 09:58AM

Drilling will continue aggressively throughout the year.

With drilling in the Beardmore/Geraldton gold camp proceeding at a frantic pace, Research Report coverage on the area, would be timely; Ontex would look impressive with its significant increase in gold inventory, 43 strategically designated drill targets, and an aggressive 2009 drill program.

Ontex’s updated independent Technical Report (NI 43-101) on the Brookbank Gold Deposit and property has increased the total gold mineral inventory by 23%, over the equivalent previous resource estimate to 853,700 ounces. A future 43-101 resource estimate is expected in January 2010.

Scott Wilson RPA has recommended 43 strategically designed holes be drilled on the Brookbank Property, to add gold resources to inventory, and to upgrade Inferred resources to the Indicated category.

The main Brookbank Gold Deposit model now has gold mineralization over a strike length of 800 meters and to a depth of over 800 meters. The system remains wide open in all directions, demonstrating enormous potential to locate additional gold.

Share
New Message
Please login to post a reply