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Message: Ontex's New Pres/CEO J.Patrick Sheridan Jr.

Ontex's New Pres/CEO J.Patrick Sheridan Jr.

posted on Jun 07, 2009 11:10AM

Ontex’s New President/ C.E.O., J. Patrick Sheridan Jr. understands the mining industry, the capital markets, and how to hire the best geological and engineering teams.

Patrick has strong financial community relationships in Canada, U.S.A. and Europe. These established relationships enhance his ability to generate market support for Ontex.

He will initiate an increased drill program to hasten the expansion of the Ontex Brookbank Property Deposit, and concurrently outline new drill targets.

Shareholders may expect a series of news releases, published at regular intervals, as increased property activity occurs. The expanded geological team and drilling activity, including a winter drill program will expedite the requisites leading to an updated Technical Report on the Brookbank Gold Deposit, a preliminary assessment evaluation “PEA” and Definitive Feasibility Study.

Results of 6 drill holes should be released soon. On May 15, 2009 Ontex reported: “----. Six holes, including one wedge hole, have been completed ---the samples have been split and submitted to the laboratory for assaying. -- .” Drilling continues.

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