Six drill results will be released shortly. Possibly, an additional 24 drill results will be released from August 2009 through the end of the year. A winter drill program is expected which will produce a continuous news flow.
“After the 2009 diamond drilling program results have been evaluated, Ontex should be in a position to commission a scoping study.” Source: Technical Report on the Brookbank Gold Deposit NI 43 -101, May 4, 2009 prepared by Scott Wilson RPA Associated Inc. (page 1-3) A scoping study is the first level of analysis performed by independent engineers, to determine the economic viability of a mineral deposit.
Brookbank is an impressive deposit and will attract the majors. Major gold miners are developing less gold than they have been producing. Ontex’s Brookbank property will be one of the hottest gold projects in Canada.