Timmins & Beardmore - Northern Ontario

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Message: Brookbank at 500m...

Brookbank at 500m...

posted on Jan 19, 2010 09:30AM

Results from previous 2008 Ontex Brookbank drill program below... there is gold at Brookbank at 500m... 17g/t Au over 21m... SGX was supposedly drilling a few 500m holes at Paint Lake to follow-up on shallow strikes...

Is it at all possible SGX may actually release something similar re: Paint Lake?...

red911

ONTEX RESOURCES LIMITED ANNOUNCES PHASE 1 DRILL RESULTS AT 100% OWNED BROOKBANK GOLD PROPERTY

HIGHLIGHTS

Some of the highest gold values ever recorded on the property

- 17.4 Grams Per Tonne (0.51 oz/t) Over 21.0 Meters (68.9 feet) including 52.22 Grams Per Tonne (1.52 oz/t) Over 5.4 Meters (17.7 feet) including 123.77 Grams Per Tonne (3.61 oz/t) over 1.3 Meters (4.3 feet)
- 9.56 Grams Per Tonne (0.28 oz/t) Over 9.4 Meters (30.8 feet)
- Mineralization intersected up to 550 Meters depth
- Potential to increase resource to both east and west and at depth
- Exploration drilling remains on going

London, Ontario, July 23, 2008 - Ontex Resources Limited (TSX: ONT) is pleased to provide assay results from diamond drill holes in Phase 1 of the Company’s ongoing 8,000 meter program targeting its 100% owned Brookbank Gold Deposit. The Company is pleased to announce that assay results intersected in Phase 1 where some of the highest ever gold values over mineable widths recorded on the property. Gold intersections occurred at a vertical depth of up to 550 meters. Presently, drilling remains ongoing.

Drill hole #1 (B-08-01) from 453.9 m to 474.9 m of core length intersected 17.41 gms gold per tonne (0.51 oz/t) over 21.0 m (68.9 ft) including 52.2 g gold per tonne (1.52 oz/t) over 5.4 meters (17.7 ft) with an individual high assay of 123.8 g per tonne (3.61 oz/t) over 1.3 m (4.3 ft).

All 8 diamond drill holes from the Phase 1 program totaling 3,700 metres intersected significant mineralization in the main Brookbank Zone between 200 and 550 metres vertically....

contd.

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