Ontex Resources (ONT Alberta) Message Board

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Gold/Mining/Energy : Ontex Resources (ONT Alberta)

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To: Gemini who wrote (330)	6/30/1999 11:32:00 AM
From: mark warburton	of 519

No, The depth is fine and the regularity of the find is very economical. In most gold deposits you have sheered veins that can run all over the place and you drill and drill looking for the veins and where they are going. In the contact fault at Brookbank and Cherbourg they know where the contact is so you just keep drilling through the contact to establish the thickness of the contact at that point. They can mine down to 8000 feet I believe is the deepest mine in the world so they are just scratching the surface at 500 feet. I believe as far as economics go the deposit grades about .22 on average and they estimated that it would ball park cost 100 an ounce to mine at that grade so even half that grade is still more then economical. Numbers like 3/4 ounce per ton are very good indeed. The .03 and .04 are not good at these depths but indicate that gold is present in wider bands and you may find the occasional bonanza type widths of 70-100 feet of high grade down the road. If you have any questions I will be at the meeting this afternoon and will be asking lots. post and i will try to get some answers.

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