Ontex Resources (ONT Alberta) Message Board

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

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To: wharryr who wrote (347)	7/15/1999 5:19:00 PM
From: mark warburton	of 519

Seems like the mining community does have an eye on what will be going on in Beardmore this year. To: Fass99 (4 ) From: E. Charters Sunday, Jul 11 1999 1:36AM ET Reply # of 12 They did acquire a bunch of land west of the Ontex thing on the Paint Lake fault. I had staked that land for Goldhunter and Karl forbes in about 1986. Theory is that it extends the Brookbank zone and goes north of the Buffaloe Beardmore and the more north western showings and old workings of the 1930's. It is covered largely by diabase but there are holes in the cover and I did see some greentone when staking on the hillsides. Further west the trend connects up with the gold showings on the Islands. This greenstone belt continues across the lake and is picked up on the Garden Lake side where there are some showings and near the hydro dam where some gold was gound in the 50's, so its quite fertile and extensive. While the break could be productive near the east side of the lake, it is not doubt difficult to explore. Geophysics and the odd wildcat hole might do something. I always liked Beardmore as one could always sample and find gold in likely looking breaks. While VG was rare, it was quite common to find quarter and half ounce grabs. Gold could be panned ubiquitously in rusty shears. This prevalence is in stark contrast to areas like Timmins where gold is rarely found on the surface at all, which for the area's production you would think is a conundrum. Beardmore was Canada's 5th largest producing gold camp and mines ran there until 1972 with one, the Leitch producing 1 million ounce until 1968 and the Mcleod-Mosher being Lac Minerals flagship operation until 1972. Gold grades were high throughout the camp, the richest being the Leitch a ta steady one ounce per ton and several including the Empire and the Magnet being over .35 ounces per ton. Mining was actually cheap as the ore was very consistent in large blocks, either planar or saddle reef. As you get towards Beardmore itself the planar-sheet consistency of the ore is very good laterally and down dip. Some day the area will produce again. I was interested in obtaining the financing for a group there who can make money but times are too tough in general to talk business with people in mining right now. It's too bad because in this business its definitely premature to judge every operation by the gold price today. mailto:echarter@grubstake.on.ca

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