Ontex Resources (ONT Alberta) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Biff who wrote (345)	7/15/1999 5:47:00 PM
From: mark warburton	Read Replies (1) of 519

Here is a link to a map covering the Devils Walk property recently acquired by Aavdex neighboring our Cherbourg property. web.licity.com The previous commnets by E Charters sum up what is expected from the Beardmore camp. Pretty consistent easy to find gold. Hence with each drill hole so far we have intersected gold. Varying thickness and grade but consistenly there. Rob makes a very valid point in expect a lot of the same type of results. The holes reported today give Brookbank a little magnitude in size. Instead of 1500 feet of strike we could be looking at 2500 feet of strike and still open in both directions. That is the longterm objective here is to link the finds into one large mega find. Be patient Hemlo did not devleop overnight and involves 3 different companies in 3 finds side by side. The goods are being delivered with each drill hole intercept. With gold in the dumps at the moment some analyst is going to have to be damned sure before he says buy any junior. Ontex needs to keep delivering for now and when one analyst jumps they will all follow not wanting to get left out. Bianchia reccomended Bre x at 2.50 it eventually went on to hundreds. Bre X was a scam from day one. When Barrick looked the property over they left it be. Barrick wanted Brookbank along with a pile of others. Hang tight as this thing is just beginning. We all want the share price up right away, in the long term though do you really want the share price up real quick so you can get out for a buck or two or will you continue to accumulate and watch this company develop to a producer. If this stock can develop a multimillion ounce deposit the share price will be higher no doubt about it. When you get another great release and the stock doesn't move you are buying even more reserves and potential for the same amount of money. Be patient this thing is a longer term hold. If Ontex is the next Hemlo type find it will take at least another year to outline the magnitude of the mineralization. Todays release was excellent. Reasonably shallow holes showing the continuity. With depth holes below those targets we will probably see the grade higher and the width thicker. As has been the case ton the rest of the properties. The spevial AGM Robin Goad took the floor after the amalgamaions were passed. His comments was that the fault itself makes it very easy to find the gold because you know exactly where to look. You don't have to trace veins all over the place you just drill the contact and record the grade. Should be heading east with the drills for the next series. towards m7 and irwin then out to Foxear. Before deals all went through I knew Brookbank held 330,000 ounces and Cherbourg was a positive development but no reserve. I am more confident now then then that Brookbank is much more then 330,000 ounces and that all the talk about Cherbourg is panning out. Deeper thicker closer to the contact. The market is not paying any attention at the moment but when you start step outs 300 metres away and 80 metres deeper on Brookbank and Cherbourg respectively those are very impressive numbers. As infill drilling delineates the deposit within these stepouts you will see the high grade pockets. On another point the Brookbank drill hole today reported the original hit and then three subsequent hits on the same hole at lower grades. Sounds like the hanging wall formation is still intact. I ain't no geologist but if the hanging wall is intact from the original brookbank fid even more reason to believe the entire strike length of 2500 feet is all one deposit. just a thought. Mark

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next