A "A" list of JR gold mining companies Message Board

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Gold/Mining/Energy : A "A" list of JR gold mining companies

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To: rainman who wrote (109)	10/6/1998 9:00:00 AM
From: mark warburton	of 169

Ontex Resources Alberta ONT Joint ventured with Metalore back in the early 80's and found 322,000 ounces after a subsequent joint venture with Placer Dome. Legal ramblings for the past 10-15 years. Ontex was awarded control o of the mine and 1.2 million. Lawsuits and appeals are all settled. Find open at depth and strike 322,000 ounces at .223 ounces per ton. Rumour has it deal is imminent MET breaking up ONT breaking up Tvx and Placer are the rumour. Drilling was stopped originally by court hearings. Look for an announcement in the next 2 weeks, with Ontex being the holding company and the major injecting a lot of drilling capital. Northern Ontario property with an estimated mining cost of 150 per ounce. Mark

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