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Gold/Mining/Energy : 1999 DRILL PROGRAMS !
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To: Bearcatbob who wrote (1)1/2/1999 10:19:00 PM
From: keith massey  Read Replies (1) of 66
 
Can anyone comment on this upcoming drill program??

OXR has 19 million shares out and $3.2 million (.17/share) in cash with no debt. Insiders, Terrex Resources and Oribi Resources own around 8 million shares. I own some at 0.12 from last week and was hoping there was something behind this upcoming drill program that could cause a little hype. They used to be an Indo. gold stock but the management has recently voted to change the company's direction.

Omax Resources Ltd OXR
Shares issued 12,151,877 1998-11-03 close $0.14
Tuesday Nov 3 1998

Mr. Hal Hemmerich reports
Omax Resources has entered into a letter of intent with Daybreak Energy Corp. to form a joint venture in which Omax will have an undivided 10 per cent interest with respect to the Huron project. The Huron project consists of land agreements covering approximately 93,000 acres in Lambton, Middlesex and Huron counties in southwestern Ontario. The parties will be targeting natural gas structures contained within Silurian Pinnacle Reef systems.

Daybreak has recently completed a 3D seismic program over more than 20,000 acres of the Huron project. As a result, the parties expect to commence drilling operations on several targets beginning in first quarter 1999.

Best Regards
KEITH
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