Silicon Investor (SI) -- The First Internet Community

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) -- Ignore unavailable to you. Want to Upgrade?

To: wharryr who wrote (417)	10/5/1999 9:39:00 AM
From: mark warburton	Respond to of 519

Just a little longer... No downside this thing will explode to the upside. Gold trading up in the 325-335 range today so you have a 75 dollar gain in gold US or 110 dollar gain canadian. Take that on the inferred resource alone and Ontex has an asset gain of nearly 40 million. Thats more then the Market Cap of the stock. Never mind the cash,Pifher, Metalore shares investments or the increased reserve or allowing a penny for future finds or the expanded reserve on current drilling. Downside is miniscule upside is explosive. Keep in mind in any major move in the price of gold you have a pattern. Money first into the majors ie Placer Barrick Newmont Ashanti etc. Secondary teir stocks also rise and will outperform the majors over the test of time. Should the price maintain at higher levels for an extended period of time then the juniors come into play and that is the most explosive arena of them all. The majors may rally 100 percent the secondary tier stock 200 or more and the juniors can explode into 500% plus returns in very little time. RRSP season is also approaching and should the metals continue to act well you will have analysts recommending gold in their rrsp's. Hence you want some coverage on Ontex and get it into some funds portfolios. I think you will see that very shortly as Ontex is about to gain a little presence. May I sauggest if you were looking to accumulate any further purchases in Ontex you accomplish that in short order. Just my opinion but I think you will thank me later. Mark Best of trading everyone.

To: wharryr who wrote (417)	10/8/1999 4:41:00 PM
From: mark warburton	Respond to of 519

News Release Wedge and second hole drilled to measure the dip. News Release Disclaimer Ontex Announces Cherbourg Drill Results Friday, October 8, 1999, 3:39 PM EDT Toronto, Ontario Issued Capital: 39,036,506 Common Shares Ontex Resources Limited announces additional results of drilling on the 29,000 acre Beardmore-Geraldton property, located 180 km northeast of Thunder Bay, Ontario. Four holes were recently completed on the Cherbourg property, the results of which are presented in the appended table. Ontex can earn a 60% interest in the Cherbourg leased claims from Metalore Resources Limited and also owns a 10% net profits royalty interest through its 85.7% controlled Cherbourg Gold Inc. subsidiary. Cherbourg adjoins the west side of the Company's 100% owned Brookbank gold deposit. Ontex drilled a wedge and extended hole C-99-03 to follow-up the previously reported intersection of 44.62 feet, averaging 0.121 ounces of gold per ton, including 6.89 feet, grading 0.326 ounces per ton and 6.56 feet, grading 0.356 ounces per ton. The wedge intersected 7.42 feet, grading 0.102 ounces of gold per ton, including 2.13 feet, grading 0.177 ounces per ton. Hole C-99-01 was also extended to establish the dip of the volcanic-sedimentary contact past the Cherbourg Zone. Hole B-99-11 intersected 6.56 feet, averaging 0.093 ounces of gold per ton, including 3.28 feet, grading 0.119 ounces per ton in the east strike extension of the Cherbourg Zone. Drilling is continuing on the Beardmore-Geraldton property and results will be disclosed as they become available. Ontex Resources Limited [signed] Robin Goad, President. Further information can be obtained from Ontex Resources Limited in London (contact Robin Goad or Gary Conn at: Tel. (519) 858-8188); and in Toronto (contact Sam Fuda at: Tel. (416) 360-4031); by Email. info@ontexresources.com; or visit our website at www.ontexresources.com. Neither the Alberta Stock Exchange nor any securities Regulatory Authority has approved or disapproved of the contents of this news release. ONTEX DRILL HOLE INTERSECTIONS Cherbourg Zone -------------- Hole # B-99-11 Line 36 west, 52 feet south, Azimuth 344 degrees, Dip -62 degrees From to core true Gold core true Gold width width gms/ width width ozs/ (m) (m) tonne (ft) (ft) ton --------------------------------------------------------------- 45.04 47.04 2.00 1.24 3.22 6.56 4.06 0.093 Including 45.04 46.04 1.00 0.62 4.11 3.28 2.03 0.119 229.70 230.70 1.00 0.62 3.41 3.28 2.03 0.099 ---------------------------------------------------------------- Hole # C-99-01 Extension Line 27 west, 1.5 south, Azimuth 349 degrees, Dip -55 degrees --------------------------------------------------------------- 378.94 379.84 0.90 - 1.175 2.66 - 0.034 --------------------------------------------------------------- Hole # C-99-03 Extension Line 27 west, 269 south, Azimuth 348 degrees, Dip -61 degrees No significant values. Hole # C-99-03 Wedge Line 27 west, 269 feet south, Azimuth 347.5 degrees, Dip -58.75 degrees --------------------------------------------------------------- - - 298.05 300.31 2.26 - 3.50 7.42 - 0.102 Including 298.05 298.70 0.65 - 6.10 2.13 - 0.177 325.18 326.99 1.81 - 1.584 5.94 - 0.046 --------------------------------------------------------------- ONTEX RESOURCES LIMITED (Mining) ontexresources.com ASE: ONT 0.75 0.01 Add this organization to my portfolio -------------------------------------------------------------------------------- © 1999 BCE Emergis