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Gold/Mining/Energy : Ontex Resources (ONT Alberta) -- Ignore unavailable to you. Want to Upgrade?


To: Skipper who wrote (503)8/15/2001 10:21:53 PM
From: mark warburton  Respond to of 519
 
Great News,
Wow was not expecting a new resource calculation and was more then pleased with the results. A couple rocks short of 700,000 ounces. Excellent job by the crew up there in delivering results again.
Reading through the release there is a lot of stuff happening up there.
Notably a new discovery on the Fox Ear property which is traced for 1.2 kilometers and has surface grabs at 3 grams and 13 grams plus at less then 50 meters. That’s nearly half ounce per ton at 100 feet. Now I have watched the progress on this property for along time and the values that come back from the drilling have consistently shown better values at depth. Anyone who has followed the stock for any period of time should feel very comfortable in the consistency the property has displayed on all the targets to date. With 2 new shear zones running in close proximity to a sizable orebody I feel pretty good about our odds on this one becoming the fourth significant deposit on the property.

The company invested a lot of time and money in a series of airborne surveys a while back.
“ a detailed surface exploration program consisting of 200
kilometres of linecutting, ground geophysics (magnetic and
electromagnetic), and geological mapping is also underway in
selected parts of Irwin, Walters and Leduc Townships”
What I read is that the company is about to expand the scope of the entire project in a HUGE way.
After this initial round of exploration we should have a good grasp of the potential of the Geraldton Beardmore properties. If all goes well a number of pearls could be uncovered.
Time will tell.
Keep your eye on the US dollar folks. Rough times ahead?
Best of trading
Mark



To: Skipper who wrote (503)11/14/2001 10:49:20 PM
From: mark warburton  Read Replies (1) | Respond to of 519
 
Well it looks like it is starting to move a little. Short term double off the lows. Chart looks real positive now that it has broken out of the down trend. YFP acting very nice as well. Management continues to develop all the projects at hand.
Line cutting on the beardmore claims continues.
It is nice to see a little interest in the stock in the way of volume. Hopefully all subscribed for your flow through shares and are sitting in the black on them. Was only a matter of time before Ontex began to show its colours. I would think the future is looking rather golden.