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AGORACOM News Flash

AGORACOM Wire - Wednesday February 15th, 2012

Breaking News ....

Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

Top Sector Stories ....

Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More  |  Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

DONNER METALS INTERVIEW: David Patterson Discusses the Bracemac-McLeod Mine Development Beyond the Press Release

 AGORACOM Launches GraphiteStocksBlog.com

We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.

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Message: Ontex Announces 23% Increase in Brookbank Gold Resource

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Re: ONTEX 43-101 OUT!!!

in response to ONTEX 43-101 OUT!!! by richkat
posted on Mar 31, 09 10:37AM

These are the things that are very important to Ontex. This shows that the management has the know how to grow the company to the next level. With the coming explosion in the price of gold and the lack of phyisical gold on the market, this should be a winner!

Plowguy

1) The main Brookbank Gold Deposit model now has gold mineralization over a strike length of 800 meters and to a depth of over 800 meters. Scott Wilson RPA has recommended 43 strategically designed holes be drilled on the Brookbank Property to add gold resources to inventory and to upgrade Inferred resources to the Indicated category.

2)Ontex continues to have the largest gold resource in the Beardmore - Geraldton Gold Belt and with the new NI 43-101 we are well on our way to make 2009 the best year ever.

***3)Ontex Chairman and CEO Gary Conn said, "Gold discovery costs to Ontex to delineate the new NI 43-101 compliant Indicated and Inferred resource at a 3.4 g/t cut-off (uncut) are only just over $8 per ounce of gold for drilling. It is far more cost effective to find a gold mine by drilling on your own land than to go out and acquire a gold deposit providing you have the right property."

4)This is expected to be a very exciting year for growth in Ontex. We expect to significantly add to the gold ounces in the ground with our 2009 $2.3 million diamond drilling program. Our objective is to increase the mineral resources substantially this year. Ontex is actively in discussions with senior mining companies.

5)The Company has contracted Bradley Bros. Limited for the 2009 diamond drill contract. The Company's goal is to begin drilling as soon as mobilization is completed and to continue aggressively throughout the year. Such an "all-out" program will provide the basis for a future NI 43-101 resource estimate increases - anticipated for January 2010.

6)Ken Reading, a very well regarded explorationist, will be heading to the property to begin evaluations starting in May. Mr. Reading's primary objective will be to understand and help locate additional local structures which host the gold mineralization that have been co-active with the main conglomerate/volcanic gold-enriched contact at the Brookbank and Cherbourg properties. He will work closely with Ontex throughout 2009.

7)The Company welcomes everyone to the 2009 Northwestern Mines and Minerals Symposium in Thunder Bay on April 8th, where it will present a talk on the Brookbank Gold Camp.

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