Ontex Highlights / 3 Recent Drill News Releases
- NEWS RELEASE HIGHLIGHTS July 9, 2009
FIRST DRILL RESULTS FROM 2009 PROGRAM ON BROOKBANK AREA
ALL 10 HOLES COMPLETED INTERSECTED GOLD MINERALIZATION
The highlight of the diamond drilling was hole B-09-10 which averaged 21.1 grams gold per tonne over 10.6 meters of core within the main mineralized zone at a vertical depth of about 500 meters below surface. This composite intersection included 59.1 grams gold per tonne over 3.4 meters core width. This hole extended the Brookbank Zone gold mineralization 30 meters vertically below hole B-08-10 that was drilled in 2008 and which assayed 36.7 grams gold per tonne over 9.4 meters core length (see PR dated December 18, 2008). -----.
Holes B-09-05, B-09-05WD and B-09-07 targeted the Brookbank structure about 950 meters below the surface horizon. The holes sequentially targeted the Brookbank Zone from west to east and returned values of 1.32, 5.18 and 17.5 grams per tonne gold over narrow widths respectively. Values and widths increased trending eastward. Ontex has discovered silver veining in the deepest holes drilled to date. At about 650 meters down holes B-09-05 and B-09-05WD silver values were intersected of 10 grams over 1.5 meters and 23.2 grams over 1.1 meters respectively.
The wedge hole B-09-07WD, targeting an additional 50 meters to the west of B-09-07, intersected an approximately 15 meter thick sheared pyrite-rich section of the main Brookbank Zone. Assays for this core intercept are pending.
The Company has substantially ramped up exploration by mobilizing a second diamond drill. More geologists are being mobilized to the site. A geological team is actively reviewing old maps and reports and compiling the data to look for other potential exploration targets. ----.
A prospecting/geology, line cutting and soil geochemistry program is in progress within 2 kilometers to the east of the Brookbank Deposit to delineate a new drill target. ---.
2. NEWS RELEASE HIGHLIGHTS December 18, 2008
ONTEX ADDS MORE HIGH GRADE GOLD TO BROOKBANK
Hole B-08-10 assayed 36.67 grams gold per tonne over 9.4 m (30.8 ft) core length at 536.3 m (1759.5 ft)
Others:
85.9 gms Au/ 3.4 m (11.15 ft); ‐incl. 131.66 gms Au/ 1.5m (4.92 ft)
13.82 gms Au/5.3 m (17.4 ft); ‐incl. 30.01 gms Au/ 1.8m (5.91 ft)
Aggressive drill program for 2009
- NEWS RELEASE HIGHLIGHTS July 23, 2008
Some of the highest gold values ever recorded on the property
17.4 Grams Per Tonne (0.51 oz/t) Over 21.0 Meters (68.9 feet) including
52.22 Grams Per Tonne (1.52 oz/t) Over 5.4 Meters (17.7 feet) including
123.77 Grams Per Tonne (3.61 oz/t) over 1.3 Meters (4.3 feet)
9.56 Grams Per Tonne (0.28 oz/t) Over 9.4 Meters (30.8 feet)
Mineralization intersected up to 550 Meters depth
Potential to increase resource to both east and west and at depth
