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Wednesday, 25th February 2009 (943 views)

Ontex Resources has announced that its plans for 2009 focus on increasing resources at its Brookbank gold deposit.

The Canadian company is planning to commence diamond drilling in March this year in order to continue the expansion of resources within a 7km mineralisation corridor on the gold deposit in northern Ontario.

It reported that 2008 drill results for the project had been "exceptional", with high gold values encountered over "impressive widths" and a drilling contrast for the property will be finalised this month.

Explorationist Kenneth Reading, who has joined the field team, stated: "I believe that the Brookbank gold deposit holds the greatest known potential to become the next producer in the Beardmore-Geraldton greenstone belt."

The Brookbank gold deposit covers a 35km strike length and has an indicated and inferred mineral resource of 2.6 million tonnes grading 7.4 g/t gold.

Based in London, Ontario, Ontex Resources is listed on the Toronto Stock Exchange and has been in operation since 1945 when it was incorporated as Bargold Mines.

 

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