NI 43-101 Compliant Technical Report
372,900 ounces Indicated & 321,800 ounces Inferred of Gold At A Cut Off Grade Of 2.0 G Gold Per Tonne
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Ontex Resources Limited > Message
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Re: Ontex up 28% on 1.6 Million Shares traded!!!!

Posted by: jordie on October 31, 2007 11:16AM

In response to: NEWS - Ontex Resources Cont... by AGORACOM

Wow this is huge news, I own stock in some of the other "area plays" I'm a big fan of beardmore and am quite familiar with the area.

I hadn't even heard of Ontex before, Great find!

The fact that they have a 43-101 is enormous.  It looks to me that the 629,900 Oz  is spit 50/50 inferred and indicated.  The good news is that Ontex has plenty of opportunity to further increase and reclassify the resource.

After doing some due diligence here, I'm quite confident that this is going to be an extremely predominant gold play.  

 

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