ONTEX RESOURCES LIMITED (ONT: TSX)

A Canadian natural resource company listed on the Toronto Stock Exchange, Ontex Resources Limited is involved in the exploration of mineral properties in Ontario and Quebec. In addition to its mineral properties, Ontex also has a 13.3% investment interest in Echo Energy Canada Inc., a gas exploration company located in Ontario. Ontex also owns 85.7% of its subsidiary Cherbourg Gold Inc.

FAST FACTS

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HIGHLIGHTS & COMMENTARY

HIGHLIGHTS

• Over 4.1 million ounces of gold produced out of the Beardmore-Geraldton and Tashota-Onaman greenstone belts since mid 1930’s.
• Brookbank Gold Deposit: 1.2 million tonnes Indicated & Inferred gold resource grading 10.4 g/t & containing 412,000 oz gold(4.5 g Au / t cut-off).
• One of the largest undeveloped resource properties in northern Ontario, if not in Canada.

OUR COMMENTARY

Ontex’s flagship project THE BROOKBANK GOLD DEPOSIT is situated in the heart of the prolific Beardmore-Geraldton Greenstone Belt in northern Ontario. The property has good potential to find additional gold resources along the 35 kilometers of strike length of favorable geology, alteration and structure. Ontex is focused on making this property into a gold producer. The property covers approximately 684 mining leases and staked claims and is located 175 km northeast of Thunder Bay, Ontario, Canada. The property has been under explored and the potential exists to find more significant mineralization that could be developed into a gold mine.

CONCLUSION

Ontex is an undervalued company with an under explored high potential Gold property.