Ann: New Phase Drilling at Blue Billy Zinc Joint Venture Project, page-2

The drill program is expected to take several weeks to complete with assays availableapproximately four weeks after completion of the program. 

AusQuest Managing Director Graeme Drew said the new phase of in-fill drilling at the BlueBilly project was an important step towards understanding the potential of this untested regionto host a significant sediment-hosted zinc deposit similar to those found in north-westQueensland.“This will be the first of several drilling programs that we are planning to complete inWestern Australia as part of the Strategic Alliance before the end of the year,” he said. “Thisshould generate steady news-flow for our shareholders in the weeks and months ahead.”Graeme DrewManaging Director