a brief update

Fellow Quinnies,

A bit of a brief update for those interested...

**Tekem Gold Target**

9 Holes have been completed to date

Hole 10 is currently being drilled with the top of the hole been sent to the lab in the last few days. This should be released Mid to late June.

QRL are waiting for results on Holes 8 and 9 and should be released to market in the second week of June. Having intersected in what has been described as an epithermal vein, interesting to see what comes back from the lab...


***Mal Copper Prospect***

The top part of Hole 1 should be released in Approx 2 weeks. The Head driller was quoted as saying he had never drilled through rock like it. There were some issues with the drill rigs and the rock.. The drill rigs were modified after hole 1 so basically hole 1 was a bit of a test hole.

Hole 2 is currently drilling well and is past 500m, with the target of 600M +. The rig being used can drill up to 1300m so it will be interesting to see how far it goes..
350m + is where the good zone should start...

*** Sembem High Grade Gold Target ***

The drilling is expected to start in the next 4-6 months.
All indications\data collected to date point to very exciting targets imo.


From all reports everything is going to plan and everything is running the best it can.

With a current Market Cap of around $7.5 Million with $3 Million in cash it's own drill rigs, labour and equipement it's one of the best buys on the market imo.

If Qrl hits a decent target in the coming months then holders and especially those buying now should be well rewarded.