Ann: Drilling Update Peru Copper-Gold Projects-AQD.AX, page-11

My understanding is the first holes at the Puite and Colorada prospects. These are lower priority than Cardonal and Ventana. Drilling began at Cardonal in early July after the close of the quarterly and no results are reported. The project they're most excited about -- and the one where copper breccias were revealed from earlier roadworks -- is Ventana. Drilling hasn't commenced at Ventana and will be undertaken after Cardonal is completed. Ventana looks to be the best project and it certainly is large at surface.