QGX Ltd fka QGX

[Frank Pembleton]

QGX Ltd.: Drilling Resumes At Golden Hills

Second Gossan Zone-"Southern Zone"-- Discovered

QGX Ltd. (TSX.V: QGX) has resumed drilling at the Central Valley Zone on its Golden Hills Prospect in Mongolia. The company is currently drilling the second hole of an approximately 2000 m program. Drilling in November 2002 and February 2003 outlined a zone of gold in oxide/gossan over a strike length of approximately 800 m. The gossan represents the remnant cap of an oxidized massive sulphide body. In most cases the zone was tested with one or two holes on section over the 800 m strike length. The new drill program is designed to test the on-strike extension of this zone, the up- and down-dip extent of the intersected gold-bearing gossan and new geophysical targets outlined by the recent electromagnetic survey.
http://biz.yahoo.com/ccn/030626/b91bf24d2fbc6fb58d323b4350cc1351_1.html