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Thursday, June 19, 2008

Resource stock updates

ASX resource company drilling updates -

AQD (AUSQUEST LIMITED) 2008-06-18:
Ausquest announced that drilling is continuing at the MN1 manganese prospect at Table Hill, ~200km east of Newman despite some delays arising from the current unseasonal wet weather in the East Pilbara region and drill-rig maintenance issues. The current focus of drilling is in the vicinity of the 2007 intersection in drill-hole THD01 (~3.9m @ 47.5% Mn). Hole THD06, has now been completed, with grades ranging from approx 1% to 34% Mn based on results obtained using a Niton portable XRF analyser. Further, the Company announced that drilling of the pre-collar at the Machattie Prospect at its Diamantina Project in Qld has been completed at 960m depth. It is anticipated that diamond drilling into the target will commence in early July.

KAS (KASBAH RESOURCES LIMITED) 2008-06-18:
Kasbah Resources announced the Phase 1 drill program at the Eastern area of the Achmmach Tin Project has now been completed. The Company announced Phase 1 tested 650m of a 2km long mineralised system, and drilling has discovered new shallow tin zones in the Eastern area. Significant intersections include: AD015 - 1.9m @ 3.1% Sn from 163.6m, 5.2m @ 2.0% Sn from 382.9m, and 3.8m @ 1.1% Sn from 392.8m; and AD016 - 1.9m @ 1.2% Sn from 121.7m, 1m @ 10.5% Sn from 129.8m incl. 0.3m @ 31.6% Sn from 130.2m, and 5.2m @ 1.0% Sn from 132.5m. Phase 2 drilling has commenced with the aim of the program being to expand the proven mineralisation beyond the existing underground workings in the Western area of the Achmmach tin project.

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