AVC - Pier 12 Capital - The Legend of Hanuman

AVC – Pier 12 Capital


Re: QRL – Quintessential Resources

Has QRL not popped across anyones radar yet? They had a nice run from 15c to 35c (and back to 24.5c) in the last 2 weeks.

Some notable news that may be of interest.

MAL PROSPECT CORE ANALYSIS SHOWS VISIBLE COPPER AND MOLYBDENUM MINERALISATION IN PORPHYRY INTRUSIVE ROCKS.
http://www.asx.com.au/asxpdf/20120613/pdf/426sxcp9flk1cr.pdf

Copper and gold explorer Quintessential Resources Ltd (ASX:QRL) announces the completion of two diamond core drill holes testing the “Pipe” Chargeability Zone within the Mal Prospect to 732.9 metres.
Diamond core hole MLD 002 successfully demonstrated a zone of megascopic copper and molybdenum mineralisation within the Mal Prospect.
Initial assays from MLD 001 and visual geological analysis of MLD 002 successfully concluded that the “Pipe” Zone contains a major porphyry copper-molybdenum-gold mineralised sulphide system.

Assays Confirm Semben as an Excellent High Grade Gold Target
http://www.asx.com.au/asxpdf/20120517/pdf/4269rbd9q1bq62.pdf

Quintessential Resources has confirmed high-grade gold mineralisation in trenches at the Semben Prospect in Papua New Guinea
Quintessential’s trench results include:
3m grading 27.40 g/t gold + 29.0 g/t silver
18m grading 3.13 g/t gold + 14.2 g/t silver
1m grading 21.10 g/t gold + 28.3 g/t silver
5m grading 5.35 g/t gold + 23.7 g/t silver
8m grading 2.27 g/t gold + 15.5 g/t silver

TEKEM HIGH GRADE DRILL RESULTS CONTINUE
http://www.asx.com.au/asxpdf/20120419/pdf/425q34z8bx06g0.pdf

Copper and gold explorer Quintessential Resources Ltd (ASX:QRL) is pleased to announce that results from holes TKD 006 and 007 have continued to demonstrate the widespread nature of the gold mineralisation associated with intrusives at the Tekem Prospect, with higher grade gold intercepts to 9.46 g/t gold.

COMPLETION OF $3 MILLION CAPITAL RAISING

http://www.asx.com.au/asxpdf/20120416/pdf/425mclxnjxlp2q.pdf

The company has successfully completed a placement and fully underwritten share purchase plan raising a total of $3,000,000 through the issue of 12,000,000 shares at $0.25 per share.

Gold Assets Granted on Normanby Island, Milne Bay
http://www.asx.com.au/asxpdf/20120411/pdf/425kdng1yh53p0.pdf

Emerging copper and gold explorer Quintessential Resources Ltd (ASX:QRL) plans to target epithermal gold deposits in the Milne Bay region of Papua New Guinea in addition to its current drilling program at Bismarck in the Highlands.


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