Los Cerros Limited announced the engagement of Quest Exploration Drilling, to undertake Los Cerros' first drilling at its recently acquired Kusi Copper/Gold Prospect, part of the 100% owned Ono Project, Papua New Guinea. This maiden program is planned to drill 3,000m, over 18 diamond holes. Site preparations have begun, targeting a March start date.

The Ono Project consists of 1,630km2 of granted, contiguous exploration licenses over an intrusive complex considered prospective for gold/copper in skarns and porphyry plus epithermal gold/silver mineralisation. Ono is situated 150km from the industrial port of Lae, where QED are based, and within the same structural belt as the Hidden Valley gold mine (an operating open pit gold and silver mine owned by Harmony Gold Mine) and the Wafi-Golpu copper/gold project. The primary focus of the drilling program is to further test gold/copper oxide skarn mineralisation within an upper limestone unit established from previous drilling, trenching and surface sampling, including assays1: 10.1m @ 2.39g/t Au from 0m in diamond drill hole KSDD003, 20m @ 2.89g/t Au from 107m in diamond drill hole KSDD004, 35m @ 3.04g/t Au from 136m in diamond drill hole KSDD007, 20m @ 3.84g/t Au in trench FPR TR 1, 71m @ 4.96g/t Au, 4.77g/t Ag & 0.37% Cu in trench KSTC45A, 8m @ 11.5g/t Au, 2.6% Cu and 24g/t Ag in trench FPR TR4, The above mentioned, trench FPR TR41 at Leah's Lode, delivered individual 2m samples within the trench of 27.74g/t Au with 3.6% Cu and 43.3g/t Au with 12.1% Cu.

A sample of outcrop located 2m SW of trench FPR TR4 reported 61.3g/t Au with 10.8% Cu1. Leah's Lode is a 2022 discovery and has never been drilled. The drilling program is part of a larger Kusi exploration program which includes additional trenching and mapping to define the extent of the mineralised skarn horizon which occurs within the upper limestone unit and which has a modelled total area of approximately 3km x 1.5km.