Los Cerros Limited announced that it has commissioned its next drilling campaign on schedule with an anticipated start date of last week of July. The 2,500m diamond drilling program will commence at the Tesorito porphyry before moving to targets at Chuscal and Miraflores, all located within the Company's Quinchia Gold Project in Colombia. All seven (7) previous holes drilled to date have successfully intersected porphyry-style gold mineralisation, including impressive intercepts, such as: 384m @ 1.01g/t from 16m incl 29.3m @ 1.9g/t Au from 136.75m in TS-DH-021; and 253.1m @ 1.01g/t Au from 2.9m incl 64m @ 1.67g/t Au from 144m in TS-DH-071. All drill holes tested the southern high grade 250m x 250m region of an 800m long x 350m wide NNE trending gold-molybdenum soil anomaly. Recent infill soil sampling reveals the anomaly comprises two separate higher grade regions, with the northern region untested by drilling. Both higher grade centres are broadly similar in size, with each corresponding to a magnetic high, overprinting E-W trending epithermal veining and porphyry style alteration. The northern centre is poorly exposed but higher in gold and molybdenum values than the southern centre. The drill program will commence with testing the continuity of wide higher grade intersections (eg. 64m @ 1.67g/t Au and 29m @ 1.9g/t Au in holes TS-DH-02 and TS-DH-07 referenced above), and it is planned to then test the newly defined northern gold-molybdenum soil geochemistry anomaly. Los Cerros advises that the Company's new C5C diamond drill rig and ancillary equipment is expected to arrive in Colombia around early October. The assets have been purchased under the $2M Los Cerros /Hongkong Ausino (Ausino) Strategic Partnership Agreement (SPA) 2. Chuscal and Tesorito prospects are part of the larger Quinchia Gold Project which also comprises Miraflores, Dosquebradas and other established targets and untested areas of interest within the 7,500ha parcel. The Miraflores Gold Deposit has an existing Resource of 877,000 Au ounces at 2.80g/t Au and Reserve of 457,000 Au ounces at 3.29g/t Au3. The Dosquebradas Deposit has an Inferred Resource of 459,000 Au ounces grading 0.71g/t Au 4. With further exploration success elsewhere within the Quinchia Gold Project, leveraging existing mine planning, plant design and approval status of Miraflores (Mining Authority approval of PTO (construction and operation plan)), the ability to fast track towards gold production becomes a compelling opportunity.