Drilling plans

RNS Number:0865R
Angus & Ross PLC
20 October 2003



               Angus & Ross outlines drilling plans in Queensland

Angus and Ross PLC is pleased to announce that it has commenced exploration on
two of the more advanced gold targets within its recently acquired portfolio of
seven licences in Queensland.

Rutherfords Table, in the highly prospective northern Drummond Basin region,
comprises two granted mining leases which are now held 100% by the company. The
Drummond Basin contains gold-bearing breccia systems including Pajingo and Vera
- Nancy, 90 kilometres to the northwest, Wirralie, 18 kilometres to the south
and Yandan, 40 kilometres to the southwest. These deposits, some of which are
being successfully mined, range from 0.5 to 4 million ounces of gold resources.

At Rutherford's Table, work is in progress to complete bulk-testing of a small
shallow alluvial deposit that, should the results prove satisfactory, will
rapidly be brought into production to produce a modest cash flow. This testing
will also expose bedrock which, on geological grounds, has potential for a
source gold-bearing breccia system; drilling of these targets is planned for
later in the year.

Top Camp comprises granted mining leases near Cloncurry in the Mt Isa Block, a
district renowned for world-class lead-zinc silver, copper and gold-copper
deposits such as Ernest Henry and Osborne. The leased area has produced 25,000
ounces of gold from previous alluvial production; the source of which was not
found by previous company explorers. Recent work has revealed coarse "nuggety"
gold derived from the untested Black Fort Fault Zone where shallow historic
workings, surface rock sampling grades exceeding 1 gram per tonne and a
consistent soil geochemical anomaly extend over a length of 1,500 metres. This
zone is within the catchment of the historic alluvial workings.

Preparations are underway for an initial drilling programme including 4
drillholes totaling 600 metres. Results of this drilling should be available in
November.





Contacts:

Robin Andrews                              Neil Boom
Angus & Ross plc                           Gresham P.R.

01751 430 988                              0207404 9307







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