Announcement Date: 2021-11-22
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Challenger Exploration Ltd.
Project name: Hualilan
Location: Argentina
Commodities: Gold,Silver,Zinc
Highlight: Drilling results incl. 5.0m @ 17.3g/t Au, 30.1g/t Ag, 5.1% Zn from 15.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Challenger Exploration (ASX: CEL) (“CEL” the “Company”) is pleased to announce results from the Company’s flagship Hualilan Gold Project in San Juan, Argentina. The results are from GNDD-397, the first hole to be drilled up-dip into the Hualilan Hills using the recently arrived track mounted drill rig. The drilling in the Hualilan Hills follows the results of the first rock saw channel sampling to extend above ground level, which indicated the likelihood that strongest grades occur in the Hualilan Hills. This channel sampling program was designed to allow the inclusion of the component of the historical high-grade mineralisation, which is up-dip of the Company’s drilling, in a resource estimate that can be reported according to JORC. Results from this program at Cerro Norte, included 15.6 metres at 71.7 g/t AuEq (inc 4.0 metres at 203.8 g/t AuEq) from approximately 100 metres up-dip from ground level, with grades trending higher as sampling moved up-dip into the Hualilan Hills. As Photos 1 and 2 (previous page) show, GNDD-397 is the first in a series of additional holes in progress stepping progressively higher into the Hualilan Hills at Cerro Norte, along a recently completed access road. GNDD-397 was collared approximately 25 metres vertically above the plain, some 50 metres up-dip from previous CEL drilling.
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