| Announcement Date: | 2022-06-06 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Challenger Exploration Ltd. |
| Project name: | El Guaybo |
| Location: | Ecuador |
| Commodities: | Gold,Silver,Copper,Molybdenum |
| Highlight: | Drilling results incl. 528.7m @ 0.3g/t Au, 2.3g/t Ag, 0.09% Cu, 13.22ppm Mo from 4.5m |
| 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 drill holes GYDD-22-014 to GYDD-22-016 in the El Guayabo concession and CVDD-22-001 and CVDD-22- 002, the first two drillholes on the Colorado V concession in El Oro Province, Ecuador. The first two drill holes at Colorado V, where the Company is farming in to earn an initial 50% interest, have confirmed significant Au-Cu-Ag-Mo discoveries in the first two regional gold in soil anomalies to be drilled by the Company. The Colorado V concession adjoins CEL’s 100% owned El Guayabo concession to the south and the Cangrejos concession which hosts the 17 million ounce Cangrejos Gold Project1 , to the north. The new discoveries have significant scale with both Au-soil anomalies 1 kilometre long and 500 metres wide and lying within a structural corridor with over 3 kilometre strike distance. The next three drill holes in the 100% owned El Guayabo concession all recorded significant intercepts. Drill holes GYDD-22-015 |
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