Announcement Date: 2022-07-04
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. 564.1m @ 0.2g/t Au, 2.3g/t Ag, 0.1% Cu, 44.1ppm Mo from 8.1m
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 next three drill holes CVDD-22-003 to CVDD-22-005 in the Colorado V concession in El Oro Province, Ecuador , where the Company is farming in to earn an initial 50% interest. They follow CVDD-22-001 and CVDD-22-002, both of which intersected significant mineralisation, and confirm Au-Cu-Ag-Mo discoveries in the first two regional gold in soil anomalies in Colorado V to be drilled by the Company. Additionally, the results extend the mineralisation outside the boundary of the CV-A soil anomaly and confirm the CV-A mineralisation has a true width of at least 600 metres. The new discoveries have significant scale with both the CV-A and CV-B Au-soil anomalies 1 kilometre long and 500 metres wide. The Colorado V concession adjoins CEL’s 100% owned El Guayabo concession to the south and the Cangrejos concession to the north which hosts the 22- million ounce Cangrejos Gold Project
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