Announcement Date: 2023-02-07
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. 42m at 5.3g/t Au, 5.9g/t Ag, 1.0% Zn from 270.6m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Challenger Exploration (ASX: CEL) (“CEL” the “Company”) is pleased to announce outstanding results from the ongoing drill program at the Hualilan Gold Project, located in San Juan Argentina, with extension and infill holes from the Verde Zone reported in this announcement. The highlight from this program was the intersection of 42.0m at 5.9 g/t AuEq in drill hole GNDD-711 which is an extension of the high-grade mineralisation north of the Verde Zone. The drilling continues to show the presence of coherent shoots of significantly higher-grade mineralisation at depth which remain open in several locations. All results were received after the completion of the Company’s maiden Hualilan Gold Project (“MRE”). The current MRE, which includes a high-grade core of 1.1 Moz at 5.6 g/t AuEq1 , was based on 125,700 metres drilling and will be updated in coming weeks. The Company is midway through an additional 50,000 metres of drilling which will take total CEL drill metres at Hualilan to 250,000 metres
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