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Challenger Exploration Ltd.
Summary
| Project: | El Guaybo | |
|---|---|---|
| Deposit: | Colorado V | |
| Location: | Ecuador | |
| Commodities: | Gold-Silver | |
| Date: | 7/6/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-7-2020: Challenger Exploration Ltd. announces an Exploration/Drilling Update report for its Colorado V deposit at the El Guaybo project. Drilling results incl. 146m @ 1.5g/t Au, 1.8g/t Ag from 211m. Challenger Exploration (ASX: CEL) (“CEL” or the “Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report] Stuart Munroe (Internal) | |
| ABSTRACT: | Challenger Exploration (ASX: CEL) (“CEL” or the “Company”) is pleased to announce the results received for a further three drill holes from the Colorado V concession in Ecuador. These three drill holes have each intersected over 100 metres of mineralisation, including 146m at 1.5 g/t gold, 1.8 g/t silver in hole ZK1-5. The results follow our discovery hole, ZK0-2, which intersected over 250 metres of mineralisation including 134m at 1.0 g/t gold and 4.1 g/t silver and reinforce the discovery of a significant large-scale gold system in the Colorado V concession in Ecuador. Highlights include: Drill Hole ZK1-5 - 146m at 1.5 g/t gold, 1.8 g/t silver, that contains a higher-grade core of 87m at 2.1 g/t gold, 1.9 g/t silver. Drill hole ZK1-5 is located 80 metres along strike from the ZK0-2 discovery hole which returned 151m at 0.9 g/t gold and 3.8 g/t silver and also contained a higher-grade core of 63m at 1.6 g/t gold and 5.1 g/t silver. Drill Hole ZK1-3 - intersected 225 metres of mineralisation comprising 58m at 0.5 g/t gold, 1.9 g/t silver from near surface (including 30m at 0.8 g/t gold, 3.1 g/t silver), plus a zone of 131m at 0.5 g/t gold, 3.1 g/t silver (including 78m at 0.7 g/t gold, 3.5 g/t silver). ZK1-3 Is located on the same section as ZK1-5 and is believed to have been drilled nearer the margins of the mineralised domain | |
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