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Challenger Exploration Ltd.

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Summary

Project:

Hualilan

Deposit:Hualilan
Location:Argentina
Commodities:Lead-Zinc-Gold-Silver
Date:6/17/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:17-6-2020: Challenger Exploration Ltd. announces an Exploration/Drilling Update report for its Hualilan deposit at the Hualilan project. Drilling results incl. 8.25m @ 17.7g/t Au, 257g/t Ag 0.3% Zn, 0.7% Pb from 71.3m. Challenger Exploration (ASX: CEL) (“
Resources:x
CP/QP:[Overall Report] Stuart Munroe (Internal)
ABSTRACT:Challenger Exploration (ASX: CEL) (“CEL” or the “Company”) is pleased to report drilling results for the first eight holes in its 7500-metre (approximately 85 hole) second drilling program at the Hualilan Gold Project in Argentina. Complete results are shown in Table 1 below. The Company has received results for drill holes GNDD-011-016 and GNDD-018 and GNDD-020 all of which are located at Cerro Sur, the southern portion of the project. All holes intersected mineralisation and the results confirm that mineralisation at Cerro Sur remains open in all directions. The second drilling program is progressing well with 35 drill holes (for 4400 metres) completed to date (Table 2) including 4 drill holes to collect samples for metallurgical testing. Drilling progress at Hualilan is currently unaffected by COVID-19. Assays for the additional 27 holes drilled to date are progressing through ALS at varying stages of completion and will be reported in due course

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