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Challenger Exploration Ltd.
Summary
| Project: | Hualilan | |
|---|---|---|
| Deposit: | Hualilan | |
| Location: | Argentina | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 12/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-12-2019: Challenger Exploration Ltd. announces an Exploration/Drilling Update report for its Hualilan deposit at the Hualilan project. Drilling results incl. 10.3m @ 10.4g/t Au, 28g/t Ag, 4.6% Zn from 109.1m. Challenger Exploration (ASX: CEL) (“CEL” or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stuart Munroe (Internal) | |
| ABSTRACT: | Challenger Exploration (ASX: CEL) (“CEL” or the “Company”) is pleased to report drilling results from its Hualilan Gold Project in Argentina. The Company has received results from its next 3 drill holes all of which were located on the Cerro Sur section of the Hualilan Gold Project. CEL has the right to earn 75% of the Hualilan Gold Project, comprising 15 granted mining licences and an exploration licence application covering the surrounding 26sq kms. The initial 2,000 metre drilling program was previously designed to comprise of two 1,000 metre subcampaigns separated by 4-6 weeks. The first campaign was expanded to 10 holes for approximately 1,500 metres based on the encouraging mineralisation visible throughout the majority of holes. The Company now intends to extend the second half of the program similarly based on the results for these first 10 holes. Results from the next three drill holes of the program extended the existing mineralisation in multiple directions. Notably all three holes returned results better than the average historical drill intercept (3) of 2.6 m at 10.0 g/t gold, 36 g/t silver and 2.7% zinc (11.7 g/t Au Eq). | |
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