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Challenger Exploration Ltd.
Summary
| Project: | Hualilan | |
|---|---|---|
| Deposit: | Hualilan | |
| Location: | Argentina | |
| Commodities: | Gold-Silver | |
| Date: | 7/8/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-7-2020: Challenger Exploration Ltd. announces an Exploration/Drilling Update report for its Hualilan deposit at the Hualilan project. Drilling results incl. 50m @ 1.4g/t Au, 3.4g/t Ag, 0.01% Cu, 0.15% Pb, 0.17% Zn from 53m. Challenger Exploration (ASX: | |
| Resources: | (see full report tab) | |
| CP/QP: | [Overall Report] Stuart Munroe (Internal) | |
| ABSTRACT: | Challenger Exploration (ASX: CEL) (“CEL” or the “Company”) is pleased to announce the discovery of a new style of Intrusion-hosted gold mineralisation contiguous to the Company's Hualilan Gold Project, located in San Juan Province Argentina. Drill hole GNDD-025 intersected 50m at 1.4 g/t gold, 3.4 g/t silver, 0.15 % lead and 0.17 % zinc from 53 metres, under cover in dacite porphyry containing weak iron oxide, silica, and pyrite alteration. The intercept remains open at depth, with the hole intersecting 93 metres of, and ending in, altered porphyry dacite. Assays are pending for the lower 38 metres from 103 metres to 141 metres, and end of hole. The hole is located in the Gap Zone between Cerro Norte and Cerro Sur, 300 metres along strike from any prior CEL drilling. It was drilled as a wildcat test of this largely unexplored 1 kilometre of strike, between the historical mineralisation in Cerro Sur and Cerro Norte, and to follow up on a vertical drill hole, completed in 1984, which was only partially sampled but returned 18.7m at 0.72 g/t gold and 1.5 g/t silver in dacite (0.2 g/t Au cut-off). | |
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