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▶ CEX Website: cex.io
Challenger Exploration’s (ASX: CEL) flagship Hualilan Gold Project has a resource of 627,000 Oz gold at 13.7 g/t which is open in all directions. Recent drilling has demonstrated this high-grade skarn mineralisation is underlain by a significant intrusion-hosted gold system with intercepts including 116m at 1.0 g/t gold. The project was locked up in a dispute for the past 15 years and as a consequence had seen no modern exploration until CEL acquired the project last year. Results from our first drilling program included 6.1m @ 34.6 g/t Au, 21.9 g/t Ag, 2.9% Zn and 6.7m @ 14.3 g/t Au, 140 g/t Ag, 7.3% Zn. This drilling has intersected high-grade gold over 2 kilometers of strike and extended the known mineralisation along strike and at depth in multiple locations. CEL has started a 45,000 metre multiple rig program and our 2020 program also includes metallurgical test work of key ore types.
Our El Guayabo Project covers 35 sqkms in southern Ecuador and was last drilled by Newmont Mining in 1995 and 1997. Our first results confirm the discovery of large-scale gold system with drill hole ZK-02 returning 134m at 1.0 g/t gold and 4.1 g/t silver.
Website: www.challengerex.com
Primary ticker: ASX:CEL
Stage of development: Exploration
Commodity: Gold
Project to promote: Hualilan Gold Project
Project location: Argentina
▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
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