Kris Knauer, CEO and Managing Director, Challenger Exploration
Challenger Exploration (ASX:CEL) significant discovery with grade and scale
The Company’s projects include Hualilan, El Guayabo and Karoo Basin Gas.
The Hualilan Project is located approximately 120 kilometers north-northwest of San Juan, the capital of San Juan Province in north-western Argentina. It consists of 15 mining leases and an exploration license application covering the surrounding 26 square kilometers.
The El Guayabo project consists of nested late Oligocene to Early Miocene intrusions punctured and intruded by a number of breccia bodies and porphyries. The property is located within the El Oro Province of southern Ecuador, 35 kilometers south southeast of the Machala which lies on the Pan-American Highway and contains a water port.
The Karoo Basin Gas project, which extends across 600,000 square kilometers is located in central and southern South Africa and contains organic rich shales of Permian age with combined thickness up to 5,000 feet.
Next drill holes on CV-A and CV-B soil anomalies significantly expand the scale of mineralisation
MRE significantly expands mineralisation,particularly the high-grade core of 1.1 Moz at 5.6 g/t AuE
Challenger Exploration reports first drill results with 500 metre intercepts in first two drill hole
Challenger Exploration Ltd is pleased to invite shareholders and investors to an investor webinar
Next 6 holes all intercept over 300 metres of mineralisation
Ongoing drilling has materially extended the high-grade mineralisation in multiple zones
Recent four holes in El Guayabo all intersect Au-Cu-Ag-Mo with three holes intersecting over 300m
El Guayabo concession in Ecuador has intersected significant Au-Cu-Ag-Mo mineralisation over 784m
February 2022 Presentation with investment highlights, gold projects, recent developments and more
Completed a series of exploration holes designed to test new concepts and extend mineralisation
Several significant intercepts confirm Verde Zone at the Hualilan Project, is a discovery of scale
Encounter a significant zone of high-grade Au-Cu-Ag mineralisation intersecting 53.7m at 5.3g/t AuEq
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