Challenger Exploration

Exploration Drilling Significantly Extends Mineralisation At Hualilan Opening Several New High-Grade Drill Targets

Challenger Exploration (ASX: CEL) (“CEL” or the “Company”)”) is pleased to announce results from the Company's flagship Hualilan Gold Project in San Juan, Argentina. The results are from a series of exploration drill holes designed to test new targets and geological concepts and extend mineralisation well beyond the existing boundaries.


Highlights

  • In conjunction with resource drilling, CEL has completed a series of exploration holes designed to test new concepts and extend mineralisation away from existing boundaries.
  • Several significant intersections have extended the existing mineralisation well beyond its current boundaries and opened new drill targets including (refer Table1):
    • 5.4m at 28.7 g/t AuEq2 - 28.6 g/t Au, 11.1 g/t Ag from 24.4m inc 2.4m at 60.2 g/t AuEq2 - 60.0 g/t Au, 20.4 g/t Ag from 26.0m within 67.6m at 2.6 g/t AuEq2 - 2.5 g/t Au, 2.6 g/t Ag from24.4m

Drillhole GNDD-434, the most westerly hole on the Sanchez Fault, drilled with the portable rig, was collared almost 100 metres above the plain up in the Hualilan Hills.

    • 97.8m at 2.2 g/t AuEq2 - 1.7 g/t Au, 11.9g/t Ag, 0.9% Zn from 313.5mincluding
    • 16.8 at 9.7g/t AuEq2 - 7.1 g/t Au, 50.7 g/t Ag, 4.4% Zn from 376.2m including 4.8m at 30.0 g/t AuEq2 - 21.6 g/t Au, 9.3 g/t Ag, 0.2% Zn from376.2

Drillhole GNDD-450 tested the prognosed position of the Verde Zone across the Magnata Fault approximately 400 metres south of the known Verde mineralisation.

    • 4.0mat5.8g/tAuEq2-3.7g/tAu,44.9g/tAg,3.7%Znfrom1009mtoendofholeincluding 3.0m at 7.7 g/t AuEq2 - 4.8 g/t Au, 58.9 g/t Ag, 4.9% Zn from 1010m to end ofhole

Drillhole GNDD-308e is the deepest hole drilled at the Hualilan Gold Project and ended in a new zone of high-grade mineralisation below 1000 metres down hole.

    • 5.0m at8.7g/t AuEq2 - 7.3 g/t Au, 29.4 g/t Ag, 2.4% Zn from 224.0m including 3.0m at 14.3 g/t AuEq2 - 12.0 g/t Au, 46.4 g/t Ag, 3.9% Zn from224.0m

Drillhole GNDD-394, a 400-metre step out north of the Sanchez Fault extended the strike extent of the high-grade mineralisation at the Hualilan Gold Project to 3.5 kilometres.

Commenting on the results, CEL Managing Director, Mr Kris Knauer, said:

“Beyond the areas where previous drilling has been focused, this series of exploration drill holes demonstratesthatHualilanhasalotmoretooffer.Thisfirstseriesofexplorationfocuseddrillholes has significantly extended the mineralisation in multiplelocations.

Intercepts such as 97.8m at 2.2 g/t and 3.0m at 14.3 g/t gold equivalent, both of which extend the mineralisation 400 metres, are outstanding. These results open several new areas that have considerable potential to add significant ounces to the Hualilan Gold Project."

Click here for the full ASX Release

This article includes content from Challenger Exploration, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

CEL:AU
The Conversation (0)
Advancing Multiple Gold Discoveries in Proven Jurisdictions

Advancing Multiple Gold Discoveries in Proven Jurisdictions

Focused on adding value through cost effective minerals exploration and discovery

This Presentation has been prepared as a summary only and does not contain all information about Many Peaks Minerals Limited’s (“MPK” or the “Company”) assets and liabilities, financial position and performance, profits and losses, prospects and rights and liabilities. The information in this Presentation and made to you verbally is subject to updating, completion, revision, further verification and amendment without notice.
Keep reading...Show less
Siren Gold

Significant Mineralisation Intersected at Auld Creek

Siren Gold Limited (ASX: SNG) (Siren or the Company) is pleased to provide an update on its Auld Creek Prospect.
Keep reading...Show less
Flynn Gold

Polymetallic Strike and Depth Potential Identified at Firetower Project

Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to provide an update on its exploration activities at its 100%-owned Firetower Project located in northwest Tasmania.

Keep reading...Show less
Acquisition of Advanced Gold Projects in Cote D’Ivoire

Acquisition of Advanced Gold Projects in Cote D’Ivoire

Many Peaks Minerals Limited (ASX:MPK) (Many Peaks or the Company) is pleased to announce entering a binding Share Sale Agreement (Agreement) with Turaco Gold Limited (Turaco) to acquire its 89% interest in CDI Holdings (Guernsey) Ltd (CDI Holdings). CDI Holdings is an 89% subsidiary of Turaco, held with Predictive Discovery Limited (Predictive), holding an 11% free carry ownership in a joint venture with Turaco. The Agreement will trigger Turaco’s drag-along right in its joint venture with Predictive, whereby Many Peaks will also acquire Predictive’s remaining 11% interest and consolidate 100% ownership of the joint venture entity CDI Holdings.

Keep reading...Show less
Mining cart full of gold.

Barrick to Look for More Gold and Copper Through DRC Partnership

Barrick Gold (TSX:ABX,NYSE:GOLD) is setting its sights on expanding its operations through a partnership with the Democratic Republic of Congo (DRC) that would open up new gold and copper opportunities for the company.

Kibali — the company’s joint venture with AngloGold Ashanti (NYSE:AU,JSE:ANG) — continues to set production records after another successful year, punctuated by the 343,000 ounces of gold it produced in 2023.

Barrick is forecasting higher attributable production from Kibali in 2024, setting a goal of 320,000 to 360,000 ounces.

Keep reading...Show less

AGNICO EAGLE PROVIDES NOTICE OF RELEASE OF FIRST QUARTER 2024 RESULTS, CONFERENCE CALL AND ANNUAL MEETING

Stock Symbol: AEM (NYSE and TSX)

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") today announced that it will release its first quarter 2024 results on Thursday, April 25, 2024 after normal trading hours. Additionally, the Company will host its Annual and Special Meeting of Shareholders (the "AGM") the following day, Friday, April 26, 2024 in a hybrid format (in Toronto and virtually).

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×