Challenger continues to receive positive drilling results from its flagship Hualilan Gold Project

Challenger Exploration (ASX: CEL)

Highlights

  • Drilling at Verde, discovered 3 months ago, has intersected broad zones of gold mineralisation over 1 kilometre of strike with results including (Refer Tables 1 and 2):

  • 52.0m at 1.2 g/t AuEq2 – 1.1g/t Au, 4.1g/t Ag, 0.3% Zn from 175m (GNDD-236)

  • 155.5m at 0.7 g/t AuEq2 – 0.6 g/t Au, 2.1 g/t Ag, 0.1% Zn from 201.5m including; 59.0m at 1.0 g/t AuEq2 – 0.9 g/t Au, 1.0 g/t Ag, 0.1% Zn from 137m (GNDD-237)

  • 55.5m at 1.2 g/t AuEq2 – 1.0g/t Au, 1.5g/t Ag, 0.4% Zn from 35m and; 24.0m at 0.7 g/t AuEq2 – 0.2 g/t Au, 6.8 g/t Ag, 1.1% Zn from 112m (GNDD-183)

  • 146.0m at 0.5g/t AuEq2 – 0.4 g/t Au, 1.1g/t Ag, 0.2% Zn from 26.0m including; 60.0m at 0.7 g/t AuEq2 – 0.6 g/t Au, 1.5 g/t Ag, 0.2% Zn from 26.0m (GNDD-199)

  • 83.5m at 0.8g/t AuEq2 – 0.7g/t Au, 1.3g/t Ag, 0.2% Zn from 96.3m (GNDD-193)

  • 60.0m at 0.7 g/t AuEq2 – 0.6g/t Au, 1.5g/t Ag, 0.3% Zn from 59m (GNDD-185)

  • 63.4m at 0.7 g/t AuEq2 – 0.6g/t Au, 1.8g/t Ag, 0.2% Zn from 41.5m (GNDD-177)

  • 42.6 metres at 1.0 g/t AuEq (0.9 g/t gold, 4.1 g/t silver, 0.3 zinc) from 33.4 metres including; 3.5 metres at 10.1 g/t AuEq (9.2 g/t gold, 20.8 g/t silver, 1.5%

  • 43.7m at 1.1 g/t AuEq2 – 1.0g/t Au, 1.8g/t Ag, 0.4% Zn from 139m (GNDD-245)

  • Step-out drilling another 200 metres south along strike (assays pending) has continued to intersect significant zones of sulphides indicating strong mineralisation continues south

  • Major expansion of Verde which appears likely to be a continuous zone of mineralisation at least 1.2 kilometres long and 50-100 metres wide remaining open in all directions

  • Drilling at Verde is ongoing with two of the six rigs on site dedicated to extending and infilling Verde and two further rigs to arrive on site during June

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