Acquisition of 100% ownership flagship Hualilan Gold Project completed.
Mr Sergio Rotondo, CEL's current COO and key vendor, will now be appointed Executive Director.
The Hualilan Gold Project has a rare combination of both grade and scale evidenced by recent results including:
2.8m at 62.5 g/t AuEq1 - 59.0 g/t Au, 25.8 g/t Ag, 7.2% Zn from 296.9m (GNDD-314);
96.0m at 2.0g/t AuEq2 - 1.8g/t Au, 2.9g/t Ag, 0.3% Zn from 13.0m (GNDD-288)
Significant exploration upside with the total Project area covering over 80 square kilometres and containing 18 kilometres of the main Hualilan Gold Trend which is largely unexplored.
9-rig program will deliver more drill metres in the next 10 months than the previous 2 years
Challenger Exploration (ASX: CEL) (CEL the Company) is pleased to announce that it now owns 100% of its flagship Hualilan Gold Project in San Juan Argentina. Hualilan is a compelling gold discovery, with the benefit of both grade and scale, located in a Tier 1 mining jurisdiction. This is illustrated by recent results which include 3.8m at 24.8 g/t AuEq3,16.9m at 16.9 g/t AuEq3 ,(including 7.1m at 32.2 g/t AuEq), and 51.6m at 4.5 g/t AuEq2 . Mineralisation at Hualilan has now been defined over 3 kilometres of strike and 500 metres vertically with mineralisation remaining open in all directions.
