- 784.3m at 0.4 g/t AuEq2 – 0.2 g/t Au, 1.6 g/t Ag, 0.1 % Cu, 12 ppm Mo from 16.2m including;
- 380.5m at 0.5 g/t AuEq2 – 0.3 g/t Au, 2.0 g/t Ag, 0.1 % Cu, 18 ppm Mo from 167.5m including;
- 188.5m at 0.6 g/t AuEq2 – 0.4 g/t Au, 2.3 g/t Ag, 0.1 % Cu, 30 ppm Mo from 359.5m including;
- 21.0m at 1.1 g/t AuEq2 – 0.8 g/t Au, 3.0 g/t Ag, 0.2 % Cu, 139 ppm Mo from 403.0m and
- 30.0m at 1.1 g/t AuEq2 – 0.8 g/t Au, 2.6 g/t Ag, 0.2 % Cu, 25 ppm Mo from 468.5m
Commenting on the results, CEL Managing Director, Mr Kris Knauer, said
“This result is an outstanding start which confirms we have a major gold-copper system at El Guayabo. The intersection of 784 metres at 0.4 g/t gold equivalent, to the end of the hole, including a higher grade core of 380.5 metres at 0.5 or 188.5 metres at 0.6 g/t gold equivalent is comparable with the results from the Tier 1 Cangrejos gold discovery adjacent to our tenement boundary.
The results are even better in the context that these first two holes were drilled on low priority locations. While GYDD-21-001 was drilled to test a 1.8 kilometre gold in soil anomaly, the high-grade core of this anomaly is being targeted in the next four drill holes. Additionally, this is the first of nine geochemical targets within the greater El Guayabo Project with drilling on the highest priority of these targets, located in Colorado V, to start in the current quarter.”
Challenger Exploration (ASX: CEL) (“CEL” the “Company”) is pleased to announce results from the Company’s first two drillholes from the El Guayabo Gold-Copper Project in El Oro Province, Ecuador. The results confirm the discovery of a significant intrusion hosted gold-copper-silver-molybdenum system with both holes encountering wide zones of mineralisation associated with intrusives and intrusive breccias. The first two holes have intersected two zones of mineralisation extending over 800 metres of strike on a 1.8 kilometre long gold in soil anomaly.