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- Challenger Exploration (CEL) receives results from the first 13 holes drilled at its flagship Hualilan Gold Project in San Juan, Argentina
- Results come from a follow-up drilling program at Sentazon which aimed to test for extensions to the mineralisation
- Overall, grades peaked at 28.8g/t gold, 125.3g/t silver and 12.6 per cent zinc
- Additionally, work confirmed a previous intersection is actually a new zone of mineralisation that has significant width and down-dip extent
- Shares in Challenger are up 5.77 per cent on the market and are trading at 27.5 cents at 12:09 pm AEST
Challenger Exploration (CEL) has received results from the first 13 holes drilled at its flagship Hualilan Gold Project in San Juan, Argentina.
Results come from a follow-up drilling program at Sentazon which aimed to test for extensions to the mineralisation.
Best results include 7.1 metres at 28.1 grams of gold per tonne (g/t), 36.1g/t silver and 8.3 per cent zinc from 194.2 metres; and 3.8 metres at 22.1g/t gold, 125.3g/t silver and 2.6 per cent zinc from 48.3 metres.
Drilling has doubled the dip extent of the mineralisation to 200 metres with mineralisation remaining open along strike and at depth.
Additionally, work confirmed a previous intersection is actually a new zone of mineralisation.
This zone has substantial width and down-dip extent with multiple holes intersecting zones of massive sulphides.
Results are pending are and expected to be reported on shortly.
Managing Director Kris Knauer commented on the drilling program and the results received.
“The current Sentazon drilling produced several significant high-grade intersections including 16.9 metres at 16.9g/t gold equivalent,” Mr Knauer commented.
“It has doubled the vertical extent of the mineralisation at Sentazon and confirmed a second, and much wider, zone at depth. Both zones of minerals at Sentazon extend over at least 200 metres down-dip and remain open and strongly mineralised at depth.
“Based on the results from the first holes in this program we will be dedicating quite a few more metres from our 120,000-metre drill program and at least one of the nine rigs on site to Sentazon.”
Shares in Challenger were up 5.77 per cent on the market and were trading at 27.5 cents at 12:09 pm AEST.
