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- Challenger Exploration (CEL) discovers the new ‘Sentazon Deeps’ zone at its Hualilan gold project in Argentina
- Recent drilling extended mineralisation at the Sentazon area to 250 metres of strike and 500 metres down-dip, remaining open to the south along-strike and at depth
- The Sentazon Deeps zone was intersected below in several holes, with a highlighted result of 22.5 metres at seven grams per tonne gold equivalent from 456.5 metres
- Challenger plans to use the results to update the Hualilan mineral resource estimate in the first quarter of 2023
- CEL shares are up 2.78 per cent to 18.5 cents at 10:43 am AEDT
Challenger Exploration (CEL) has discovered a new zone of mineralisation at its Hualilan gold project in Argentina.
The company has received extension drilling results that confirmed the discovery of ‘Sentazon Deeps’, a new zone intersected below the main Manto and Footwall Zone while drilling at the Sentazon area.
Highlighted results from Sentazon Deeps include 50 metres at 3.4 grams per tonne (g/t) gold equivalent including 22.5 metres at seven g/t gold equivalent from 456.5 metres.
Drilling effectively extended Sentazon’s strike length by 100 metres to 250 metres, and its down-dip extent has been increased to 500 metres. Mineralisation remains open to the south along-strike and at depth.
Challenger Managing Director Kris Knauer said this was an “outstanding set of results” from the company’s flagship Hualilan project.
“Not only have we discovered a new zone of mineralisation at depth with an intercept including 22.5 metres at seven g/t gold equivalent, several drill holes into this new discovery zone have confirmed it has significant scale,” Mr Knauer said.
“Indeed, Hualilan looks to be really opening up to the south, which is not a total surprise given Sentazon has the highest temperature mineral assemblage at Hualilan, which is indicative of it being close to the centre rather than the edge of the deposit.”
Challenger plans to use the results to complete an updated mineral resource estimate in the first quarter of 2023.
CEL shares were up 2.78 per cent to 18.5 cents at 10:43 am AEDT.
