Challenger Exploration (ASX: CEL) has received promising results from drilling at its flagship Hualilan Gold Project, San Juan Argentina.
The results are from the company’s ongoing drill programme targeting extensions to the current 2.1 million ounce AuEq Mineral Resource Estimate (MRE). These results will feed into a planned mineral resource update in the first quarter of 2023.
The results, from extension drilling at Sentazon which is the southern limit of the current MRE, demonstrate a significant increase in the scale of the mineralization at Sentazon. The strike extent of Sentazon has been extended from 150 m to 250 m with mineralization remaining open along strike to the south. Additionally, drilling has confirmed the discovery of a significant new zone of high-grade mineralization at depth “Sentazon Deeps: which has been intersected in several drill holes.
Highlights
▪ Extension drilling at Sentazon delivers outstanding results with the discovery of a significant new zone of mineralization at depth plus extensions to the south along strike.
▪ Results include:
▪ 50.0m at 3.4 g/t AuEq1 40.0m at 4.2 g/t AuEq1 22.5m at 7.0 g/t AuEq
9.1m at 2.4 g/t AuEq1 1.8m at 11.7 g/t AuEq
▪ 16.5m at 5.9 g/t AuEq1 10.5m at 9.3 g/t AuEq1 4.1m at 18.9 g/t AuEq
▪ 21.2m at 2.7 g/t AuEq1 3.8m at 6.5 g/t AuEq1 1.9m at 8.5 g/t AuEq
▪ GNDD-316e, a 217 metre extension to GNDD-316, in a lightly drilled area on the northern margin of Sentazon has discovered a significant new zone of high-grade mineralization at depth
▪ GNDD-675 confirms this new zone “Sentazon Deeps” has significant scale
▪ Several holes extend the mineralisation at Sentazon over 100 m south of, and 400 m downdip of, the current mineral resource boundary with mineralization remaining open
“This is an outstanding set of results from our flagship Hualilan Gold project. Not only have we discovered a new zone of mineralization at depth with an intercept including 22.5m at 7.0 g/t gold equivalent, several drill holes into this new discovery zone have confirmed it has significant scale,” Managing Director, Kris Knauer, said.
“Additionally, we have extended the mineralisation another 100 metres past the southern boundary of the resource with multiple ore grade intersections. Indeed, Hualilan looks to be really opening up to the south; which is not a total surprise given Sentazon has highest temperature mineral assemblage at Hualilan which is indicative of it being close to the centre rather than the edge of the deposit.”
For further information please visit: https://challengerex.com/
