Challenger Exploration Limited (ASX:CEL)
Challenger Exploration Limited is an Australia-based gold and copper exploration company. The Company’s projects include Hualilan, El Guayabo and Karoo Basin Gas. The Hualilan Project is located approximately 120 kilometers north-northwest of San Juan, the capital of San Juan Province in north-western Argentina. It consists of 15 mining leases and an exploration license application covering the surrounding 26 square kilometers. The El Guayabo project consists of nested late Oligocene to Early Miocene intrusions punctured and intruded by a number of breccia bodies and porphyries. The property is located within the El Oro Province of southern Ecuador, 35 kilometers south southeast of the Machala which lies on the Pan-American Highway and contains a water port. The Karoo Basin Gas project, which extends across 600,000 square kilometers is located in central and southern South Africa and contains organic rich shales of Permian age with combined thickness up to 5,000 feet.