Challenger Exploration (ASX:CEL) - Exploration Manager, Stuart Munroe
Exploration Manager, Stuart Munroe
Source: Stuart Munroe/LinkedIn
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  • Challenger Exploration (CEL) gets positive results from a newly-completed drill hole at the Sentazon prospect within the Hualilan gold project in Argentina
  • GNDD-378 has returned a result of 63.3 metres at 9.8 g/t gold equivalent which correlates with a previous intercept
  • The new results confirm the presence of a thick, high-grade zone which extends mineralisation at Sentazon by another 40 metres up-dip
  • Drilling is ongoing with another seven holes to be completed
  • Company shares are up 3.57 per cent to trade at 29 cents

Challenger Exploration (CEL) has received results from the most recent drill hole at the Sentazon prospect within the Hualilan gold project in Argentina.

The ongoing Sentazon extension drill program has been expanded multiple times due to the consistent high-grade results. Now, the expanded program includes at least 14 additional holes of which six have been completed and one is currently in progress.

The latest hole, GNDD-378, was drilled to test 40 metres down-dip of a previous hole which intersected 25 metres at 0.7 grams per tonne (g/t) of gold equivalent, including four metres at 2.6 g/t gold equivalent.

GNDD-378 results include 63.3 metres at 9.8 g/t gold equivalent from 108.3 metres, including 24.1 metres at 23.3 g/t gold equivalent from 113.6 metres and 1.9 metres at 17.2 g/t gold equivalent from 168.7 metres.

The 63-metre intersection correlates with a previous intercept from hole GNDD-142 which returned positive results. The company said this confirms a thick high-grade zone of mineralisation is present where the structures that control the main Sentazon Manto and the underlying footwall zone intersect.

‚ÄúSentazon, which is located at the southern tip of our drilling at Hualilan, has now emerged as the most significant zone of high-grade mineralisation at the project,” Managing Director Kris Knauer said.

“The mineralisation extends over 400 metres down-dip, remains open at depth, and continues to produce some outstanding drill intercepts.”

Based on the new results, additional drilling is planned along strike in the same position as GNDD-142 and GNDD-378 to test for extensions to the thick, high-grade zone that forms between the two structures.

Company shares were up 3.57 per cent to trade at 29 cents at 11:47 am AEDT.

CEL by the numbers
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