Highlights:
Outstanding first results from Main Manto rock saw channel sampling including (Refer Table 2):
71.0m at 10.8 g/t AuEq2 – 9.2 g/t Au, 22.5 g/t Ag, 3.0% Zn in combined Zone 1 and Zone 2 including intervening lower grade mineralisation in RNNV10_04;
Zone 1:
26.0m at 24.7 g/t AuEq2 – 21.2 g/t Au, 28.4 g/t Ag, 7.2% Zn in RNNV10_04 including;
6.0m at 91.9 g/t AuEq2 – 89.3 g/t Au, 88.5 g/t Ag, 3.4% Zn, and
5.0m at 24.5 g/t AuEq2 – 20.5g/t Au, 53.1g/t Ag, 7.5% Zn in RNNV10_03;
Zone 1 true width is 9 – 10 metres immediately below surface
Zone 2:
17.0m at 7.1 g/t AuEq2 – 5.9 g/t Au, 45.2 g/t Ag,1.5% Zn in RNNV10_04 and;
3.0m at 23.8 g/t AuEq2 – 20.9g/t Au, 92.4g/t Ag, 3.9% Zn in RNNV10_08;
Zone 2 true width is 7 – 8 metres located 23 metres below surface
Zone 3
29m at 2.4 g/t AuEq2 – 0.8g/t Au, 22.7 g/t Ag, 2.9% Zn in RNNV10_04 and;
9.0m at 6.2 g/t AuEq2 – 1.5g/t Au, 100g/t Ag, 7.2% Zn in RNNV10_06;
Zone 3 true with is approximately 12 metres, located 45 metres below surface
Rock saw cut, representative, channel sampling has identified high-grade zones that were previously untested and the results correlate well with high-grade drill intercepts down dip.
The program was designed to provide data for inclusion of the near surface mineralisation, originally defined by underground sampling, in a JORC resource estimate.
Results suggest the mineralisation is thicker than expected and that the historical selective channel sampling has missed much broader zones of near surface mineralisation.
This is a significant step supporting CEL’s strategy to deliver a high grade shallow resource that should enable a low capex, high margin starter mining operation.
Challenger Exploration (ASX: CEL) (“CEL” the “Company”) is pleased to announce first results from the underground channel sampling at the Company’s Hualilan Gold project in San Juan province, Argentina.
