New Zone of High-Grade mineralisation extends strike 50% to 3.1 kilometres at Challenger’s Hualilan Gold Project

Challenger Exploration

▪ New zone of high-grade mineralisation extends strike extent of Hualilan by one kilometre from 2.1 kilometres to 3.1 kilometres – an increase of circa 50%.

▪ Mineralisation encountered 550 metres south of the previous southernmost drill intercepts at Hualilan. Underground rock saw channel sampling results from this new zone include:

  • 13.0m at 15.5 g/t AuEq2 – 12.0 g/t Au, 80.2 g/t Ag, 5.7 % Zn,including
  • 8.5m at 21.9 g/t AuEq2 – 17.8 g/t Au, 113.7 g/t Ag, 6.2% Zn (Flor de Hualilan Adit); and
  • 9.2m at 5.1 g/t AuEq2 – 3.0 g/t Au, 89.6 g/t Ag, 2.2% Zn (Flor de Hualilan Adit); and
  • 3.8m at 14.6 g/t AuEq2 – 3.8 g/t Au, 155.8 g/t Ag, 20.2% Zn (Flor de Hualilan Adit)

▪ This new zone of mineralisation is mapped extending in outcrop approximately 500 metres further south and 400 metres up-dip from the location of the high-grade channel samples.

▪ The completion of the extended program of sampling all adits south of the Magnata fault builds the case for a significant continuous zone of high-grade mineralisation from Magnata to Sentazon. Results include:

  • 9.0m at 26.7 g/t AuEq2 – 26.1 g/t Au, 50.8 g/t Ag, 0.1% Zn including;
  • 6.9m at 34.0 g/t AuEq2 – 33.1 g/t Au, 60.9 g/t Ag, 0.1 % Zn (Labor 5 tunnel), and
  • 10.5m at 14.0 g/t AuEq2 – 11.2 g/t Au, 215.3 g/t Ag, 1.0% Zn including;
  • 6.8m at 21.3 g/t AuEq2 – 17.0 g/t Au, 328.7 g/t Ag, 1.5 % Zn (Labor 6 tunnel) and;
  • 30.7m at 7.7 g/t AuEq2 – 0.9 g/t Au, 70.2 g/t Ag, 13.5% Zn (Sentazon Adit) and;
  • 52.0m at 3.4 g/t AuEq2 – 1.3 g/t Au, 7.9 g/t Ag, 4.5% Zn (Sentazon Adit).

▪ Results confirm that the historical selective channel sampling missed much broader zones of near surface mineralisation surrounding the high-grade mineralisation.

/Public Release.