ASX: CEL Challenger Exploration Limited is developing two of its key gold/copper projects in South America.1. Hualilan ProjectLocated in San Juan Province Argentina, is a near term development opportunity. It has extensive historical drilling with over 150 drill-holes and a Non-JORC historical resource (#1) of >500,000 Oz @ 10 g/t gold which remains open in most directions. In the 15 years prior to being acquired by CEL the project was dormant. CEL's focus over the coming 12 months will be to redefine the scope of the Hualilan Project to better determine the best means of development to seek to achieve early cash-flows. 2. El Guayabo ProjectLast drilled by Newmont Mining in 1995 and 1997 targeting gold in hydrothermal breccias. Historical drilling has demonstrated potential to host significant copper and associated gold and silver mineralisation. Historical drilling has returned a number of intersections of plus 100m of intrusion related breccia and vein hosted mineralization including 112m @ 0.6% Cu+ 0.7 g/t Au + 14.7 g/t Ag and 156m @ 2.6 g/t Au + 9.7 g/t Ag + 0.2% Cu. The Project has multiple targets including breccia hosted mineralization, an extensive flat lying late stage vein system and an underlying porphyry system target neither of which has been drill tested.

Website: challengerex.com

Employees: 100 - 249

HQ: N/A

Location: Sydney, NSW, AU

Revenue: Not Available

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ChallengerExploration is a mining and metals company based in Sydney, Australia. The company is focused on developing its two key gold and copper projects in South America, with the goal of achieving early cash-flows. The Hualilan Project, located in Argentina, has a non-JORC historical resource of over 500,000 ounces of gold and remains open in most directions. The El Guayabo Project, located in Peru, has demonstrated potential to host significant copper and associated gold and silver mineralization, with historical drilling returning multiple intersections of intrusion-related breccia and vein-hosted mineralization. ChallengerExploration's management team includes Kris Knauer, Managing Director, and Scott Funston, Finance Director and Company Secretary. The company's focus over the coming 12 months will be to redefine the scope of the Hualilan Project and seek to achieve early cash-flows. With a strong management team and promising projects, ChallengerExploration is poised for success in the mining and metals industry.

Challenger Exploration Limited (CEL) is working on two gold and copper projects in South America. The first project is called Hualilan and is located in Argentina. There has been a lot of drilling done on this project in the past, and it's thought to have a lot of gold and some copper. CEL wants to figure out the best way to get the gold and copper out of the ground so they can start making money from it soon. The second project is called El Guayabo and is also in Argentina. A company called Newmont Mining drilled here in 1995 and 1997, and they found gold, copper, and silver. There are many places where they found these minerals, including in rocks that have been broken up by hot water and in flat lying veins. No one has drilled into the deep parts of the project yet, so there might be even more minerals down there. CEL wants to see if they can find more minerals at El Guayabo and figure out how to get them out of the ground. They think there might be a lot of copper and gold there, and they want to start making money from it soon.