Challenger Exploration Limited (AU:CEL) has released an update.
Challenger Gold Limited reports promising initial results from their drilling program at the Colorado-V project in Ecuador, with consistent mineralization in the eastern half of the CV-A anomaly. The drilling, which is part of an 8,000-meter program to establish a maiden Mineral Resource Estimate, has so far covered 5,100 meters with notable intercepts. The company also plans to leverage these results to monetize its Ecuadorian assets, focusing on its Hualilan Gold project.
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