CEL 0.00% 27.5¢ challenger exploration limited

Are these two holes the "booming" IP targets mention above? Too...

  1. 1,564 Posts.
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    Are these two holes the "booming" IP targets mention above? Too early for assays if true but the fact they have been drilled so quickly bodes well.
    (This graphic is part of an image from P.8 of yesterday's NR.)
    https://hotcopper.com.au/data/attachments/3389/3389226-265b71dedafa52b6e10657a940ead548.jpg

    I missed this from 1 July - KK:" .. a game-changer .." from 1min 30 sec
    "High-grade mineralization has been mapped in outcrop in the Hualilan Hills over 300 meters of strike at Cerro Norte, 600 meters between the Magnata Fault and Sentazon and 500 metres south of Flor de Hualilan. Should high-grade mineralisation extend 200-300 metres up-dip from CEL drilling over this 1.4 kilometres mapped in outcrop it has the potential to add material high-grade ounces. CEL is acquiring a man portable, rig which will allow the drill out of this significant zone of potential bonanza grade mineralisation."
    https://hotcopper.com.au/data/attachments/3389/3389248-141559eea3526f5ffaf12fc7a7e1242e.jpg
    I thought this was interesting too - drilling from the other (east) side.

    Sanchez Fault
    "The Sanchez Fault is one of the main east-west feeder structures believed to control the high-grade mineralisation at Hualilan. The Sanchez Fault has been mapped in outcrop over 500 metres in the Hualilan Hills however, due to the topography, limited drilling has been completed by CEL testing the Sanchez Fault. Accordingly, it remains a key and under-drilled target at Hualilan, with CEL's current plan to test the Sanchez fault with a man portable rig and from the eastern side of the Hualian Hills now the Ayen Exploration Licence has been formally granted."
    https://hotcopper.com.au/data/attachments/3389/3389253-25d83eaf0de3f2646ef4d3e201cfd572.jpg
    What a great story unfolding here. Just when the company thinks it has a handle on Hualilan it throws up more surprises!

    More high grade results from Magnata out soon.
    https://hotcopper.com.au/threads/ann-further-outstanding-metallurgical-results-from-hualilan.6173003/page-14?post_id=54666829
    Last edited by HarryKane: 22/07/21
 
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