Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — Investor Presentation (October 2020)
27 slides from Challenger Gold's investor presentation, Oct 19, 2020
Slide 1: Company Update October 2020
For personal use only ASX: CEL Company Update October 2020 Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Challenger Exploration Limited Argentina and Ecuador Gold / Copper Projects
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER DISCLAIMER For personal use only This presentation is for informational purposes only and does not constitute an offer to sell, or solicitation to purchase, any securities. Such Offer can be made only through proper subscription documentation and only to investors meeti
Slide 3: Overview
OVERVIEW Fully Funded with two complementary assets being aggressively advanced For personal use only Challenger aspires to become a globally significant gold producer supported by the Company’s current assets HUALILAN GOLD PROJECT EL GUAYABO/COLORADO V PROJECT Argentina Earning 75% Ecuador Earning
Slide 4: Hualilan Gold Project Overview
HUALILAN GOLD PROJECT Overview For personal use only • High grade gold project with historic non JORC resource of 627,000 Oz at 13.7g/t gold [assume 10 g/t AuEq]#1 with underlying porphyry gold system • CEL drilling has extended mineralisation in multiple directions and confirmed high grades: - 6.1m
Slide 5: High Grade Mineralisation
HIGH GRADE MINERALISATION Remains open in all directions - limited by drilling Mineralisation outcrops at surface Mineralisation at Hualilan comprises 2 distinct orientations For personal use only Historical drill holes 04-HD-33, 34 & 35 were all drilled well behind the plane of controlled by region
Slide 6: Conceptual Intrusion-Hosted Target
CONCEPTUAL INTRUSION-HOSTED TARGET Covering 1km of strike under the high-grade mineralisation with the potential to be significantly larger • Discovery of Intrusion-hosted Gold (in For personal use only GNDD-025 : altered porphyry dacite) 88m @ 0.9 g/t Au, 2.3 g/t Ag, Incl 50m at 1.4 g/t Au, 3.5 - 8
Slide 7: Status of Current Drilling Program at Hualilan
STATUS OF CURRENT DRILLING PROGRAM AT HUALILAN Are we about to get a rush of potentially project changing results Highlights For personal use only Current drilling progress • Many holes extended to 250-300m as they were in mineralisation • One RC rig on site Jul 20th-Aug 16th (2 rigs prior) • We hav
Slide 8: Additional Drilling Highlights
ADDITIONAL DRILLING HIGHLIGHTS There are a lot of highlights particularly the most recent 15 holes For personal use only CEL Drill Hole Rush Assay Note - quantitative estimates of mineral abundance have not been provided so as not to cause the market to be misled on the elemental abundance in the ab
Slide 9: Sanchez Fault a Significant High-Grade Target
SANCHEZ FAULT A SIGNIFICANT HIGH-GRADE TARGET Historical drilling failed to test the Sanchez fault due to the topography For personal use only GNRC-084 (assays pending) Sanchez Fault Zone current and planned drilling 9
Slide 10: Hole GNDD-025 (Porphyry Discovery Hole)
HOLE GNDD-025 (PORPHYRY DISCOVERY HOLE) 88m @ 0.9 g/t Au in porphyry dacite For personal use only 1.0 g/t Au 1.0 g/t Au Intrusion-hosted mineralisation in GNDD-025 : Note - quantitative estimates of mineral abundance have not been provided so 88m of dacite feldspar-quartz porphyry with as not to cau
Slide 11: GNDD-032 116m @ 1.05 g/t Au
GNDD-032 116M @ 1.05 G/T Au Located 1.2 kilometres south along strike from GNDD-025 For personal use only 1.2 g/t Au Intrusion-hosted mineralisation in GNDD-032 : 116 metres of dacite feldspar-quartz porphyry with garnet, pyroxene, chlorite, sericite, pyrite alteration and veins with pyrite, sphaler
Slide 12: GNDD-082 Assays Pending
GNDD-082 ASSAYS PENDING 121 metres of potential mineralisation in porphyry dacite with an endoskarn component For personal use only GNDD-082 (weak endoskarn in dacite 109-116m) Note - quantitative estimates of mineral abundance have not been provided so as not to cause the market to be misled on the
Slide 13: Mineralised Intrusive in a Number of Holes
MINERALISED INTRUSIVE IN A NUMBER OF HOLES Intrusion hosted mineralisation widespread and remains open in all directions For personal use only GNDD-108 : altered dacite with disseminated pyrite 96-180m GNDD-089 (> 100m altered dacite with Note - quantitative estimates of mineral abundance have not b
Slide 14: GNDD-131 - Assays Pending Including Endoskarn
GNDD-131 - ASSAYS PENDING INCLUDING ENDOSKARN Over 130 metres of potential mineralisation in porphyry dacite with an endoskarn component For personal use only GNDD-131: Left Skarn mineralisation at calcite-dacite contact at 199m downhole GNDD-131: Right 199-280m (eoh) Dacite with feldspar-quartz por
Slide 15: Many Holes Have Ending in Mineralisation >250m
MANY HOLES HAVE ENDING IN MINERALISATION >250M The recently drilled holes appear to contain more intense mineralisation than the “rushed” holes For personal use only GNDD- 115 (> 87m altered dacite GNDD-115 : some better mineralised zones with up to 5% sulphides with 3% pyrite 164m-251m eoh ) Note -
Slide 16: Endoskarn Mineralisation in GNDD-047
ENDOSKARN MINERALISATION IN GNDD-047 Endoskarn component significantly increases the grade in the intrusives For personal use only 67m to 68m 10.1 g/t Au 0.5m @ 7.3 g/t Au 38.5m @ 1.3 g/t Au (eoh) Drill core showing intrusion-hosted mineralisation in GNDD-047 (inset 67.7m) Note - quantitative estima
Slide 17: GNDD-088A - Assays Pending
GNDD-088A - ASSAYS PENDING Strong endoskarn component to mineralisation 100 metres deeper than previously encountered For personal use only 244-246m GNDD-088 (strong endoskarn in porphyry dacite) Note - quantitative estimates of mineral abundance have not been provided so as not to cause the market
Slide 18: GNDD-106 New Type of Intrusive Mineralisation
GNDD-106 NEW TYPE OF INTRUSIVE MINERALISATION This hole is located under Sentazon at southern end of Cerro Sur For personal use only Drill hole GNDD-106 60 metres of a new style of polymictic intrusive breccia mineralisation with zones of intense mineralisation (114-123 metres) and (197-237 metres)
Slide 19: GNDD-122 Two New Types Intrusive Mineralisation
GNDD-122 TWO NEW TYPES INTRUSIVE MINERALISATION GNDD-122 is located in the middle of the Gap Zone in an area with no prior drilling For personal use only Drill hole GNDD-122 (Gap Zone) 68-74m. A new style of intense breccia mineralisation located above the main limestone hosted manto unit Drill hole
Slide 20: Underground Mapping and Sampling Program
UNDERGROUND MAPPING AND SAMPLING PROGRAM Key work item to push the maximum number of historical ounces into JORC For personal use only Underground channel sampling • Key requirement for JORC Resource • Completed in second week of December – last assays in January • Approximately 50% of the historica
Slide 21: El Guayabo Gold/Copper Project – Ecuador
EL GUAYABO GOLD/COPPER PROJECT – ECUADOR Project Overview including the adjoining Colorado V concession For personal use only • 35km2 land package 5km along strike from the 16.7-million ounce Cangrejos1 deposit which is going through permitting • Substantial historical drilling results not followed
Slide 22: Ecuador Update – Multiple Large Gold Targets
ECUADOR UPDATE – MULTIPLE LARGE GOLD TARGETS Before any significant expenditure For personal use only Current Status ► 146m at 1.5 g/t Au, 1.8 g/t Ag from 211m (ZK1-5) - incl 87m at 2.1 g/t Au, 1.9 g/t Ag ► Over 250 metres of gold mineralisation in drill hole ZK0-2 - 151 metres at 0.9 g/t gold and 3
Slide 23: Extensions
EXTENSIONS Increases strike extent by over 400% For personal use only • Surface mapping and sampling generated exactly the results we hoped it would • Confirmed two much larger extensions immediately along strike with high grades at surface and the same rock types • Focus now: - Historical core assa
Slide 24: Drilling Targets Analogous to Cangrejos 5km Away
DRILLING TARGETS ANALOGOUS TO CANGREJOS 5KM AWAY Recent assay results point to a major discovery For personal use only • Number of high tenor gold and copper in soil anomalies > 1km2 in size not validly tested D • Majority of the drilling was on the flanks of the soil anomalies • Assays of the initi
Slide 25: Summary
SUMMARY It appears a significant bulk gold system underlies the historical high-grade mineralisation at Hualilan For personal use only Hualilan Project, Argentina • We will start to see the news flow that comes with five drill rigs • Number of pending holes could provide +100m intersections with mos
Slide 26: Foreign Resources Estimate – Hualilan Gold Project
FOREIGN RESOURCES ESTIMATE – HUALILAN GOLD PROJECT For personal use only La Mancha Resources 2003 foreign resource estimate for the Hualilan Project ^ Tonnes Gold Grade Contained Gold Category (kt) (g/t) (koz) Measured 218 14.2 100 Indicated 226 14.6 106 Total of Measured and Indicated 445 14.4 206
Slide 27: Challenger Exploration Limited contact details
CHALLENGER EXPLORATION LIMITED (ASX:CEL) ACN 123 591 382 Level 1, 1205 Hay Street, West Perth WA 6005 | P: +61 8 6380 9235 For personal use only Kris Knauer Scott Funston Elvis Jurcevic Jane Morgan CEO & Managing Director CFO & Finance Director Investor Relations Media Relations +61 411 885 979 +61
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