CEL 5.26% 6.0¢ challenger gold limited

Ann: Hualilan Drilling Confirms Second Deeper Zone at Sentazon, page-35

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  1. 1,623 Posts.
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    I think one thing that could move the SP is success at a new location.

    I'm thinking Magnata East. That begs the question of when the Argentina Govt. will cancel the Glencore licence and grant the ground to CEL.

    I've created a 10km grid to give a better perspective of just how much ground CEL has and what is possible. KK is confident of getting the Glencore ground. He thinks a deal is possible to get the Newmont ground.

    Why is this of any interest? It is because Kris has said that the Sanchez & Magnata Faults are visible for 20km in either direction when standing at the top of the Hualilan Hills.

    The Magnata Fault is, approximately, on Line 6600000.


    https://hotcopper.com.au/data/attachments/3473/3473978-a55a8fb0471ba010cf0dcddf32204f02.jpg

    A close-up of the Magnata Fault showing mineralisation open in both directions and we know it is open at depth beyond 500m. It could be huge.

    https://hotcopper.com.au/data/attachments/3474/3474079-e9d9514b1610fce809bcf1f7c00ff70c.jpg
    Have a look at this colourful geophysics. We know there are drill pads established over the hill to the east of Magnata/Sentazon. I'm guessing the could be located somewhere near historic hole MG-10. A drill rig should be there soon. KK thinks there could be repetitions way over the other side the big eastern zone intrusive.

    https://hotcopper.com.au/data/attachments/3474/3474100-d43ecff6ee4f4597f579b9d7c0b74ea5.jpg

    Finally, there should be some very good results for Verde this week. It could be a 1moz deposit on its own.

    I also have high hopes for the ground east of Verde. Newmont has identified two very promising targets but they are deep. Porphyries? Let's see what develops.

    https://hotcopper.com.au/data/attachments/3474/3474167-c0e6b1fc1d66878b016283d2d48a6290.jpg

    Last edited by HarryKane: 16/08/21
 
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