Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

Challenger Gold Doubles Ecuador Resource to 9.1¹ Million Ounces Gold Equivalent²

by admin April 9, 2025
April 9, 2025
Challenger Gold Doubles Ecuador Resource to 9.1¹ Million Ounces Gold Equivalent²

Highlights

  • Attributable resource to CEL 6.9 Moz AuEq2 across El Guayabo (100%) and Colorado V (50%).
  • Significant upside remains: The resource is based on drilling 5 of the 15 major anomalies, with all 13 anomalies drilled returning mineralisation.
  • Completion of exploration in Ecuador enables the Company to commence the value realisation process, including strategic divestment options.
Commercial Advantages of the Project
  • Large-Scale Opportunity: The updated MRE positions Challenger Gold’s Ecuador assets among the largest undeveloped gold resources in South America, with 567Mt @ 0.50g/t AuEq for 9.1Moz AuEq on a total project basis.
  • Premium High-Grade Core Enhances Economics: The resource includes a higher-grade core of 2.1 Moz @ 1.0g/t AuEq, including 1.2 Moz @ 1.2g/t AuEq, offering potential for early-stage production and strong cash flow generation.
  • Strategic Location Validates District Potential: The projects are adjacent to Lumina Gold’s 20.5Moz Cangrejos project4 , which recently secured a $300M financing deal with Wheaton Precious Metals, confirming the district’s world-class potential as a globally significant gold-copper region.
  • Development-Ready Infrastructure: Located just 35km from a deepwater port with existing power, water, and road access on granted Mining Leases, the project benefits from reduced development costs and logistical efficiencies.

Value Realisation Strategy for Ecuador

Challenger Gold Limited plans to unlock the value of its Ecuador assets through several strategic options:

  • Strategic Sale: Divest the assets outright which could generate immediate capital for advancing Challenger’s flagship Hualilan Gold Project in Argentina.
  • Farm-In Partnership: Partner with a major mining company to fund development while retaining exposure through royalties or equity participation.

Focus on the Hualilan Gold project The upgraded MRE concludes Challenger Gold Limited’s exploration program in Ecuador, enabling the Company to focus entirely on advancing its flagship Hualilan Gold Project in Argentina, which features:

  • A total resource of 2.8Moz AuEq1 , including a high-grade core of 1.5 Moz @ 5.6g/t AuEq1
  • Mineralisation which remains open in all directions
  • This cashflow will be allocated towards the construction of the standalone Hualilan Gold project
  • Positioning Hualian as one of South America’s premier near-term production opportunities

Monetisation of the Ecuador assets will ensure shareholders benefit directly from both value realisation in Ecuador and production growth at Hualilan.

Commenting on the resource, CEL Managing Director, Mr Kris Knauer, said

“I would like to congratulate our exploration team in Ecuador for their outstanding work in doubling project resources from 4.5Moz to 9.1Moz AuEq, including a high-grade core of 2.1Moz at 1.0g/t AuEq.

This resource update represents a transformational milestone for Challenger Gold shareholders, enabling us to move forward with unlocking significant value from our Ecuador assets while focusing entirely on bringing our flagship Hualilan project into production.

This is only the beginning for the asset – the current resource is based on drilling just five of fifteen major anomalies identified across our Ecuador projects, with all thirteen anomalies drilled so far returning significant mineralisation.’

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
DP Trading Room: Key Support Levels for the SPY
next post
What Was the Highest Price for Copper?

Related Posts

JZR Gold Announces Private Placement Offering Of Units...

September 28, 2024

Rich Checkan: US$3,800 Gold a Minimum This Cycle,...

November 27, 2024

Group Eleven Intersects 11.8m of 11.6% Zn+Pb and...

October 22, 2024

Exclusive Interview: Energy Technologies CEO Nick Cousins

December 1, 2024

Stardust Power Shares Boosted by Sumitomo Lithium Offtake...

February 6, 2025

World Copper Enters into Letter Agreement to Sell...

February 20, 2025

NDP Squeaks Out Victory in Tight BC Race,...

October 30, 2024

Syntheia Launches AssistantNLP, Elevating Customer Interaction with AI-Powered...

February 5, 2025

Operator XR – Sales Update

May 30, 2024

Mount Hope Mining

December 11, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Run Your Stock Portfolio Like a Pro Sports Team

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 31, 2025
    • Alleged attempt to impersonate White House chief of staff under federal investigation

      May 31, 2025
    • Unfinished Business: The budget cuts Musk couldn’t complete and what’s next for DOGE

      May 31, 2025
    • ‘American hero’ or ‘failure’: Elon Musk’s DOGE departure divides Capitol Hill

      May 31, 2025

    Categories

    • Business (957)
    • Investing (2,284)
    • Politics (2,830)
    • Stocks (1,044)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved