Challenger Exploration Limited (AU:CEL) has released an update.
Challenger Gold Limited reports significant progress in its Hualilan Gold Project, with a completed Pre-Feasibility Study showing potential for a larger open pit and improved project economics. In Ecuador, initial drilling at the Colorado V Gold/Copper Project has yielded promising results, with a maiden Mineral Resource Estimate expected soon. The company also raised an additional $4 million in a strategic funding initiative and finished the quarter with a cash balance of $5.75 million.
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