Challenger reports initial 4.5 Moz gold equivalent resources for its El Guayabo project in Ecuador

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Challenger reports initial 4.5 Moz gold equivalent resources for its El Guayabo project in Ecuador
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Challenger reports initial 4.5 Moz gold equivalent resources for its El Guayabo project in Ecuador Challenger ElGuayabo

- On Tuesday, Challenger Gold announced an initial mineral resource estimate for its El Guayabo gold-copper project in Ecuador.

Importantly, Challenger noted that the MRE does not include drill holes GYDD-23-039 or GYDD-23-040 to 043 and will be updated upon the receipt of assays for these final five holes. Commenting on the resource, Managing Director Kris Knauer said, “I would like to congratulate our Exploration team in Ecuador for this outstanding start. An initial resource of 4.5 million ounces, particularly given its higher-grade core of 1.5 Moz at 1.0 g/t AuEq, is a great start and has significant value in its own right.

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