Challenger Exploration’s (ASX : CEL) lead Project is the Hualilan Gold Project in San Juan, Argentina.  Drill results in the last month include 51.6m at 4.5 g/t Au, 96.0m at 2.0g/t g/t Au, 27.8m at 7.3 g/t Au and 16.9m at 16.9 g/t Au from the 9-rigs we have on site as we complete our fully funded 120,000 metre resource drill out.  Hualilan covers 3 kilometres of strike and mineralisation has been defined from surface down to 500 metres, and remains open in all directions.  The project has a rare combination of both grade and scale and CEL is trading at a significant discount to our peer group.  In addition to Hualilan we have started a 20,000 metre drill program on our El Guaybo Copper/Gold Project in Ecuador which lies 5 kilometres along strike from a 17 million ounce orebody.  This drilling will be the first time historical drill results including 156m at 2.6 g/t Au, 9.7 g/t Ag, 0.2% Cu and 112m at 0.6 % Cu, 0.7 g/t Au, 14.7 g/t have been followed up in over 20 years.