Challenger Gold Pours First Gold Bar From Argentina Project

MT Newswires Live

06/02

Challenger Gold (ASX:CEL) poured its first gold bar from the Hualilán gold project in Argentina under a toll milling agreement with Austral Gold (ASX:AGD), according to a Tuesday Australian bourse filing.

The first pour produced around 200 kilograms of doré estimated to contain 500 ounces of gold and 6,000 ounces of silver from around 15,000 tonnes of ore, the filing said.

The agreement provides Challenger an annual guaranteed processing capacity of 150,000 tonnes and a total secured capacity of 450,000 tonnes over a three-year term.

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