Mining Project
Hualilán
General Information
- Investment Company: CHALLENGER GOLD LTD.
- Operating Company: GOLDEN MINING
- Source of Capital: Australia
- Address: Level 1, 1205 Hay Street West Perth WA 6005
- Phone: +61 8 6380 9235
Project Details
Located approximately 120km north-northwest of San Juan city - Located on National Road 149 at 1,700 masl - San Juan Province
Distal Zn and Au skarn deposit, with locally high-grade Au mineralization, hosted in underlying intrusive rocks.
Gold - Silver,Zinc,Lead
Scoping study
$211,000,000.00
A low-risk starter pit followed by conventional sub-level open stope (SLOS) underground mining
Processing facility includes a crusher, mill, gravity recovery circuit, conventional sulphide floatation, and floatation-tails leaching (FTL)
- 116,000 oz gold
- 440,000 oz silver
- 9,175 tons oz zinc (141.000 oz gold equiv.)
7 Years
Resource (indicated and inferred) of 2.8 Moz of gold equivalent.
Project Photos
Additional Comments
The current 2.1 Moz resource extends over 2.2 km strike and remains open in all directions extends over 3.5 km strike. In November 2023 Challenger Gold presented the results of the Hualilán Scoping Study. The company concluded that Hualilán has strong financial indicators, impressive operational findings and considerable additional potential, including: Low-risk starter pit followed by conventional sub-level open stope (SLOS) underground mining;
- Processing facility includes a crusher, mill, gravity recovery circuit, conventional sulphide floatation, and floatation-tails leaching (FTL), with schedule LOM throughput of 1.05 Mtpa;
- Production schedule is comprised of 81% Indicated Resource and 19% Inferred Resource
- The underground optimisation at US$1700/oz Au excluded 880 kt of stopes grading 2.7 g/t AuEq from the mine plan, which are likely economic to mine at today's gold price; During a late phase in the preparation of the scoping study, an opportunity was identified to upgrade the Au-Ag concentrate into doré via a fine-grind and high-intensity cyanide leach circuit, however at the time of the Scoping Study release the supporting test work was incomplete. In late December, Hualilan Gold Project has reached a pivotal environmental achievement by obtaining a neutral carbon footprint certification.