Challenger Exploration provided an update on the Company's progress on its high impact exploration program at its flagship Hualilan Gold Project ("Project"), located in San Juan Province Argentina. Following the recent $20 million placement, CEL has rapidly advanced exploration on the Hualilan Gold Project, with the first two new drill rigs on site and drilling, and three additional drill rigs to arrive on site over the coming weeks. The drilling contract allows the Company the option of adding a third rig which is capable of drilling low angle holes, and CEL aims to utilise this rig after the completion of the final 1,000 metres of the current 7,500 metre program. Another rig, from an alternate contractor, is expected to arrive on site later this week, and the Company is finalising a contract for two further rigs with a leading San Juan based drilling contractor. The Company will have five to six rigs on site for the majority of the expanded 45,000 metre program and expects to complete approximately 6,000 metres, for 40 holes, monthly over the next 7-8 months. The first 10,000 metres of the expanded 45,000 metre program will focus on: Extending the high grade mineralisation at Cerro Norte south from drill hole GNDD-035 (previously announced), which returned 5.8 metres at 9.5 g/t gold, 29 g/t silver and 3.5% zinc, and extended Cerro Norte 100 metres south along strike; Extending the new intrusion-hosted gold discovery south along strike from the GNDD-025 discovery hole (previously announced), which returned 88 metres at 0.94 g/t gold, 2.2 g/t silver, 0.10% zinc in dacite porphyry with the hole ending in 1 g/t gold; Extending the intrusion-hosted mineralisation north from GNDD-032 (previously announced - 116 metres at 1.1 g/t gold, 4.0 g/t silver, 0.2 % zinc) north into an area with extensive surface veining and alteration in porphyry dacite in outcrop; Extending and infilling the high-grade Magnata Vein mineralisation along strike; Extending the mineralisation at Sentazon along strike and both up and down dip. The current 7,500 metre program will be completed in approximately 30 days, with a total of 80 holes drilled. Results have been released for the first 15 of these holes and in recent weeks, and the Company has seen the turnaround time for assays reduced from over 6 weeks to 3-4 weeks, with timeframes continuing to improve.