Why the Challenger Exploration (ASX:CEL) share price is on the move

Challenger Exploration Ltd (ASX: CEL) shares are edging higher today after the company outlined plans for a new fully-funded drilling program in San Juan, Argentina. At the time of writing, the Challenger share price is trading 1.59% higher at 32 cents.

Challenger Exploration is engaged in the exploration of gold and copper with operations in Ecuador and Argentina. The company is developing two complementary gold/copper projects in South America, namely the Hualilan Gold Project in Argentina (the focus of today’s update) and the El Guayabo Gold/Copper Project in Ecuador.

New drilling program

The Challenger Exploration share price is responding positively after the miner advised its fully-funded, five-rig, 30,000-metre drilling…