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ATEX Drills New Record Intercept at Valeriano Hitting 152 Metres of 2.03% CuEq Within 342 Metres of 1.48% CuEq with Assays on Remainder of Hole Pending
Expands Recently Discovered High-Grade Breccia System 130 Metres North-Northeast; System Remains ...
About this update from Atex Resources Inc.
[{"type":"text","content":"ATEX Drills New Record Intercept at Valeriano Hitting 152 Metres of 2.03% CuEq Within 342 Metres of 1.48% CuEq with Assays on Remainder of Hole PendingExpands Recently Discovered High-Grade Breccia System 130 Metres North-Northeast; System Remains Open in All DirectionsToronto, Ontario--(Newsfile Corp. - January 23, 2025) - ATEX Resources Inc. (TSXV: ATX) (\"ATEX\" or the \"Company\") is pleased to announce partial assay results for drill hole ATXD23A, the first hole from its Phase V drill campaign at the Valeriano Copper-Gold Project (\"Valeriano\" or the \"Project\") located in Atacama Region, Chile. Drilling commenced, with three diamond drill rigs, in mid-October 2024 and scaled up to five rigs in early January 2025. Highlights include:ATXD23A intersected 152.0 metres of 2.03% CuEq(1,2) (1.52% Cu, 0.75 g/t Au, 0.83 g/t Ag and 40.93 g/t Mo) within a broader interval of 342.0 metres of 1.48% CuEq (1.05% Cu, 0.47 g/t Au, 1.17 g/t Ag and 272.38 g/t Mo) from 1,036 metres downhole and 700 metres below the valley floor at 3,800 metres.ATXD23A represents a 130-metre extension to the high-grade breccia mineralization intersected in ATXD261 at the end of Phase IV which had returned 68.0 metres of 2.02% CuEq (1.39% Cu, 0.60 g/t Au, 3.81 g/t Ag and 473 g/t Mo) within 356.0 metres of 0.98% CuEq (0.7% Cu, 0.29 g/t Au, 1.49 g/t Ag and 180 g/t Mo).This target breccia zone hosts the highest-grade mineralization encountered at Valeriano to date and has a current estimated strike length of 400 metres and remains open in all dimensions.ATXD23A was completed to a length of 2,042.1 metres (1,527.1 metres from kick-off point) ending in mineralized Early Porphyry (\"EP\"), with assay results from 856 metres to 1,036 metres (less navigational drilling intersections) and 1,378 metres to 2,042.1 metres pending.Follow up drilling in holes ATXD27A and ATXD23B is currently testing extensions to the high-grade breccia zone 140 metres along strike to the northwest and 100 metres up-dip, respectively.ATXD16B has also been completed to a length of 1,880 metres (1,052.8 metres from kick-off point) with assay results anticipated in early February.\"ATXD23A exceeded our expectations and is the best hole drilled on the Project to date even without the pending assays for the lower 664 metres. Furthermore, we believe it ranks among the best holes drilled worldwide...