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ATEX Extends High-Grade Porphyry Trend Intersecting 220 Metres of 1.00% CuEq Within Broader Intercept with Remaining Assays Still Pending
Previously Announced Intersection from ATXD23A Improves with New Results and Final Assays for Hol...
About this update from Atex Resources Inc.
[{"type":"text","content":"ATEX Extends High-Grade Porphyry Trend Intersecting 220 Metres of 1.00% CuEq Within Broader Intercept with Remaining Assays Still PendingPreviously Announced Intersection from ATXD23A Improves with New Results and Final Assays for Hole Still PendingToronto, Ontario--(Newsfile Corp. - February 24, 2025) - ATEX Resources Inc. (TSXV: ATX) (\"ATEX\" or the \"Company\") is pleased to announce updated partial assay results for holes ATXD16B and for ATXD23A as part of its Phase V exploration program at the Valeriano Copper Gold Project (\"Valeriano\" or the \"Project\"), located in the Atacama Region, Chile. To date, three drill holes have been completed, two testing the recently identified high-grade breccia mineralization (\"B2B zone\") and the third testing extensions along the high-grade porphyry (\"Valeriano Porphyry\") trend. An additional five drill holes are currently progressing with daily production reaching targeted rates. Highlights include:ATXD16B intersected 220 metres (\"m\") of 1.00% copper equivalent (\"CuEq\") (0.75% Cu, 0.31 g/t Au, 1.2 g/t Ag and 90 g/t Mo) within a broader interval of 590m of 0.78% CuEq (0.58% Cu, 0.24 g/t Au, 0.9 g/t Ag and 96 g/t Mo) from 1,044m downhole with assays pending from 1,634m to final depth at 1,880m.ATXD16B is a daughter hole from ATXD16Ai which had intersected 852m of 0.82% CuEq (0.60% Cu, 0.28 g/t Au, 0.98 g/t Ag and 72 g/t Mo), 594m of 0.92% CuEq (0.67% Cu, 0.32 g/t Au, 1.13 g/t Ag and 71 g/t Mo) and 112m of 1.42% CuEq (1.01% Cu, 0.57 g/t Au, 2.06 g/t Ag and 46 g/t Mo) and extended the high-grade core of the porphyry approximately 120m to the southeast. The high-grade trend remains open to the south-southeast and represents an opportunity to further extend high-grade mineralization in further step-out holes. ATXD23A grades improved upon receipt of final by-product metal results, showing intersection of 152m of 2.12% CuEq (1.52% Cu, 0.75 g/t Au, 0.8 g/t Ag, 41 g/t Mo) within a broader interval of 342m of 1.52% CuEq (1.05% Cu, 0.47 g/t Au, 1.2 g/t Ag, 272 g/t Mo). Assays are pending from a depth of 1,584m to the end of the hole at 2,042m.Two rigs are currently dedicated to defining the high-grade breccia B2B zone with two others focused on infill drilling within the higher-grade Valeriano Porphyry units. The fifth rig will continue to provide optionality to test the current exten...