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ATEX Resources Announces Excellent Metallurgical Recoveries for Cu-Au Porphyry Mineralization at Valeriano
Toronto, Ontario--(Newsfile Corp. - October 18, 2023) - ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce the results of metallur
About this update from Atex Resources Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - October 18, 2023) - ATEX Resources Inc. (TSXV: ATX) (\"ATEX\" or the \"Company\") is pleased to announce the results of metallurgical test work completed on copper (\"Cu\") gold (\"Au\") porphyry related material, completed at Base Met Laboratories (\"BML\") in Kamloops, British Columbia. This work was completed using samples selected from drill core from the Phase II and III drill programs at the Valeriano Project (\"Valeriano\" or the \"Valeriano Project\") located in Atacama Region, Chile. The metallurgical program was undertaken using three composite samples of >100 kilograms each selected from within the Valeriano resource area (See Company news September 12, 2023). The work in this program was completed to a PEA level and was designed, scoped, and supervised by Libertas Metallurgy LTD, Chatsworth, Ontario. HIGHLIGHTS: ROBUST COPPER AND GOLD RECOVERIES - Copper recoveries ranging from 91% to 95% and total gold recovery ranging from 83% to 94%, using a combination of flotation (Cu, Au) and cyanidation of cleaner tails (Au). ATTRACTIVE CONCENTRATE GRADES - Desirable concentrate grades of 26% to 31% Cu and 7g/t to 12g/t Au with negligible deleterious elements. SIMPLE COMMUNUTION - The test work has demonstrated that Valeriano mineralized material is amenable to SAG and ball milling. COPPER-MOLYBDENUM SEPARATION UPSIDE: Cu-Mo separation could produce a molybdenum concentrate at 65%-75% Mo recovery. \"We are very excited by these results, confirming that Valeriano can produce a high quality, clean concentrate using conventional recovery methods,\" stated Raymond Jannas, President, and CEO of ATEX. \"The copper and gold recovery results from this program have exceeded our expectations, and the high quality of the concentrate would be extremely attractive to smelters.\" Overview In May 2023, a PEA level metallurgical test work program was designed and scoped by Libertas Metallurgy and ATEX Resources. Samples were collected from half core under supervision of Libertas in June 2023. The samples we packaged and shipped to BML and were delivered in July 2023. Metallurgical test work was completed at Base Met Laboratories in Kamloops, BC during August and September 2023. A total of three representative samples (>100 kg of material) were selected by Libertas Metallurgy and ATEX geologists: High...