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ATEX Resources Extends Mineralization Along Western Trend by 200 Metres to the North of Hole ATXD-11B
Toronto, Ontario--(Newsfile Corp. - May 11, 2023) - ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce that is has completed drill
About this update from Atex Resources Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - May 11, 2023) - ATEX Resources Inc. (TSXV: ATX) (\"ATEX\" or the \"Company\") is pleased to announce that is has completed drill holes ATXD-22A and ATXD-23 in its Phase III drill campaign at the Valeriano Copper-Gold Project (\"Valeriano\" or the \"Project\") located in Atacama Region, Chile. Highlights include: ATXD-23 intersected 550 metres of mineralized early porphyry, between 1,500 and 2,050 metres downhole (Figures 1&2) ATXD-23 extends the strike length of the Western Trend by approximately 200 metres north of hole ATXD-11B that intersected 1,342.5 metres of 0.73% CuEq (0.46% Cu, 0.31 g/t Au and 43 ppm Mo) and was released on March 30, 2023. Copper mineralization in the early porphyry consists mainly of chalcopyrite and to a lesser extent bornite, consistent with mineralization observed in ATXD-11B. Additionally, ATXD-23 intersected 650 metres of chalcopyrite-bearing Rock Milled Breccia (\"RMB\") above the early porphyry interval from a depth of 850 metres downhole to the porphyry contact at 1,500 metres. ATXD-22A (daughter hole) drilled southeast out of ATDX-22 intersected altered chalcopyrite bearing RMB and mineralized late porphyry units. The final two holes of the program, ATXD-24 and ATXD-22B are anticipated to be completed by the end of May. Complete assays for ATXD-23 and ATXD-22A are expected by late May. \"Our Phase III drill program continues to successfully deliver on its objectives with hole ATXD-23 significantly extending the newly discovered Western Trend which remains open along strike to the northeast,\" stated Raymond Jannas, President, and CEO of ATEX. \"We have now confirmed 750 metres of strike extent along the Western Trend between drill holes VAL-09 and ATXD-23, demonstrating continuity of the geology and mineralization within this new trend.\" Figure 1: Valeriano Project - Plan View Figure 2A: Valeriano Project - ATXD-23 (Projected 200m North) - Cross Section;Figure 2B: Valeriano Project - Western Trend - Longitudinal Section Outlook The Phase III campaign continues to focus on its stated objectives of expanding the mineralized corridor through step out drilling along strike, primarily to the northeast, testing new targets along this corridor and seeking to define the continuity and geometry of the porphyry trends. Two diamond drill holes are currently underw...