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ATEX Resources Intersects 0.63% CuEq over 1,270m Extending the High-Grade Porphyry Trend 200 Metres to the Northeast
Toronto, Ontario--(Newsfile Corp. - February 7, 2023) - ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce results from drill hole
About this update from Atex Resources Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - February 7, 2023) - ATEX Resources Inc. (TSXV: ATX) (\"ATEX\" or the \"Company\") is pleased to announce results from drill hole ATXD-11A during Phase III of its drill campaign at the Valeriano Copper-Gold Project (\"Valeriano\" or the \"Project\") located in Atacama Region, Chile. Highlights include: ATXD-11A returned 1,270 metres grading 0.63% Copper Equivalent \"CuEq\" (0.43% Cu, 0.21 g/t Au, 52 ppm Mo) ending in mineralization at 2,130 metres (Figures 1 and 2). Hole ATXD-11A ended in mineralized porphyry with the grade increasing over the final 30 metres, returning 0.73 CuEq (0.53% Cu, 0.2 g/t Au, 19 ppm Mo). Confirmed continuity of the Central High-Grade Porphyry Trend with ATXD-11A intersecting 170 metres of 0.80% CuEq (0.54% Cu, 0.3 g/t Au and 11 ppm Mo), extending the trend over 200 metres northeast from VAL-14 (1,194m of 0.73% CuEq including 272m of 1.00% CuEq*). ATXD-11A extends the western mineralized zone 400 metres north of VAL-09 (852 metres grading 0.64% CuEq*). ATEX is presently drilling holes ATXD-11B and ATXD-22 with the goal of extending mineralization north of intersections in ATXD-11A along the Western and Central Porphyry Trends. Hole ATXD-11B is currently drilling in mineralized porphyry along a new trend following up on zone intersected within the Western Porphyry Trend in the upper part of hole ATXD-11A. \"We are thrilled with the initial results from our Phase III drilling campaign which has both confirmed the continuity of the high-grade porphyry trend to the northeast by a further 200 metres and extended the known copper-gold mineralization along a new trend to the west. The giant is starting to shape up,\" stated Raymond Jannas, President and CEO of ATEX. *See ATEX's website (https://www.atexresources.com/) and historical releases dated Jan 6th and June 13th, 2022, for full disclosure of historical results. Table 1 - ATXD-11A Drill Assay Results Hole ID From To Interval(2)(3) Cu Au Mo CuEq(1) (metres) (metres) (metres) % g/t (ppm) (%) ATXD-11A 860.0 2,130.1 1270.1 0.43 0.2 52 0.63 incl. 1,048.0 1,213.4 165.4 0.51 0.2 105 0.73 and 1,376.0 1,492.4 116.4 0.56 0.3 95 0.82 Incl. 1,376.0 1,393.3 17.3 0.73 0.3 39 1.01 and incl. 1,450.0 1,470.0 20.0 0.64 0.3 308 1.06 and 1,698.0 2,130.1 432.1 0.48 0.3 12 0.71 incl. 1,698.0 1,868.0 170.0 0.54 0.3 11 0.81 also incl. 1,730.0...