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ATEX Resources Intersects 0.70% CuEq over 964m in a 200m Step-Out Along the Recently Discovered High-Grade Western Porphyry Trend
Toronto, Ontario--(Newsfile Corp. - June 5, 2023) - ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce complete assay results for
About this update from Atex Resources Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - June 5, 2023) - ATEX Resources Inc. (TSXV: ATX) (\"ATEX\" or the \"Company\") is pleased to announce complete assay results for drill holes ATXD-22A and ATXD-23 from its Phase III drill campaign at the Valeriano Copper-Gold Project (\"Valeriano\" or the \"Project\") located in Atacama Region, Chile. Highlights include: ATXD-23 successfully extended the high-grade trend discovered in ATXD-11B, intersecting 964 metres of 0.70% Copper Equivalent (\"CuEq\") (0.48% Cu, 0.24 g/t Au and 78 ppm Mo) (Figures 1, 2A & 2B) starting at 782 metres and including: 602 metres of 0.80% CuEq (0.50% Cu, 0.37 g/t Au and 11 ppm Mo) from 1,130 metres, and 120 metres of 0.90% CuEq (0.45% Cu, 0.54 g/t Au and 3ppm Mo) starting at 1,612 metres. Additionally, ATXD-23 intersected 192 metres of 0.56% CuEq (0.24% Cu, 0.40 Au and 4ppm Mo) from 1,858 metres to the bottom of the hole, ending in mineralization. The newly discovered Western Porphyry Trend now has a strike length of approximately 700 metres and remains open. The Phase IV program will include holes testing further extensions of this high-grade discovery. ATXD-22A (daughter hole), targeting the Eastern Porphyry Trend, intersected 546 metres of 0.45% CuEq (0.32% Cu, 0.08 g/t Au and 173 ppm Mo) from 921.4 meters downhole. This mineralization continues from hole ATXD-22 (mother hole) grading 0.44% CuEq over 292 metres from 630 to 922 metres (0.31% Cu, 0.01 g/t Au and108 ppm Mo) (See March 30 release) above the kickoff point for ATXD-22A. The final two holes of the program, ATXD-24 and ATXD-22B reached depths of 1,842.4 metres and 1,615.05 metres respectively, with ATXD-24 paused in early porphyry within the Central Trend and ATXD-22B in potassic altered, mineralized rock milled breccia \"RMB\" approaching the Central Trend extension. Both holes were paused due to earlier-than-expected adverse weather conditions. Samples for the partial holes ATXD-24 and ATXD-22B have been sent to the lab with results expected by late June or early July. \"We are incredibly happy and proud of how well our team and partners were able to execute throughout this campaign,\" stated Raymond Jannas, President, and CEO of ATEX. \"The Phase III program has delivered on, and exceeded, its stated objectives, expanding the mineralized footprint, confirming continuity along the Central High-G...