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ATEX Resources Intersects 0.73% CuEq over 1,342.5m in Longest Intersection to Date at Valeriano
Toronto, Ontario--(Newsfile Corp. - March 30, 2023) - ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce results for diamond drill
About this update from Atex Resources Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - March 30, 2023) - ATEX Resources Inc. (TSXV: ATX) (\"ATEX\" or the \"Company\") is pleased to announce results for diamond drill holes ATXD-11B and ATXD-22. These are the third and fourth holes completed in its Phase III drill campaign at the Valeriano Copper-Gold Project (\"Valeriano\" or the \"Project\") located in Atacama Region, Chile. Highlights include: ATXD-11B which intersected higher grade intervals of: 0.80% Copper Equivalent \"CuEq\" (0.50% Cu, 0.35 g/t Au, 29 ppm Mo) over 1,010 metres; and 0.94% CuEq (0.46% Cu, 0.58 g/t Au, 13 ppm Mo) over 222 metres, within the wider interval of 0.73% CuEq (0.46% Cu 0.31 g/t Au, 43 ppm Mo) over 1,342.5 metres (Figures 1,2A&2B). Results from ATXD-11B confirm a new \"high-grade\" porphyry trend, the \"Western Trend\", on the Valeriano Project. The discovery of the Western Trend expands the mineralized corridor over 300 metres to the west of the Central High-Grade Trend and is open along strike for extension. ATXD-22 intersected 970 metres of 0.51% Copper Equivalent \"CuEq\" (0.38 % Cu, 0.10 g/t Au and 99 ppm Mo). Drill holes ATXD-23 and ATXD-24 are currently being drilled to the north and south of ATXD-11B to define and extend high-grade mineralization along the Western High-Grade Trend. \"Today's results from ATXD-11B are a step change in demonstrating the growing scale potential at Valeriano,\" stated Raymond Jannas, President, and CEO of ATEX. \"In a very short amount of time, we have moved from proof of concept, testing the Central High-Grade Trend with hole ATXD-17, to discovering a similar trend with hole ATXD-11B. We are excited to explore the potential size of the Western High-Grade Trend in holes ATXD-23 and 24 as part of a transformative Phase III drill program.\" Hole ID From To Interval (2) (3) Cu Au Mo CuEq(1) Length (metres) (metres) (metres) % g/t ppm % (metres) ATXD-11B 848.0 2,190.5 1,342.5 0.46 0.31 43 0.73 2,190.5 including 1,078.0 2,088.0 1,010.0 0.50 0.35 29 0.80 including 1,438.0 2,088.0 650.0 0.46 0.44 13 0.83 including 1,864.0 2,086.0 222.0 0.46 0.58 13 0.94 including 1,964.0 2,086.0 122.0 0.47 0.65 14 1.01 ATXD-22 630.0 1,600.0 970.0 0.38 0.10 99 0.51 1,712 including 1,016.0 1,128.0 112.0 0.57 0.14 212 0.77 and 1,426.0 1,568.0 142.0 0.40 0.11 55 0.51 1 The CuEq grade was ca...