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ATEX Resources Intersects 0.84% CuEq over 670 Metres Widening the Central High-Grade Trend in the Last Drill Hole of Phase III Program
Toronto, Ontario--(Newsfile Corp. - July 13, 2023) - ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce partial assay results for
About this update from Atex Resources Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - July 13, 2023) - ATEX Resources Inc. (TSXV: ATX) (\"ATEX\" or the \"Company\") is pleased to announce partial assay results for drill holes ATXD-24 and ATXD-22B, the last two holes, from its Phase III drill campaign at the Valeriano Copper-Gold Project (\"Valeriano\" or the \"Project\") located in Atacama Region, Chile. Highlights include: ATXD-24 intersected 670 metres of 0.84% Copper Equivalent \"CuEq\" (0.60% Cu, 0.24 g/t Au & 101 ppm Mo) including, 312 metres of 1.00% CuEq (0.50% Cu, 0.37 g/t Au and 11 ppm Mo), in Early Porphyry within the Central Trend, from 1,530 metres to where the hole was paused at a depth of 1,842.4 metres at the end of the drill season (Figure 1). The high-grade, Early Porphyry was intersected earlier in the hole than anticipated, widening the Central Trend by approximately 70 metres to the west. ATXD-24 was planned to reach 2,200 metres in depth and will be completed as part of the Phase IV drill program. ATXD-22B intersected 947 metres of 0.64% CuEq (0.49% Cu, 0.15 g/t Au and 74 ppm Mo) in mineralized rock milled breccia \"RMB\" from 668 metres to the bottom of the hole at 1,615 metres. ATXD-22B ended in mineralization and with the grade improving towards the bottom of the hole. The hole was planned to reach a depth of 2,100 metres and will be completed as part of the Phase IV program. \"This is a great way to finish the Phase III program and has us excited to restart drilling in the fall and continue where we left off with Phase III,\" stated Raymond Jannas, President, and CEO of ATEX. \"Hole ATXD-24 is a very significant hole as it intersected Early Porphyry further west than anticipated demonstrating that the Central Trend is wider than anticipated in this area. We look forward to completing this hole in the fall and are especially excited to follow up and test the continuity of this wider part of the Central Trend.\" Table 1. ATXD-24 and ATXD-22B Results Hole ID From To Interval (2) (3) Cu Au Mo CuEq(1) (metres) (metres) (metres) % g/t ppm % ATXD-24* 1,173.0 1,842.4 670.0 0.60 0.24 101 0.84 incl. 1,173.0 1,530.0 357.0 0.50 0.18 121 0.70 incl. 1,530.0 1,842.4 312.4 0.73 0.30 77 1.00 ATXD-22B* 668.0 1,615.1 947.1 0.49 0.15 74 0.64 The CuEq grade was calculated using a copper price of $2.60/lb, gold price of $1,450/oz and molybdenum price of $11.00/lb (all p...