Business
ATEX Resources Intersects 88 Metres of 1.03% CuEq Within 1,090 Metres of 0.81% CuEq Along High-Grade Porphyry Trend
Toronto, Ontario--(Newsfile Corp. - June 2, 2025) - ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce full assay results for dril
About this update from Atex Resources Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - June 2, 2025) - ATEX Resources Inc. (TSXV: ATX) (\"ATEX\" or the \"Company\") is pleased to announce full assay results for drill hole ATXD28, the sixth hole from its Phase V drill campaign at the Valeriano Copper-Gold Project (\"Valeriano\" or the \"Project\"), located in the Atacama Region, Chile. The Company is currently undertaking a staged shutdown of its Phase V drill program with remaining assay results expected to be released through July. The program's strategic objectives are to delineate the high-grade B2B breccia zone and conduct infill and extensional drilling along the high-grade porphyry trend, with the aim of supporting an updated Mineral Resource estimate anticipated for release in H2 2025. The Company plans to commence its Phase VI drill program as early as September and release an updated Mineral Resource Estimate thereafter. To date, ATEX has completed approximately 16,600 metres of drilling in the Phase V program. Highlights include: ATXD28 targeting the high-grade component of Valeriano Porphyry intersected 88 metres ('m') grading 1.03% copper equivalent ('CuEq') (0.78% Cu, 0.35 g/t Au, 2.4 g/t Ag, 18 g/t Mo) and 281m of 0.93% CuEq (0.55% Cu, 0.53 g/t Au, 3.3 g/t Ag, 4 g/t Mo) within a broader interval of 1,090m of 0.81% CuEq (0.56% Cu, 0.32 g/t Au, 1.8 g/t Ag, 57 g/t Mo) from 834m downhole. ATXD28 drilled 160m north of high-grade porphyry drill hole VALDD13-014 (272m of 0.93% CuEq (0.72% Cu, 0.28 g/t Au, 1.52 g/t Ag, 21 g/t Moi)) and 170m north of drill hole ATXD24 (670m of 0.84% CuEq (0.60% Cu, 0.24 g/t Au, 101 ppm Moii)). Visual details are provided in Figure 2. The broader intercept of 1,090m at 0.81% CuEq (0.56% Cu, 0.32 g/t Au, 1.8 g/t Ag, 57 g/t Mo) highlights another significant and continuous well-mineralized interval consistent with our expectation of the Valeriano Porphyry system. ATXD28 demonstrates further continuity within the high-grade porphyry trend in an area untested in previous exploration programs. The high-grade porphyry trend remains open along strike to the southeast and northwest. \"The Phase V drill program continues to deliver impressive results, advancing the Project across multiple fronts,\" stated Ben Pullinger, President and CEO of ATEX. \"The continuity demonstrated by this hole along the high-grade porphyry trend enhances confidence in th...