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ATEX Resources Phase II Valeriano Drilling Returns 1,160 Metres of 0.78% CuEq
Including 550 Metres of 1.03% CuEq Toronto, Ontario--(Newsfile Corp. - June 13, 2022) - ATEX Resources Inc. (TSXV: ATX) ("ATEX") is pleased to announce drill re
About this update from Atex Resources Inc.
[{"type":"text","content":" Including 550 Metres of 1.03% CuEq Toronto, Ontario--(Newsfile Corp. - June 13, 2022) - ATEX Resources Inc. (TSXV: ATX) (\"ATEX\") is pleased to announce drill results from the recently completed Phase II exploration program at its Valeriano Copper Gold Porphyry Project (\"Valeriano\" or the \"Project\") located in Atacama Region, Chile (Figure 1, attached). Highlights include: 1,160 metres grading 0.78% copper equivalent (\"CuEq\") (0.53% Cu, 0.28 g/t Au and 70 ppm Mo) from ATXD-17 including 550 metres of 1.03% CuEq (0.69% Cu, 0.39 g/t Au and 70 ppm Mo). See figures 2 & 3, attached. ATXD-17, located 200 metres southwest of VALDD-14 (1,194m @ 0.73% CuEq), is the first hole drilled by ATEX to test copper gold porphyry mineralization. Confirmed presence and continuity of a high grade, +1.0% CuEq, core over 200 metres from ATXD-17 to VALDD-14 (272 metres of 1.00% CuEq). Drill results represent a major expansion of the porphyry mineralization to the northeast and southwest outlining an 850 by 800 metre envelope of copper gold mineralization which remains open. ATXD-19, lost short of its target, returned 647 metres of 0.65% CuEq (0.50% Cu, 0.15 g/t Au & 60 ppm Mo) ending in strong porphyry mineralization. Confirmed +0.4% CuEq porphyry mineralization with a vertical extent of over 1 kilometer in multiple drill holes. \"Hole ATXD-17 is the most impressive hole drilled to date at Valeriano. These results represent a giant leap forward in the progression of the Valeriano Project,\" stated Raymond Jannas President and CEO of ATEX. \"The results clearly establish that a very large Andean mineralized porphyry system exists at Valeranio and affirms our belief that the Project has potential to host the next major Chilean porphyry deposit. Further, hole ATXD-17, apart from returning the best intersection drilled on the Project to date, confirmed the presence of a significant high-grade core to the Valeriano deposit with the intersection of 550 metres of 1.03% CuEq. We are very much looking forward to commencing a larger Phase III drill program that will evaluate the extension of the high-grade core zone as well as continue to define Valeriano's size potential.\" Summary of Phase II Drill Assay Results1 Hole ID From To Interval2 Cu Au Mo CuEq. Hole Length (metres) (metres) (metres) (%) (g/t) (ppm) (%) (metres) ATXD-17 802 1,962 1,160 0...