- ATEX Resources reports significant drilling results from the Valeriano Copper-Gold Project in Chile's Atacama Region.
- Drill hole ATXD29A intersects 36m of 3.05% CuEq within a broader interval of 536m at 1.04% CuEq.
- Phase VI of drilling to commence in September, with an updated Mineral Resource Estimate expected in H2 2025.
ATEX Resources Inc. (ATX) has announced notable results from its Valeriano Copper-Gold Project, located in Chile's Atacama Region. In the recent exploration, drill hole ATXD29A intersected a high-grade section of 36 metres (m) at 3.05% copper equivalent (CuEq). This interval is part of a larger 536m stretch grading at 1.04% CuEq, showcasing significant mineralization.
The B2B Zone, part of the project, has demonstrated consistent high-grade copper-gold mineralization over an area of approximately 300 meters along strike. This finding confirms the continuity and consistency of mineralization within the core area of the zone, which is about 100-200 meters wide and more than 300 meters high.
ATEX has completed approximately 16,600 meters of drilling in the Phase V program, using directional drilling techniques that have saved around 9,200 meters compared to traditional methods. As the company wraps up this phase, results from five additional holes are still pending.
Looking ahead, ATEX plans to commence Phase VI of drilling in September. This phase aims to further define the geometry of the B2B Zone, explore high-grade breccia targets to the north, and test new regional targets. The company anticipates releasing an updated Mineral Resource Estimate in the second half of 2025, which will incorporate findings from the ongoing projects.
President and CEO of ATEX, Ben Pullinger, expressed optimism about the results, highlighting the potential for additional discoveries as exploration efforts advance. The continuous high-grade results reinforce the project's growth potential and contribute positively to the forthcoming Mineral Resource Estimate.
