Atex Resources Inc. Reports Promising Drilling Results at Valeriano Copper-Gold Project
- Atex Resources Inc. reports significant drilling results at the Valeriano Copper-Gold Project, highlighting its potential in the mining sector.
- The Phase V drilling campaign has completed nine holes, aiming to expand the mineralization footprint, with updates expected later this year.
- Atex’s Valeriano project has an inferred resource of 1.41 billion tonnes, with high metal recoveries and further exploration potential.
Atex Resources Inc. Advances Valeriano Copper-Gold Project with Promising Drilling Results
Atex Resources Inc. announces significant advancements in its Phase V drilling campaign at the Valeriano Copper-Gold Project in Chile, underscoring the project's potential as a major player in the copper-gold sector. The latest drilling efforts have yielded impressive results, particularly drill hole ATXD29A, which intersects 104 metres of 1.06% copper equivalent (CuEq) within a broader interval of 568 metres averaging 0.86% CuEq. According to President and CEO Ben Pullinger, these findings accentuate the high-grade mineralization potential at Valeriano, further solidifying its importance in the Americas' mining landscape.
The Phase V program encompasses approximately 16,600 metres of directional diamond drilling, with nine holes completed and several partial holes expected to be finalized in Phase VI, set to begin in September 2025. This extensive exploration is aimed at delineating the B2B Zone and other high-grade targets while expanding the mineralization footprint. Atex employs innovative drilling techniques that have saved around 9,200 metres compared to traditional methods, resulting in enhanced drilling efficiency. The company anticipates releasing updated mineral resource estimates later this year, bolstered by positive shareholder engagement through warrant exercises.
Atex's ongoing efforts highlight the Valeriano project's promising characteristics, with an inferred mineral resource of 1.41 billion tonnes and a CuEq grade of 0.67% as of 2023. Notably, the project has demonstrated excellent metal recoveries—95% for copper and 97% for gold—producing a clean, marketable concentrate. The mineralization remains open in all directions, indicating potential for further discoveries. As the project is strategically positioned on the Porphyry Superhighway in the Huasco Province, it has attracted significant investment, including a C$55 million commitment from Agnico Eagle Mines.
In addition to the compelling drilling results, Atex Resources continues to manage expectations regarding the remaining assay results for three additional drill holes (ATXD25C, 27B, and 28A), which are anticipated in the coming weeks. The company’s commitment to exploring high-grade mineralization at Valeriano positions it as a key player in the copper-gold mining sector, as it seeks to leverage its innovative drilling techniques and strategic partnerships to maximize resource recovery and project development.
