Phase IV Program Third Drill Hole Completed AT Valeriano Project

TORONTO – ATEX Resources Inc. reported on the ATXD32, the third drill hole completed in the Phase VI program, along with updated and complete results from ATXD26B at the Valeriano Copper-Gold Project in the Atacama Region of Chile. Six diamond rigs continue to operate at the Project and have completed 19,800 meters (m), representing 80% of the 25,000m Phase VI drill target. The drill program is tracking ahead of schedule; however, assay laboratory turnaround times have lengthened due to elevated seasonal industry demand. Results will be released as they become available.
ATXD32 intersected 56m of 2.36% copper equivalent (CuEq) (1.49% copper Cu, 0.78 g/t gold Au, 4.9 g/t silver Ag, 20.6 g/t molybdenum Mo), within a broader interval of 592m of 1.04% CuEq (0.69% Cu, 0.29 g/t Au, 1.6 g/t Ag, 105.5 g/t Mo) in the B2B Zone, extending the high-grade core of the B2B Zone by approximately 100m north along strike, where current drilling is testing further extensions. Final results for ATXD26B defined long high-grade intervals, intersecting 186m of 2.15% CuEq (1.33% Cu, 0.72 g/t Au, 4.0 g/t Ag, 80.8 g/t Mo) within a broader record interval of 887m of 1.06% CuEq (0.65% Cu, 0.35 g/t Au, 2.1 g/t Ag, 87.6 g/t Mo) from a depth of 763m.
Follow up drilling to the south of hole ATXD26B is targeting an extension of the B2B Zone in an area approximately 350m long by over 200m wide. The drilling is following up from hole ATXD28 drilled in Phase V, which intersected the periphery of this area and included 90m of 0.95% CuEq (0.71% Cu, 0.30 g/t Au, 1.4 g/t Ag, 80 g/t Mo) at elevations in line with the high-grade B2B Zone core.
“Results from hole ATXD32 represent another standout intercept in the B2B Zone extending the high-grade core by approximately 100 meters to the north and further validating the Valeriano Porphyry high-grade trend,” said Chris Beer, Interim CEO. “Together, ATXD32 and ATXD26B continue to meaningfully expand the B2B Zone, with additional drilling underway to test further extensions to the north and south. We are also encouraged by the additional information we can tie-in to these results with drilling from previous campaigns, notably hole ATXD28 from the Phase V program, an area that could provide significant growth for the B2B Zone. I am very proud of the ATEX team for driving Phase VI forward ahead of schedule and building on the strong momentum of previous campaigns.”