Six Rigs Operating At The Valeriano Target

TORONTO – ATEX Resources Inc. reported on exploration plans for Phase VI, the Company’s largest program to date at the Valeriano Project located in Atacama Region, Chile. The Phase VI program includes 25,000 meters of high impact, cost effective exploration utilizing directional diamond drilling. The main objectives for Phase VI will be to continue defining and growing the high-grade B2B Zone, to systematically test new B2B analogous targets to the north and south of the currently defined system and to continue to grow the porphyry system limits which are yet to be defined.
“Phase V materially advanced our knowledge of Valeriano, delivering the highest-grade and most significant drill results in Valeriano’s history”, Ben Pullinger, President and CEO, stated. “The program confirmed and extended the high-grade B2B Zone, extended the high-grade porphyry trend within the broader system and expanded the mineralized footprint culminating in an updated Mineral Resource statement, establishing Valeriano as the largest copper discovery in Chile in a decade. On the back of this announcement and commencing earlier compared to previous years, Phase VI will build on this success seeking to grow and better define the B2B Zone, systematically testing additional targets for new high-grade B2B-like discoveries and continue to expand the limits of the Valeriano Porphyry system. At the same time, we are undertaking engineering, hydrology and permitting work to de-risk the project and support the transition toward future development. ATEX looks forward to keeping the market informed as Phase VI progresses and initial drill results are released.”