Mar 13, 2023
ATEX Resources Inc. unleashes the potential of copper exploration in Latin America
- ATEX Resource Inc.’s flagship project is the Valeriano Copper Gold Porphyry, which hosts a major copper-gold porphyry system located in an emerging copper district
- The company is managed by a team of professionals with a record of significant South American discoveries
ATEX Resources Inc. (TSXV:ATX) is a Chilean-focused exploration company with the goal of discovering economically viable mineral deposits through a disciplined approach to exploration.
The company is exploring the Valeriano Copper Gold project which is located within the emerging copper-gold porphyry mineral belt linking the prolific El Indio High-Sulphidation Belt to the south with the Maricunga Gold Porphyry Belt to the north. This emerging belt informally referred to as the Link Belt, hosts a number of copper-gold porphyry deposits at various stages of development including, Filo del Sol, Josemaria, Los Helados, La Fortuna and El Encierro.
Valeriano hosts a large copper-gold porphyry deposit overlain by a near-surface oxidized epithermal gold deposit. In 2022, ATEX completed the company's first limited drill test of the copper-gold porphyry system which is now being followed up with a campaign of directional drilling to extend the high-grade trend, test new targets and expand the mineralized envelope.
The company recently announced results from drill hole ATXD-11A during Phase III of its drill campaign at the Valeriano Copper-Gold Project.
- ATXD-11A returned 1,270 metres grading 0.63 per cent Copper Equivalent “CuEq” (0.43 per cent Cu, 0.21 g/t Au, 52 ppm Mo) ending in mineralization at 2,130 metres
- Hole ATXD-11A ended in mineralized porphyry with the grade increasing over the final 30 metres, returning 0.73 CuEq (0.53 per cent Cu, 0.2 g/t Au, 19 ppm Mo)
One of this year’s TSX Venture 50 winners, ATEX is supported by shareholders with a long-standing track record of successful resource investment. Pierre Lassonde, co-founder of Franco-Nevada is the company’s single largest shareholder, followed by a resource-focused mutual fund.
Learn more about how ATEX Resources is defining a copper-gold giant in Chile here.
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The 2023 TSX Venture 50 is a ranking of top performers on TSX Venture Exchange over the last year. The ranking is composed of 10 companies from each of the five industry sectors and are selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume.
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