ATEX Intersects 146 Meters of 2.00% CuEq at B2B Zone with over 600 Meters of Results Still Pending
ATEX Validates High-Grade Core as Phase VI Drilling Hits 2.0% Copper Equivalent, Bolstered by C$110M Cash Position
The most recent news release (December 18, 2025) provides initial assay results from the Phase VI drill program at the Valeriano Copper-Gold Project in Chile. Key highlights include: - Hole ATXD26B intersected 146 meters of 2.00% CuEq (1.30% Cu, 0.67 g/t Au) within a broader 224-meter interval of 1.52% CuEq. - Significantly, over 600 meters of results for ATXD26B are still pending, as only the upper portion of the B2B Zone was reported. - Hole ATXD25C (full results) returned 584 meters of 1.27% CuEq, including a high-grade core of 164 meters at 2.77% CuEq. - Operationally, the company is ahead of schedule, having completed 12,550 meters of the planned 25,000-meter program with six rigs active.
This news is materially positive for several reasons: - Grade Superiority: The reported grades (2.00% and 2.77% CuEq) significantly exceed the average grade of the September 2025 Mineral Resource Estimate (MRE), which stands at 0.88% CuEq for Indicated and 0.75% CuEq for Inferred resources. - Resource Growth: The results extend the B2B Zone down-dip by approximately 100 meters, suggesting the potential for a material increase in high-grade tonnage in the next resource update. - Execution De-risking: Being "ahead of schedule" on a 25,000-meter program reduces the risk of seasonal delays and suggests efficient management of the C$110 million raised in November. - Pending Catalysts: With 600 meters of hole 26B pending and 6,500 meters of samples already at the lab, a steady stream of high-grade news is expected through Q1 2026.
ATEX Resources is a Canadian mineral exploration company focused on the Valeriano Copper-Gold Project in the Atacama Region, Chile. - Flagship Project: Valeriano is located in the "Link Belt" between the El Indio and Maricunga belts. - Scale: 1.41 billion tonnes at 0.67% CuEq (2023 MRE), recently updated in Sept 2025 to 1.98 billion tonnes across all categories. - Ownership: ATEX achieved 100% ownership in December 2024. - Stage: Advanced exploration/Resource definition.