ATEX Reports Final Phase VI Assays Extending B2B Breccia Approximately 200m South in Hole ATXD19A; ATXD19B Ended in 37m of 1.72% CuEq
ATEX Final Phase VI assays extend the B2B deposit south to approximately 600 metres without identifying new high-grade bonanza zones.
ATEX Resources Inc. (ATX) has released the final assay batch from Phase VI at its Valeriano copper-gold-molybdenum porphyry/breccia system in Chile. The company reports that the B2B strike length is now approximately 600 m, with limits better defined to the north and east. New porphyry vectors were identified more than 400 m north of B2B.
Key reported intervals include:
- ATXD19A: 64 m of 1.01% CuEq within 228 m of 0.84% CuEq from 828 m; also 246 m of 0.67% CuEq including 52 m of 1.03% CuEq.
- ATXD19B: 37 m of 1.72% CuEq within 446 m of 0.74% CuEq from 1,287 m; hole ended in mineralization.
- ATXD25E: 20 m of 1.70% CuEq within 66 m of 1.30% CuEq; separately 294 m of 1.05% CuEq within 884 m of 0.79% CuEq from 1,210 m.
- ATXD31B: 10 m of 2.22% CuEq within 118 m of 0.87% CuEq; separately 543 m of 0.82% CuEq from 1,303 m; and 30 m of 0.78% CuEq.
- ATXD31C: 48 m of 1.16% CuEq within 528 m of 0.75% CuEq from 1,320 m.
- ATXD37: 42 m of 0.50% CuEq and 54 m of 0.35% CuEq.
- ATXD39A: 36 m of 0.39% CuEq.
Holes ATXD30 and ATXD36 returned no significant intervals at the 0.3% CuEq cutoff.
ATEX Resources Inc. (ATX) has released its final Phase VI drilling results, which primarily consisted of step-out and geometry definition work. The company currently holds an existing resource of 475 Mt indicated and 1,511 Mt inferred. The latest release did not include a new bonanza-grade B2B intercept; the highest new high-grade results were 10 m at 2.22% CuEq and 37 m at 1.72% CuEq. The strongest full-hole result came from hole ATXD25E, which returned a long 0.79% CuEq interval.
The stock rose from approximately C$2.20 in September 2025 to C$4.38 in February 2026 following high-grade B2B hits, before giving back most of those gains to bottom at C$2.19 in July 2026. The share price recovered to C$2.83 by late August. Because the current price does not price in a repetition of the 4-5% CuEq bonana hits, the final Phase VI batch was not expected to clear that specific bar. The results confirm the scale of the B2B deposit, add a long porphyry intercept, and generate follow-up targets for Phase VII.
ATEX Resources Inc. (ATX) is a Canadian mineral exploration company focused on its flagship Valeriano copper-gold project in Chile’s Atacama Region. The deposit is characterized as a large porphyry Cu-Au-Mo system featuring a high-grade B2B breccia zone.
According to the company’s investor presentation, the current resource estimate includes:
- Indicated: 475 Mt at 0.88% CuEq, containing about 3.82 Mt copper and 3.8 moz gold.
- Inferred: 1,511 Mt at 0.75% CuEq, containing about 9.90 Mt copper and 9.9 moz gold.
- Total contained metal is about 14.25 Mt copper and 14.2 moz gold equivalent in all categories.
Financial data from the Q1 2026 report shows the company holds approximately C$155.6 million in cash with no debt and a working capital of about C$148.9 million. As a pre-revenue, exploration-stage entity, ATEX is funded by equity. The company recently completed Phase VI, which totaled about 28,400 m, and plans to begin Phase VII in late September 2026.