Atex Resources has reported significant new developments at its Valeriano copper-gold project in Chile, prompting a major expansion of its ongoing exploration activities. Recent assay results indicate the mineralized system is both larger and remains open in multiple directions beyond prior estimates.
Drilling Results Reveal Extended Mineralization
The company’s latest data, released March 16, confirms the B2B zone has been extended by 135 meters to the east. Drill hole ATXD34 was particularly noteworthy, intersecting 172 meters grading 0.80% copper equivalent. This high-grade section forms part of a much broader intercept of 834 meters averaging 0.66% copper equivalent.
Additional drilling to the southeast and north continues to demonstrate the open nature of the porphyry system. The currently defined mineralized corridor now spans approximately 1.8 kilometers north-south. Results from holes ATXD33 and ATXD30 support the interpretation that the limits of the mineralization have not yet been reached.
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Exploration Program Scaled Up
In response to these positive interim results, management has revised its operational targets. The original Phase VI program was planned for approximately 25,000 meters of drilling. With six rigs currently operating and 24,000 meters already completed, that target is nearly met. The company has now announced it will increase the scope of the current season to over 30,000 meters.
This aggressive expansion is a common strategy among junior exploration firms aiming to accurately define the geometry and grade of large porphyry systems prior to developing advanced resource models. By extending the program, Atex Resources is building the comprehensive data set required for the subsequent technical evaluations of the Valeriano project.
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