ATEX Resources Inc. Announces the Remaining Assay Results for Drill Hole ATXD29A, and Assay Results for ATXD25B and ATXD22D

Published: 2025-07-08 08:51:24 ET ATX.V

Published on 07/08/2025 at 08:51

ATEX Resources Inc. announced the remaining assay results for drill hole ATXD29A, and assay results for ATXD25B and ATXD22D, representing the ninth and tenth drill holes from its Phase V drill campaign at the Valeriano Copper-Gold Project ("Valeriano" or the "Project"), located in the Atacama Region, Chile. Phase V Update - Pending Assay Results from Three Drill Holes. Approximately 16,600 metres of directional diamond drilling has been completed during the Phase V program, including nine completed holes (ATXD16B, 22C, 23A, 23B, 25A, 25B, 27A, 28, and 29) and five partial holes (ATXD22D, 25C, 27B, 28A, and 29A) that will be completed as part of the Phase VI program.

Results from the three remaining unreported drill holes (ATXD25C, 27B, 28 A) will be announced over the coming weeks. Using directional drilling techniques, ATEX has saved approximately 9,200m of drilling compared to conventional drilling methods enhancing the overall effectiveness of the program. Following the record setting results achieved in Phase V on the Valeriano Project, Phase VI is anticipated to commence in September.

Recoveries for these metals as assumed in the NI 43-101 technical report titled: "Independent Technical Report for the Valeriano Copper- Gold Project, Atacama Region, Chile" with an effective date of September 1, 2023, available at 90% Cu, 70% Au, 80% Ag and 60% Mo. (2) CuEq reported assuming metal prices of USD 1,800/oz Au, USD 3.15/lb Cu, USD 23/oz Ag, and USD 20.00/lb Mo. ATXD22D, ATXD25B andATXD29A were composited at a cut-off of 0.3% CuEq.

Phase V Drill Results and Three Holes Remaining with Pending Assay Results. ATXD22D (paused at 1,916m) is a daughter hole from ATXD22C and is designed to test Early Porphyry mineralization on nominal 150m centres as part of the infill program. Assay results are pending.

Phase V Drill Results and three Holes Remaining with P ending Assay Results. ATX D22D (paused at1,916m) is a child hole from ATXD22A (paused at 1,918m) is a daughter hole of ATXD28 and is designed to test Early porphyry mineralization on nominal150m centres as part of the Infill program. Assay results is pending.

Assay results are pending; Detailed Results with Metallurgical Recoveries for Phase V Drill Holes to Date.