ATEX Resources : Valeriano Project Update - May 2025
ATX.V
Published on 05/05/2025 at 15:04
VALERIANO COPPER-GOLD PROJECT
A Giant Discovery in a Globally Strategic District in Chile
May 2025 TSXV: ATX
A Unique Investment Opportunity
Significant and growing Mineral Resource with previously reported 2023 Inferred Resource of 1.41 billion tonnes of Cu-Au grading 0.67% CuEq1 (Phases IV & V not included)
Phase V drill program has already delivered the highest-grade intersections to date,
which should support a meaningful Mineral Resource update in H2 2025
B2B zone holes ATXD23A (152m grading >2% CuEq)2 and ATXD26 (68m grading >2% CuEq)3 present
optionality and a conceptual high-grade underground starter mine closer to surface
Metallurgical test work supports recoveries of up to 95% Cu / 97% Au at a coarser grind, producing a clean marketable concentrate with negligible deleterious elements
Scalability of mineralization currently tested over an area <1.4 km along strike, and1 km wide, and open in all directions
100% in Chile, district still largely untested with additional porphyries likely in hiding
Agnico Eagle Mines is the largest cornerstone investor investing C$55 million
Refer to supplementary slides at the end of the presentation for additional details.
ATXD26 intersected 68m grading 2.02% CuEq (1.39% Cu, 0.6 g/t Au, 3.81 g/t Ag and 473 g/t Mo). See news release dated May 15, 2024.
ATXD23A intersected 152.0 metres of 2.03% CuEq (1.52% Cu, 0.75 g/t Au, 0.83 g/t Ag and 40.93 g/t Mo). See news release dated January 23, 2025.
VALERIANO COPPER-GOLD PROJECT: Copper for a Sustainable Future
TSXV: ATX 3
Chilean Explorer Advancing a Rare Copper Deposit
ATEX owns a 100% interest in the Valeriano Project, earn-in completed on December 19, 2024, ahead of schedule
Board and Management has a strong track record of contributing to significant South American discoveries
Achieving success in a short timeframe, from geological curiosity in 2022 to a globally ranked porphyry copper deposit today
Currently live on Phase V drill program (fourth program targeting the early porphyry) utilizing directional drilling
Phase IV-V delivering the highest-grade intersections to date demonstrating scalability and optionality for potential future development
Valeriano system remains open in multiple directions with the
limits of mineralization still unknown
VALERIANO COPPER-GOLD PROJECT: Copper for a Sustainable Future
TSXV: ATX
Valeriano is on the Porphyry Superhighway
Copiapó
Lundin / JX Metals
Valeriano project is located in the Huasco Province within the Atacama Region of
PERU
CASERONES
NGEx
NGEx
VICUÑA
northern Chile, ~151 km southeast of Vallenar
SOUTHERN PERU
Huasco
Vallenar
Teck / Newmont
RELINCHO
LUNAHUASI
LOS HELADOS
Lundin / BHP
JOSEMARIA
Future of Chilean mining projects is
collaboration and strategic alliances:
CHILE
BOLIVIA
Fuerte Metals
EL COFRE
Fuerte Metals
CERRO PLACETON
Lundin / BHP
FILO DEL SOL
NUEVA-
Codelco and Anglo American form 50/50 JV to operate Andina and Los Bronces
BHP and Lundin form Vicuña District JV
Codelco acquires 10% stake in Teck's Quebrada Blanca mine
Collahausi, Escondida, Los Pelambres operate under a consortium model
COLLAHUASI
Hot Chili
COSTA FUEGO
Huasco
Hot Chili
CORTADERA
Teck / Newmont
LA FORTUNA / EL MORRO
UNIÓN
(Anglo / Glencore / Japanese consortium)
CHUQUICAMATA
DOS AMIGOS
Barrick
PACHUY CHOLLAY
Barrick
EL ENCIERRO
VALERIANO
Orvana
TAGUAS
Easy Access
201 km by road SE of the Port of Huasco
346 km by road NE of the Port of La Serena
ESCONDIDA
(BHP / Rio / JECO)
LOS PELAMBRES
(Antofagasta / Japanese
consortium)
EL TENIENTE
(Codelco)
VICUÑA
EL ENCIERRO
VALERIANO
ANDINA (Codelco)
LOS BRONCES
(Anglo / Codelco /
La Serena
Teck
ANDACOLLO
Elqui
PASCUA LAMA
Barrick
VELADERO
EL INDIO
Adjacent El Encierro project in a similar geological setting and indicates the potential for a larger porphyry cluster
230 km by road from Copiapo
(Codelco)
CHILE
Mitsui / Mitsubishi) ARGENTINA
Mine
Emerging District
Advanced Exploration
Copper District
Exploration
VALERIANO COPPER-GOLD PROJECT: Copper for a Sustainable Future
TSXV: ATX 5
Disclaimer
ATEX Resources Inc. published this content on May 05, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 05, 2025 at 18:54 UTC.