{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"ATEX Resources (TSXV:ATX) - Rapidly Advancing New Copper-Gold Discovery","html":"","width":"100%","height":180,"duration":836,"description":"Interview with Ben Pullinger, President & CEO of ATEX Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/atex-resources-tsxvatx-unlocking-value-in-a-world-class-copper-discovery-5124 Recording date: 4th June 2024ATEX Resources (TSXV:ATX) is a junior mining company that is quickly establishing its Valeriano project as one of the most exciting new copper-gold discoveries in Chile. Located in the prolific Atacama region, Valeriano is shaping up to be a large, multi-billion ton porphyry system with attractive grades and robust economics.Over the past three years, ATEX has rapidly advanced Valeriano through systematic exploration. The company's Phase 4 drill program, which wrapped up in early 2024, delivered significant growth in the resource and demonstrated the potential for a long-life, low-cost mining operation.Highlights from Phase 4 include multiple high-grade intercepts, such as 68m of 2.02% copper equivalent (CuEq) and 112m of 1.43% CuEq in hole with continuous mineralization over an entire length (Hole ATXD25A). These results allowed ATEX to outline a high-grade core that measures 200-300m wide, 600-700m long, and remains open in multiple directions.This high-grade zone sits within a larger mineralized envelope that now measures 1.2km long, 500m wide and 700m deep. ATEX estimates this envelope could contain close to a billion tons of mineralization, with an additional 2-3 tons of mineralized wall rock for every ton of high-grade diorite.The growing resource at Valeriano is matched by outstanding metallurgy, with recent test work showing recoveries of 94-95% for both copper and gold. This combination of scale, grade and recoverability gives Valeriano the potential to become a Tier 1 copper asset, with a long mine life and low operating costs.To realize Valeriano's full potential, ATEX is now looking to bring in a strategic partner and raise additional funds to accelerate resource growth. The company is targeting five drill rigs on the...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}