{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"ATEX Resources (TSXV:ATX) - Resource Update Coming After Exceptional Phase Five Drill Results","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/dbebb55d\"></iframe>","width":"100%","height":180,"duration":1064,"description":"Interview with Ben Pullinger, President & CEO of ATEX Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/atex-resources-tsxvatx-slated-growth-with-strategic-major-investment-on-large-copper-asset-6272Recording date: 4th March 2025ATEX Resources is making significant progress at its Valeriano Copper-Gold project in Chile, where its phase five drill program is delivering the best results to date. The company has evolved from focusing solely on a large porphyry resource to also emphasizing newly discovered high-grade breccia zones above the main deposit.These high-grade zones, which show consistent mineralization of 2% copper equivalent over 100-200 meter intervals, could contain 30-50 million tons of material representing $6-10 billion in in-situ value. Each ton of this material has an estimated gross value of $200, potentially generating around $100 per ton in margin after costs.A significant development for ATEX has been its partnership with Agnico Eagle, which brings financial stability and technical expertise. This partnership aligns with a growing industry trend toward consortium-based development of large copper projects, especially in Chile's emerging world-class copper district where companies like Teck, Newmont, Anglo Gold, and Freeport-McMoRan are active.ATEX is well-capitalized with approximately $50 million Canadian in cash and an additional $90 million in warrants, allowing for continued aggressive exploration. The company is planning a phase six drilling program to test additional targets identified through geophysical work.Geophysical surveys have identified multiple targets with signatures similar to the already-drilled high-grade zones. These signatures occur at the intersection of northeast and northwest structural features, with current interpretation suggesting there could be up to four or five high-grade breccia zones within the property.The upcoming resource update is expected to show significant growth from the 2023...","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}