ATEX Intersects 104 Metres of 1.06% CuEq Within 568 Metres of 0.86% CuEq, Extending High-Grade Porphyry Trend at Valeriano
ATEX Intersects 104 Metres of 1.06% CuEq
Within 568 Metres of 0.86% CuEq, Extending
High-Grade Porphyry Trend at Valeriano
Toronto, Ontario--(Newsfile Corp. - July 8, 2025) -
ATEX Resources Inc. (TSXV: ATX)
("
ATEX
" or the
"
Company
") is pleased to announce 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. Results from the remaining three drill holes are expected to be released in the coming
weeks.
Highlights include:
ATXD29A
, intersected Early Porphyry, below the previously reported B2B interval, hitting
104
metres (
"
m
"
) of 1.06% copper equivalent (
"
CuEq
"
)
(0.65% Cu, 0.59 g/t Au, 3.0 g/t Ag, 5 g/t Mo)
within a broader interval of
568m of 0.86% CuEq
(0.55% Cu, 0.43 g/t Au, 2.5 g/t Ag and 7 g/t Mo)
starting at 1,366m downhole.
The high-grade trend remains open to the north-northwest and represents an opportunity for
further extension in Phase VI.
ATXD25B
, intersected
199m grading 0.71% CuEq
(0.51% Cu, 0.27 g/t Au, 1.9 g/t Ag, 8 g/t Mo)
within a broader interval of
539m of 0.59% CuEq
(0.45% Cu, 0.16 g/t Au, 1.1 g/t Ag, 51 g/t Mo)
from 1,298m downhole where it targeted the northern most extent of the Valeriano Porphyry
.
From 1,337m downhole it intersected mineralized potassic alteration with chalcopyrite and
bornite where it ultimately deviated beyond target parameters and was stopped short of the
planned length.
ATXD22D
intersected
132m of 0.84% CuEq
(0.63% Cu, 0.18 g/t Au, 0.9 g/t Ag, 207 g/t Mo) from
948m downhole, and
210m of
0.75% CuEq
(0.55% Cu, 0.21 g/t Au, 1.0 g/t Ag and 119 g/t Mo)
from 1,304m downhole. Both intervals are included within a broader interval of
942m of 0.66%
CuEq
(0.50% Cu, 0.17 g/t Au, 1.0 g/t Ag and 88 g/t Mo) starting at 878m downhole.
ATXD22D is an infill hole within the existing porphyry footprint targeting an under-drilled area
located 215m east of high-grade hole VALDD13-014 (272m of 0.93% CuEq (0.72% Cu, 0.28
g/t Au, 1.52 g/t Ag, 21 g/t Mo
i
) and 240m east of hole ATXD24 ((670m of 0.81% CuEq (0.60%
Cu, 0.24 g/t Au, 101 ppm Mo
ii
) including 312.4m of 0.94% CuEq (0.73% Cu, 0.30 g/t Au, 77
ppm Mo)).
ATEX is also pleased to announce it has received CAD$9.75 million in total proceeds from the
exercise of 7.5 million common share purchase warrants ("
Warrants
") priced at $1.30. The 7.5
million Warrants exercised represents 50% of the Warrants expiring on July 11, 2025. The
conversion of the remaining 7.5 million Warrants would add a further CAD$9.75 million to the
Company's treasury.
Ben Pullinger, President and CEO, commented: "These latest results continue to demonstrate the
scale and continuity of the high-grade porphyry corridor at Valeriano, while further extending
mineralization to the north. Hole ATXD29A returned some of the best grades we've seen in this
program and confirms the strength of the system beyond the previously drilled limits. As we reflect on
a very successful Phase V campaign and look ahead to an updated Mineral Resource
announcement and Phase VI commencement later this year, Valeriano is quickly emerging as one of
the most significant undeveloped copper-gold projects in the Americas. We also extend our sincere
appreciation to our shareholders for exercising their warrants and demonstrating continued
confidence in the Company."
Phase V Update – Pending Assay Results from Three Drill Holes
ATEX's exploration objectives for Phase V were focused on three priorities:
1
.
B2B Breccia Zone
– a high-grade breccia body with copper-gold mineralization, situated
approximately 600 metres above the high-grade porphyry corridor. This zone is currently being
delineated for geometry and scale.
2
.
High-Grade Porphyry Corridor
– a continuous high-grade (>1% CuEq) trend of bornite and
chalcopyrite-bearing mineralization within the Porphyry footprint measuring approximately 1,000m
along strike, and remains open to the north-northwest.
3
.
Broader Porphyry Footprint
– testing the large mineralized system encompassing both Early
and Inter-mineral porphyry phases, tested through infill and step-out drilling with limits still not
known.
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, 28A) will be
announced over the coming weeks (Table 3). 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. This program will aim to further define the geometry and scale
of the B2B Zone and other high-grade breccia targets to the north of the current exploration area while
also testing new regional targets and continuing to define and expand the Valeriano system (Figures 1 &
2).
Table 1 - Summary Results for ATXD22D & ATXD25B and Updated Partial Results for
ATXD29A
Hole ID
(3),(4)
From
To
Interval
Cu
Au
Ag
Mo
CuEq %
MRS
(1,2)
(m)
(m)
(m)
(%)
(g/t)
(g/t)
(g/t)
ATXD22D
878
1,820
942
0.50
0.17
1.0
88
0.66
Incl.
948
1,080
132
0.63
0.18
0.9
207
0.84
Incl.
1,304
1,514
210
0.55
0.21
1.0
119
0.75
ATXD25B
1,298
1,837
539
0.45
0.16
1.1
51
0.59
Incl.
1,638
1,837
199
0.51
0.27
1.9
8
0.71
ATXD29A
732
1,934
1,202
0.61
0.33
2.0
104
0.89
Incl.
732
1,268
536
iii
0.75
0.28
1.7
225
1.04
Incl.
1,052
1,232
180
1.23
0.53
2.9
327
1.74
Incl.
1,106
1,232
126
1.47
0.67
3.7
252
2.04
Incl.
1,124
1,160
36
2.10
1.02
6.2
542
3.05
Incl.
1,366
1,934
568
0.55
0.43
2.5
7
0.86
Incl.
1,388
1,528
140
0.65
0.46
2.4
10
0.98
Incl.
1,668
1,772
104
0.65
0.59
3.0
5
1.06
(1) CuEq calculated using recoveries assumed in 2023 MRE (90% Cu, 70% Au, 80% Ag and 60% Mo). See Company news dated September 12,
2023) using the formula stated below:
Copper Equivalent (CuEq) is calculated using the formula CuEq % = Cu % + (6,481.488523 * Au g/t /10,000) + (94.6503085864 * Ag g/t /10,000) +
(4.2328042328 * Mo g/t /10,000) *CuEq values reported in historical releases use metals reported in situ (100% basis). 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
www.sedarplus.ca
and
www.atexresources.com
are 90% Cu, 70% Au, 80% Ag and
60% Mo.
(2) CuEq reported assuming metal prices of US$1,800 /oz Au, US$3.15 /lb Cu, US$23 /oz Ag, and US$20.00 /lb Mo.
(3) ATXD22D, ATXD25B and ATXD29A were composited at a cut-off of 0.3% CuEq. ATXD22D had a maximum internal dilution of 14m. ATXD25B had
0m of internal dilution. ATXD29A had a maximum internal dilution of 86m (732m to 1,934m) an internal dilution of 4m (732m to 1,268m) and an internal
dilution of 4m (1,366m to 1,934m).
(4) True width of mineralized intersection not known at this stage.
Figure 1. Long-Section of B2B Zone and Valeriano Porphyry
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6303/258033_fc9e6e562433b9b1_001full.jpg
Figure 2. Plan Map of High-Grade Porphyry Trend & B2B Breccia
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6303/258033_fc9e6e562433b9b1_002full.jpg
Phase V Drill Results and Three Holes Remaining with Pending Assay Results
A discussion of holes ATXD29A, ATXD25B and ATXD22D is provided below along with an overview of
completed drill holes, as well as those being drilled up until the Phase V demobilization.
B2B Zone Exploration
ATXD27B
(paused at 1,632m) is the second daughter hole from ATXD27. The hole was
suspended in mineralized wall rock and was targeting the B2B Zone 150m to the northeast of the
high-grade breccia intersected in ATXD26 and ATXD23A. The hole will be completed as part of
Phase VI.
Assay results are pending
.
ATXD25C
(paused at 1,566m) is a daughter hole from ATXD25A designed to test the potential
link between the B2B breccia and the high-grade bornite zone intersected in ATXD25A.
Assay
results are pending
.
Valeriano Porphyry Exploration
ATXD29A
(paused at 1,934 metres) is a daughter hole from ATXD29 and was targeting the B2B
breccia approximately 100m up dip from the intersections drilled in ATXD26 and ATXD23A.
Partial hole results were disclosed on June 9, 2025
iv
in the B2B Zone, and the outstanding
intervals in the Valeriano Porphyry have since been received and are detailed below.
The 104m (from 1,668m to 1,772m) interval of 1.06% CuEq (0.65% Cu, 0.59 g/t Au, 3.0 g/t Ag,
5 g/t Mo) intersected bornite-chalcopyrite mineralized Early Porphyry showing continuity in the
high-grade trend of mineralized porphyry to the north.
The high-grade trend remains open to the north-northwest and represents an opportunity to
further extend porphyry high-grade mineralization in Phase VI.
ATXD25B
(completed at 1,837m) is the second daughter hole from ATXD25A located 250m
above and following up on ATXD25A. The hole was designed to test mineralized intersections up-
dip and intersected well-mineralized host rock above ATXD25A.
ATXD25B intersected 199m of 0.71% CuEq (0.51% Cu, 0.27 g/t Au, 1.9 g/t Ag, 8 g/t Mo) from
1,638m to 1,837m associated with chalcopyrite-bornite mineralized wall rock, within a broader
interval of 539m of 0.59% CuEq (0.45% Cu, 0.16 g/t Au, 1.1 g/t Ag, 51 g/t Mo) from 1,298m
downhole to 1,837m in chalcopyrite, pyrite and bornite mineralized wall rock.
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 from 1,788m to final depth.
The 210m interval (from 1,304 m to 1,514m) of 0.75% CuEq (0.55% Cu, 0.21 g/t Au, 1.0 g/t Ag,
119 g/t Mo) intersected potassic alteration in chalcopyrite-bornite mineralized Early and
Intermineral Porphyry.
The drill hole is situated in an area previously untested and demonstrates continuity of
mineralized porphyry east of the high-grade trend.
The 132m interval (from 948m to 1,080m) of 0.84% CuEq (0.63% Cu, 0.18 g/t Au, 0.9 g/t Ag,
207 g/t Mo) intersected chalcopyrite-mineralized Rock Milled Breccia (RMB).
ATXD28A
(paused at 1,918m) is a daughter hole from ATXD28 and is designed to test Early
Porphyry mineralization on nominal 150m centres as part of the infill program.
Assay results are
pending
.
Table 2 – Detailed Results with Metallurgical Recoveries for Phase V Drill Holes to Date
Hole ID
From
(m)
To
(m)
Interval
(m)
Cu
(%)
Au
(g/t)
Ag
(g/t)
Mo
(g/t)
CuEq %
MRS
(1,3)
CuEq %
Met
(2,3)
Date
ATXD16B
1,044
1,824
780
0.56
0.23
0.9
90
0.76
0.81
March 18, 2025
Incl.
1,364
1,690
326
0.71
0.29
1.1
87
0.95
1.01
Incl.
1,414
1,646
232
0.75
0.31
1.2
88
1.00
1.06
ATXD23A
822
2,042
1,220
0.66
0.28
1.9
130
0.91
0.98
March 18, 2025
Incl.
1,036
1,378
342
1.05
0.47
3.0
326
1.52
1.65
Incl.
1,092
1,378
286
1.17
0.53
3.4
340
1.69
1.83
Incl.
1,162
1,378
216
1.34
0.63
4.1
334
1.93
2.08
Incl.
1,226
1,378
152
1.52
0.75
4.9
161
2.12
2.28
Incl.
1,334
1,356
22
2.35
1.31
8.6
29
3.30
3.54
ATXD25A
1,230
1,832
602
0.40
0.16
1.0
57
0.54
0.57
April 22, 2025
Incl.
1,770
1,830
60
0.60
0.49
2.4
5
0.94
1.03
And
1,874
1,982
108
0.87
1.18
5.5
9
1.69
1.90
Incl.
1,892
1,922
30
2.21
3.17
15.1
3
4.40
4.97
Incl.
1,896
1,912
16
3.04
4.82
21.1
5
6.36
7.22
ATXD23B
1,028
1,238
210
0.60
0.21
1.0
210
0.83
0.90
April 22, 2025
Incl.
1,212
1,236
24
0.81
0.30
1.2
136
1.07
1.15
And
1,264
1,999
735
0.47
0.14
1.0
39
0.59
0.62
Incl.
1,274
1,318
44
0.83
0.21
1.4
36
1.00
1.04
ATXD27A
1,172
1,626
454
0.48
0.13
0.9
121
0.62
0.66
April 22, 2025
And
1,636
2,148
512
0.58
0.27
1.7
18
0.78
0.83
Incl.
1,672
1,714
42
0.84
0.49
3.1
9
1.20
1.29
Incl.
1,888
1,920
32
0.77
0.31
1.7
19
1.00
1.05
ATXD28
834
1,924
1,090
0.56
0.32
1.8
57
0.81
0.87
June 2, 2025
Incl.
1,098
1,188
90
0.71
0.30
1.4
80
0.95
1.01
Incl.
1,398
1,486
88
0.78
0.35
2.4
18
1.03
1.10
Incl.
1,643
1,924
281
0.55
0.53
3.3
4
0.93
1.02
ATXD22C
770
1,814
1,044
0.46
0.18
1.2
48
0.61
0.65
June 9, 2025
Incl.
950
1,012
62
0.69
0.19
1.0
157
0.88
0.94
Incl.
1,694
1,804
110
0.49
0.31
2.2
2
0.71
0.77
ATXD29A
732
1,268
536
0.75
0.28
1.7
225
1.04
1.12
June 9, 2025
Incl.
1,052
1,232
180
1.23
0.53
2.9
327
1.74
1.88
Incl.
1,106
1,232
126
1.47
0.67
3.7
252
2.04
2.20
Incl.
1,124
1,160
36
2.10
1.02
6.2
542
3.05
3.30
ATXD22D
878
1,820
942
0.50
0.17
1.0
88
0.66
0.71
July 8, 2025
Incl.
948
1,080
132
0.63
0.18
0.9
207
0.84
0.90
Incl.
1,304
1,514
210
0.55
0.21
1.0
119
0.75
0.80
ATXD25B
1,298
1,837
539
0.45
0.16
1.1
51
0.59
0.63
July 8, 2025
Incl.
1,638
1,837
199
0.51
0.27
1.9
8
0.71
0.76
ATXD29A
732
1,934
1,202
0.61
0.33
2.0
104
0.89
0.96
July 8, 2025
Incl.
1,366
1,934
568
0.55
0.43
2.5
7
0.86
0.94
Incl.
1,388
1,528
140
0.65
0.46
2.4
10
0.98
1.06
Incl.
1,668
1,772
104
0.65
0.59
3.0
5
1.06
1.16
Hole ID
From
(m)
To
(m)
Interval
(m)
Cu
(%)
Au
(g/t)
Ag
(g/t)
Mo
(g/t)
CuEq %
MRS
(1,3)
CuEq %
Met
(2,3)
Date
(1) CuEq calculated using recoveries assumed in 2023 MRE (90% Cu, 70% Au, 80% Ag and 60% Mo). See Company news dated September 12,
2023) using the formula stated below:
Copper Equivalent (CuEq) is calculated using the formula CuEq % = Cu % + (6,481.488523 * Au g/t /10,000) + (94.6503085864 * Ag g/t /10,000) +
(4.2328042328 * Mo g/t /10,000).
(2) CuEq calculated using recoveries reported from metallurgical test work results reported in Company news dated October 18, 2023 (95% Cu,
94% Au, 89% Ag and 83% Mo) using the formula stated below:
Copper Equivalent (CuEq) is calculated using the formula CuEq % = (((Cu % * 3.15 * 22.0462)) + ((0.94/0.95 * Au g/t) * (1,800/31.1034768)) +
((0.89/0.95 * Ag g/t) * (23/31.1034768)) + ((0.83/0.95 * Mo g/t / 10000) * (20*22.0462))) / (3.15*22.0462).
(3) CuEq reported assuming metal prices of US$1,800 /oz Au, US$3.15 /lb Cu, US$23 /oz Ag, and US$20.00 /lb Mo.
Table 3 – Phase V Drill Hole Summary
Hole ID
UTMX
UTMY
Elevation
Kick-off
Start of
Hole
End of
Hole
Status
Length
Drilled
WGS84 19S
WGS84 19S
(m)
(m)
Azi./Dip
Azi./Dip
(m)
(m)
1
B2B
ATXD23A
414,623
6,779,921
4,346
515
134 / 81
161 / 50
Complete
2,042
1,527
ATXD23B
414,623
6,779,921
4,346
962
139 / 59
143 / 49
Complete
1,999
1,037
ATXD27A
414,558
6,780,399
4,424
794
153 / 72
175 / 31
Complete
2,148
1,354
ATXD27B
414,558
6,780,399
4,424
704
149 / 73
155 / 33
Paused
1,632
928
ATXD29
414,962
6,779,682
4,257
-
170 / 89
163 / 89
Complete
711
711
ATXD29A
414,962
6,779,682
4,257
355
313 / 88
289 / 74
Paused
1,934
1,580
Porphyry
ATXD16B
415,381
6,779,128
4,134
827
287 / 77
270 / 44
Complete
1,880
1,053
ATXD22C
415,187
6,779,412
4,134
667
261 / 89
286 / 66
Complete
1,814
1,148
ATXD22D
415,187
6,779,412
4,134
732
250 / 86
222 / 64
Paused
1,916
1,185
ATXD25A**
413,896
6,779,919
4,160
1,454
125 / 76
102 / 47
Complete
2,232
778
ATXD25B
413,896
6,779,919
4,160
765
100 / 60
89 / 32
Complete
1,837
1,072
ATXD25C
413,896
6,779,919
4,160
408
129 / 80
108 / 18
Paused
1,566
1,158
ATXD28
415,132
6,779,354
4,170
-
276 / 78
344 / 75
Complete
1,924
1,924
ATXD28A
415,132
6,779,354
4,170
970
291 / 78
353 / 74
Paused
1,918
947
Total
25,552
16,552
Hole ID
UTMX
UTMY
Elevation
Kick-off
Start of
Hole
End of
Hole
Status
Length
Drilled
WGS84 19S
WGS84 19S
(m)
(m)
Azi./Dip
Azi./Dip
(m)
(m)
1
1. Includes re-drilled meters (152.7m).
* Table contains preliminary data.
** ATXD25 was paused at 1,454.2m at the end of the Phase IV campaign and drilling resumed from this depth. Initial kick-off from ATXD25 was at
629.5m.
Change of Auditor
ATEX announces that effective July 8, 2025, the Company appointed MNP LLP as its new auditor,
replacing McGovern Hurley LLP, until the next annual general meeting of shareholders. The change of
auditor was approved by the Company's Audit Committee and Board of Directors. There were no
reservations in the former auditor's reports and there are no "reportable events" (as such term is defined
in National Instrument 51-102 – Continuous Disclosure Obligations) in connection with the change of
auditor. In accordance with regulatory requirements, the Company will file a Notice of Change of Auditor,
together with the required letters from both the former and new auditors, on SEDAR+.
Quality Control & Quality Assurance
Drill holes are collared with a PQ drill bit, reduced to HQ and, sequentially, to NQ as the drill holes
progressed deeper. Drill core produced by the drill rigs was extracted from the core tubes by the drill
contractor under the supervision of ATEX employees, marked for consistent orientation and placed in
core boxes with appropriate depth markers added. Full core boxes were then sealed before being
transported by ATEX personnel to the Valeriano field camp. Core at the field camp is processed, quick
logged, checked for recovery, photographed, and marked for specific gravity, geotechnical studies and
for assays. From camp, the core is transferred to a secure core-cutting facility in Vallenar, operated by
IMG, a third-party consultant. Here, the core trays are weighed before being cut using a diamond saw
under ATEX personnel oversight. ATEX geologists working at this facility double-check the selected
two-metre sample intervals, placing the samples in seal bags and ensuring that the same side of the
core is consistently sampled. Reference numbers are assigned to each sample and each sample is
weighed. The core trays with the remaining half-core are weighed and photographed. Additionally, core
logs are updated, and specific gravity and geotechnical samples are collected. The remaining core is
stored in racks at the Company's secure facility in Vallenar.
From Vallenar samples are sent to an ALS preparation facility in La Serena. ALS is an accredited
laboratory which is independent of the Company. The prepared samples were sent to the ALS assay
laboratories in either Santiago, Chile and Lima, Peru for gold (Au-AA24), copper (Cu-AA62),
molybdenum (Mo-AA62) and silver (Ag-AA62) assays as well as and multi-element ICP (ME-MS61)
analysis. No data quality problems were indicated by the QA/QC program.
Qualified Person
Mr. Ben Pullinger, P.Geo., registered with the Professional Geoscientists Ontario, is the Qualified
Person, as defined by National Instrument 43-101 –
Standards for Disclosure for Mineral Projects, for
the Valeriano Copper Gold Porphyry Project. Mr. Pullinger is not considered independent under NI 43-
101 as he is President and CEO of ATEX. He has reviewed and approved the disclosure of the
scientific and technical information contained in this press release.
About ATEX
ATEX is exploring the Valeriano Copper-Gold Project which is located within the emerging copper gold
porphyry mineral belt linking the prolific El Indio High-Sulphidation Belt to the south with the Maricunga
Gold Porphyry Belt to the north, located in the Atacama Region, Chile. This emerging belt, informally
referred to as the Link Belt, hosts several copper gold porphyry deposits at various stages of
development including, Filo del Sol (Lundin Mining/BHP), Josemaria (Lundin Mining/BHP), Lunahausi
(NGEx Minerals), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick). The
Valeriano Project hosts a large copper gold porphyry mineral resource: 1.41 billion inferred tonnes at
0.67% CuEq (0.50% Cu, 0.20 g/t Au, 0.96 g/t Ag and 63.80 g/t Mo), which includes a higher-grade core
totaling 200 million tonnes at 0.84% CuEq (0.62% Cu, 0.29 g/t Au 1.25 g/t Ag and 55.7 g/t Mo), as
reported by ATEX on September 12, 2023
v
.
For further information, please contact:
Ben Pullinger,
President and CEO
Email:
Aman Atwal,
Vice President, Business Development and Investor Relations
Email:
1-647-398-9405
or visit ATEX's website at
www.atexresources.com
.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
This news release contains forward-looking statements, including predictions, projections, and
forecasts. Often, but not always, forward-looking statements can be identified by the use of words such
as "plans", "planning", "expects" or "does not expect", "continues", "scheduled", "estimates",
"forecasts", "intends", "potential", "anticipates", "does not anticipate", or describes a "goal", or variation
of such words and phrases or state that certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks,
future events, conditions, uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any future results, prediction, projection,
forecast, performance or achievements expressed or implied by the forward-looking statements.
Such forward-looking statements include, among others: statements regarding plans for the evaluation of
exploration properties including the Valeriano Copper Gold Project; the success of evaluation plans; the
success of exploration activities especially to the significant expansion of the high-grade corridor; mine
development prospects; potential for future metals production; changes in economic parameters and
assumptions; all aspects related to the timing and extent of exploration activities, including the Phase V
and Phase VI programs contemplated in this press release; timing of receipt of exploration results; the
interpretation and actual results of current exploration activities and mineralization; changes in project
parameters as plans continue to be refined; the results of regulatory and permitting processes; future
metals price; possible variations in grade or recovery rates; failure of equipment or processes to
operate as anticipated; labour disputes and other risks of the mining industry; the results of economic
and technical studies; delays in obtaining governmental and local approvals or financing or in the
completion of exploration; timing of assay results; as well as those factors disclosed in ATEX's publicly
filed documents.
Although ATEX has attempted to identify important factors that could cause actual actions, events or