ATEX Resources Inc is a mineral exploration and development company that focuses on acquiring, exploring, and developing various mineral properties in South America such as the Cerro Maricunga gold deposit, Taltal iron deposit, the Pascua gold deposit, Volcan gold deposit, and El Morro copper-gold properties.
The company is focused on unlocking a new copper-gold porphyry camp in Chile. The company’s headquarters is in Toronto, Canada. ATEX Resources Inc is a publicly listed company on the TSX Venture Exchange market (TSXV), where its common stocks trade under the ticker ‘ATX’.
The Valeriano copper-gold project is the company’s flagship property. In this property, ATEX recently published its initial mineral resources figures for the near-surface oxidized epithermal gold deposit and large copper-gold porphyry.
This project is situated nearly 125 kilometers SE of Vallenar city in the Atacama Region of Chile and 27 kilometers away from the Pascua Lama Project. It is prospective for hosting a large Cu-Au porphyry deposit.
It is surrounded by El Indio Mineral Belt and the Miocene-Pliocene Metallogenic Belt. The El Indio Mineral Belt consists of various high-sulphidation copper-gold deposits such as Barrick’s Pascua Lama and Alturas projects and Barrick/Shandong Gold’s Veladero Mine.
The company currently concentrates on increasing oxide gold resources so that it can begin economic studies in the future. The Valeriano project consists of 15 exploitation and two exploration concessions and covers 3,705 hectares of a land package. It is surrounded by a water facility.
The HS-Gen project (high sulphidation generative project) is situated in northern Chile. ATEX has begun an exploration program that concentrates on exploring and owning high sulphidation epithermal gold-silver properties in northern Chile.
Presently, the company has owned and operated six open areas that cover 12,500 hectares of a land package. Recently, the company acquired six properties, including Tango Property (2,400 hectares), Cueca Property (1,300 hectares), Twist Property (1,700 hectares), Rock Property (5,800 hectares), Roll Property (1,200 hectares), and Vals Property (1,800 hectares).