ATEX Resources Inc. announced that is has completed drill holes ATXD-22A and ATXD-23 in its Phase III drill campaign at the Valeriano Copper-Gold Project located in Atacama Region, Chile. Highlights include: ATXD-23 intersected 550 metres of mineralized early porphyry, between 1,500 and 2,050 metres downhole; ATXD-23 extends the strike length of the Western Trend by approximately 200 metres north of hole ATXD-11B that intersected 1,342.5 metres of 0.73% CuEq (0.46% Cu, 0.31 g/t Au and 43 ppm Mo) and was released on March 30, 2023. Copper mineralization in the early porphyry consists mainly of chalcopyrite and to a lesser extent bornite, consistent with mineralization observed in ATXD-11B.

Additionally, ATXD-23 intersecting 650 metres of chalcopyrite-bearing Rock Milled Breccia ("RMB") above the early porphyry interval from a depth of 850 metres downhole to the porphyry contact at 1,500 metres. ATXD-22A (daughter hole) drilled southeast out of ATDX-22 intersected altered chalcopyrite bearing RMB and mineralized late porphyry units. The final two holes of the program, ATXD-24 and ATXD-22B are anticipated to be completed by the end of May.

Complete assays for ATXD-23 and ATXD-22A are expected by late May. The Phase III campaign continues to focus on its stated objectives of expanding the mineralized corridor through step out drilling along strike, primarily to the northeast, testing new targets along this corridor and seeking to define the continuity and geometry of the porphyry trends. Two diamond drill holes are currently underway: ATXD-24 an inclined drill hole is drilled from surface to intersect the Western Trend 200 metres south along strike from ATXD-11B and is planned to reach the Central High-Grade Trend at depth.

ATXD-22B, (daughter hole) being drilled to the northwest out of ATXD-22 (970 metres of 0.51% CuEq and was released on March 30. This hole is testing the northern extension of the Central High-Grade Trend 200 metres beyond ATXD-11A which intersected 0.63% CuEq over 1,270 metres including 0.81% CuEq over 170 metres along this trend.