CEO of Atex Resources (TSXV:ATX), Raymond Jannas, spoke to Sonia Madigan from The Market Herald about new and impressive gold-copper results from the Valeriano Project in Chile.
According to the company, one of the major highlights taken was 1,160 metres of 0.78 per cent copper equivalent, including 550 metres at 1.03 per copper equivalent with trace amounts of gold mineralization showing as well.
The company stated its Valeriano Project is host to a sizeable multi-phase porphyry system. A significant halo of lower-grade copper-gold mineralization, up to 250 metres thick, immediately overlies the already known +0.4 copper equivalent porphyry mineralization. The mineralization has been traced over a plan area of 850 by 800 metres, and the boundaries have not yet been found.
Challenges Atex is experiencing include de-risking all aspects of the exploration project, technical, social, and governmental. However, the company is confident in its discovery and that it will grow to be a significant copper asset.
With the potential to become an important discovery in Chile, Atex plans to expand its operation to have year-round exploration work. So far, the project is 2/3 cent gold-copper 1/3 gold.
Jannas deems this as the right moment to be in copper and gold as it gives the company a chance to become bullish, especially considering most of the world is moving towards electrification, for which copper is fundamental. Additionally, gold will be important in terms of how the government will control inflation with sources of stable value as fiat is debased.