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ATEX Resources (TSXV: ATX) Investor Update

After publishing the September 2023 resource update, ATEX Resources’ (TSXV: ATX) Valeriano copper-gold project in Chile is knocking on the door of joining the list of the top 10 undeveloped copper projects worldwide. Valeriano 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. Valeriano hosts a large copper gold porphyry resource: 1.41 billion 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), reported in September 2023. Results from the recently completed Phase IV drill program are exceeding expectations: drilling suggests remarkable grades and scalability: the dimensions of the system tested by drilling through Phase IV measure >1,200m along strike and >1,000m wide and open in all directions.

Phase IV intercepts include:

  • ATXD16A: 852m of 0.82% CuEq, highlighting potential for a larger Early Porphyry target, expanding EP into the gap between the Central and Eastern and confirming the confluence of Porphyry trends into a continuous NNW-trending body

  • ATXD26: 68.0m of 2.02% CuEq within 978m of 0.75% CuEq from a new high-grade, copper-gold-silver enriched low sulphidation epithermal system, adding optionality to the project.

  • ATXD25: 862.2m @ 0.62% CuEq

  • Excellent Metallurgical Recoveries: Copper recoveries ranging from 91% to 95% and total gold recovery ranging from 83% to 94%, using conventional recovery methods and simple comminution.

  • Desirable concentrate grades of 26% to 31% Cu and 7g/t to 12g/t Au.

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Kingfisher Metals (TSX-V: KFR | FSE: 970 | OTCQB: KGFMF) Investor Update