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ATEX Resources Inc ( (TSE:ATX) ) has provided an update.
ATEX Resources reported strong initial Phase VI drilling results from the B2B Zone at its Valeriano Copper-Gold Project in Chile, highlighted by drill hole ATXD26B intersecting 54 metres grading 2.50% copper equivalent within a broader 146-metre interval at 2.00% copper equivalent. The logged breccia and high-grade copper-gold mineralization encountered are expected to extend the known limits of the B2B Zone by about 100 metres down dip and may expand the dimensions of this high-grade target once more than 600 metres of pending assays are received. Finalized assays for hole ATXD25C have also improved previously reported grades, including 164 metres at 2.77% copper equivalent within a 584-metre interval at 1.27% copper equivalent, with an estimated horizontal width of 170 metres that underscores continuous, thick mineralization. Collectively, these results exceed the average grade used in the 2025 mineral resource estimate, reinforcing the upside potential for increased tonnage and higher-grade material, which could enhance the project’s overall resource base and strengthen ATEX’s positioning in the copper-gold exploration sector.
The most recent analyst rating on (TSE:ATX) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on ATEX Resources Inc stock, see the TSE:ATX Stock Forecast page.
Spark’s Take on TSE:ATX Stock
According to Spark, TipRanks’ AI Analyst, TSE:ATX is a Neutral.
ATEX Resources Inc. faces substantial financial challenges, with persistent losses and cash flow issues being the most significant factors impacting the stock’s score. While technical indicators suggest potential recovery, the negative valuation metrics limit attractiveness. However, promising exploration progress and strategic management changes offer a silver lining, potentially bolstering future prospects.
To see Spark’s full report on TSE:ATX stock, click here.
More about ATEX Resources Inc
ATEX Resources Inc. is a mineral exploration company focused on advancing the Valeriano Copper-Gold Project in Chile’s Atacama Region. The project targets large-scale porphyry copper-gold mineralization, placing ATEX within the Latin American copper and gold exploration space, where it aims to define and expand high-grade resources for potential future development.
Average Trading Volume: 511,347
Technical Sentiment Signal: Buy
Current Market Cap: C$969.9M
See more insights into ATX stock on TipRanks’ Stock Analysis page.