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An update from ATEX Resources Inc ( (TSE:ATX) ) is now available.
ATEX Resources reported a significant expansion in both thickness and grade of high-grade mineralization at the B2B breccia zone within its Valeriano Copper-Gold Project, based on additional assays from Phase VI drill hole ATXD26B. The latest results show 186 metres grading 2.13% copper equivalent, including 88 metres at 2.70% copper equivalent, within a broader 448-metre interval at 1.50% copper equivalent, and extend the known limits of the B2B Zone by 100 metres down dip, defining a high-grade zone roughly 400 metres in strike, up to 200 metres in width and 500–600 metres in vertical extent. With six diamond drill rigs active and more than half of the planned 25,000 metres already drilled, the new data underscores the continuity and growth potential of the high-grade system and could support future resource expansion at Valeriano, with approximately 400 metres of assays from ATXD26B still pending.
The most recent analyst rating on (TSE:ATX) stock is a Hold with a C$3.50 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.
The score is held back primarily by weak financial performance (no revenue, widening losses, and increased cash burn), despite a low-debt balance sheet. Offsetting factors include strong technical momentum (price above key moving averages with positive MACD) and supportive corporate events (notably strong drilling/results momentum and substantial financing to fund project expansion). Valuation remains constrained by ongoing losses and no indicated dividend support.
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 its Valeriano Copper-Gold Project in Chile’s Atacama Region. The company targets large-scale copper-gold porphyry and high-grade breccia systems, positioning itself within the Latin American copper-gold exploration space, a key supply region for global metals demand.
Average Trading Volume: 494,053
Technical Sentiment Signal: Buy
Current Market Cap: C$1.21B
For a thorough assessment of ATX stock, go to TipRanks’ Stock Analysis page.