ATEX Further Consolidates World-Class Porphyry District

Core Viewpoint - ATEX Resources Inc. has strategically expanded its land package adjacent to the Valeriano project in Chile, enhancing its exploration potential with the acquisition of the Nuevo Horizonte claims, which include two defined porphyry targets, Pachuy and Chollay [1][3]. Group 1: Land Acquisition and Expansion - The Nuevo Horizonte claims cover over 8,600 hectares and are adjacent to the Valeriano property, increasing ATEX's total land position in the district to approximately 25,000 hectares [2][5]. - The acquisition of the Nuevo Horizonte claims has expanded ATEX's exploration holdings around Valeriano by over 50%, from approximately 16,500 hectares to 25,000 hectares [6]. Group 2: Exploration Potential - The new targets, Pachuy and Chollay, exhibit structural similarities to Valeriano and are expected to provide significant opportunities for copper-gold exploration, with potential for deeper drilling targets [5][6]. - Historical exploration at the Pachuy target has intersected high-grade mineralization within 350 meters of the surface, indicating the presence of a porphyry system [3][6]. - Surface geochemistry and mapping at the Chollay target suggest a Valeriano-style system that has yet to be tested with drilling [6]. Group 3: Strategic Objectives - The addition of the Nuevo Horizonte claims aligns with ATEX's strategic objectives, enhancing the company's position in a highly prospective district that includes significant projects from major mining companies [1][3]. - The company aims to advance the new targets to drill status in the coming months and years, leveraging existing camp and infrastructure at Valeriano [3].