02:05 PM EDT, 06/25/2024 (MT Newswires) -- ATEX Resources ( ECRTF ) was last seen down 6% after the company on Tuesday released assay results for partial drill holes ATXD25A and ATXD26A, the seventh and eighth holes from its Phase IV drill campaign at the Valeriano Copper-Gold Project in the Atacama Region of Chile.

The company reported confirmation of a new conceptual geology model through drilling at the end of Phase IV. The company is also preparing for a Phase V drill program.

Additionally, the company reported a discovery of a new high-grade overprinting event indicated by ATXD26, which intersected 122 meters of 1.60% copper equivalent. This includes 68 meters of 2.02% copper equivalent above the contact of the high-grade porphyry trend and could represent a new discrete high-grade domain within the resource envelope and nearer to surface.

Also, ATXD25A intersected 224.2 meters of 0.47% copper equivalent from 1,230 meters downhole. ATXD26A intersected 31.45 meters of 0.62% copper equivalent from 792 meters downhole.

Further, the company said ATXD27 was paused with more than 1,000 meters remaining to drill and will target the northern extension of mineralization intersected in ATXD26.

The company's shares were last seen down $0.075 to $1.175 on the TSX Venture Exchange.

Price: 1.18, Change: -0.08, Percent Change: -6.00