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EN
ATEX Resources Reports Updated Mineral Resource Estimate of 475 Million Tonnes of 0.88% CuEq Indicated and 1.5 Billion Tonnes of 0.75% CuEq Inferred
['Mr. Ben Pullinger Reports']
Junior Mining News
3.8 million ounces (" Moz ") of gold classified as Indicated and 9.9 Moz as Inferred (475 Mt at 0.25 g/t Au Indicated and 1.5 Bt at 0.20 g/t Au Inferred).
21.2 Moz of silver classified as Indicated and 56.1 Moz as Inferred (475 Mt at 1.39 g/t Ag Indicated and 1.5 Bt at 1.16 g/t Ag Inferred).
33 thousand tonnes (" kt ") of molybdenum classified as Indicated and 107 kt as Inferred (475 Mt at 70.4 g/t Mo Indicated and 1.5 Bt at 70.6 g/t Mo Inferred).
(12) Gold Equivalent (AuEq) is calculated assuming US$27/oz Ag and US$2,750/oz Au and metallurgical recoveries of 76% for Au and 50% for Ag using the formula AuEq g/t = Au g/t + 0.005856 * Ag g/t).
PHASE VI DRILLING TO DRIVE NEXT STAGE OF MINERAL RESOURCE GROWTHThe updated Mineral Resource estimate represents a point-in-time foundation of what continues to emerge as a much larger, district-scale copper-gold system.
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