{"id":1139979,"date":"2019-09-24T08:20:15","date_gmt":"2019-09-24T13:20:15","guid":{"rendered":"https:\/\/www.mining.com\/?p=1002616"},"modified":"2019-09-24T08:20:15","modified_gmt":"2019-09-24T13:20:15","slug":"canadas-atex-to-acquire-copper-gold-project-in-chile","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1139979","title":{"rendered":"Canada\u2019s Atex to acquire copper-gold project in Chile"},"content":{"rendered":"<p>Atex Resources (TSXV: ATX) announced that it entered into an option agreement to acquire the 3,705-hectare Valeriano copper-gold property located in the northern portion of Chile&#8217;s El Indio belt.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>In a press release, the Vancouver-based miner said the Valeriano concessions overlie a large copper-gold-molybdenum-bearing porphyry system which has been only partially tested by three diamond drill holes completed in 2013 by Hochschild Mining.\u00a0<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>The Valeriano property is underlain by altered felsic volcanics which at depth have been intruded by a multi-phase granodiorite porphyry<\/p>\n<\/blockquote>\n<\/figure>\n<p>According to Atex, historical information revealed that two of the drill holes intersected a potassic altered granodiorite porphyry including drill hole VAL13-14 which returned 1,194 metres grading 0.52% copper, 0.24 grams per tonne gold and 36 parts per million molybdenum.<\/p>\n<p>&#8220;While prior operators focussed largely on the near-surface potential, it wasn&#8217;t until recently that the porphyry potential of the property was recognized,&#8221; Carl Hansen, Atex CEO, said in the media brief. &#8220;Deeper seated systems, such as Valeriano, represent the next stage in copper-gold porphyry mine development with major mining companies now exploring and developing bulk tonnage underground mines. We are eager to start a systematic exploration campaign with the goal of defining the full potential of the Valeriano copper-gold property.&#8221;<\/p>\n<p>Hansen said that Atex has committed to invest $15 million on the project over a four-year term. At least 8,000 metres have to be drilled in the first two years.&nbsp;<\/p>\n<p>The Canadian company also has to pay $12 million over four years in order to acquire 100% of the Valeriano concessions, currently owned by Sociedad Contractual Minera Valleno, an arm&#8217;s-length Chilean corporation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hochschild Mining previously explored the property.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1139979"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1139979"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1139979\/revisions"}],"predecessor-version":[{"id":1139985,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1139979\/revisions\/1139985"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1139979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1139979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1139979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}