ATEX Resources Inc. announced results from drill hole ATXD-11A during Phase III of its drill campaign at the Valeriano Copper-Gold Project located in Atacama Region, Chile. The Phase III campaign continues to focus on its stated objectives of expanding the mineralized corridor through step out drilling along strike, primarily to the northeast, testing new targets along this corridor and seeking to define the continuity and geometry of high-grade trends. Two diamond drill holes are currently underway, hole ATXD-11B and Hole ATXD-22.

ATXD-11B (daughter hole) was wedged from historical hole VAL-11 (mother hole) to the northeast at an azimuth of 54 degrees. This hole was wedged out of hole VAL-11 at a depth of approximately 700 metres commencing in mineralized rock milled breccia "RMB". An early porphyry unit was intersected at a depth of approximately 1,420 metres down hole and continued in this unit until the last reported depth prior to writing of 1,650 metres.

This is a new porphyry trend intersected in this hole which is open both to the northeast and southwest. Hole ATXD-22 is being drilled at an azimuth of 322 degrees and is designed to extend the high-grade porphyry corridor intersected in ATXD-11A a further 200 metres along strike to the northeast. The hole is progressing on track and is at a depth of 800 metres having drilled though the overlying crystal tuff unit and into the RMB unit.