Atex Resources Inc. Stock Analysis ATX.V

ATEX Resources, Inc. is a minerals exploration company, which engages in the acquisition, development, and monetization of projects through out the Americas. The company is headquartered in Toronto, Ontario. The firm is exploring the Valeriano Copper-Gold Project, which is located within the emerging copper gold porphyry mineral belt linking the prolific El Indio High-Sulphidation Belt to the south with the Maricunga Gold Porphyry Belt to the north, located in the Atacama Region, Chile. This emerging belt, informally referred to as the Link Belt, hosts several copper gold porphyry deposits at various stages of development, including Filo del Sol (Lundin Mining/BHP), Josemaria (Lundin Mining/BHP), Lunahausi (NGEx Minerals), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick Gold). The Valeriano Project, located 125 kilometers southeast of the City of Vallenar, Atacama Region, northern Chile, sits adjacent to the southern border of the El Encierro Project. The elevation at the Valeriano Project varies between 3,800 to 4,400 meters above sea level.