11:46:59 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Vortex Metals Inc
Symbol VMS
Shares Issued 60,080,057
Close 2023-03-03 C$ 0.09
Market Cap C$ 5,407,205
Recent Sedar Documents

Vortex Metals completes environmental works at Riqueza

2023-03-07 12:21 ET - News Release

Mr. Vikas Ranjan reports

VORTEX METALS PROVIDES UPDATE ON ENVIRONMENTAL WORKS AT FLAGSHIP RIQUEZA MARINA PROJECT

Vortex Metals Inc. has provided a progress update on the environmental works completed to date at the company's flagship Riqueza Marina project in southern Oaxaca, Mexico. The Riqueza Marina project consists of 12,041 hectares and is located approximately 15 kilometres from the Salina Cruz deepwater port on the Pacific coast of the Mexican state of Oaxaca.

Environmental works first began in February, 2020, contracted by the company's co-founder, the late David Jones. Under the direction of Mexican environmental firm ASSI, activities were carried out by a team of five specialists in fauna and flora, as well as a group of supporting field staff. Data were gathered on seven land uses, as defined by the National Institute of Statistics Geography (INEGI), and informatics.

After completing the fieldwork, the collected data were interpreted and organized according to predetermined formats required by the Secretariat of Environment and Natural Resources (SEMARNAT). The company is pleased to announce that 100 per cent of the environmental work activities have now been completed; these include the following:

  • Elaboration of eight chapters of the environmental impact assessment;
  • Maps;
  • Fieldwork on flora and fauna;
  • Photographic survey;
  • Analysis and elaboration of correction measures;
  • Comparative analysis of impacts and effects on the environment;
  • Analysis of the environmental diagnosis of impacts with and without the environmental gap project;
  • Integration;
  • Assembly and printing of the text.

The company's head geologist, Robert Johansing, has reviewed all chapters of the EIA and was satisfied with the information presented.

Additionally, as per the company's previous news release, Vortex Metals has been working diligently to engage community stakeholders and expects support to continue as a clear line of communication and beneficial relationship is established. Once the general assembly confirms and seals the agreements, the EIA application can be submitted to SEMARNAT, and a summarized version of the application will be circulated in the newspaper with the highest circulation. This will complete the delivery of the EIA and begin the process at the government agency.

Vikas Ranjan, chief executive officer of Vortex Metals, commented: "We are very pleased with the completion of environmental works at Riqueza Marina and are looking forward to the submission of the EIA application in the coming months. Along with support from local stakeholders, a favourable EIA outcome will enable Vortex to test the multiple high-grade targets identified by the late Dave Jones, our co-founder and world-renowned geologist."

About Vortex Mines Inc.

Vortex Metals is the parent company of Mexican subsidiary Empresa Minera Acagold SA de CV, which is the owner of a 100-per-cent interest in two drill-ready, high-potential copper volcanogenic massive sulphide (VMS) properties (Riqueza Marina and Zaachila) in the state of Oaxaca, and a third high-potential gold property (El Rescate) in the state of Puebla. The Oaxaca projects incorporate the most highly prospective areas of high-grade copper mineralized surface exposures (gossans) and prominent gravity anomalies along an emerging copper VMS belt that includes Minaurum Gold's Santa Marta project.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.