13:06:21 EDT Tue 30 Apr 2024
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Vortex Metals Inc
Symbol VMS
Shares Issued 60,080,057
Close 2023-05-18 C$ 0.145
Market Cap C$ 8,711,608
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Vortex Metals begins Zaachila environmental studies

2023-05-18 11:32 ET - News Release

Mr. Vikas Ranjan reports

VORTEX METALS INITIATES COMPREHENSIVE ENVIRONMENTAL AND SURFACE GEOLOGICAL STUDIES AT ZAACHILA COPPER PROJECT IN MEXICO

Vortex Metals Inc. has initiated its comprehensive environmental and surface geological studies at its Zaachila copper project. The commencement of this work marks a significant milestone in the project's advancement.

Building on the previous identification of copper mineralization (refer to the company's National Instrument 43-101 report filed on SEDAR), Vortex Metals will begin an extensive program of environmental baseline studies and corresponding surface geological work. This undertaking is designed to deepen the understanding of the project's potential using an integrated approach in the documentation of the project's environmental state, including the geologic environment.

The environmental and surface geological activities, which began on May 15, have been made possible due to the previously announced community approval, granted following a general assembly meeting held with the local people residing at the Zaachila project. Vortex Metals is deeply committed to conducting responsible and sustainable operations, with a steadfast dedication to environmental stewardship and community engagement.

Under the expert guidance of Ambiental y Social Servicios Integrales (ASSI), a renowned Mexican environmental firm, a team of 10 environmental specialists, supported by local community field assistants, will diligently gather vital data over the course of approximately 15 days. The study will focus on land uses defined by the esteemed National Institute of Statistics Geography (INEGI) and informatics, encompassing an extensive area of 500 hectares.

The findings of the environmental and surface geological work will serve as a crucial tool to protect the local environment, benefiting both the community and Vortex Metals. Additionally, the environmental study will form the basis of an environmental impact assessment (EIA) to be submitted to the federal environmental office, the Secretariat of Environment and Natural Resources (SEMARNAT). Seeking approval for advanced mineral exploration activities, including drilling, the company is poised to advance its pursuit of multiple high-grade copper targets.

Vikas Ranjan, chief executive officer of Vortex Metals, expressed his enthusiasm for this significant milestone, stating: "The launch of our comprehensive environmental and surface geologic studies at the Zaachila project represents a pivotal moment for Vortex, as it brings us closer to exploring multiple high-grade copper targets previously identified in geochemical targeting analysis by VMS [volcanogenic massive sulphide] expert and Vortex Metals' adviser, Jim Franklin. Vortex remains fully committed to environmental sustainability, and we are grateful for the local community's support and collaboration throughout this process."

Qualified person, quality control and quality assurance

Robert Johansing, MSc (economic geology), PGeo, is a qualified person as defined by National Instrument 43-101, and has reviewed and approved the technical content of this press release.

About Vortex Metals 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-gold 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-gold VMS belt that includes Minaurum Gold's Santa Marta project.

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