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Vortex Metals Inc
Symbol VMS
Shares Issued 60,080,057
Close 2023-06-01 C$ 0.145
Market Cap C$ 8,711,608
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Vortex Metals completes fieldwork for Zaachila

2023-06-01 08:04 ET - News Release

Mr. Vikas Ranjan reports

VORTEX METALS COMPLETES FIELD WORK FOR ENVIRONMENTAL STUDY AND ADVANCES SURFACE GEOLOGICAL INVESTIGATIONS

Vortex Metals Inc. has successfully completed the fieldwork for the environmental baseline study (EBS) conducted at its Zaachila copper project in southern Oaxaca, Mexico. The study was conducted under the guidance of Mexican environmental firm Ambiental y Social Servicios Integrales (ASSI), composed of 10 environmental specialists focused on fauna and flora.

The fieldwork commenced on May 16, following the local community's approval of the comprehensive EBS, which includes biological studies and surface geological work. Throughout the field program, the team of environmental specialists worked in close co-ordination with the local community, as well as the company's senior geologist Rob Johansing and community relations consultant Jorge Mario Rios, ensuring effective collaboration with the local authorities. The flora and fauna component of the field program was completed on May 27 while the geologic studies are anticipated to be completed before Sept. 1.

The fieldwork involved five specialized teams focusing on specific areas: reptiles and amphibians, mammals, fish, birds, and flora. Baseline sampling activities encompassed the area proposed for drilling as well as the surrounding area to assure the broader ecosystem was sufficiently defined. Sampling efforts considered the specific land uses identified by the National Institute of Statistics, Geography, and Information (INEGI). The study results will be analyzed to assess the biodiversity across project area. This information is foundational in the preparation of the environmental impact statement (EIS) that SEMARNAT requires for the evaluation and approval of exploration drilling.

Vikas Ranjan, chief executive officer of Vortex Metals, emphasized the significance of this comprehensive analysis, stating, "The results of this study will be an integral part of the EIA that Vortex Metals will submit in the coming weeks, bringing us one step closer to advancing the Zaachila copper project for mineral exploration of the previously identified significant anomalous copper mineralization."

Concurrent with the EBS, geologic studies were initiated and are focusing on the roughly over five-kilometre copper-in-rock anomaly hosted by a package of submarine volcanic breccia and debris deposits intercalated with exhalite beds or lenses. This package is located near the southern margin of a roughly parallel trondjhemitic intrusive complex and contains rocks with high contents of base metals and volatile elements (antimony, arsenic). Owing to the development of a thin saprolite profile and oxidation of the sulphides, a trenching program has been initiated and will attempt to open numerous exposures where historical sampling has been conducted. The program will better define geologic continuity and sites for proposed drilling required for completion of the environmental impact study. All work is being conducted by teams from the community of Zaachila.

Qualified person/quality control and quality assurance

Robert Johansing, MSc, Econ, Geol, PGeo, is a qualified person (QP) as defined by NI 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 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.

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