01:11:54 EDT Tue 01 Jul 2025
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Vortex Metals Inc
Symbol VMS
Shares Issued 85,083,668
Close 2025-02-26 C$ 0.07
Market Cap C$ 5,955,857
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Vortex Metals talks Illapel downhole/borehole survey

2025-02-26 16:27 ET - News Release

Mr. Vikas Ranjan reports

VORTEX METALS ANNOUNCES GEOPHYSICS RESULTS & EXPLORATION PLANS

Vortex Metals Inc. has received results from the recently concluded downhole/borehole geophysics using hole DVM-08 at the Illapel copper project located near Illapel, Chile.

On Feb. 1, 2025, Vortex completed borehole geophysical logging of drill hole DVM-08. The entire hole was open and surveyed to 247 metres depth for gamma radiation, short and long resistivity, resistance, spontaneous potential, and temperature.

As announced in a previous communication, drill hole DVM-08 is located just north of and along strike from the Rio 27 mine and intersected multiple zones of sulphides, including 60 centimetres of high-grade copper sulphide mineralization. As reported earlier, this intercept may represent the edges or borders of a larger manto-style lens, and a program of downhole electromagnetic geophysics was undertaken to test for lateral extensions away from the hole.

Results from the downhole/borehole survey confirm the following key findings:

  1. The sulphide mineralization is responsive to electrical geophysical methods (that is, resistivity and resistance).
  2. The sulphide mineralization extends to some indeterminate distance away from the drill hole over significant widths.
  3. There is sufficient justification for additional drilling in the area to locate a larger, high-grade lens.

Specifically, the geophysical contractor, Geodatos (of Chile) identified six sections that may reflect lenses of sulphide mineralization, as shown in Table 1.

"The initial downhole geophysics results are very encouraging and have strengthened our expectation that mineralization continues along trend from the currently operating Rio 27 mine. It is also encouraging to see convincing evidence of low resistivity near hole DMV-08, which further suggests that lenses of mineralized bodies may exist in proximity to hole DVM-08, and further drilling is warranted in the area," stated Vikas Ranjan, president, co-founder and chief executive officer.

Plans are now under way to confirm additional drill targets in the vicinity of drill hole DVM-08.

In addition, further drilling is planned for an area of high-grade copper mineralization at artisanal mining prospects located approximately two kilometres to the north of the Rio 27 mine in an area where the favourable structure and stratigraphy have been identified.

Finally, plans are under way to mount an initial campaign of mapping, prospecting and sampling in the northeastern portion of the concession package where IOCG (iron oxide copper/gold) or intrusion-related mineralization has been reported. Additionally, sampling will be done in drill hole DVM-08 to verify the copper grades of the intercepts with sulphides.

Qualified person and quality assurance/quality control (QA/QC)

Juan Carlos Fernandez, 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 a copper-focused exploration and development company with a diversified portfolio of exploration projects in Chile and Mexico. Vortex holds an option to acquire up to 80-per-cent interest in the brownfield Illapel copper project in Chile; and, through its Mexican subsidiary Empresa Minera Acagold SA de CV, it owns a 100-per-cent interest in two drill-ready, high-potential copper-gold volcanogenic massive sulphide (VMS) properties -- Riqueza Marina and Zaachila -- in Oaxaca, Mexico. The company emphasizes responsible exploration, community engagement and environmental stewardship to meet the rising global demand for copper sustainably.

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