01:20:00 EDT Thu 02 May 2024
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Vortex Energy abandons Robinsons 2nd core well

2024-02-07 11:56 ET - News Release

Mr. Paul Sparkes reports

VORTEX ENERGY CORP. PROVIDES UPDATE ON DRILLING AT THE ROBINSONS RIVER SALT PROJECT

Vortex Energy Corp. has provided an update on drilling of the second approved core well at its Robinsons River salt project, located near Stephenville, Nfld.

The company commenced drilling on the second core well on Jan. 16, 2024, which was drilled in the western gravity anomaly at the Robinsons River salt project. The well reached a depth of 275 metres without significant issues, with the overlying strata up to this depth comprising unconsolidated sediments, siltstone, and mudstone. However, the company was required to halt drilling because of a hydraulic pump failure which necessitated repairs. During the time drilling was halted, the open hole's condition worsened as the soft sediments interacted with water in the hole. The drilling rods were twisted off while reaming and rehabilitating the unstable formation. Recovery efforts of the rods were unsuccessful. The hole was ultimately abandoned because of the obstruction caused by the broken rods, which rendered further drilling unfeasible. The hole will be sealed with cement. Vortex is assessing the feasibility of drilling a new hole at the same location.

Paul Sparkes, chief executive officer and director of Vortex, commented: "While we encountered challenges during the drilling of hole two, overall, we are pleased with the data accumulated and the direction of the program. We are well funded for further exploration and are revamping our second phase with updated geological information."

Qualified person

Piotr Kukialka, PGeo, a consultant to the company and a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects), has reviewed and approved the scientific and technical content of this press release.

About Vortex Energy Corp.

Vortex Energy is an exploration-stage company engaged principally in the acquisition, exploration and development of mineral properties in North America. The company is currently advancing its Robinson River salt project comprising a total 942 claims covering 23,500 hectares located approximately 35 linear kilometres south of the town of Stephenville in the province of Newfoundland and Labrador.

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