09:24:03 EDT Thu 02 May 2024
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Vortex Energy Corp
Symbol VRTX
Shares Issued 81,470,561
Close 2024-04-15 C$ 0.225
Market Cap C$ 18,330,876
Recent Sedar Documents

Vortex Energy sends Robinsons core samples to U of A

2024-04-16 13:35 ET - News Release

Mr. Paul Sparkes reports

VORTEX ENERGY CORP. SENDS CORE SAMPLES FROM THE ROBINSONS RIVER SALT PROJECT TO THE UNIVERSITY OF ALBERTA

Vortex Energy Corp. has shipped core samples from the initial hole drilled at the Robinsons River salt project to the University of Alberta.

The Company's consultant, RESPEC Consulting Inc. ("RESPEC"), has conducted core logging on the cap rock and salt sections obtained from Core Hole 1 (VTX-West-23-1). The cap rock is predominantly anhydrite, intermixed with mudstones, while the salt rock is primarily composed of halite, featuring zones of intermixed mudstones and occasional potash salts such as carnallite and possibly sylvite. RESPEC has selected and shipped samples to the University of Alberta, which will perform various tests to delineate the material properties of the cap rock and salt. The planned tests include thin-section analysis using SEM (Scanning Electron Microscope) for visual mineral identification, EDS (Energy Dispersive X-ray Spectroscopy) for elemental composition and percentages, and XRD (X-ray Diffraction) for crystalline mineral identification and percentages. Additional tests will assess insoluble mineral percentages, diffusion, and various geomechanical tests to identify the exact minerals present in the core and determine the structural and mechanical properties of the formations.

The Company also announces that it has granted 1,000,000 restricted share units ("RSUs") to certain directors, officers, and consultants of the Company pursuant to the Company's equity incentive plan (the "Plan").

Qualified Person

The technical content of this news release has been reviewed and approved by Piotr Kulkialka, P.Geo, who is acting as a consultant to the Company and is a "Qualified Person" as defined by National Instrument 43-101.

For a discussion of the Company's data verification and Quality Control / Quality Assurance processes, please refer to the Company's technical report entitled, "Independent Technical Report On The Robinsons River Salt Property", which is posted to the Company's SEDAR+ profile.

About Vortex Energy Corp.

Vortex Energy Corp. 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 comprised of a total of 942 claims covering 23,500 hectares located approximately 35 linear kms south of the town of Stephenville in the Province of Newfoundland & Labrador. The Robinson River Salt Project is prospective for both salt and hydrogen salt cavern storage. The company is actively evaluating technologies to efficiently store hydrogen or energy in salt caverns. Vortex Energy Corp. also holds the Fire Eye Project, which is located in the Wollaston Domain of northern Saskatchewan, Canada.

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