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Vortex Metals Inc
Symbol VMS
Shares Issued 80,046,968
Close 2024-07-24 C$ 0.095
Market Cap C$ 7,604,462
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Vortex hires drilling contractor for Illapel phase 1

2024-07-24 11:50 ET - News Release

Mr. Vikas Ranjan reports

VORTEX METALS HIRES DRILLING CONTRACTOR FOR PHASE-1 DRILLING AT COPPER PROJECT IN CHILE

Vortex Metals Inc. has hired GeoSupply, a Chile-based geology and diamond drilling services company, for the commencement of its 3,000-metre, phase 1 drilling and exploration program at the Illapel copper project located in the Choapa province of Chile.

GeoSupply has drilling equipment with core recovery oriented to provide drilling services from surface or subway workings, without angle restriction and with lengths or depths up to 1,000 metres. GeoSupply has its own staff of qualified personnel to meet the operational needs of the field and a stock of accessories, spare parts and systems capable of solving the different types and conditions of the rocks to be drilled. It has worked with several mining and exploration companies in Chile and has received excellent recommendations from its past clients.

The Illapel copper concession surrounds the Rio 27 mine, a fully operational copper mine in production for over 10 years, which has processed approximately 400,000 tonnes of high-grade ore, with an average grade of 1.39 per cent copper and approximately seven grams silver.

The phase 1 drilling program aims to systematically evaluate and advance several high-priority targets within the project area, marking a pivotal step toward the company's objective to delineate a high-grade copper resource in one of the world's most prolific copper-producing regions.

"We are excited to find a suitable drilling services company for phase 1 drilling program at Illapel," said president and chief executive officer, Vikas Ranjan. "We were looking for a reliable drilling partner that could provide us the type of drilling equipment with most flexibility and fastest mobilization time, which Geosupply provides. We are looking forward to organizing and commencing phase 1 drill program in coming weeks. We look forward to sharing updates as we progress."

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 S.A. de C.V., it owns 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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