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Vortex Metals Inc
Symbol VMS
Shares Issued 80,046,968
Close 2024-09-09 C$ 0.085
Market Cap C$ 6,803,992
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Vortex Metals begins phase 1 drilling at Illapel

2024-09-10 10:08 ET - News Release

Mr. Vikas Ranjan reports

VORTEX METALS BEGINS PHASE ONE DRILLING ON ILLAPEL COPPER PROJECT

Vortex Metals Inc. has commenced its 3,000-metre, phase 1 drilling and exploration program at the Illapel copper project, located in the Choapa province of Chile.

As previously announced, GeoSupply, a Chilean-based geology and diamond drilling service company, will undertake the drilling program under the supervision of Vortex Metals' geologists.

The phase 1 drilling program aims to evaluate and advance several high-priority targets within the project area, specifically: (1) the continuity of copper-silver mineralization to the north and south of the Rio 27 mine (sites 1, 2, 5 and 6); and (2) the Tata 1 1/6 and Rio 7 1/20 concessions (sites 3 and 4), where sampling of veins in outcrops returned significant values in copper and gold.

Vortex Metals' inaugural drill program will focus on high-priority targets identified during multiple field prospecting campaigns, including the most recent conducted in July, 2024. Dr. John Larson, a director of Vortex Metals and former manager of Latin America Exploration and Global Porphyry Exploration for BHP and BHP Billiton, led this latest fieldwork between July 4 and July 6, 2024.

The Illapel copper concessions surround the Rio 27 mine, a fully operational copper mine that has been in production since 2010. The mine has processed approximately 400,000 tonnes of high-grade ore, with an average grade of 1.39 per cent copper and approximately seven grams per tonne silver.

Vikas Ranjan, chief executive officer of Vortex Metals, commented on the significance of this drilling program: "The commencement of this drill program at Illapel marks a pivotal moment for Vortex Metals. Our team has worked diligently to identify these high-priority targets, and this initial phase of drilling is crucial in advancing our understanding of the project's potential. We are committed to delivering results that justify our investors' patience and believe that a significant discovery at Illapel could greatly enhance shareholder value."

Qualified person and quality assurance/quality control

Juan Carlos Fernandez, PGeo, is a qualified person 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 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 an 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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