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Vortex Metals Inc
Symbol VMS
Shares Issued 80,046,968
Close 2024-09-16 C$ 0.095
Market Cap C$ 7,604,462
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Vortex Metals samples up to 5.85% Cu at Illapel

2024-09-17 09:51 ET - News Release

Mr. Vikas Ranjan reports

VORTEX METALS ANNOUNCES RESULTS FROM SURFACE SAMPLING PROGRAM AT ILLAPEL PROJECT, CHILE

Vortex Metals Inc. has released results from the recent surface sampling program conducted at the Illapel copper project in Chile. The program, executed during the month of July, 2024, focused on evaluating mineralization across several key areas within the project concessions.

Program highlights

Dr. John Larson, director of Vortex Metals and former manager of Latin America exploration for BHP and BHP Billiton, led the fieldwork at Illapel. Dr. Larson and his team collected 13 surface samples, which were subsequently sent to ALS laboratories in Santiago for multielement analysis.

Preliminary results indicate significant copper mineralization, with eight out of the 13 samples revealing significant copper mineralization above 1.0 per cent copper. Notable findings include:

  • Sample 1021: 0.62 gram per tonne gold and 1.33 per cent copper;
  • Sample 1019: 75.2 grams per tonne silver and 4.31 per cent copper;
  • Sample 1029: 32.6 grams per tonne silver, 0.21 gram per tonne gold and 5.85 per cent copper.

These results suggest that the Illapel project has the potential to host high-grade copper and precious metal deposits, highlighting its economic viability.

In addition to copper, gold and silver, the program identified elevated levels of associated elements such as iron, molybdenum and cobalt, providing further insight into the style of mineralization within the project area. The results confirm that the Illapel concessions have the potential to host at least two distinct styles of mineralization:

  • Mantos -- predominantly copper-silver mineralization;
  • Epithermal vein systems -- characterized by copper-gold mineralization.

The company has also collected bulk samples to produce standards for quality control in future drill core analysis, ensuring the accuracy and reliability of exploration results.

Qualified person, quality assurance/quality control

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 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.

The company cautions that mineralization on or production from neighbouring properties is no guarantee of the existence of similar mineralization or a guarantee of future production from the Illapel project.

We seek Safe Harbor.

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