Mr. Vikas Ranjan reports
VORTEX METALS PROVIDES EXPLORATION AND GEOPHYSICS UPDATE
Vortex Metals Inc. has completed phase 1 exploration, with eight holes diamond drill program for a total of 2,025 m, at the Illapel Copper Project located near Illapel, Chile.
Four holes targeted copper-silver mineralization along strike from the Rio 27 mine and four holes tested the area of cooper-gold-bearing veins on the southwestern border of the concession package. Lower-grade sulphide mineralization and hydrothermal alteration were intersected in all holes, with multiple intercepts of disseminated pyrite, chalcopyrite, chalcocite and bornite. The drill cores have been sampled, some cores have been sent to the laboratory and sampling is in process; results are pending.
The initial intercepts constitute disseminated mineralization; however, in hole DVM-08 an intercept of strong chalcocite and bornite mineralization was encountered over a width of 0.60 metre. This is consistent with the high-grade copper-silver mantos found at the Rio 27 mine. This intercept may represent the edges or borders of a larger manto-style lens and a program of downhole electromagnetic geophysics is under way to test for lateral extensions away from the hole. Results are pending.
The Illapel copper project has multiple exposures of copper mineralization at surface in association with north-northeast-trending structures and crosscutting ocoite dikes. Based on hole DVM-08 and upon the evaluation of geochemical and geophysical results and additional field mapping, additional drilling is currently being planned.
Iron-oxide copper/gold (IOCG) mineralization was observed in the initial drill holes within a sequence of volcanic and sedimentary rocks. The company also sampled the IOCG target area located approximately four kilometres to the northeast. Additional geological sampling and geophysics are planned to determine drill targets. The Vortex IOCG target is located in the same sequence of rocks as the 150-million-tonne El Espino IOCG deposit grading 0.55 per cent copper and 0.22 grams per tonne gold, located 13 kilometres to the west-northwest.
"The initial drilling has shown that our geological model is correct. We now need to focus on vectoring toward the crosscutting features as seen at the Rio 27 mine. I am also pleased that we are developing drill targets on the key IOCG zone," said Vikas Ranjan, president, co-founder and chief executive officer.
Qualified person and 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 an 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 sustainably.
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