Vortex Metals Announces Geophysics Results & Exploration Plans
Vortex Metals Announces Geophysics Results
& Exploration Plans
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2025) - Vortex Metals Inc. (TSXV: VMS)
(FSE: DM8) (OTCQB: VMSSF) ("
Vortex
" or the "
Company
") is pleased to announce that it has
received results from the recently concluded down-hole/borehole geophysics using the hole DVM-08 at
the Illapel Copper Project located near Illapel, Chile.
On February 1
st
, 2025, Vortex completed borehole geophysical logging of drill hole DVM-08. The entire
hole was open, and surveyed to 247m depth for gamma radiation, "short" and "long" resistivity,
resistance, spontaneous potential, and temperature.
As announced in a previous communication, drill hole DVM-08 is located just north of, and along strike
from, the Rio 27 mine, and intersected multiple zones of sulphides, including 60cm of high-grade copper
sulphide mineralization. As reported earlier, this intercept may represent the edges or borders of a
larger manto-style lens, and a program of down-hole electromagnetic geophysics was undertaken to test
for lateral extensions away from the hole.
Results from the down-hole/borehole survey confirm the following key findings:
1
.
The sulphide mineralization is responsive to electrical geophysical methods (i.e., resistivity and
resistance);
2
.
The sulphide mineralization extends to some indeterminate distance away from the drill hole over
significant widths; and
3
.
There is sufficient justification for additional drilling in the area to locate a larger, high-grade lens.
Specifically, the geophysical contractor, GEODATOS (of Chile) identified six sections that may reflect
lenses of sulphide mineralization, as shown in Table 1.
Table 1. Interpretation of drill hole intercepts with sections reflecting sulphide bodies based on
electrical borehole logging of Drill Hole 08.
Section
Intercept (m)
Thickness (m)
1
51-58
7
2
63-75
12
3
92-99
7
4
110-122
12
5
136-144
8
6
185-193
8
"The initial down-hole geophysics results are very encouraging and have strengthened our expectation
that mineralization continues along trend from the currently operating Rio 27 mine. It is also encouraging
to see convincing evidence of low resistivity near hole DMV-08, which further suggests that lenses of
mineralized bodies may exist in proximity to hole DVM-08, and further drilling is warranted in the area; as
stated by Vikas Ranjan, President, Co-Founder and CEO."
Plans are now underway to confirm additional drill targets in the vicinity of Drill Hole DVM-08.
In addition, further drilling is planned for an area of high-grade copper mineralization at artisanal mining
prospects located approximately 2km to the north of the Rio 27 mine in an area where the favourable
structure and stratigraphy have been identified.
Finally, plans are underway to mount an initial campaign of mapping, prospecting, and sampling in the
northeastern portion of the concession package where IOCG or intrusion-related mineralization has
been reported. Additionally, sampling will be done in drill hole DVM-08 to verify the copper grades of the
intercepts with sulfides.
Qualified Person / Quality Assurance and Quality Control (QAQC)
Juan Carlos Fernández, P. Geo., is a qualified person ("QP") as defined by NI 43-101 and has reviewed
and approved the technical content of this press release.
About Vortex Metals Inc.
Vortex Metals Inc. 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% 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% interest in two drill-ready high-potential copper-gold volcanogenic massive
sulfide (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.
For further information regarding this press release contact:
Vikas Ranjan,
Chief Executive Officer and Director
Email:
Forward-Looking Statements
This press release may contain forward-looking statements that are made as of the date hereof and are
based on current expectations, forecasts and assumptions which involve risks and uncertainties
associated with our business including permitting approvals, any private placement financings, the
uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral
resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices,
estimated goals, expansion and growth of the business and operations, plans and references to the
Company's future successes with its business and the economic environment in which the business
operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to
be forward-looking statements under, applicable Canadian securities legislation. Any statements
contained herein that are statements of historical facts may be deemed to be forward-looking
statements. By their nature, forward-looking statements require us to make assumptions and are subject
to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance
on our forward-looking statements as several factors could cause actual results or conditions to differ
materially from current expectations. Please refer to the risks set forth in the Company's most recent
annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR at
www.sedarplus.ca
. The Company does not intend, and disclaims any obligation, except as required by
law, to update or revise any forward-looking statements whether as a result of new information, future
events or otherwise.
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/242412