Vortex Metals Provides Exploration and Geophysics Update
Vortex Metals Provides Exploration and
Geophysics Update
Vancouver, British Columbia--(Newsfile Corp. - February 6, 2025) - Vortex Metals Inc. (TSXV: VMS)
(FSE: DM8) (OTCQB: VMSSF) ("
Vortex
" or the "
Company
") is pleased to announce that it 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 the 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 m. 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 down-hole electromagnetic geophysics
is underway 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
NNE-trending structures and cross-cutting ocoite dykes. 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 4km 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 % copper and 0.22 gpt gold, located 13 km to the
WNW.
"The initial drilling has shown that our geological model is correct. We now need to focus on vectoring
toward the cross-cutting features as seen at the Rio 27 Mine. I am also pleased that we are developing
drill targets on the key IOCG zone," said President, Co-Founder and CEO, Vikas Ranjan.
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/239838