Vortex Metals Announces Results from Surface Sampling Program at Illapel Project, Chile
Vortex Metals Announces Results from
Surface Sampling Program at Illapel Project,
Chile
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2024) - Vortex Metals Inc. (TSXV: VMS)
(FSE: DM8) (OTCQB: VMSSF) (" Vortex" or the" Company ") is pleased to announce 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 multi-element analysis.
Preliminary results indicate significant copper mineralization, with 8 out of the 13 samples revealing
significant copper mineralization above 1.0% copper. Notable findings include:
Sample 1021
: 0.62 grams per ton (g/t) gold and 1.33% copper.
Sample 1019
: 75.2 g/t silver, and 4.31% copper.
Sample 1029
: 32.6 g/t silver, 0.21 g/t gold, and 5.85% copper.
These results suggest that the Illapel project has the potential to host high-grade copper and precious
metal deposits, highlighting its economic viability.
Fig 1.
Location of samples collected in July, 2024, Illapel project.
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Table 1.
Selected elements analyzed in the 13 surface samples.
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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:
1
.
Mantos
- Predominantly Cu-Ag mineralization.
2
.
Epithermal Vein Systems
- Characterized by Cu-Au 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.
Photo 1,2,3
.
Sample 1021
, quartz barite vein -
Sample 1028
, specularite and oxidized copper veins,
with malachite -
Sample 1018
, andesite agglomerate.
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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.
Contact Information:
Vikas Ranjan, President and CEO
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.
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