Vortex Metals Begins Phase One Drilling on Illapel Copper Project
Vortex Metals Begins Phase One Drilling on
Illapel Copper Project
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2024) - Vortex Metals Inc. (TSXV: VMS)
(FSE: DM8) (OTCQB: VMSSF) (" Vortex" or the" Company ") is pleased to announce the
commencement of its 3,000-meter, Phase 1 Drilling and Exploration Program at the Illapel Copper
Project, located in the Choapa Province of Chile.
As previously announced, "GeoSupply," a Chile-based Geology & Diamond Drilling Services Company,
will undertake the drilling program under the supervision of Vortex Metals' geologists.
The Phase 1 drilling program aims to evaluate and advance several high-priority targets within the
project area, specifically: 1) the continuity of Cu-Ag mineralization to the north and south of the Rio 27
mine (sites 1, 2, 5 & 6 in Fig. 1) and; 2) the Tata 1 1/6 and Rio 7 1/20 concessions (sites 3 & 4 in Fig. 1),
where sampling of veins in outcrops returned significant values in Cu & Au.
Figure 1. Illapel Phase-1 Drill Targets
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Vortex Metals' inaugural drill program will focus on high-priority targets identified during multiple field
prospecting campaigns, including the most recent conducted in July of 2024. Dr. John Larson —
Director of Vortex Metals and former manager of Latin America Exploration and Global Porphyry
Exploration for BHP and BHP Billiton — led this latest fieldwork between July 4th and July 6th, 2024.
The Illapel Copper concessions surround the Rio 27 mine, a fully operational copper mine that has been
in production since 2010. The mine has processed approximately 400,000 tonnes of high-grade ore,
with an average grade of 1.39% Cu and approximately 7g Ag.
Vikas Ranjan, CEO of Vortex Metals, commented on the significance of this drilling program:
"The
commencement of this drill program at Illapel marks a pivotal moment for Vortex Metals. Our team
has worked diligently to identify these high-priority targets, and this initial phase of drilling is crucial in
advancing our understanding of the project's potential. We are committed to delivering results that
justify our investors' patience and believe that a significant discovery at Illapel could greatly enhance
shareholder value."
Qualified Person / Quality Control and Quality Assurance
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.
Contact Information:
Vikas Ranjan, 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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