Vortex Metals Initiates Comprehensive Environmental and Surface Geological Studies at Zaachila Copper Project in Mexico
Vortex Metals Initiates Comprehensive Environmental and Surface
Geological Studies at Zaachila Copper Project in Mexico
VANCOUVER, BC
,
May 18, 2023
/CNW/ - Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTC: VMSSF) ("Vortex" or the "Company") is pleased to announce the
initiation of its comprehensive environmental and surface geological studies at its
Zaachila Copper
project. The commencement of this work marks a significant
milestone in the project's advancement.
Building on the previous identification of copper mineralization (Ref:Company's NI 43-101 report filed on Sedar), Vortex Metals will begin an extensive program of
environmental baseline studies and corresponding surface geological work. This undertaking is designed to deepen the understanding of the project's potential
using an integrated approach in the documentation of the project's environmental state including the geologic environment.
The environmental and surface geological activities, which began on
May 15th
, have been made possible due to the previously announced community approval,
granted following a general assembly meeting held with the local people residing at the Zaachila project. Vortex Metals is deeply committed to conducting
responsible and sustainable operations, with a steadfast dedication to environmental stewardship and community engagement.
Under the expert guidance of Ambiental y Social Servicios Integrales (ASSI), a renowned Mexican environmental firm, a team of 10 environmental specialists,
supported by local community field assistants, will diligently gather vital data over the course of approximately 15 days. The study will focus on land uses defined
by the esteemed National Institute of Statistics Geography (INEGI) and informatics, encompassing an extensive area of 500 hectares.
The findings of the Environmental and surface geological work will serve as a crucial tool to protect the local environment, benefitting both the community and
Vortex Metals. Additionally, the environmental study will form the basis of an Environmental Impact Assessment (EIA) to be submitted to the Federal
Environmental Office, The Secretariat of Environment and Natural Resources (SEMARNAT). Seeking approval for advanced mineral exploration activities,
including drilling, the company is poised to advance its pursuit of multiple high-grade copper targets.
Vikas Ranjan
, Chief Executive Officer of Vortex Metals, expressed his enthusiasm for this significant milestone, stating, "The launch of our comprehensive
Environmental and surface geologic studies at the Zaachila project represents a pivotal moment for Vortex, as it brings us closer to exploring multiple high-grade
copper targets previously identified in geochemical targeting analysis by VMS expert and Vortex Metals' advisor, Jim Franklin. Vortex remains fully committed to
environmental sustainability, and we are grateful for the local community's support and collaboration throughout this process."
Qualified Person / Quality Control and Quality Assurance
Robert Johansing
, M.Sc. Econ. Geol., 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 the parent company of Mexican subsidiary Empresa Minera Acagold, S.A. de C.V., which is the owner of a 100% interest in two drill-ready
high-potential copper volcanogenic massive sulfide (VMS) properties (Riqueza Marina and Zaachila) in the state of Oaxaca, and a third high-potential gold
property (El Rescate) in the state of Puebla. The Oaxaca projects incorporate the most highly prospective areas of high-grade copper mineralized surface
exposures ('gossans') and prominent gravity anomalies along an emerging copper VMS belt that includes Minaurum Gold's (TSXV: MGG) Santa Marta project.
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 a number of 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.sedar.com
. 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.
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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SOURCE
Vortex Metals
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%SEDAR: 00040246E
For further information:
Vikas Ranjan, Chief Executive Officer and Director, Email: [email protected], Phone: 416-605-7024
CO: Vortex Metals
CNW 07:00e 18-MAY-23