Vortex Metals Receives Community Approval for Environmental and Surface Geological Baseline Study at Flagship Zaachila Copper Project
Vortex Metals Receives Community Approval
for Environmental and Surface Geological
Baseline Study at Flagship Zaachila Copper
Project
VANCOUVER, BC
,
April 19, 2023
/CNW/ - Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTC:
VMSSF) ("Vortex" or the "Company") is pleased to announce that on
April 16
th
2023, the local
community residing at the Zaachila project, held a general assembly and approved the augmentation
of an environmental baseline study, including biological studies and surface geological work for
targeting at the company's flagship
Zaachila Copper
project, located in
Southern Oaxaca, Mexico
.
Under the direction of Mexican environmental firm Ambiental y Social Servicios Integrales (ASSI), the
baseline study will focus on gathering data on 7 land uses as defined by the National Institute of
Statistics Geography (INEGI), and informatics. The study will be developed during a 30-day period
by a group of 10 environmental specialists supported by field assistants from the local community,
and it will involve a total area of 500 Ha.
This study will provide the basis for an environmental diagnosis that will be presented to the local
community as a tool to protect their environment and to the Federal Environmental Office, The
Secretariat of Environment and Natural Resources (SEMARNAT), in the form of an EIA study for
approval of advanced mineral exploration activities.
Previous mineral exploration activities at the Zaachila project identified significant anomalous copper
mineralization followed by a geochemical targeting analysis by world-renowned Volcanogenic
Massive Sulfide (VMS) expert and Vortex Metals' advisor,
Jim Franklin
.
Geochemical Anomalies at Zaachila:
Surface copper mineralization occurs along a >5 km trend in stratigraphic horizons adjacent to a
trondhjemite complex
1.5 x 1 km gravity anomaly is located adjacent to the most persistent and extensive copper-in-
rock anomalies
Pronounced 3 km linear magnetic low is centered directly beneath the most persistent and
extensive surface copper mineralization
Figure 1. Zaachila Project Area and Surface Copper Mineralization. (CNW Group/Vortex Metals)
Figure 2. Geo Chemical Anomalies at Zaachila Project (CNW Group/Vortex Metals)
The mineralized system at Zaachila is classified by Franklin as 'bimodal mafic' – similar to the
Noranda Camp (
Canada
) deposits, and the large VMS deposits in
Latin America
including Tambo
Grande, San Nicholas and
Campo Morado
.
Project Geologist,
Rob Johansing
has also recommended that the Company complete geological
mapping, sampling and trenching. Followed by surface impact definition that will be needed for drill
permitting.
Vortex Metals' Chief Executive Officer
Vikas Ranjan
commented, "This community approval is the
result of Vortex Metals systematic and responsible community engagement process designed to
ensure respect, transparency and sustainability in the relation of the company with its stakeholders
and shareholders. We are very pleased with the community's approval of environmental works at the
Zaachila project, and with the support from local stakeholders. We believe that with future
submission of an EIA study, Vortex will be a step closer to exploring multiple high-grade copper
targets identified by our co-founder and leading geologist, the late
Dave Jones
."
About Vortex Mines 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.
SOURCE
Vortex Metals
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For further information:
Vikas Ranjan, Chief Executive Officer and Director, Email:
[email protected], Phone: 416-605-7024
CO: Vortex Metals
CNW 07:00e 19-APR-23