Vortex Energy Announces the Recommencement of its Drilling Program at the Robinsons River Salt Project, Newfoundland & Labrador
January 18 2024 - 7:00AM
Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3)
("
Vortex” or the "
Company") is
pleased to announce that the core drilling program has now
recommenced at its Robinsons River Salt Project (the
“
Project”) located near Stephenville, Newfoundland
& Labrador. The drilling program is once again being conducted
by Major Drilling Group International Inc. (“
Major
Drilling”) under the support of the Company’s consultant
partner, RESPEC Consulting Inc. (“
RESPEC”). The
Company is currently drilling core well two at the West structure
of The Project.
The objective of the drill program is to confirm
the depth of the salt structure and attain core which will be used
for future analysis of geological and geochemical properties of the
salt and non-salt rocks. During the drilling of core well one, the
Company intersected salt rock top at a depth of 581.5 meters at the
Western Salt Structure located within the Robinsons River Salt
Project.
Paul Sparkes, Chief Executive Officer,
commented, "We are excited to announce the recommencement of our
drilling program. Having successfully intersected salt during our
initial drill program, we are optimistic about once again
intersecting salt at core well two. I would also like to thank our
invaluable partners who have played a critical role in assisting
Vortex with this drill program and wish them the best of luck for a
safe and successful drilling program.”
Figure 1: Core Hole 2 Drill Rig
Figure 2: Core Hole 2 Drill Rig
About Vortex Energy Corp.
Vortex Energy Corp. is an exploration stage company engaged
principally in the acquisition, exploration, and development of
mineral properties in North America. The company is currently
advancing its Robinson River Salt Project comprised of a total of
942 claims covering 23,500 hectares located approximately 35 linear
kms south of the town of Stephenville in the Province of
Newfoundland & Labrador. The Robinson River Salt Project is
prospective for both salt and hydrogen salt cavern storage. The
company is actively evaluating technologies to efficiently store
hydrogen or energy in salt caverns. Vortex Energy Corp. also holds
the Fire Eye Project, which is located in the Wollaston Domain of
northern Saskatchewan, Canada.
On Behalf of the Board of DirectorsPaul
SparkesChief Executive Officer, Director+1 (778)
819-0164info@vortexenergycorp.com
Cautionary Note Regarding
Forward-Looking Statements
Certain statements contained in this press
release constitute forward-looking information. These statements
relate to future events or future performance. The use of any of
the words “could”, “intend”, “expect”, “believe”, “will”,
“projected”, “estimated” and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the Company’s
current beliefs or assumptions as to the outcome and timing of such
future events. In particular, this press release contains
forward-looking information relating to, among other things, the
Company’s exploration plans at the Project, including the nature
and type of the Company’s exploration activities, the timing of
such exploration activities and the aim and objectives of the
Company’s exploration efforts; and the Company’s optimism regarding
intersecting salt at core well two.
Various assumptions or factors are typically
applied in drawing conclusions or making the forecasts or
projections set out in forward-looking information, including, in
respect of the forward-looking information included in this press
release, assumptions regarding the Company’s ability to execute on
its exploration plans at the Project, including that it will be
successful in carrying out such exploration activities on the
anticipated timeline and that such exploration activities will
yield the expected information and the desired outcomes; and that
the results of the Company’s exploration activities to date are
representative of the actual geological conditions and
mineralization at the Project.
Although forward-looking information is based on
the reasonable assumptions of the Company’s management, there can
be no assurance that any forward-looking information will prove to
be accurate. Forward-looking information involves known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking information. Such factors include,
among other things, the risk that exploration at the Project does
not proceed in the manner and on the timeline currently
contemplated, or at all; risks inherent in the exploration and
development of mineral deposits, including risks relating to
receiving requisite permits and approvals, changes in project
parameters or delays as plans continue to be redefined, that
mineral exploration is inherently uncertain and that the results of
mineral exploration may not be indicative of the actual geology or
mineralization of a project; that mineral exploration may be
unsuccessful or fail to achieve the results anticipated by the
Company; and that mineral exploration activities are often
unsuccessful. The forward-looking information contained in this
release is made as of the date hereof, and the Company is not
obligated to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors
should not place undue reliance on forward-looking
information. The foregoing statements expressly qualify any
forward-looking information contained herein.
The Canadian Securities Exchange (CSE) has not
reviewed, approved, or disapproved the contents of this press
release.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/728687d7-8b35-47f5-8c70-94a82e7f0b26
https://www.globenewswire.com/NewsRoom/AttachmentNg/cc3a9029-d994-4acf-b9e8-9248c98602de
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