VANCOUVER, BC, June 1, 2023
/CNW/ - Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTC: VMSSF)
("Vortex" or the "Company") is pleased to announce the successful
completion of the field work for the Environmental Baseline Study
(EBS) conducted at its Zaachila
Copper project in Southern Oaxaca,
Mexico. The study was conducted under the guidance of
Mexican environmental firm Ambiental y Social Servicios Integrales
(ASSI), composed of 10 environmental specialists focused on fauna
and flora.
The field work commenced on May
16th, following the local community's approval of
the comprehensive EBS, which includes biological studies and
surface geological work. Throughout the field program, the team of
environmental specialists worked in close coordination with the
local community, as well as the company's senior geologist
Rob Johansing and community
relations consultant Jorge Mario
Rios, ensuring effective collaboration with the local
authorities. The flora and fauna component of the field program was
completed on May 27 while the
geologic studies are anticipated to be completed before
September 1st.
The field work involved five specialized teams focusing on
specific areas: reptiles and amphibians, mammals, fish, birds and
flora. Baseline sampling activities encompassed the area proposed
for drilling as well as the surrounding area to assure the broader
eco-system was sufficiently defined. Sampling efforts considered
the specific land uses identified by the National Institute of
Statistics, Geography, and Information (INEGI). The study results
will be analyzed to assess the biodiversity across project area.
This information is foundational in the preparation of the
Environmental Impact Statement (EIS) that SEMARNAT requires for the
evaluation and approval of exploration drilling.
Vikas Ranjan, Chief Executive
Officer of Vortex Metals, emphasized the significance of this
comprehensive analysis, stating, "The results of this study will be
an integral part of the EIA that Vortex Metals will submit in the
coming weeks, bringing us one step closer to advancing the Zaachila
copper project for mineral exploration of the previously identified
significant anomalous copper mineralization."
Concurrent with the EBS, geologic studies were initiated and are
focusing on the roughly >5km copper-in-rock anomaly hosted by a
package of sub-marine volcanic breccia and debris deposits
intercalated with 'exhalite' beds or lenses. This package is
located near the southern margin of a roughly parallel
trondjhemitic intrusive complex and contains rocks with high
contents of base metals and volatile elements (Sb, As). Owing to
the development of a thin saprolite profile and oxidation of the
sulfides, a trenching program has been initiated and will attempt
to open numerous exposures where historical sampling has been
conducted. The program will better define geologic continuity and
sites for proposed drilling required for completion of the
Environmental Impact Study. All work is being conducted by teams
from the community of Zaachila.
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