VANCOUVER, BC, July 24,
2024 /CNW/ - Vortex Metals Inc. (TSXV: VMS) (FSE:
DM8) (OTCQB: VMSSF) (" Vortex" or the" Company ") is pleased to
announce the hiring of "GeoSupply" a Chile based Geology & Diamond Drilling
Services Company for the commencement of its 3,000 metres, Phase-1
drilling and exploration program at the Illapel Copper Project
located in the Choapa Province of Chile.
GeoSupply has drilling equipment with core recovery oriented to
provide drilling services from surface or subway workings, without
angle restriction and with lengths or depths up to 1,000 meters.
GeoSupply has its own staff of qualified personnel to meet the
operational needs of the field and a stock of accessories, spare
parts and systems capable of solving the different types and
conditions of the rocks to be drilled. It has worked with several
mining and exploration companies in Chile and has received excellent
recommendations from its past clients.
The Illapel Copper concession surrounds the Rio 27 mine, a fully
operational copper mine in production for over ten years, which has
processed approximately 400,000 tonnes of high-grade ore, with an
average grade of 1.39% Cu and approximately 7g Ag.
The phase one drilling program aims to systematically evaluate
and advance several high-priority targets within the project area,
marking a pivotal step toward the Company's objective to delineate
a high-grade copper resource in one of the world's most prolific
copper-producing regions.
"We are excited to find a suitable drilling services company for
Phase-1 drilling program at Illapel," said President and CEO,
Vikas Ranjan. We were looking for a
reliable drilling partner that could provide us the type of
drilling equipment with most flexibility and fastest mobilization
time, which Geosupply provides. We are looking forward to
organizing and commencing phase one drill program in coming weeks.
We look forward to sharing updates as we progress."
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.
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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SOURCE Vortex Metals Inc.