Vortex Metals - VMSSF STOCK NEWS

Vortex Metals (TSXV: VMS, OTCQB: VMSSF) has completed Phase 1 exploration at the Illapel Copper Project in Chile, consisting of eight diamond drill holes totaling 2,025 meters. The program targeted copper-silver mineralization near the Rio 27 mine and copper-gold-bearing veins on the southwestern border.

All holes intersected lower grade sulphide mineralization and hydrothermal alteration, with multiple intercepts of disseminated pyrite, chalcopyrite, chalcocite and bornite. Notably, hole DVM-08 encountered strong chalcocite and bornite mineralization over 0.60m width, consistent with high-grade copper-silver mantos at Rio 27 mine.

The company is conducting down-hole electromagnetic geophysics to test for lateral extensions. The project shows Iron Oxide Copper Gold (IOCG) mineralization and is located in the same sequence as the El Espino IOCG Deposit (150 million tonnes at 0.55% copper and 0.22 gpt gold) situated 13 km WNW.

Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) has announced results from its recent surface sampling program at the Illapel Copper Project in Chile. The program, conducted in July 2024, yielded promising results with 8 out of 13 samples showing significant copper mineralization above 1.0%. Notable findings include:

• Sample 1021: 0.62 g/t gold and 1.33% copper
• Sample 1019: 75.2 g/t silver and 4.31% copper
• Sample 1029: 32.6 g/t silver, 0.21 g/t gold, and 5.85% copper

The results suggest potential for high-grade copper and precious metal deposits. The project area shows evidence of two distinct mineralization styles: Mantos (Cu-Ag) and Epithermal Vein Systems (Cu-Au). Elevated levels of iron, molybdenum, and cobalt were also identified.

Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) has begun its 3,000-meter Phase 1 Drilling and Exploration Program at the Illapel Copper Project in Chile's Choapa Province. The program, executed by GeoSupply under Vortex Metals' geologists' supervision, aims to evaluate high-priority targets, including:

1) The continuity of Cu-Ag mineralization near the Rio 27 mine
2) The Tata 1 1/6 and Rio 7 1/20 concessions, where sampling revealed significant Cu & Au values

The project surrounds the operational Rio 27 mine, which has processed about 400,000 tonnes of high-grade ore (1.39% Cu, 7g Ag) since 2010. CEO Vikas Ranjan emphasized the program's importance for understanding the project's potential and enhancing shareholder value.

Vortex Metals Inc. (TSXV: VMS, FSE: DM8, OTCQB: VMSSF) has hired GeoSupply, a Chile-based drilling company, for its 3,000-meter Phase-1 drilling program at the Illapel Copper Project in Chile's Choapa Province. GeoSupply offers flexible drilling services with depths up to 1,000 meters and has a strong track record in Chile. The Illapel concession surrounds the Rio 27 mine, which has processed about 400,000 tonnes of high-grade ore (1.39% Cu, 7g Ag) over ten years. This drilling program aims to evaluate high-priority targets to delineate a high-grade copper resource in a prolific copper-producing region. CEO Vikas Ranjan expressed excitement about partnering with GeoSupply, citing their flexibility and fast mobilization as key factors.

Vortex Metals has appointed Banco de Chile Director, Mr. Paul Fürst, to its Board of Directors. Mr. Fürst brings over 18 years of experience in the mining industry, with a strong background in mining services, drilling, and project management. His extensive business credentials include being a partner and board member of Ventana Minerals and Terra Services. Additionally, he holds significant roles in Latin America's retail sector, notably with Mall Plaza and Grupo Plaza SA. Vortex Metals granted 1.625 million incentive stock options at $0.10 per share and one million restricted share units (RSUs) to its directors and officers. This strategic appointment and the equity incentives signify Vortex Metals' commitment to advancing its mining projects in Chile and Mexico.

Vortex Metals announces the commencement of its Phase One Drilling and Exploration Program at the Illapel Copper Project in Chile, starting in Q3 2024. This initiative aims to evaluate high-priority targets within the project area, leveraging detailed geological mapping and advanced drilling techniques. The program focuses on delineating a high-grade copper resource, with specific sites north and south of the Rio 27 mine identified for initial drilling. Previous surface exploration revealed copper mineralization ranging from 0.40% to 6.54% Cu, with most samples exceeding the Rio 27 mine's average grade. The project area includes 33 concessions, covering 5,970 hectares, and features a fully operational copper mine, Rio 27, which has processed approximately 400,000 tonnes of high-grade ore since 2010. The exploration aims to expand geological understanding and prioritize new drilling targets based on detailed mapping and sampling.

Vortex Metals has secured final approval from the TSX Venture Exchange for acquiring up to 80% interest in the Illapel Copper Project in Chile. This project includes three mineral leases totaling 6,000 hectares, adjacent to the operating Rio 27 Copper Mine with an average ore grade of 1.39% copper.

The approval follows an Option Agreement with Windows Minerals and SLM Rio 27 de Farellon Sanchez. Vortex aims to pay $1.1M in cash over four years, issue up to 23M common shares over six years, and invest $10M in exploration over five years to secure a 60% interest. A pre-feasibility study is also required within six years.

Phase-1 exploration will begin immediately, focusing on high-priority targets. The company has also announced CFO changes, with Calibre Capital Partners' Kevin Ma stepping in.

Vortex Metals has issued a correction related to a previously closed non-brokered private placement. Initially reported on May 7, 2024, the company excluded 360,000 units subscribed by an investor in its earlier announcement. These units have now been included, bringing the total to 19,729,411 common shares and 9,864,706 share purchase warrants. The total amount raised from the private placement is C$1,775,646.99. All other details remain unchanged.

Vortex Metals Inc. has secured conditional approval from the TSX Venture Exchange for its acquisition of up to 80% interest in the Illapel Copper Project in Chile. The company is moving towards final approval and plans to start an exploration program to evaluate high-priority targets and expand regional geological exploration. Vortex is focused on enhancing shareholder value through this strategic acquisition.