Vortex Metals Begins Phase One Drilling on Illapel Copper Project
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) ha avviato il suo Programma di Perforazione e Esplorazione Fase 1 di 3.000 metri presso il Progetto Rame Illapel nella provincia di Choapa in Cile. Il programma, eseguito da GeoSupply sotto la supervisione dei geologi di Vortex Metals, mira a valutare obiettivi di alta priorità, tra cui:
1) La continuità della mineralizzazione Cu-Ag vicino alla miniera Rio 27
2) Le concessioni Tata 1 1/6 e Rio 7 1/20, dove i campionamenti hanno rivelato valori significativi di Cu e Au
Il progetto circonda la miniera operativa Rio 27, che ha elaborato circa 400.000 tonnellate di minerale di alta qualità (1,39% Cu, 7g Ag) dal 2010. Il CEO Vikas Ranjan ha sottolineato l'importanza del programma per comprendere il potenziale del progetto e aumentare il valore per gli azionisti.
Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) ha comenzado su Programa de Perforación y Exploración de Fase 1 de 3,000 metros en el Proyecto de Cobre Illapel, en la provincia de Choapa, Chile. El programa, ejecutado por GeoSupply bajo la supervisión de los geólogos de Vortex Metals, tiene como objetivo evaluar objetivos de alta prioridad, incluyendo:
1) La continuidad de la mineralización de Cu-Ag cerca de la mina Rio 27
2) Las concesiones Tata 1 1/6 y Rio 7 1/20, donde el muestreo reveló importantes valores de Cu y Au
El proyecto rodea la mina operativa Rio 27, que ha procesado alrededor de 400,000 toneladas de mineral de alta ley (1.39% Cu, 7g Ag) desde 2010. El CEO Vikas Ranjan enfatizó la importancia del programa para entender el potencial del proyecto y aumentar el valor para los accionistas.
Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF)는 칠레 Choapa 주의 Illapel 구리 프로젝트에서 3,000m 1단계 시추 및 탐사 프로그램을 시작했습니다. 이 프로그램은 Vortex Metals의 지질학자 감독 하에 GeoSupply가 실행하며, 다음을 포함한 높은 우선순위의 목표를 평가하는 것을 목표로 하고 있습니다:
1) Rio 27 광산 근처의 Cu-Ag 광물화 연속성
2) 샘플링에서 중요한 Cu 및 Au 가치를 나타낸 Tata 1 1/6 및 Rio 7 1/20 양허권
이 프로젝트는 2010년 이후 약 400,000톤의 고품질 광석(1.39% Cu, 7g Ag)을 처리한 Rio 27 광산을 둘러싸고 있습니다. CEO Vikas Ranjan은 이 프로그램이 프로젝트의 잠재력을 이해하고 주주 가치를 증대시키는 데 중요하다고 강조했습니다.
Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) a lancé son Programme de forage et d'exploration de phase 1 de 3 000 mètres au projet de cuivre d'Illapel dans la province de Choapa au Chili. Le programme, exécuté par GeoSupply sous la supervision des géologues de Vortex Metals, vise à évaluer des cibles de haute priorité, y compris :
1) La continuité de la minéralisation Cu-Ag près de la mine Rio 27
2) Les concessions Tata 1 1/6 et Rio 7 1/20, où des échantillonnages ont révélé des valeurs significatives de Cu et Au
Le projet entoure la mine opérationnelle Rio 27, qui a traité environ 400 000 tonnes de minerai de haute qualité (1,39 % Cu, 7 g Ag) depuis 2010. Le PDG Vikas Ranjan a souligné l'importance du programme pour comprendre le potentiel du projet et accroître la valeur pour les actionnaires.
Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) hat mit dem 3.000 Meter Phase 1 Bohr- und Explorationsprogramm im Illapel Kupferprojekt in der Provinz Choapa, Chile, begonnen. Das Programm, das von GeoSupply unter der Aufsicht der Geologen von Vortex Metals durchgeführt wird, zielt darauf ab, hochpriorisierte Ziele zu bewerten, darunter:
1) Die Kontinuität der Cu-Ag-Mineralisierung in der Nähe der Mine Rio 27
2) Die Konzessionen Tata 1 1/6 und Rio 7 1/20, wo Proben signifikante Cu- und Au-Werte zeigten
Das Projekt umgibt die betriebene Mine Rio 27, die seit 2010 etwa 400.000 Tonnen hochgradiges Erz (1,39% Cu, 7g Ag) verarbeitet hat. CEO Vikas Ranjan betonte die Bedeutung des Programms für das Verständnis des Potenzials des Projekts und zur Steigerung des Aktionärswerts.
- Commencement of 3,000-meter Phase 1 Drilling Program at Illapel Copper Project
- High-priority targets identified through multiple field prospecting campaigns
- Project surrounds an operational copper mine with high-grade ore (1.39% Cu, 7g Ag)
- Potential for significant discovery to enhance shareholder value
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2024) - Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) (" Vortex" or the" Company ") is pleased to announce the commencement of its 3,000-meter, Phase 1 Drilling and Exploration Program at the Illapel Copper Project, located in the Choapa Province of Chile.
As previously announced, "GeoSupply," a Chile-based Geology & Diamond Drilling Services Company, will undertake the drilling program under the supervision of Vortex Metals' geologists.
The Phase 1 drilling program aims to evaluate and advance several high-priority targets within the project area, specifically: 1) the continuity of Cu-Ag mineralization to the north and south of the Rio 27 mine (sites 1, 2, 5 & 6 in Fig. 1) and; 2) the Tata 1 1/6 and Rio 7 1/20 concessions (sites 3 & 4 in Fig. 1), where sampling of veins in outcrops returned significant values in Cu & Au.
Figure 1. Illapel Phase-1 Drill Targets
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2778/222742_1f22c4a5140cdb80_001full.jpg
Vortex Metals' inaugural drill program will focus on high-priority targets identified during multiple field prospecting campaigns, including the most recent conducted in July of 2024. Dr. John Larson — Director of Vortex Metals and former manager of Latin America Exploration and Global Porphyry Exploration for BHP and BHP Billiton — led this latest fieldwork between July 4th and July 6th, 2024.
The Illapel Copper concessions surround the Rio 27 mine, a fully operational copper mine that has been in production since 2010. The mine has processed approximately 400,000 tonnes of high-grade ore, with an average grade of
Vikas Ranjan, CEO of Vortex Metals, commented on the significance of this drilling program: "The commencement of this drill program at Illapel marks a pivotal moment for Vortex Metals. Our team has worked diligently to identify these high-priority targets, and this initial phase of drilling is crucial in advancing our understanding of the project's potential. We are committed to delivering results that justify our investors' patience and believe that a significant discovery at Illapel could greatly enhance shareholder value."
Qualified Person / Quality Control and Quality Assurance
Juan Carlos Fernández, 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 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
Contact Information:
Vikas Ranjan, CEO
vranjan@vortexmetals.ca
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222742
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