Vortex Metals Provides Exploration and Geophysics Update
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 (TSXV: VMS, OTCQB: VMSSF) ha completato la fase 1 di esplorazione presso il Progetto Rame Illapel in Cile, comprendente otto perforazioni a diamante per un totale di 2.025 metri. Il programma ha mirato alla mineralizzazione di rame-argento vicino alla miniera Rio 27 e a vene contenenti rame-oro lungo il confine sud-ovest.
Tutte le perforazioni hanno intercettato mineralizzazione solfurea a bassa lega e alterazione idrotermale, con molteplici intercettazioni di pirite disseminata, calcopyrite, calcosite e bornite. In particolare, il foro DVM-08 ha registrato una forte mineralizzazione di calcosite e bornite su una larghezza di 0,60 m, coerente con i mantos di rame-argento ad alta lega trovati nella miniera Rio 27.
La società sta conducendo geofisica elettromagnetica in foro per testare le estensioni laterali. Il progetto presenta mineralizzazione di Rame Oro in Ossidi di Ferro (IOCG) ed è situato nella stessa sequenza del deposito IOCG di El Espino (150 milioni di tonnellate a 0,55% di rame e 0,22 gpt di oro) situato a 13 km a WNW.
Vortex Metals (TSXV: VMS, OTCQB: VMSSF) ha completado la fase 1 de exploración en el Proyecto de Cobre Illapel en Chile, que consiste en ocho pozos de perforación diamantina con un total de 2,025 metros. El programa tuvo como objetivo la mineralización de cobre-plateado cerca de la mina Rio 27 y las venas que contienen cobre-oro en la frontera suroeste.
Todos los pozos intersectaron mineralización de sulfuro de menor grado y alteración hidrotermal, con múltiples intercepciones de pirita diseminada, calcopirita, calcosita y bornita. En particular, el pozo DVM-08 encontró una fuerte mineralización de calcosita y bornita sobre un ancho de 0.60 m, consistente con los mantos de cobre-argento de alta ley en la mina Rio 27.
La compañía está realizando geofísica electromagnética de pozos para probar extensiones laterales. El proyecto presenta mineralización de Cobre Oro en Óxido de Hierro (IOCG) y se encuentra en la misma secuencia que el depósito IOCG de El Espino (150 millones de toneladas a 0.55% de cobre y 0.22 gpt de oro) situado a 13 km WNW.
Vortex Metals (TSXV: VMS, OTCQB: VMSSF)는 칠레 일라펠 구리 프로젝트에서 2025미터에 해당하는 8개의 다이아몬드 시추공을 포함한 1단계 탐사를 완료했습니다. 이 프로그램은 리오 27 광산 근처의 구리-은 광화 및 남서쪽 경계의 구리-금 광맥을 목표로 하였습니다.
모든 구멍은 저급의 황화물 광화와 열수변화대를 관통하였으며, 다수의 분산된 황철광, 구리광, 칼코사이트 및 본사이트의 여러 차단을 발견하였습니다. 특히 DVM-08 구멍은 0.60m 너비에 걸쳐 강한 칼코사이트와 본사이트 광화를 발견하였으며, 이는 리오 27 광산의 고등급 구리-은 맨토와 일치합니다.
회사는 수평 기-extension이 있는지 확인하기 위해 하부 전자기 지구 물리학을 수행하고 있습니다. 이 프로젝트는 철 산화물 구리 금 (IOCG) 광화가 나타나며, 엘 에스피노 IOCG 매장지(150백만 톤, 0.55% 구리 및 0.22gpt 금)와 동일한 연속체에 위치하고 있습니다. 이 매장지는 13km WNW에 있습니다.
Vortex Metals (TSXV: VMS, OTCQB: VMSSF) a achevé la phase 1 d'exploration du Projet de Cuivre Illapel au Chili, comprenant huit forages en diamant totalisant 2 025 mètres. Le programme visait la minéralisation de cuivre-argent près de la mine de Rio 27 et les veines contenant du cuivre-or sur la frontière sud-ouest.
Tous les forages ont intersecté une minéralisation sulfureuse de faible qualité et une altération hydrothermale, avec plusieurs interceptions de pyrite disséminée, chalcopyrite, chalcocite et bornite. Notamment, le forage DVM-08 a rencontré une forte minéralisation de chalcocite et de bornite sur une largeur de 0,60 m, cohérente avec les mantos de cuivre-argent de haute qualité de la mine de Rio 27.
L'entreprise mène des études géophysiques électromagnétiques pour tester les extensions latérales. Le projet présente une minéralisation de Cuivre Or en Oxyde de Fer (IOCG) et se situe dans la même séquence que le dépôt IOCG d'El Espino (150 millions de tonnes à 0,55 % de cuivre et 0,22 gpt d'or) situé à 13 km à l'ouest-nord-ouest.
Vortex Metals (TSXV: VMS, OTCQB: VMSSF) hat die Phase 1 der Exploration im Illapel Kupferprojekt in Chile abgeschlossen. Das Projekt umfasst acht Diamantbohrlöcher mit einer Gesamtlänge von 2.025 Metern. Das Programm zielte auf Kupfer-Silber-Mineralisation in der Nähe der Rio 27 Mine und auf kupfer- und goldhaltige Adern an der südwestlichen Grenze ab.
Alle Löcher schnittener niedrigerwertige Sulfidmineralisation und hydrothermale Umwandlung, mit mehrfachen Durchschlägen von disseminiertem Pyrit, Chalkopyrit, Chalkosith und Bornit. Besonders das Loch DVM-08 traf auf eine starke Chalkosith- und Bornitmineralisation über 0,60 m Breite, was mit hochgradigen Kupfer-Silber-Mantos in der Rio 27 Mine übereinstimmt.
Das Unternehmen führt geophysikalische Untersuchungen mit elektromagnetischen Verfahren durch, um seitliche Erweiterungen zu testen. Das Projekt zeigt Eisenoxid-Kupfer-Gold (IOCG) Mineralisation und befindet sich im selben Gelebungsverlauf wie das IOCG-Vorkommen El Espino (150 Millionen Tonnen bei 0,55% Kupfer und 0,22 gpt Gold), das sich 13 km WNW befindet.
- Discovery of strong chalcocite and bornite mineralization in hole DVM-08
- Project location in same geological sequence as significant El Espino IOCG Deposit
- Successful completion of Phase 1 exploration program with mineralization found in all holes
- Most drill holes showed only lower grade sulphide mineralization
- Core sample results still pending, no confirmed grades available
Vancouver, British Columbia--(Newsfile Corp. - February 6, 2025) - Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) ("Vortex" or the "Company") is pleased to announce that it has completed Phase 1 exploration, with eight holes diamond drill program for a total of 2,025 m, at the Illapel Copper Project located near Illapel, Chile.
Four holes targeted copper-silver mineralization along strike from the Rio 27 mine and four holes tested the area of cooper-gold-bearing veins on the southwestern border of the concession package. Lower grade sulphide mineralization and hydrothermal alteration were intersected in all holes, with multiple intercepts of disseminated pyrite, chalcopyrite, chalcocite and bornite. The drill cores have been sampled, some cores have been sent to the laboratory and sampling is in the process, results are pending.
The initial intercepts constitute disseminated mineralization, however, in hole DVM-08 an intercept of strong chalcocite and bornite mineralization was encountered over a width of 0.60 m. This is consistent with the high-grade copper-silver mantos found at the Rio 27 mine. This intercept may represent the edges or borders of a larger manto-style lens, and a program of down-hole electromagnetic geophysics is underway to test for lateral extensions away from the hole. Results are pending.
The Illapel Copper Project has multiple exposures of copper mineralization at surface in association with NNE-trending structures and cross-cutting ocoite dykes. Based on hole DVM-08 and upon the evaluation of geochemical and geophysical results, and additional field-mapping, additional drilling is currently being planned.
Iron Oxide Copper Gold (IOCG) mineralization was observed in the initial drill holes within a sequence of volcanic and sedimentary rocks. The Company also sampled the IOCG target area located approximately 4km to the northeast. Additional geological sampling and geophysics are planned to determine drill targets. The Vortex IOCG target is located in the same sequence of rocks as the 150 million tonne, El Espino IOCG Deposit grading 0.55 % copper and 0.22 gpt gold, located 13 km to the WNW.
"The initial drilling has shown that our geological model is correct. We now need to focus on vectoring toward the cross-cutting features as seen at the Rio 27 Mine. I am also pleased that we are developing drill targets on the key IOCG zone," said President, Co-Founder and CEO, Vikas Ranjan.
Qualified Person / Quality Assurance and Quality Control (QAQC)
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
For further information regarding this press release, contact:
Vikas Ranjan,
Chief Executive Officer and Director
Email: 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/239838
FAQ
What are the initial drilling results from Vortex Metals' (VMSSF) Illapel Copper Project?
How many meters were drilled in Vortex Metals' (VMSSF) Phase 1 exploration?
What is the significance of the El Espino IOCG Deposit to VMSSF's Illapel Project?
What type of mineralization was found in VMSSF's hole DVM-08?
