Vortex Energy Announces Commencement of Second Phase of Drilling at the Third Core Well at the Robinsons River Salt Project
Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) has completed the first phase of drilling and commenced the second phase at the third well of its Robinsons River Salt Project in Newfoundland & Labrador. The drilling is being conducted by Forage FTE Drilling and Major Drilling International, under the supervision of RESPEC Consulting Inc.
The first phase reached 327 meters using reverse flooded dual rotary drilling, while the second phase aims to drill from 327 meters to approximately 1,000 meters using diamond drilling. The objective is to confirm salt structure depths and obtain geological and geochemical properties of salt and non-salt rocks.
Core samples will be tested by RESPEC and the University of Alberta for hydrogen testing, as part of a collaboration that received $1.2 million in Alberta Innovates Funding.
Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) ha completato la prima fase di perforazione e iniziato la seconda fase presso il terzo pozzo del suo progetto salino Robinsons River in Newfoundland e Labrador. La perforazione è condotta da Forage FTE Drilling e Major Drilling International, sotto la supervisione di RESPEC Consulting Inc.
La prima fase ha raggiunto 327 metri utilizzando il metodo di perforazione rotativa duale in controflusso, mentre la seconda fase ha l'obiettivo di perforare da 327 metri fino a circa 1.000 metri utilizzando la perforazione a diamante. L'obiettivo è confermare la profondità delle strutture saline e ottenere proprietà geologiche e geochimiche delle rocce saline e non saline.
Campioni di nucleo saranno testati da RESPEC e dall'Università dell'Alberta per prove di idrogeno, come parte di una collaborazione che ha ricevuto $1.2 milioni in finanziamenti da Alberta Innovates.
Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) ha completado la primera fase de perforación y ha comenzado la segunda fase en el tercer pozo de su proyecto de sal en Robinsons River, Newfoundland y Labrador. La perforación es realizada por Forage FTE Drilling y Major Drilling International, bajo la supervisión de RESPEC Consulting Inc.
La primera fase alcanzó 327 metros utilizando la perforación rotativa dual en contraflujo, mientras que la segunda fase tiene como objetivo perforar de 327 metros a aproximadamente 1,000 metros utilizando perforación de diamante. El objetivo es confirmar las profundidades de las estructuras salinas y obtener propiedades geológicas y geoquímicas de las rocas salinas y no salinas.
Las muestras de núcleo serán analizadas por RESPEC y la Universidad de Alberta para pruebas de hidrógeno, como parte de una colaboración que recibió $1.2 millones en financiamiento de Alberta Innovates.
Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3)는 시추의 첫 번째 단계를 완료하고 두 번째 단계를 시작했습니다. 이는 Newfoundland 및 Labrador의 Robinsons River 소금 프로젝트에 있는 세 번째 우물에서 진행되고 있습니다. 시추는 Forage FTE Drilling과 Major Drilling International에 의해 이루어지며, RESPEC Consulting Inc.의 감독 하에 진행됩니다.
첫 번째 단계는 327미터에 도달했으며, 역 유동 이중 회전식 시추를 사용했습니다. 두 번째 단계는 1,000미터까지 시추하는 것을 목표로 하며, 다이아몬드 시추를 사용합니다. 목표는 소금 구조의 깊이를 확인하고 소금 및 비 소금 암석의 지질학적 및 지구화학적 성질을 확보하는 것입니다.
핵심 샘플은 RESPEC와 알버타 대학교에서 수소 테스트를 위해 분석될 예정이며, 이는 알버타 이노베이츠 기금으로 120만 달러를 받은 협력의 일환입니다.
Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) a complété la première phase de forage et a commencé la deuxième phase au troisième puits de son projet de sel Robinsons River, à Terre-Neuve-et-Labrador. Le forage est réalisé par Forage FTE Drilling et Major Drilling International, sous la supervision de RESPEC Consulting Inc.
La première phase a atteint 327 mètres en utilisant la technique de forage rotatif inverse, tandis que la deuxième phase vise à forer de 327 mètres jusqu'à environ 1 000 mètres en utilisant le forage au diamant. L'objectif est de confirmer les profondeurs des structures salines et d'obtenir des propriétés géologiques et géochimiques des roches salines et non salines.
Des échantillons de carottes seront testés par RESPEC et l'Université de l'Alberta pour des tests d'hydrogène, dans le cadre d'une collaboration qui a reçu 1,2 million de dollars de financement d'Alberta Innovates.
Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) hat die erste Phase der Bohrung abgeschlossen und die zweite Phase begonnen am dritten Bohrloch seines Robinsons River Salzprojekts in Newfoundland und Labrador. Die Bohrarbeiten werden von Forage FTE Drilling und Major Drilling International unter der Aufsicht von RESPEC Consulting Inc. durchgeführt.
Die erste Phase erreichte 327 Meter mit reverse gefluteter dualer Rotationsbohrung, während die zweite Phase zielt darauf ab, von 327 Metern auf etwa 1.000 Meter mittels Diamantbohrung zu bohren. Ziel ist es, die Tiefen der Salzstrukturen zu bestätigen und geologische sowie geochemische Eigenschaften von Salz- und Nichtsalz-Gesteinen zu erhalten.
Kernproben werden von RESPEC und der Universität von Alberta auf Wasserstoff getestet, im Rahmen einer Zusammenarbeit, die 1,2 Millionen Dollar an Fördermitteln von Alberta Innovates erhalten hat.
- Completion of first phase and commencement of second phase drilling at the third well
- Collaboration with University of Alberta received $1.2 million in Alberta Innovates Funding
- Comprehensive drill program designed to increase chances of exploration success
- None.
Forage FTE Drilling has completed the first phase of drilling of the third well and Major Drilling Group International Inc. has commenced the second phase of core drilling
VANCOUVER, British Columbia, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) ("Vortex” or the "Company") is pleased to announce the completion of the first phase of drilling of the third well at the Robinsons River Salt Project (the “Property”), located near Stephenville, Newfoundland & Labrador, and the commencement of the second phase of drilling. The drilling is being conducted by Forage FTE Drilling (“FTE”) and Major Drilling International, Inc. (“Major Drilling”) under the support and oversight of the Company’s consultant partner, RESPEC Consulting Inc. (“RESPEC”), a leader in the design, development, and operations of underground cavern storage.
As part of the first phase of drilling, FTE drilled using reverse flooded dual rotary drilling and casing to 327 meters. Major Drilling has commenced the second phase of drilling from 327 meters to approximately 1,000 meters using diamond drilling. The objective of the drilling is to confirm the depth of the salt structures and attain the geological and geochemical properties of the salt and non-salt rocks. In addition to the testing and data collection that RESPEC will complete on any core samples generated from drilling, the Company will also provide any such core samples to the University of Alberta for hydrogen testing and sampling. On April 29, 2024, Vortex’s collaboration with the University of Alberta received Alberta Innovates Funding totaling
Paul Sparkes, Chief Executive Officer, commented, “We are pleased to have completed the first phase of drilling and to move forward with the commencement of the second phase of drilling at the third core well. Vortex worked extensively with RESPEC and the drilling contractors to design a more comprehensive and robust drill program for the third well which we believe will result in the best chances of exploration success. We are looking forward to completing the drilling of the third core well and commencing testing on any core generated.”
About Vortex Energy Corp.
Vortex Energy Corp. is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties in North America. The company is currently advancing its Robinson River Salt Project comprised of a total of 942 claims covering 23,500 hectares located approximately 35 linear kms south of the town of Stephenville in the Province of Newfoundland & Labrador. The Robinson River Salt Project is prospective for both salt and hydrogen salt cavern storage. The company is actively evaluating technologies to efficiently store hydrogen or energy in salt caverns. Vortex Energy Corp. also holds the Fire Eye Project, which is located in the Wollaston Domain of northern Saskatchewan, Canada.
On Behalf of the Board of Directors
Paul Sparkes
Chief Executive Officer, Director
+1 (778) 819-0164
info@vortexenergycorp.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the Company’s exploration plans at the Project, including the planned drilling at the Project, the aim and objectives of the drilling and the generation of drill core from drilling that may be analyzed by the Company, RESPEC and the University of Alberta; and the Company’s belief that the design of the current drill program being undertaken at the Project will address the geological challenges encountered during the drilling of hole one and two.
Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, assumptions regarding the Company’s ability to execute on its drilling program, including that it will be successful in carrying out the planned drilling and that such drilling will yield the expected information and the desired outcomes.
Although forward-looking information is based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, the risk that exploration at the Project does not proceed in the manner and on the timeline currently contemplated, or at all; risks inherent in the exploration and development of mineral deposits, including risks relating to receiving requisite permits and approvals, changes in project parameters or delays as plans continue to be redefined, that mineral exploration is inherently uncertain and that the results of mineral exploration may not be indicative of the actual geology or mineralization of a project; and that mineral exploration may be unsuccessful or fail to achieve the results anticipated by the Company, including as a result of factors beyond the Company’s control, such as geological conditions. The forward-looking information contained in this release is made as of the date hereof, and the Company not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.
FAQ
What is the current status of Vortex Energy's drilling at the Robinsons River Salt Project?
Who are the drilling contractors for Vortex Energy's Robinsons River Salt Project?
What is the purpose of the drilling at Vortex Energy's Robinsons River Salt Project?
How much funding did Vortex Energy receive for its collaboration with the University of Alberta?
