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Vortex Energy Completes High-Resolution UAV Magnetic Survey at the North Block of the Robinsons River Salt Project

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Vortex Energy has successfully completed a high-resolution UAV magnetic survey at the north block of its Robinsons River Salt Project in southwestern Newfoundland. The survey, conducted by EarthEx Geophysical Solutions, utilized advanced technology with 25-meter line spacing and terrain-following capabilities across three target areas.

The survey successfully identified magnetic anomalies revealing structural features that suggest potential for salt formations suitable for cavern storage development. This success demonstrates the effectiveness of magnetic studies in mapping structural features and supports expanding geophysical exploration at the project.

Future plans include combining magnetic studies with seismic and gravity surveys to enhance understanding of salt deposit occurrences and improve targeting for cavern storage potential.

Vortex Energy ha completato con successo un'indagine magnetica UAV ad alta risoluzione nel blocco nord del suo Robinsons River Salt Project nel sud-ovest di Terranova. L'indagine, condotta da EarthEx Geophysical Solutions, ha utilizzato tecnologie avanzate con intervallo di linea di 25 metri e capacità di seguire il terreno in tre aree target.

L'indagine ha identificato con successo anomalie magnetiche rivelando caratteristiche strutturali che suggeriscono il potenziale per formazioni saline idonee allo sviluppo di stoccaggi in cavità. Questo successo dimostra l'efficacia degli studi magnetici nella mappatura delle caratteristiche strutturali e supporta l'espansione dell'esplorazione geofisica nel progetto.

I piani futuri includono la combinazione degli studi magnetici con indagini sismiche e della gravità per migliorare la comprensione delle occorrenze di depositi salini e migliorare il targeting per il potenziale di stoccaggio in cavità.

Vortex Energy ha completado con éxito un estudio magnético UAV de alta resolución en el bloque norte de su Robinsons River Salt Project en el suroeste de Terranova. El estudio, realizado por EarthEx Geophysical Solutions, utilizó tecnología avanzada con espaciado de líneas de 25 metros y capacidades de seguimiento del terreno en tres áreas objetivo.

El estudio identificó con éxito anomalías magnéticas que revelan características estructurales que sugieren un potencial para formaciones de sal adecuadas para el desarrollo de almacenamiento en cavernas. Este éxito demuestra la efectividad de los estudios magnéticos en la cartografía de características estructurales y apoya la expansión de la exploración geofísica en el proyecto.

Los planes futuros incluyen la combinación de estudios magnéticos con estudios sísmicos y de gravedad para mejorar la comprensión de las ocurrencias de depósitos de sal y mejorar la focalización para el potencial de almacenamiento en cavernas.

Vortex Energy는 남서부 뉴펀들랜드의 Robinsons River Salt Project의 북쪽 블록에서 고해상도 UAV 자력 조사를 성공적으로 완료했습니다. 이 조사는 EarthEx Geophysical Solutions에 의해 수행되었으며, 25미터 간격의 선과 지형을 따르는 기능을 갖춘 첨단 기술을 사용하여 세 개의 목표 영역을 조사했습니다.

조사는 자기 이상을 성공적으로 식별하여 cavern 저장 개발에 적합한 염 수화물 형성의 잠재력을 제시하는 구조적 특성을 드러냈습니다. 이러한 성공은 구조적 특성을 매핑하는 데 있어 자기 연구의 효과를 입증하며 프로젝트에서 지구 물리학적 탐사를 확대할 수 있도록 지원합니다.

향후 계획에는 염 화물의 발생 이해를 강화하고 cavern 저장 잠재력 targeting을 개선하기 위해 자기 연구를 지진 및 중력 조사와 결합하는 것이 포함됩니다.

Vortex Energy a réussi à réaliser une enquête magnétique UAV à haute résolution dans le bloc nord de son Robinsons River Salt Project dans le sud-ouest de Terre-Neuve. L'enquête, menée par EarthEx Geophysical Solutions, a utilisé une technologie avancée avec un espacement de ligne de 25 mètres et des capacités de suivi du terrain dans trois zones cibles.

L'enquête a réussi à identifier des anomalies magnétiques révélant des caractéristiques structurelles suggérant un potentiel pour des formations salines adaptées au développement de stockage en cavité. Ce succès démontre l'efficacité des études magnétiques dans la cartographie des caractéristiques structurelles et soutient l'expansion de l'exploration géophysique sur le projet.

Les plans futurs incluent la combinaison des études magnétiques avec des enquêtes sismiques et gravimétriques pour améliorer la compréhension des occurrences de dépôts salins et améliorer la focalisation sur le potentiel de stockage en cavité.

Vortex Energy hat erfolgreich eine hochauflösende UAV-Magnetuntersuchung im Nordblock seines Robinsons River Salt Project im Südwesten von Neufundland abgeschlossen. Die Untersuchung wurde von EarthEx Geophysical Solutions durchgeführt und nutzte fortschrittliche Technologie mit einer Linienabstand von 25 Metern und Geländenavigation in drei Zielgebieten.

Die Untersuchung identifizierte erfolgreich magnetische Anomalien, die strukturelle Merkmale aufzeigen, die auf das Potenzial für Salzformationen hindeuten, die für die Entwicklung von Kavernenspeichern geeignet sind. Dieser Erfolg zeigt die Wirksamkeit von magnetischen Studien zur Kartierung struktureller Merkmale und unterstützt die Ausweitung der geophysikalischen Erkundung des Projekts.

Zukünftige Pläne beinhalten die Kombination magnetischer Studien mit seismischen und gravimetrischen Untersuchungen, um das Verständnis der Vorkommen von Salzablagerungen zu verbessern und die Zielfokussierung für das Kavernenspeicherpotential zu optimieren.

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Magnetic Survey Identifies Key Structural Features Advancing Cavern Storage Potential at the Robinsons River Salt Project

VANCOUVER, British Columbia, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) (“Vortex” or the “Company”) is pleased to announce the successful completion of a high-resolution UAV magnetic survey at the north block of the Company’s Robinsons River Salt Project (“The Project”) in southwestern Newfoundland. Conducted by EarthEx Geophysical Solutions, the survey marks the next step in advancing exploration.

The UAV survey utilized cutting-edge technology to acquire high-resolution magnetic data across three target areas, with 25-meter line spacing and precise terrain-following capabilities. The results successfully identified magnetic anomalies that reveal structural features across various parts of the project. These findings suggest that magnetic surveys may be able to effectively distinguish subsurface structures relating to salt formations suitable for cavern storage development.

The success of this survey demonstrates the value of magnetic studies in mapping structural features and supports the case for expanding geophysical exploration at the Project. Future magnetic studies, combined with complementary techniques such as seismic and gravity surveys, could further refine the understanding of salt deposit occurrences and enhance targeting for cavern storage potential.

Location of the magnetic surveys in the project area.

Figure 1 Location of the magnetic surveys in the project area.

TOP LEFT: Residual magnetic intensity using a linear colour stretch; TOP RIGHT: First vertical derivative of the residual magnetic intensity using a linear colour stretch; BOTTOM LEFT: Residual magnetic intensity with a non-linear colour stretch; BOTTOM RIGHT: First vertical derivative of the residual magnetic intensity with a non-linear colour stretch.

Figure 2 TOP LEFT: Residual magnetic intensity using a linear colour stretch; TOP RIGHT: First vertical derivative of the residual magnetic intensity using a linear colour stretch; BOTTOM LEFT: Residual magnetic intensity with a non-linear colour stretch; BOTTOM RIGHT: First vertical derivative of the residual magnetic intensity with a non-linear colour stretch.

The scientific and technical content of this news release has been reviewed, verified and approved by Jared Suchan, Ph.D., P.Geo., Technical Advisor at the Company, and a “Qualified Person” as defined by National Instrument 43-101. Verification included a thorough review of the magnetic survey methodologies, data acquisition parameters, and processed results provided by EarthEx Geophysical Solutions.

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 Robinsons 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 Robinsons River Salt Project is prospective for both salt and hydrogen salt cavern storage. The Company is also evaluating technologies to efficiently store hydrogen or energy in salt caverns. The Company is also currently advancing its Fire Eye Uranium Property in the Athabasca Basin, a region globally renowned for its uranium deposits.

For further information, investors are encouraged to review the Company’s filings available at www.sedar.com.

On Behalf of the Board of Directors

Paul Sparkes
CEO, Vortex Energy Corp.
+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.

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 exploration plans, 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.‎

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/0a262ac9-2dac-4e36-8e70-e50fc095cfd1

https://www.globenewswire.com/NewsRoom/AttachmentNg/cec57668-db44-4ea0-900c-bae33f0e7fc7


FAQ

What were the key findings of Vortex Energy's (VTECF) UAV magnetic survey at Robinsons River?

The survey identified magnetic anomalies revealing structural features that indicate potential salt formations suitable for cavern storage development.

What technology did Vortex Energy (VTECF) use for the Robinsons River magnetic survey?

The company used high-resolution UAV technology with 25-meter line spacing and terrain-following capabilities across three target areas.

What are Vortex Energy's (VTECF) future exploration plans for Robinsons River?

The company plans to combine magnetic studies with seismic and gravity surveys to better understand salt deposit occurrences and enhance cavern storage targeting.

Where is Vortex Energy's (VTECF) Robinsons River Salt Project located?

The Robinsons River Salt Project is located in southwestern Newfoundland.

VORTEX ENERGY CORP

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