Vortex Energy Completes Seismic Interpretation
VANCOUVER, British Columbia, June 01, 2023 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) ("Vortex” or the "Company") along with its contracted consultant partners, RESPEC Consulting Inc. (“RESPEC”) and Hill Geophysical Consulting (“Hill Geophysical”), completed a 2D seismic interpretation on the Robinsons River Salt Project (the “Project”), Newfoundland, Canada locating at least two salt structures prospective for halite exploration, the mineral form of sodium chloride or road salt.
The 2D seismic shows potential for salt bodies within the confines of the study area, which must be further analyzed to confirm the existence of potential salt structures. These preliminary findings are in line with gravity lows that have been founding within the Bay St. George Sub-Basin and are potentially indicative of halite occurring subsurface. RESPEC is currently working on creating a 3D geological model of the salt structures which will show the core well locations and potential dimensions of the salt caverns in the 3D model.
Paul Sparkes, Chief Executive Officer of Vortex, comments. “The preliminary results from the seismic interpretation are positive and show the potential for halite (road salt) potential. With further data compilation and a 3D geological model, Vortex will be able to further clarify potential of sub-surface structures such as salt domes. We look forward to receiving additional reporting and subsequentially shifting our focus towards potentially drilling targets on the Project.”
Qualified Person
The technical content of this news release has been reviewed and approved by Piotr Kukialka, P.Geo, who is a Qualified Person as defined by NI 43-101.
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 in Stephenville in the Province of Newfoundland & Labrador covering over 17,000 hectares. Leveraging the Robinson River Salt project, the Company is also exploring the development of technologies to efficiently store green Hydrogen in Salt Caverns. Vortex 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
This news release includes forward-looking statements that are subject to risks and uncertainties, including with respect to the Company's business and plans. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections, or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company’s public filings under the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.
