VANCOUVER,
BC, April 19, 2023 /CNW/ - Vortex Metals
Inc. (TSXV: VMS) (FSE: DM8) (OTC: VMSSF) ("Vortex" or the
"Company") is pleased to announce that on April 16th 2023, the local community
residing at the Zaachila project, held a general assembly and
approved the augmentation of an environmental baseline study,
including biological studies and surface geological work for
targeting at the company's flagship Zaachila Copper project, located in Southern Oaxaca, Mexico.
Under the direction of Mexican environmental firm
Ambiental y Social Servicios Integrales (ASSI), the baseline study
will focus on gathering data on 7 land uses as defined by the
National Institute of Statistics Geography (INEGI), and
informatics. The study will be developed during a 30-day period by
a group of 10 environmental specialists supported by field
assistants from the local community, and it will involve a total
area of 500 Ha.
This study will provide the basis for an
environmental diagnosis that will be presented to the local
community as a tool to protect their environment and to the Federal
Environmental Office, The Secretariat of Environment and Natural
Resources (SEMARNAT), in the form of an EIA study for approval of
advanced mineral exploration activities.
Previous mineral exploration activities at the
Zaachila project identified significant anomalous copper
mineralization followed by a geochemical targeting analysis by
world-renowned Volcanogenic Massive Sulfide (VMS) expert and Vortex
Metals' advisor, Jim Franklin.
Geochemical Anomalies at
Zaachila:
- Surface copper mineralization occurs along a >5 km trend in
stratigraphic horizons adjacent to a trondhjemite complex
- 1.5 x 1 km gravity anomaly is located adjacent to the most
persistent and extensive copper-in-rock anomalies
- Pronounced 3 km linear magnetic low is centered directly
beneath the most persistent and extensive surface copper
mineralization
The mineralized system at Zaachila is classified
by Franklin as 'bimodal mafic' – similar to the Noranda Camp
(Canada) deposits, and the large
VMS deposits in Latin America
including Tambo Grande, San Nicholas and Campo Morado.
Project Geologist, Rob
Johansing has also recommended that the Company complete
geological mapping, sampling and trenching. Followed by surface
impact definition that will be needed for drill
permitting.
Vortex Metals' Chief Executive Officer
Vikas Ranjan commented, "This
community approval is the result of Vortex Metals systematic and
responsible community engagement process designed to ensure
respect, transparency and sustainability in the relation of the
company with its stakeholders and shareholders. We are very pleased
with the community's approval of environmental works at the
Zaachila project, and with the support from local stakeholders. We
believe that with future submission of an EIA study, Vortex will be
a step closer to exploring multiple high-grade copper targets
identified by our co-founder and leading geologist, the late
Dave Jones."
About Vortex Mines Inc.
Vortex Metals Inc. is the parent company of
Mexican subsidiary Empresa Minera Acagold, S.A. de C.V., which is
the owner of a 100% interest in two drill-ready high-potential
copper volcanogenic massive sulfide (VMS) properties
(Riqueza Marina and Zaachila) in the
state of Oaxaca, and a third
high-potential gold property (El Rescate) in the state of
Puebla. The Oaxaca projects incorporate the most highly
prospective areas of high-grade copper mineralized surface
exposures ('gossans') and prominent gravity anomalies along an
emerging copper VMS belt that includes Minaurum Gold's (TSXV:MGG)
Santa Marta project.
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 a number of 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.sedar.com. 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.
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.
SOURCE Vortex Metals