VANCOUVER, BC, March 12,
2024 /CNW/ - Vortex Metals
Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) ("Vortex
Metals" or the "Company") is pleased to announce that
Santiago Astata Agrarian Community in Oaxaca, Mexico, has granted authorization to
ACAGOLD S.A. de C.V. - Vortex's Mexican
subsidiary, to carry out mineral exploration activities,
including drilling holes on their lands. These activities will
include geological reconnaissance, mapping, opening of trenches,
sampling of sediments, soils rocks and core, as well as the
rehabilitation of roads and trails, the carrying out of the
geophysical study and installing 25 platforms for drilling.
This significant milestone marks a pivotal step forward for the
company's community relations practices in Oaxaca, Mexico.
Furthermore, the company has committed to forming an
environmental monitoring committee with active community
participation to oversee the activities and ensure environmental
protection throughout the exploration program.
This is a significant achievement as it marks a major step
forward towards securing the drill permits on Zaachila project with high potential drill
ready targets. To obtain drill permits, Vortex Metals needed to
complete the Environment Impact Assessment (EIA) study on
Zaachila project and receive the
community approval. The Company has already completed EIA (Ref:
Vortex Metal's new release dated September
6, 2023). With the community approval from Santiago Astata
Agrarian Community, the Company now plans to submit the application
to The Secretariat of Environment and Natural Resources or
Secretaría del Medio Ambiente y Recursos Naturales: (SEMARNAT) for
obtaining the necessary drill permits.
Led by Jorge Mario Rios, the
community relations consultant, the Company has been working with
local communities for over a year to build a strong foundation
based on mutual confidence to advance the exploration
project.
"We are grateful for the trust placed in us by the Santiago
Astata Agrarian Community," commented CEO Vikas Ranjan, "This authorization reflects our
commitment to transparent communication, environmental stewardship,
and fostering mutually beneficial relationships with local
communities. We are determined to advancing the exploration and
potential discovery of an entirely new copper-gold Volcanogenic
Massive Sulphide (VMS) belt in the state of Oaxaca, Mexico."
About Vortex Metals 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.
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SOURCE Vortex Metals
