Vortex Metals Secures Conditional Approval for Illapel Copper Project

3 May 2024

Vortex Metals Inc.  is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the "Exchange") for its proposed acquisition of up to an 80% interest in the Illapel Copper Project in Chile. This milestone follows the Letter of Intent (LOI) signed on June 27, 2023, and the definitive agreement executed on November 20, 2023.

The Company remains engaged with the Exchange to address any remaining queries and will promptly inform the market upon receiving final approval.

Upon securing final approval, Vortex will initiate a first-pass exploration program, which includes:

1.Immediate testing of high-priority, drill-ready targets north and south of the Rio 27 mine;
2.Detailed mapping, sampling, and drilling of the epithermal vein targets in the westerm concession area;
3.Initiation of mapping and sampling across promising structures including ocoite dike and  proximal copper sulphides and which have been identified throughout the project area.
This program aims to swiftly evaluate high-priority targets while expanding our regional geological exploration to discover new drilling sites.

Vortex is committed to continuous collaboration with the Exchange to secure final approval and will keep our shareholders and the broader market informed, underscoring our commitment to enhancing shareholder value through this strategic acquisition.

 

Source:prnewswire.com