Vortex Metals Provides Highlights of Zaachila Project Exploration Targets
Vortex Metals' Chief Executive Officer Vikas Ranjan commented, "The exploration activities conducted previously by the late David Jones, uncovered remarkable prospects for the
The work summarized below provides background on a roughly >5km copper-in-rock anomaly hosted by a package of sub-marine volcanic breccia and debris deposits intercalated with 'exhalite' beds or lenses. This package is located near the southern margin of a roughly parallel trondjhemitic intrusive complex and contains rocks with high contents of base metals and volatile elements (Sb, As) which are viewed as irrefutable evidence of proximity to a major hydrothermal discharge site. Coincidental gravity highs and magnetic lows beneath the surface copper values support the emerging target as an outstanding opportunity for Vortex (as outlined in the Company's NI 43-101 report filed on Sedar).
The
Copper-gold mineralization contained within the
The geology of the
The majority of the copper mineralization identified to date occurs within two stratigraphic horizons: 1) immediately below the silica exhalite marker horizon within strongly sericitized and foliated volcanic rocks (basalts and 'andesites'); and 2) within the matrix of the basal breccia unit at the contact with underlying exhalite and/or altered footwall volcanic rocks. The thick deposit of silica exhalite marks a hiatus in volcanism (i.e. quiescence) that abruptly terminated in breccia deposition, likely triggered by some tectonic event. The consistent and persistent occurrence of Copper mineralization within this stratigraphic sequence suggests it is VMS-related.
Based upon detailed field observations, the majority of Copper occurrences contain, in decreasing order of abundance, malachite, neotocite, azurite, chalcopyrite, and bornite. All mineralization is inferred to have been a sulfide and dominated by chalcopyrite; bornite (Figure 3) is locally dominant in areas with reported strong carbonate veining cutting footwall volcanic rocks, and these may represent 'true' stringer zone veining. Additionally, primary sulfide deposition is believed to have occurred in both sericitized footwall volcanic rocks and as matrix within the volcanic/debris flow breccias intimately associated with ferruginous carbonate alteration. The distribution of these breccias and contained copper mineralization mirrors the pronounced WNW-ESE elongate trend of the intrusive complex.
Sampling over the
Franklin (2019), on the basis of this detailed analysis, evaluated the
Geophysical studies have been conducted over portions of the RQMZ project area which revealed a combination of favorable lithologies, i.e., exhalates and gossans, associated with anomalous copper and gold values. Both ground gravity and magnetics were utilized considering that hydrothermal alteration associated with the VMS process destroys magnetite, resulting in a magnetic low, and massive sulfide deposition results in a gravity high. The combination of these two methods is widely utilized in VMS exploration. The geophysical campaign lasted from November 19th to December 16th, 2018 and consisted of 32.8 line-km of MAG and of 370 gravity stations over 35.4 line–km.
A combination of gravity and magnetics were employed over the
Over the next few to several months, Vortex will complete a trenching program providing geologic context to the historical copper anomalies outlined above. Many of these samples have originated in isolated or poorly exposed outcrops mantled by brush and soils. The rock exposures generated by the trenching will allow for detailed descriptions and sampling and hopefully facilitate mapping of the mineralized zones along the 5km VMS package. The result will be a clearer definition of the target zones (drill targets) within the environmental framework currently being documented in the baseline study.
Robert Johansing, M.Sc. Econ. Geol., P. Geo., is a qualified person ("QP") as defined by NI 43-101 and has reviewed and approved the technical content of this press release.
Vortex Metals Inc. is the parent company of Mexican subsidiary Empresa Minera Acagold, S.A. de C.V., which is the owner of a
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.
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