Vortex Metals’ Flagship Copper-Gold Properties Endorsed by ‘Mine Finder’ as Next Significant Discovery
NEW YORK, NY, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Vortex Metals Inc. (TSXV: VMS) (OTCQB: VMSSF) (FSE: DM8), is a development and exploration-stage junior mining company with three high potential properties in two regions of Mexico. The company is preparing to drill on its two flagship properties in Oaxaca, Mexico. These projects are the legacy of the late David M. Jones, a renowned geologist affectionately known in the industry as a “mine finder,” who spent many years exploring and developing drill targets at Vortex’s two copper-gold projects in the state of Oaxaca. It was his opinion that these properties could be his “next significant discovery,” and for Vortex, his work and endorsement alone make the company a promising ground-floor opportunity in the metals and mining sector.
David Jones was certainly no stranger to successfully identifying mineral rich properties. After all, he’s credited with spearheading the discovery of 7.43 million ounces of gold and 52.54 million ounces of silver that eventually became known as Los Filos, one of the largest gold deposits in the world, which is now owned by Equinox Gold Corp. Jones also created the geological model responsible for multiple discoveries in an area of Mexico known as the “Guerrero Gold Belt” where over 31-million ounces of gold have been discovered to date.
It’s an endorsement that should have Vortex Metals and its investors especially bullish about the potential of its properties. Specifically, David Jones identified an underexplored Volcanogenic Massive Sulfide (VMS) belt in Oaxaca, he then spent years guiding an extensive exploration program of the area that consisted of geologic mapping, geochemical sampling and geophysics where he identified multiple VMS drill targets. The area he explored has since become Vortex’s two flagship copper-gold projects, “Riqueza Marina” and “Zaachila,” in southern Oaxaca. Before his death in December 2021, Jones was believed that this could be his next significant discovery.
The work done by Jones and his team produced 847 rock samples, 766 soil samples (Niton XRF), 1,124 gravity stations and 93 line-kilometers of magnetics over both the Riqueza Marina and Zaachila concessions. And according to the company, Jones hand-selected five high-potential target areas based on the geology, geochemistry, and geophysics included in his work with the goal of discovering a large mineralized system. Those five targets are now set to be drilled with the drill permitting process underway. Vortex executives, including founder and Executive Chairman, Michael Williams, have assumed the mantle and will continue the work Jones started, and they’ll do so with the two copper-gold properties in southern Oaxaca and a third high-potential gold property, “El Rescate,” in Puebla, Mexico.