Vortex Energy Commences Mobilization for Fall Exploration Program at the Robinsons River Salt Project
30 Octobre 2023 - 1:00PM
Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3)
("
Vortex” or the "
Company") is
pleased to announce that drill and crew mobilization has begun at
the Company’s flagship property, the Robinsons River Salt Project
(the “
Project”), for its fully permitted
exploration program. The Company has contracted Major Drilling
Group International Inc. (“
Major Drilling”) to
complete the diamond core drilling, as announced on October 20th,
2023, and is expected to commence in the first week of November.
Major Drilling has been contracted to drill two
core wells at targets identified by the Company and its consultant
partner, RESPEC Consulting Inc. (“RESPEC”),
through a hydrogen storage capacity assessment previously completed
by the Company on the Project.
Paul Sparkes, Chief Executive Officer,
commented, "We are excited to announce that we have initiated the
mobilization process for the planned drilling at our flagship
Property. This marks a significant milestone for our company and we
are making swift progress towards drilling our initial targets. The
primary objectives of this exploration program include confirming
the depth of the salt structures, acquiring core samples for
hydrogen testing in collaboration with the University of Alberta
and acquiring geological data pertaining to both salt and non-salt
rocks at the Project."
About Major Drilling
Major Drilling is one of the world’s largest
drilling services companies primarily serving the mining industry.
Major Drilling maintains field operations and offices in Canada,
the United States, Mexico, South America, Africa and Australasia.
Major Drilling provides a complete suite of drilling services for
both surface and underground projects.
About RESPEC Consulting
Inc.
RESPEC is a global leader in diverse
technologies and draws from a wide array of expertise, products,
and services to deliver world-class solutions for business, mining,
energy, water, natural resources, urban development,
infrastructure, and enterprise services. RESPEC’s subsurface
experts have evaluated over 1,000 caverns in nearly every major
cavern storage region in the world. RESPEC’s over 50-year history
underground has helped to pioneer in-house specialty software and
rock lab testing that focuses on designing solution-mined and
conventionally mined storage caverns. RESPEC also plays a similar
role with the ACES Delta in Utah, the world’s largest green
hydrogen project under construction.
About Vortex Energy Corp.
Vortex Energy Corp. is an exploration stage
company engaged principally in the acquisition, exploration, and
development of mineral properties in North America. The company is
currently advancing its Robinson River Salt Project comprised of a
total of 942 claims covering 23,500 hectares located approximately
35 linear kms south of the town of Stephenville in the Province of
Newfoundland & Labrador. The Robinson River Salt Project is
prospective for both salt and hydrogen salt cavern storage. The
company is actively evaluating technologies to efficiently store
hydrogen or energy in salt caverns. Vortex Energy Corp. also holds
the Fire Eye Project, which is located in the Wollaston Domain of
northern Saskatchewan, Canada.
On Behalf of the Board of
DirectorsPaul SparkesChief Executive Officer, Director+1
(778) 819-0164info@vortexenergycorp.com
Cautionary Note Regarding
Forward-Looking Statements
Certain statements contained in this press
release constitute forward-looking information. These statements
relate to future events or future performance. The use of any of
the words “could”, “intend”, “expect”, “believe”, “will”,
“projected”, “estimated” and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the Company’s
current beliefs or assumptions as to the outcome and timing of such
future events. In particular, this press release contains
forward-looking information relating to, among other things, the
Company’s exploration plans at the Project, including the nature
and type of the Company’s exploration activities, the timing of
such exploration activities and the aim and objectives of the
Company’s exploration efforts; and the expected benefits to the
Company arising from the use of Major Drilling to complete the
proposed drilling at the Project.
Various assumptions or factors are typically
applied in drawing conclusions or making the forecasts or
projections set out in forward-looking information, including, in
respect of the forward-looking information included in this press
release, assumptions regarding the Company’s ability to execute on
its exploration plans at the Project, including that it will be
successful in carrying out such exploration activities on the
anticipated timeline and that such exploration activities will
yield the expected information and the desired outcomes; and that
the Company’s use of Major Drilling to carry out the proposed
drilling will yield the anticipated benefits to the Company and the
Project.
Although forward-looking information is based on
the reasonable assumptions of the Company’s management, there can
be no assurance that any forward-looking information will prove to
be accurate. Forward-looking information involves known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking information. Such factors include,
among other things, the risk that exploration at the Project does
not proceed in the manner and on the timeline currently
contemplated, or at all; risks inherent in the exploration and
development of mineral deposits, including risks relating to
receiving requisite permits and approvals, changes in project
parameters or delays as plans continue to be redefined, that
mineral exploration is inherently uncertain and that the results of
mineral exploration may not be indicative of the actual geology or
mineralization of a project; that mineral exploration may be
unsuccessful or fail to achieve the results anticipated by the
Company; that the Company’s use of Major Drilling to carry out the
proposed drilling may not yield the anticipated benefits to the
Company or the Project; and that mineral exploration activities are
often unsuccessful. The forward-looking information contained in
this release is made as of the date hereof, and the Company not
obligated to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors
should not place undue reliance on forward-looking
information. The foregoing statements expressly qualify any
forward-looking information contained herein.
The Canadian Securities Exchange (CSE) has not
reviewed, approved, or disapproved the contents of this press
release.
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