Press Release

Vortex Metals Highlights Riqueza Marina Project Exploration Targets


In This Press Release

  • Loading...
  • Want to see what you should be buying? Check out our top picks.

VANCOUVER, BC, Oct. 5, 2022  /CNW/ - Vortex Metals Inc. (TSXV: VMS) ("Vortex" or the "Company") is pleased to provide an overview of exploration work completed to date at their Riqueza Marina Volcanogenic Massive Sulfide (VMS) project in southern Oaxaca.

The Riqueza Marina project consists of 12,041hectares located in southern Oaxaca about 15 km from a deep-water port. The concessions are also close to paved roads and power. Vortex's Zaachila project is located 30 kilometers to the southwest.

Previous work was conducted by the Vortex co-founder, the late David M. Jones and his field crew over the past 10 years and consisted of mapping, geochemical sampling and geophysics which have identified highly prospective VMS targets at Riqueza Marina. The Company believes that the technical team has made several key geological discoveries in this under explored VMS Belt that have the potential to become a significant VMS Camp.

At the Rhyolite Dome target (Figure 1), Vortex completed a gravity and magnetic survey that produced an extensive geophysical signature adjacent to a rhyolitic dome that the Company identified by geologic mapping. Rhyolite Dome is a priority drill target given the scale and strength of the geophysical anomaly and coincident geochemical expression.

Figure 1. Copper-in-rock values over the Riqueza Marina project area. Target areas along the Gossan trend are shown in red circles; the Rhyolite Dome target is defined by a red box (see Figure 3). (CNW Group/Vortex Metals)

Geochemical surface sampling has also identified extensive exposures of oxidized copper-gold mineralization that can be interpreted as potential extensions of sub-surface mineralization. Within the West and East Gossan areas (Figure 1), 12 rock samples contained greater than 1% copper (up to 20.2% Cu) and an additional 34 samples contain greater than 1,000 ppm copper. Additionally, litho-geochemical studies conducted by renowned VMS expert and Vortex Technical Advisor, Dr. James Franklin, have confirmed a chemical environment consistent with a potential VMS camp. The employment of geophysics over several of these prospects corroborates these findings with both gravity and magnetic data. Vortex intends to initiate additional surface studies to follow up on previous work with the goal of drilling these high priority targets once the drill permits are secured.  

Vikas Ranjan, Vortex's CEO, Co-Founder and Director states, "The previous exploration conducted to date by late David Jones provides Vortex with multiple outstanding targets that have been identified. Given the size of the anomalies to date and grades we are seeing at surface we feel Riqueza Marina presents a unique opportunity".


Exploration to date within the Riqueza Marina project area has identified five moderate- to high-potential prospects based on geology, geochemistry (Figure 1) and geophysics (Figure 2). The current rock database consists of 748 samples which covers much of the Riqueza Marina concession block. Three of these five target areas are briefly described below. Further detailed mapping and rock sampling will be completed over the target areas that have not seen previous work. Due to the tropical climate and laterite development, trenching will be an important tool to better define the geology and geochemistry of these copper-bearing horizons or 'gossans'. 

Figure 2. Riqueza Marina target areas, based upon copper-in-rock values, shown in context with the gravity survey. Multiple areas of mineralized gossan float and sub-crops are coincident with the gravity high at the East Gossan zone which projects to southwest ~1 km under valley fill towards the West Gossan zone. (CNW Group/Vortex Metals)

Rhyolite Dome Area

Several kilometers to the east of the East Gossan zone, the 'Rhyolite Dome' area occurs as an isolated hill surrounded by flat lowlands (Figure 1).

Areas of 'felsic' (quartz-eye rhyolite) volcanics, both widespread float and local outcrops, are widely altered including variable silicification and quartz veining. These rocks are believed to be intimately related to the hydrothermal/mineralizing system and are an important component in the VMS model. Additionally, the coincident strong gravity and magnetic anomalies observed adjacent to the 'Rhyolite Dome' prospect supports this relation (Figure 2).

The  West and East Gossan Zones (Figure 1)

Extensive sub-crops and/or outcrops of Cu-Au-bearing oxidized sulfides or 'gossan' occur along a 3km strike-length at the West and East Gossan targets (Figure 1). The gossans all consist of compact hematite-limonite-(goethite) without definitive box works, e.g. earthy and massive, but locally reveal a laminar structure or a cylindrical appearance suggestive of a sulfide vent or 'smoker' structure.  Several sub-crops near the gossans are thin laminar sulfide horizons that are both inter-bedded with the sediments and cross-cutting them.  Though the area between the West and East Gossan targets is covered by Quaternary alluvial/colluvial fill, it is likely that both 'gossans' are contained within the same geologic horizon. 

Figure 1 reveals that all samples containing greater than 1,000 ppm Cu (n = 46) are within the East and West Gossan prospects with values up to 20.2% Cu. The gossan zones reveal moderate to very strong mineralization and likely reflect an assemblage composed of copper > lead + zinc sulfides; relict chalcopyrite has been observed. Less-well mineralized gossans extend several kilometers to the north and south and are typically associated with strong manganese oxides which appear to overprint pre-existing sulfides and likely represents a 'distal' pyrite-dominated sulfide sequence.

Geophysical Studies

Geophysical studies have been conducted over portions of the Riqueza Marina project area where a combination of favorable lithologies, i.e. exhalites and gossans, associated with anomalous copper and gold values, were observed. 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.

Within the Riqueza Marina concessions, a gravity survey was conducted over the Gossan zone and the 'Rhyolite Dome' complex to the east (Figure 2). The later site produced a significant gravity high and magnetic low centered under valley fill adjacent to a mineralized 'Rhyolite Dome' (Figure 3). The scale and amplitude of the Rhyolite Dome anomaly is similar in size to the San Nicolas anomaly that was key in Teck Resources's (TSX: TECK-A.TO) discovery at the San Nicolas Deposit, Zacatecas VMS deposit.

Figure 3. Results of the gravity and magnetic surveys over the Rhyolite Dome prospect located in the eastern sector of the Riqueza Marina block. Geologic notes are provided to support the VMS target at a shallow depth. (CNW Group/Vortex Metals)

The gravity anomaly at the Gossan area is more subtle but corresponds to the currently defined distribution of oxidized sulfides or 'gossan' (Figure 1) including spectacular 'silica exhalite' and 'proto-gossans' including preserved 'black smoker' blocks (Figure 4). The stratigraphy here is not well understood but the gravity may represent multiple mineralized horizons. This gravity high projects to southwest ~1 km under valley fill and towards the West Gossan area.

Figure 4. Photograph of a cylindrical block of ‘gossan’ interpreted to be a remnant conduit of hydrothermal fluids or ‘black smoker’; note pocket knife for scale. (CNW Group/Vortex Metals)

Qualified Person / Quality Control and Quality Assurance

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.

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-gold 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-gold VMS belt that includes Minaurum Gold's (TSXV:MGG) Santa Marta project.


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 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.

SOURCE Vortex Metals

For further information: Vikas Ranjan, Chief Executive Officer and Director, Email: [email protected], Phone: 416-605-7024


In this article:





This communication is a paid advertisement. ValueTheMarkets is a trading name of Digitonic Ltd, and its owners, directors, officers, employees, affiliates, agents and assigns (collectively the “Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by Vortex Metals Inc. to conduct investor awareness advertising and marketing and has paid the Publisher the equivalent of twelve thousand US dollars to produce and disseminate this and other similar articles and certain related banner advertisements. This compensation should be viewed as a major conflict with the Publisher’s ability to provide unbiased information or opinion.


Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to adversely affect share prices. Frequently companies profiled in our articles experience a large increase in share trading volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in share trading volume and share price may likely occur.


This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security.


Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position.

This communication is based on information generally available to the public and on an interview conducted with the company’s CEO, and does not contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher does not guarantee the accuracy or completeness of the information. Further, the information in this communication is not updated after publication and may become inaccurate or outdated. No reliance should be placed on the price or statistics information and no responsibility or liability is accepted for any error or inaccuracy. Any statements made should not be taken as an endorsement of analyst views.


The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser or a financial adviser. The Publisher has no access to non-public information about publicly traded companies. The information provided is general and impersonal, and is not tailored to any particular individual’s financial situation or investment objective(s) and this communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor or a personal recommendation to deal or invest in any particular company or product. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results.


This communication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. Statements in this communication that look forward in time, which include everything other than historical information, are based on assumptions and estimates by our content providers and involve risks and uncertainties that may affect the profiled company’s actual results of operations. These statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results and performance to differ materially from any future results or performance expressed or implied in the forward-looking statements. These risks, uncertainties and other factors include, among others: the success of the profiled company’s operations; the size and growth of the market for the company’s products and services; the company’s ability to fund its capital requirements in the near term and long term; pricing pressures; changes in business strategy, practices or customer relationships; general worldwide economic and business conditions; currency exchange and interest rate fluctuations; government, statutory, regulatory or administrative initiatives affecting the company’s business.


By reading this communication, you acknowledge that you have read and understand this disclaimer in full, and agree and accept that the Publisher provides no warranty in respect of the communication or the profiled company and accepts no liability whatsoever. You acknowledge and accept this disclaimer and that, to the greatest extent permitted under applicable law, you release and hold harmless the Publisher from any and all liability, damages, injury and adverse consequences arising from your use of this communication. You further agree that you are solely responsible for any financial outcome related to or arising from your investment decisions.


By reading this communication you agree that you have reviewed and fully agree to the Terms of Use found here and acknowledge that you have reviewed the Disclaimer found here If you do not agree to the Terms of Use, please contact to discontinue receiving future communications.


All trademarks used in this communication are the property of their respective trademark holders. Other than, the Publisher is not affiliated, connected, or associated with, and the communication is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks other than

AUTHORS: VALUETHEMARKETS and Digitonic Ltd and our affiliates are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above. This article does not provide any financial advice and is not a recommendation to deal in any securities or product. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.

ValueTheMarkets do not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above piece. ValueTheMarkets have been paid to produce this piece by the company or companies mentioned above. Digitonic Ltd, the owner of, has been paid for the production of this piece by the company or companies mentioned above.

Sign up for Investing Intel Newsletter