Vortex Energy Corp. Sends Core Samples from the Robinsons River Salt Project to the University of Alberta
16 April 2024 - 2:00PM
Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3)
(“
Vortex” or the “
Company”) is
pleased to announce that it has shipped core samples from the
initial hole drilled at the Robinsons River Salt Project to the
University of Alberta.
The Company’s consultant, RESPEC Consulting Inc.
(“RESPEC”), has conducted core logging on the cap
rock and salt sections obtained from Core Hole 1 (VTX-West-23-1).
The cap rock is predominantly anhydrite, intermixed with mudstones,
while the salt rock is primarily composed of halite, featuring
zones of intermixed mudstones and occasional potash salts such as
carnallite and possibly sylvite. RESPEC has selected and shipped
samples to the University of Alberta, which will perform various
tests to delineate the material properties of the cap rock and
salt. The planned tests include thin-section analysis using SEM
(Scanning Electron Microscope) for visual mineral identification,
EDS (Energy Dispersive X-ray Spectroscopy) for elemental
composition and percentages, and XRD (X-ray Diffraction) for
crystalline mineral identification and percentages. Additional
tests will assess insoluble mineral percentages, diffusion, and
various geomechanical tests to identify the exact minerals present
in the core and determine the structural and mechanical properties
of the formations.
The Company also announces that it has granted
1,000,000 restricted share units (“RSUs”) to
certain directors, officers, and consultants of the Company
pursuant to the Company’s equity incentive plan (the
“Plan”).
Qualified Person
The technical content of this news release has
been reviewed and approved by Piotr Kulkialka, P.Geo, who is acting
as a consultant to the Company and is a “Qualified Person” as
defined by National Instrument 43-101.
For a discussion of the Company’s data
verification and Quality Control / Quality Assurance processes,
please refer to the Company’s technical report entitled,
“Independent Technical Report On The Robinsons River Salt
Property”, which is posted to the Company’s SEDAR+ profile.
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 Directors
Paul 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.
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. 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.
Vortex Energy (TG:AA3)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Vortex Energy (TG:AA3)
Historical Stock Chart
Von Jan 2024 bis Jan 2025