Vortex Energy Corp. (CSE: VRTX | OTCQB: 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”), to commence drilling at the
second approved core well. The Company has retained the services of
the contractors involved in the drilling of the initial core well
at the Project, RESPEC Consulting Inc., Major Drilling Group
International Inc., and DGI Geoscience Inc., to drill the second
core well.
The drilling of the second core well is designed
to confirm the depth of the salt rock structures at the Project and
attain the geological properties of the salt and non-salt rocks
present at the Project. The Company previously announced on
December 14th, 2023, that it had intersected salt rock at its first
core well at a depth of 581.5 meters.
Paul Sparkes, Chief Executive Officer,
commented, "We are pleased to have intersected salt in the first
core well which marked a significant milestone for the project. The
outcome from the first core well gives us confidence in the
potential of the discovery as we prepare to begin drilling on the
second core well.”
The Company also announces, further to its news
releases on April 28, 2023, June 23, 2023, July 21, 2023, September
1, 2023, October 20, 2023, and November 16, 2023, that it has
further extended its engagement of Financial Star News Inc.
(“FSN”) (address: 701 West Georgia Street, Suite
1500, Vancouver, British Columbia V7Y 1C6; email:
info@thefinancialstar.com) for marketing services for up to an
additional 45 days commencing on January 10th, 2024, provided that
the term of the marketing services may be extended or shortened at
the discretion of management depending on, amongst other things,
the efficiency of the marketing services.
As previously disclosed, FSN has and shall
continue to, as appropriate, create campaigns, ad groups, text ads,
display ads, perform detailed keyword research, setup and manage
remarketing campaigns, optimize keyword options, coordinate online
advertisers and marketers corresponding to online marketing
targets, create landing pages for ad campaigns and generally bring
attention to the business of the Company. The promotional activity
undertaken by FSN will occur on theFinancialStar.com and by email,
Facebook and Google.
The Company will pay a fee of USD $300,000 (plus
GST) for the extension. The Company will not issue any securities
to FSN as compensation for its marketing services. As of the date
hereof, to the Company’s knowledge, FSN (including its directors
and officers) does not own any securities of the Company and has an
arm’s length relationship with the Company.
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 planned exploration activities, the
timing of such planned exploration activities and the aim and
objectives of the Company’s planned exploration efforts; the
potential of the Project; and the expected term of the marketing
activities contracted for by the Company.
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; that the
results of the Company’s exploration activities to date are
representative of the actual geological conditions and
mineralization at the Project; the efficacy of the Company’s
marketing program; and the Canadian Securities Exchange’s
acceptance of the Company’s promotional program.
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 mineral exploration activities are often
unsuccessful; that the Company’s marketing program may not be as
effective as anticipated by the Company and that the budget for the
Company’s marketing program may not be sufficient to permit the
marketing activities to continue for the anticipated term; and that
the Canadian Securities Exchange may object to the Company’s
promotional program and use its discretion to halt the Company’s
promotional activities or impose other penalties on the Company.
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 has not
reviewed, approved, or disapproved the contents of this press
release.
Grafico Azioni Vortex Energy (TG:AA3)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni Vortex Energy (TG:AA3)
Storico
Da Nov 2023 a Nov 2024