Vortex Metals (TSXV: VMS) is one step closer to testing high grade targets at its flagship Riqueza Marina project in Oaxaca, Mexico. The firm this morning provided an update on the status of its environmental works in relation to the project.
Environmental works at the project are now said to be completed, which began back in February 2020 when the company contracted ASSI, a Mexican environmental firm. Fieldwork was initiated to collect data on local flora and fauna by a team of specialists and field staff in order to complete an environmental impact assessment.
The fieldwork, as required by The Secretariat of Environment and Natural Resources, or SEMARNAT, has now been completed, with the corresponding data now compiled and ready for governmental review. The general assembly will now confirm and seal agreements included within the assessment, before it is submitted to the regulatory for approval.
“We are very pleased with the completion of environmental works at Riqueza Marina and are looking forward to the submission of the EIA application in the coming months. Along with support from local stakeholders, a favourable EIA outcome will enable Vortex to test the multiple high-grade targets identified [at the project],” commented CEO Vikas Ranjan.
The Riqueza Marina copper-gold project covers over 12,000 hectares roughly 15 kilometres from the Salina Cruz deep-water port. The project is said to have drill-ready targets within five high-potential areas. Extensive outcrops are said to exist along a 3 kilometre strike length at the project, with multiple areas of high grade copper mineralization at surface.
Vortex Metals last traded at $0.09 on the TSX Venture.
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