Vortex Metals Expands Access To Investors As It Works To Further Exploration
Vortex Metals (TSXV: VMS) is moving to broaden its US investor base, announcing today that it has obtained DTC eligibility.
The change enables the company’s shares to be electronically cleared and settled in the US via the Depository Trust Company, enabling broader access to investors that utilize the OTC markets in the United States.
The firms flagship asset, the Riqueza Marina VMS project in southern Oaxaca, Mexico, has a relatively short exploration history. Until recently, the potential for mineral deposits in the area had not been explored in-depth. The project area covers approximately 12,000 hectares and is situated in an area that is underexplored relative to other regions of Mexico.
Vortex Metals is one of the few companies to undertake extensive exploration in the region, using exploration techniques such as geophysical surveys and remote sensing to identify potential mineral deposits. The company has already identified several exploration targets that are drill ready, including the East and West Gossan targets that occur along a 3 kilometer strike and are prospective for copper-gold mineralization.
Exploration conducted on these two targets include over 863 rock chip samples, 740 soil samples, and 46 stream sediment samples, of which ten samples have returned in excess of 10% copper assay results, and 26 were in excess of 1.0% copper.
“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,” company CEO Vikas Ranjan commented last fall.
READ: Vortex Metals Completes Environmental Works At Flagship Copper-Gold Project
The company is currently in the process of receiving further governmental approvals to continue exploration of the property, having recently completed environmental works documentation for the project. The documentation is now going through the process of governmental approvals to obtain the required permits for the property.
“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,” stated Ranjan in March.
FULL DISCLOSURE: Vortex Metals is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Vortex Metals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
