JV Article: “These targets are some of the best I’ve seen – we’ve got multiple samples running high grade throughout the property and we’re excited to drill,” Michael Williams, executive chair for VortexMetalsVMS $VMS.V gold mining mexico copper VMS
Copper is a metal vital to the world’s green energy transition – used in electrical wiring, appliances, computers, vehicle motors and smart phones. Demand can only grow – and market researcher Wood Mackenzie expects copper demand from passenger EVs alone to jump to around 2.9 million tonnes over the next decade from about 600,000 tonnes in 2021.
The Riqueza Marina-Zaachila projects consist of four exploration concessions in two distinct blocks, Riqueza Marina and Zaachila, within an underexplored volcanogenic massive sulfide district in southern Oaxaca.Concessions cover a cumulative area totaling 15,308 hectares within a geologic province covering about 375 square kilometers. Five high potential target areas have been identified on the basis of geology, geochemistry, and geophysics.
“A key part of these volcanogenic massive sulphide deposits, which originally formed on the ocean floor, is the hydrothermal vent from which the metal-bearing fluids accessed the seawater and are referred to as ‘black smokers’. Dave found two of these significant features on the property,” Williams said.“We do know we’re onto VMS – we can see mineralized outcrops on our key targets within both the Zaachila and Riqueza Marina blocks.
Franklin also indicated that the geological setting is similar to the world class Noranda VMS Camp in Quebec, Canada.
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