Company Intersects Salt - InvestingChannel

Company Intersects Salt

The importance of salt cannot be underestimated — through the years, salt has retained its value, and today, salt mining is a complex, intensive, and vital industry, with estimates putting the industry’s worth at around $30.74 billion.  

Vortex Energy Corp. (CSE: VRTX) (OTC: VTECF) announced that it has intersected salt rock at a depth of 581.5 meters at the Western Salt Structure located within the Robinsons River Salt Project. Previous estimates have shown that the Western Salt Structure could potentially hold an estimated amount of 250,000 tonnes of hydrogen in more than 25 caverns, based on conservative estimates.  

Vortex Energy is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties in North America. The inaugural exploratory well was drilled in the western gravity anomaly with the objective of confirming salt rock presence and obtaining samples for future testing. The core well was drilled to a total depth of 608 meters before it was abandoned and cemented to the surface. The initial 581 meters of core consisted of non-salt rocks, with the first occurrence of salt rock at a depth of 581.5 meters. Core samples were extracted from the ground surface down to 608 meters. The core, ranging from 530 meters to 608 meters, is currently being shipped to RESPEC’s office in Saskatoon for detailed core logging and mineralogical analysis. The University of Alberta will also be provided with selective samples to investigate the possibility of building hydrogen storage caverns.

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