VMS Ventures Inc.: RD-08-36 Contains 81.07 m of 3.54% Copper and RD-08-41 Intersects 22.74 m of NSS at 360 m Below Surface at Re
May 22 2008 - 6:30AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (the "Company") is pleased to report
on its ongoing exploration program at the Reed Lake Discovery Zone
near Snow Lake, Manitoba.
Highlights:
RD-08-36: 81.07 m (265.97 ft) of 3.54% Cu and 0.26% Zn
Including 36.58 m (120.01 ft) of 5.64% Cu and 0.13% Zn
Including 18.99 m (62.30 ft) of 7.10% Cu and 0.17% Zn
(Au & Ag assays pending)
RD-08-38: 72.11 m (97.54 ft) of Sulphide Veinlets
RD-08-39: 14.42 m (47.34 ft) of Near Solid Sulphide
RD-08-41: 33.83 m (110.99 ft) of Near Solid Sulphide and Sulphide
Veinlets
Including 18.73 m (61.45 ft) of Near Solid Sulphide
Dr. George Gale states: "The intercept in RD-08-41 extends the
mineralization to a total depth of approximately 360 m below
surface. In the three previous phases of drilling, mineralization
was to a depth of approximately 180 m. As well, RD-08-39
intersected NSS from 188.92 m to 203.34 m, thereby extending the
NSS an additional 45 m west of the RD-08-35 intersection,
previously the furthest west interval of mineralization. RD-08-40,
designed to intersect the sulphide body 37 m below RD-08-39,
intersected a fault with a 0.75 m section of NSS. This extends the
NSS section in the Main lense at its widest part to a width of 170
m."
Dr. Gale continues: "The mineralization intersected in RD-08-41
consists primarily of chalcopyrite and pyrrhotite and is considered
a zone of mobilized material that resembles the material
intersected in RD-08-36. The absence of a thick black chlorite
section also suggests that this is still not the centre of this
particular VMS mineralizing system."
The first four holes in the Phase Four drill program, RD-08-38
through RD-08-41, were drilled from the same setup, but at
different azimuths. This also served as the location for holes
RD-08-23 and RD-08-35. Holes RD-08-39 and RD-08-40 are of
particular interest because they extend the Main Zone both to the
west and considerably down dip. Hole RD-08-41 was drilled at a dip
of minus 80 degrees and intersected chalcopyrite veinlets and near
solid sulphide (NSS) intervals between 332.13 m and 365.60 m. This
hole extends the mineralization for approximately 70 m below the
section of chalcopyrite and pyrrhotite veinlets intersected in
RD-08-38.
TABLE I
DRILL HOLES
ASSAYS FOR RD-08-36
---------------------------------------------------------------------
DRILL FROM TO INT Cu Zn Ag Au
HOLE (m) (m) (i) % % g/t g/t
---------------------------------------------------------------------
RD-08-36 133.20 214.27 81.07 3.54 0.26 Pending Pending
---------------------------------------------------------------------
inc 169.77 206.35 36.58 5.64 0.13 Pending Pending
---------------------------------------------------------------------
inc 187.36 206.35 18.99 7.10 0.17 Pending Pending
---------------------------------------------------------------------
(i) True Thickness unknown
TABLE II
DESCRIPTION OF MINERALIZED INTERVALS
RD-08-38, 39 and 41
---------------------------------------------------------------------
DRILL FROM TO INT MINERALIZATION
HOLE (m) (m) (i) DESCRIPTION
---------------------------------------------------------------------
RD-08-38 198.25 270.36 72.11 Sulphide Veinlets
---------------------------------------------------------------------
RD-08-39 188.92 203.34 14.42 Near Solid Sulphide
---------------------------------------------------------------------
RD-08-41 332.13 365.96 33.83 Near Solid Sulphide and
Veinlets
---------------------------------------------------------------------
inc 332.13 336.14 4.01 Near Solid Sulphide
---------------------------------------------------------------------
inc 346.92 365.65 18.73 Near Solid Sulphide
---------------------------------------------------------------------
(i) True thickness unknown
The Company has now received the preliminary results of its 2008
VTEM airborne survey, and the results of the DEEPEM program. The
data collection for the ground magnetic survey is also complete.
The collection of field data for the gravity survey is complete for
this phase, though additional survey lines are being planned to
extend the coverage area in the coming weeks.
At this time, one drill continues testing the depth extent of
mineralization at the western edges of the Discovery Zone and a
second drill is now in place testing geophysical anomalies located
near the alteration zone discovered at the Tower Zone, 1,000 m to
the east. The third drill is expected to commence drilling early
next week and is planned to begin testing the extent of Discovery
Zone mineralization to the East and to depth.
All technical information in this release has been reviewed by
the Qualified Person, Dr. George Gale, P.Eng. Samples are prepared
and analyzed at Activation Laboratories, Ancaster, Ontario using
acid digest assay analytical methods.
VMS Ventures Inc. is focused primarily on acquiring, exploring
and developing copper-zinc properties in the Flin Flon-Snow Lake
VMS Belt. The Company also holds the largest land package
considered prospective for nickel-copper mineralization at Lynn
Lake, which is to date Canada's third largest nickel producing
camp. The Company's project portfolio consists of the Snow Lake VMS
project, the Lynn Lake Gabbros nickel-copper project, the Nickel
Belt project, the South Bay nickel-copper-cobalt PGE property, and
the Eden Lake Carbonatite Complex, Specialty Metals property. All
VMS Ventures Inc. properties are located in the mining friendly
province of Manitoba, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal, B. Sc., President & Director
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Contacts: VMS Ventures Inc. Keith Patey Director of
Communications (604) 986-2020 or Toll Free: 1-866-816-0118 (604)
986-2021 (FAX) Website: www.vmsventures.com Coal Harbor
Communications Dale Paruk (604) 662-4505 or Toll Free:
1-877-642-6200
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