VMS Reports 19.8 Meters Grading 2.70% Copper in Hole RD-08-35 at Reed Lake Discovery Zone
June 19 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-08-35: 19.80 m (64.96 ft) of 2.70% Cu and 1.72% Zn
Including 12.11 m (39.73 ft) of 3.52% Cu and 1.96% Zn
Including 7.51 m (24.64 ft) of 5.02% Cu and 1.77% Zn
Hole RD-08-35 was drilled from the same set up and azimuth as
holes RD-08-23 and RD-08-38 and approximately 45 m to the east of
the western most intercept of mineralization so far, hole
RD-08-39.
One drill continues testing the strike and depth extent of
mineralization at the western edges of the Discovery Zone and a
second drill is testing the Discovery Zone mineralization to the
east and to depth.
A third drill is testing a strong off hole conductor detected in
a recent downhole survey of hole TZ-08-02, related to the Tower
Zone anomaly, 1,000 m to the east of the Discovery Zone. The Tower
Zone anomaly is a series of geophysical conductor anomalies that
have been identified in airborne, and in greater detail in the
DeepEM survey over a 1.2 km length. Previous holes in the area have
not explained the conductor, but have intercepted altered rocks and
trace amounts of copper and zinc sulphides along with iron
sulphides, in what may represent foot wall alteration to a VMS
deposit.
TABLE I
DRILL HOLE ASSAYS FOR RD-08-35
--------------------------------------------------------------------------
DRILL FROM TO Cu Zn Ag Au
HOLE (m) (m) INT(i) % % g/t g/t
--------------------------------------------------------------------------
RD-08-35 180.18 199.98 19.80 2.70 1.72 6.23 0.48
--------------------------------------------------------------------------
inc 187.55 199.66 12.11 3.52 1.96 8.73 0.62
--------------------------------------------------------------------------
inc 192.15 199.66 7.51 5.02 1.77 12.71 0.85
--------------------------------------------------------------------------
(i) True Thickness unknown
TABLE II
DRILL HOLE ASSAYS FOR RD-08-36
--------------------------------------------------------------------------
DRILL FROM TO Cu(ii) Zn(ii) Ag(iii) Au(iii)
HOLE (m) (m) INT(i) % % g/t g/t
--------------------------------------------------------------------------
RD-08-36 133.20 214.27 81.07 3.54 0.26 5.47 0.25
--------------------------------------------------------------------------
inc 169.77 206.35 36.58 5.64 0.13 9.73 0.48
--------------------------------------------------------------------------
inc 187.36 206.35 18.99 7.10 0.17 10.51 0.73
--------------------------------------------------------------------------
(i) True Thickness unknown (ii) Previously released (iii) New data
TABLE III
DESCRIPTION OF MINERALIZED INTERVALS RD-08-38, RD-08-39 and RD-08-41
(Assays Pending)
--------------------------------------------------------------------------
DRILL FROM TO
HOLE (m) (m) INT(i) MINERALIZATION 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
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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