VMS Ventures Inc.: RD-08-71 Intersects 39.71 Metres of Mineralization Down to 450 Metres Below Surface at Reed Lake Discovery Zo
September 03 2008 - 6:30AM
Marketwired
VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to
report that RD-08-71 has intersected 39.71 metres of Near Solid
Sulphide (NSS) to a depth of approximately 450 metres (1475 feet)
at its Reed Lake Discovery Zone near Snow Lake, Manitoba.
RD-08-71 was drilled to test the depth and extent of
mineralization discovered in RD-08-41, which, as reported July 3,
2008, has 10.36% copper over 33.46 metres to a depth of
approximately 350 metres. Assays are pending.
Diamond Drill Highlights include:
RD-08-71: 39.71m (130.28 ft) of Near Solid Sulphide (NSS)
RD-08-66: 4.4m (14.44 ft) of NSS and Sulphide Veinlets
(Assays Pending)
--------------------------------------------------------------------
FROM TO INT(i)
DRILL HOLE (m) (m) (m) MINERALIZATION DESCRIPTION
--------------------------------------------------------------------
RD-08-66 84.90 86.89 1.99 Near Solid Sulphide
--------------------------------------------------------------------
RD-08-66 86.89 87.80 0.91 Sulphide Veinlets
--------------------------------------------------------------------
RD-08-66 87.80 89.30 1.50 Near Solid Sulphide
--------------------------------------------------------------------
RD-08-66 97.86 111.33 13.47 Sulphide Stringers
--------------------------------------------------------------------
RD-08-66 111.33 111.86 0.53 Near Solid Sulphide
--------------------------------------------------------------------
RD-08-70 206.40 206.58 0.18 Near Solid Sulphide
--------------------------------------------------------------------
RD-08-71 282.19 285.26 3.07 Near Solid Sulphide
--------------------------------------------------------------------
RD-08-71 445.39 485.10 39.71 Near Solid Sulphide
--------------------------------------------------------------------
(i) True thickness of mineralized interval is unknown.
Dr. George Gale, VP Exploration, states, "The intersection in
RD-08-71 at approximately 450 metres from surface is the deepest
mineralization discovered to date. Subsequent drillholes will test
the mineralization below the 500 metre level and attempt to extend
the mineralization to the west as this lense appears to be steeply
dipping with an approximate east-west strike."
Off-hole EM geophysical anomalies have identified conductive
targets along strike to the east and below hole RD-08-71.
A recent Induced Polarization geophysical survey indicates the
presence of an anomaly that is interpreted to be the westward
extension of the zone intersected in hole RD-08-41.
Drillholes RD-08-66, RD-08-67, RD-08-68 and RD-08-69 were
designed to test the eastern and upper limits of the Discovery Zone
mineralization. RD-08-66 intersected NSS and sulphide veinlets over
4.40 metres at a depth of approximately 60 metres below surface
followed by a 13.47 metre interval of sulphide veinlets. This
section is defined by drillholes RD-08-60, RD-08-58 and RD-08-12.
Holes RD-08-67 and RD-08-68 drilled on another section
approximately 30 metres to the east did not intersect
mineralization.
All technical information in this release has been reviewed by
Dr. George Gale, P.Geo, Vice President, VMS Ventures Inc.
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 does not accept responsibility for the
adequacy or accuracy of this 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:
1-877-345-3399
Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jul 2023 to Jul 2024