RD-08-55 Intersects 61.96 Metres of 5.96% Copper at VMS Discovery Zone Near Snow Lake, Manitoba
September 23 2008 - 6:30AM
Marketwired
VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to
announce assay results from drillholes RD-08-54, RD-08-55, RD-08-56
and RD-08-57 at its Reed Lake Discovery Zone near Snow Lake,
Manitoba.
Highlights:
- RD-08-55 Intersects: 61.96 metres (203.28 feet) of 5.96% Copper
Including: 20.83 metres (68.34 feet) of 9.13% Copper
Including: 7.15 metres (23.46 feet) of 16.51% Copper
- RD-08-56 Intersects: 19.87 metres (65.09 feet) of 3.25% Copper
- RD-08-57 Intersects: 2.04 metres (6.69 feet) of 7.73% Copper
TABLE ONE
REED LAKE DRILLHOLES(i)
RD-08-54, RD-08-55, RD-08-56 and RD-08-57
------------------------------------------------------------------------
FROM TO INTERVAL COPPER ZINC SILVER GOLD
HOLE ID (m) (m) (m) (%) (%) (g/t) (g/t)
------------------------------------------------------------------------
RD-08-54 384.79 388.79 4.00 0.40 0.12 Pending Pending
------------------------------------------------------------------------
and 400.81 402.51 1.70 0.17 2.45 Pending Pending
------------------------------------------------------------------------
RD-08-55 147.41 209.37 61.96 5.96 0.12 Pending Pending
------------------------------------------------------------------------
Inc 148.94 169.77 20.83 9.13 0.16 Pending Pending
------------------------------------------------------------------------
Inc 161.34 168.49 7.15 16.51 0.25 Pending Pending
------------------------------------------------------------------------
RD-08-56 252.54 272.41 19.87 3.25 0.56 Pending Pending
------------------------------------------------------------------------
Inc 266.76 272.41 5.65 6.33 0.24 Pending Pending
------------------------------------------------------------------------
and 297.36 303.25 5.89 0.66 0.02 Pending Pending
------------------------------------------------------------------------
RD-08-57 116.33 118.37 2.04 7.73 0.93 Pending Pending
------------------------------------------------------------------------
(i) True Thickness unknown
Vice President of Exploration, Dr. George Gale, states, "We are
now seeing that the B lense pinches and swells along strike and
down dip, but it continues to provide high-grade sections. The
grade and thickness is particularly encouraging as this
mineralization appears to be mobilized material from some yet to be
identified mineralized body. The exploration team is not only
exploring the extents of the Discovery Zone mineralization, but
also looking for targets which may represent the source to the
mineralization discovered to date."
EXPLORATION UPDATE (outside of the Discovery Zone)
VMS Ventures is now compiling and interpreting the results of
its 2008 summer geochemical program. The survey involved ground
geochemical sampling over selected airborne geophysical anomalies
and other areas of interest on the Company's extensive property
package, all of which is prospective for additional VMS deposits in
the prolific Flin Flon-Snow Lake greenstone belt. Preparation and
target planning for the 2009 winter drill program on these
properties is underway.
All technical information in this release has been reviewed by
Dr. George Gale, P.Eng., Vice President, VMS Ventures Inc.
VMS Ventures Inc. currently has a profile on Corebox.net which
is updated as soon as assay results are released. The link to visit
our Corebox profile is:
http://www.corebox.net/properties/reed_lake/.
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
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