VMS Ventures Inc.: 2 km Long Horizon to Be Explored With Deep EM Geophysical Survey Southwest of Reed Lake Discovery Zone, Snow
January 22 2009 - 3:28PM
Marketwired
VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to
report a planned deep EM geophysical program at the Company's 100%
owned Dunlop property.
During the past eighteen months at the Reed Lake project, the
Company has gained extensive geological knowledge regarding the
deposit, and the land immediately surrounding it. Activities,
including diamond drilling, geochemistry surveys, and airborne,
ground and down-hole geophysical surveys, have led to the
identification of a new target horizon that is considered highly
prospective for additional base metal massive sulphide deposits.
This exploration horizon is broadly defined by a trend of magnetic
anomalies that begins at the Discovery Zone and extends
approximately two kilometers to the west-southwest on the Company's
100% owned Dunlop property.
Vice President of Exploration, Dr. George Gale says:
"Collectively, these results appear to define a geological unit
related to the Discovery Zone which is therefore prospective for
hosting additional base metal massive sulphide-type deposits, or
possibly, is the larger source deposit for the Discovery Zone
mineralization discovered to date. As discussed in previous press
releases the mineralization found at the Discovery Zone is of two
varieties. The "A" zone, which appears to be a debris flow that has
broken away from a yet to be identified source, located on the same
horizon as the "A" Zone, and the "B" zone, which appears to be
remobilized mineralization from what is believed to be a nearby
source.
One target of particular interest, within the identified
horizon, is located approximately 900 m southwest of the Discovery
Zone mineralization. This target has both VTEM conductor anomalies
and an associated magnetic response, which is similar to the
Discovery Zone though lower in amplitude. This EM anomaly may be
the geophysical signature of another body of sulphide
mineralization related to the Discovery Zone."
(http://www.vmsventures.com/image_pages/image026.asp)
This new target horizon will be examined using a deep
penetrating, large Loop Time Domain EM survey. A 30 line kilometer
grid is now being cut and will be completed this month. This ground
survey will employ the same DeepEM system and field personnel (Koop
Geotechnical Services) used in the 2007 discovery of HudBay
Minerals Ltd's Lalor Lake deposit at a depth of approximately 800
m. This advanced technology will permit the Company to assess this
enlarged area of interest southwest of the Discovery Zone to depths
far below previous airborne surveys. The Discovery Zone
mineralization has been intersected down to 450 meters and is open
at depth.
The Company's geological team, with its geophysical consultants,
is reviewing VTEM results from its 2007 and 2008 airborne surveys
over the Puella Bay, Copper and Sails Lake project areas. They are
also synthesizing additional data, including compiled historical
reports and, Company geological mapping and ground geochemical
surveys, on each project, Plans for winter 2009 include
refurbishing grid lines, determining, where appropriate, new ground
geophysical programs should be conducted, target selection and
budgeting for each project's initial drill program.
All technical information in this release has been reviewed by
Dr. George Gale, P.Eng, the Qualified Person, Vice President of
Exploration and Director of 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
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