VMS Ventures Inc.: Tower Zone Exploration Plans
May 21 2009 - 3:16PM
Marketwired
VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to
announce that it will complete the DEEPEM ground geophysical
survey, begun earlier in the year, to extend it over the Tower Zone
anomaly, near Snow Lake, Manitoba.
Line cutting is anticipated to commence by month end and will be
followed by up to 30 line km of DEEPEM coverage. This survey area
will examine the southern and eastern strike extents of the deep
geophysical anomaly first reported January 22, 2009. This survey
will extend coverage approximately 2 km further onto 100% VMS held
ground. The purpose of the survey is to assist in establishing
drill targets to further test the Tower Zone.
The anomaly is interpreted as representing a separate geological
unit and appears to be situated several hundred meters north of the
strata hosting the Reed Lake Discovery Zone. At the Tower Zone, the
DEEPEM anomaly appears to separate into two parts and appears to
represent two distinctive stratigraphic units. The southernmost
DEEPEM anomaly is coincident with a strong MMI Zn anomaly for
approximately 400 m on the VMS claim. This geochem anomaly occurs
south of the Tower alteration zone drilled in 2008. Although it is
possible that this anomaly may represent the eastward extension of
the Discovery Zone, there is no geological or geophysical evidence
at this time to corroborate this idea; the Discovery Zone strata
may extend eastwards in the undrilled area several hundred metres
to the south where there is a broad DEEPEM anomaly and a strong
magnetic anomaly.
The mineralization found at the Discovery Zone is of two
varieties, one of which appears to be remobilized mineralization
from what is believed to be a nearby source, and the other appears
to be a debris flow (rock slide) from a large body. Previous
drilling by VMS at the Tower Zone has not intersected a conductive
unit of mineralization that would explain the VTEM, DEEPEM or
geochem anomalies identified to date; however, weak to moderate
VMS-type alteration and minor amounts of copper and zinc sulphide
minerals have been identified in drill core. This new modeling of
the anomaly predicts the conductor target is located between 200
and 400 metres below surface.
This extension of the Highway-Tower DEEPEM anomaly will be
examined using a deep penetrating, large Loop Time Domain EM
survey. The survey will also test other VTEM and geochem anomalies
on the property. The ground survey being employed is the same
DEEPEM system, operated by the same field personnel (Koop
Geotechnical Services), used in the 2007 discovery of HudBay
Minerals' Lalor Lake deposit, at a depth of approximately 800
m.
Dr. George Gale states: "The coincidence of a strong deep
geophysical conductor, oriented parallel to and only 300 m north of
the Discovery Zone makes these strata a very prospective drill
target. The Tower Zone anomaly strikes NW-SE for at least 2 km, and
is bound by the Highway Zone copper/zinc occurrence at its NW end
and VMS associated alteration and mineralizations at its SE end.
These are strong indicators that this geophysical trend is a highly
prospective VMS target."
All technical information in this release has been reviewed by
Dr. George Gale, P.Eng, who is the Qualified Person for the Company
and Vice President of Exploration, 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/.
Investors are invited to visit the VMS Ventures IR Hub at
http://www.agoracom.com/IR/VMSVentures where they can post
questions and receive answers or review questions and answers
already posted by other investors. Alternatively, investors are
able to e-mail all questions and correspondence to VMS@agoracom.com
where they can also request to be added to the investor e-mail list
to receive all future press releases and updates in real time.
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) www.vmsventures.com Coal Harbor Communications Dale
Paruk (604) 662-4505 or Toll Free: 1-877-345-3399
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