VMS Ventures Begins Tower Zone Ground Geophysical Survey and Commences Summer Mapping Program Near Snow Lake, Manitoba
June 17 2009 - 12:43PM
Marketwired
VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to
announce that a deep penetrating ground geophysical survey is now
underway testing the southeastern extent of the Tower Zone anomaly
identified during the spring/winter program. Also, the summer 2009
geological mapping program has begun on the Company's claims in the
Snow Lake base metals camp.
Tower Zone DeepEM Survey
The deep penetrating geophysical survey now underway at the
Tower Zone will cover up to 40 line km of newly cut grid lines and
extend survey coverage a further 1.5 km further east of the last
line surveyed on the Highway Zone-Tower Zone anomaly. The anomaly
as measured to date extends over a distance of approximately 2km
southeastwards from the Highway Zone copper-zinc occurrence and is
modeled to be between 200m - 400m depth from surface. Vice
President of Exploration, Dr. George Gale states: "Evidence of
copper-zinc-gold-silver mineralization near the western end of the
anomaly at the Highway Zone and the VMS-type alteration with trace
copper and zinc sulphide minerals along the same trend at the Tower
Zone, is very encouraging and greatly enhances the prospectivity of
this target area."
2009 Mapping Program
Two geologists and a geological assistant have now begun a 100
day mapping study over the Puella Bay, Sails Lake and Morton Lake
properties, which are all situated north of the Flin Flon-Snow Lake
VMS belt's dolomite covered rocks. Each of these properties have
large areas of exposed Precambrian rocks, and it is in these older
rocks that the base metal deposits are hosted. The mapping will
focus on locating areas with favorable deposit geology such as
felsic volcanic units and areas with VMS related alteration
minerals.
Puella Bay
The program will start at the Puella Bay project, with an
initial focus on an area where the Company staked an additional 30
claims (75 sq km or 29 sq miles) in early 2009. That decision was
based on two separate discoveries. First, in the 2009 Puella Bay
drill program, two holes encountered an extensive VMS-type
alteration zone with minor amounts of copper and zinc present.
Second, Company geologists discovered a new precious metal-bearing
exhalative unit with up to 1.4 g/t gold within the Puella Bay
rhyolite by re-logging and analyzing samples from historic,
archived drill core from the property.
This previously unrecognized mineralized strata on the east
flank of the Puella Bay project extends the prospective geology for
an additional 11 km. In addition to the geological mapping, the
Company plans to undertake rock geochemical mapping surveys to
identify and delineate additional VMS-type alteration zones within
the 20 km long portion of the Puella Bay rhyolite complex being
examined this summer. Samples of rock will be collected and
analyzed to provide evidence of alteration which is best detected
by geochemical methods.
Sails Lake
At the Sails Lake project, mapping is expected to commence in
early July and focus on delineation of volcanic stratigraphy.
Previous maps show the area to be underlain by mafic rocks,
however, reconnaissance investigations by VMS Ventures in 2007,
indicate that the area contains subaqueous felsic volcanic rocks,
and distinctive mafic volcanic rocks that are visually identical to
those found immediately above the rocks hosting the HudBay Minerals
Anderson Lake VMS deposit at Snow Lake, approximately 25 km to the
west.
Company geologists are enthusiastic about this property due to
the presence of strong VTEM conductors on the property and in
particular a 2 km long ground EM conductor, which is coincident
with a unit of exhalite-bearing rocks. Minor zinc and copper are
exposed in a trench that cuts this exhalite and a historic drill
hole with 7.2% zinc over 60 cm appears to have cut the same unit in
an area with multi-element soil geochemical responses. Vice
President of Exploration, Dr. George Gale states: "The coincidence
of significant zinc mineralization directly related to a 2 km
conductor with key volcanogenic massive sulphide associated rock
units such as the exhalite-bearing rocks makes this fertile ground
for the discovery of new base metal deposits."
Morton Project
The Morton Lake project will be investigated in a reconnaissance
manner later in the summer with the aim of delineating the felsic
volcanic units that host the Dickstone copper-zinc deposit. This
past producing mine, held by Xstrata, is located approximately 500m
from the western boundary of the Company's claims in the area.
Occurrences of base metal mineralization hosted within felsic
volcanic rocks have been described from several locations on the
Morton property and these will be investigated to determine their
relationship to the rocks hosting the Dickstone deposit.
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
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts 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
www.vmsventures.com Coal Harbor Communications Dale Paruk (604)
662-4505 or Toll Free: 1-877-345-3399
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