Geophysical Survey Extends Tower Zone Anomaly 600 Metres Further to the South and to the North and East, on 100% VMS Ventures Gr
August 12 2009 - 6:30AM
Marketwired
VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to
announce that the data collection phase of the July 2009 ground
geophysical survey (DEEPEM) at the Company's Reed Lake property,
near Snow Lake, Manitoba is now complete. Preliminary results
indicate:
1. The Tower Zone anomaly, located approximately 1 km to the
east of the Reed Lake Discovery Zone, extends at least 600 metres
further south on 100% held VMS Ventures property (See image 1:
http://www.vmsventures.com/image_pages/image029.asp).
2. This anomaly extension is comprised of two, and possibly
more, conductive horizons, another of which is trending to the east
and north, also on 100% VMS land, and (see image 2:
http://www.vmsventures.com/image_pages/image030.asp).
3. Where exploration soil geochemical surveying covers these
geophysical conductors, high-contrast multi-sample anomalies for
zinc, cadmium and gold are documented, indicating a possible
relationship between the conductor and metals of interest.
Analysis of the DEEPEM survey completed earlier in the year
(March 12, 2009 news release) provided indications that the south
east end of the anomaly was splitting into two separate features.
The survey just completed was able to define the second southerly
conductor by utilizing two separate transmission loop
configurations. One was positioned to the north of the Tower Zone
anomaly, and the second was positioned to the south, to properly
couple the second conductive body.
Of further interest, is that airborne geophysical surveys and
geochemical sample surveying north of the Tower Zone anomaly
indicates the presence of additional conductors. Once the recent
data has been fully processed, analyzed and interpreted, which is
anticipated to take 3-4 weeks, a plan to continue the survey to the
north and east to follow the known conductors and seek out
additional conductors will be developed. The preliminary survey
data indicate that the targets are 200 - 300 metres deep, which is
below any targets previously identified and tested outside of the
Discovery Zone, where mineralization has, so far, been intersected
to a depth of 450 metres from surface.
Kevin Ralph, Chief Geophysicist of Crone Geophysics, states: "A
preliminary analysis of the DEEPEM data collected by Koop
Geotechnical Services Inc. has revealed the presence of two
separate conductive sources both of which appear as very promising
targets. Both sources appear to lie within 200-300 metres of
surface and both are characterized by late time, long wavelength
responses. Such features are indicative of high conductance sources
with the potential for significant depth extents. Prominent
anomalies such as these, in such close proximity to the Reed
Discovery Zone, certainly rank as very high priority drill
targets."
Dr. George Gale, VP Exploration states: "The findings of the
DEEPEM geophysical survey appear to support our exploration model
for the property, that the Discovery Zone is remobilized and
transported mineralization from a nearby, possibly much larger,
source deposit. This new much larger feature may well represent the
missing source deposit. If the anomaly does represent
mineralization similar to the Discovery Zone, then the overall size
potential at, and around Reed Lake, is considerable given that the
anomaly associated with the Discovery Zone is approximately 200
metres in length and this new anomaly appears to be over 2,000
metres long."
Previous drilling by VMS at the Tower Zone has not explained the
VTEM, and DEEPEM anomalies located to date. However, weak to
moderate VMS-type alteration and minor amounts of copper and zinc
sulphide minerals have been identified in drill core. DHPEM (bore
hole surveys) logging was performed in three of the Tower Zone
drill holes. These results suggest that all three holes were 'near
misses' of strong conductive features. The modelling of the new
DEEPEM data suggests the conductor targets lie between 200 and 300
metres below surface, which appears to validate the DHPEM
results.
With the preliminary DEEPEM results in hand, a geochemical soil
survey over the new targets is being undertaken. These results are
anticipated by month end, about the same time that full processing
and interpretation of the airborne and ground geophysics is
completed.
The drill plan for the southern extension of the Tower Zone
anomaly will be confirmed following this final analysis of the
summer 2009 geophysical and geochemistry data. It is expected
drilling can begin near the end of September.
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 (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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