VMS Ventures Reports Drill Targets Identified on Its 100% Owned Tower Zone Property
September 18 2009 - 6:30AM
Marketwired
VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to
announce that following detailed analysis of geophysical and
geochemical data, drill target areas have been identified on the
Company's 100% Tower Zone claim (MB5188), located approximately
1,000 metres east of the Reed Lake Discovery Zone, near Snow Lake,
Manitoba.
Koop Geotechnical Services Inc. has been summarizing and
collating various data sets over the past six weeks and has
presented the Company with a preliminary drill target report. The
two major areas featured are Tower Zone North and Tower Zone South
presented as:
To view the Tower Zone Drill Target Areas, please click on the
following link:
http://www.marketwire.com/library/20090917-VMSmap.jpg
Tower Zone North is an area of approximately 700 x 150 metres
with clusters of electromagnetic anomalies and coincident magnetic
trends. Drilling completed to date by the Company intersected up to
30% sulphides locally, but failed to explain the strong-late
channel electromagnetic anomalies seen in the VTEM or DPEM surveys.
The geometry of deposits in the Reed Lake area is generally
"pipe-shaped" therefore making them difficult to model with
geophysics. The top of this DPEM anomaly is modelled to be 100
metres below surface and it has a down plunge extent of 500
metres.
Tower Zone South is an area of approximately 500 x 200 metres
with similar clusters of electromagnetic anomalies as the Tower
Zone North Area. Drillhole TZ-08-07 intersected 34 metres of
rhyolite with disseminated pyrrhotite, chalcopyrite and magnetite
mineralization. Chlorite alteration elsewhere in the drillhole and
layered sulphides in an adjacent drillhole (TZ-08-04) suggests it
is proximal to a volcanogenic massive sulphide deposit. The
geophysical data suggests "pipe-shape" deposits similar to our Reed
Lake Discovery. The disseminated mineralization encountered
represents the very upper portion of the modeled geophysical plate
and will be followed up with a number of diamond drillholes. The
top of the target is estimated at 170 metres below surface and has
a down plunge extent of 400 metres.
VP Exploration, George Gale, states: "We are very encouraged by
this initial report. It appears to confirm that we were near the
top or edge of several anomalies in our earlier drilling and this
program should allow us to determine the true potential of these
now, very well defined targets. These are substantial target areas.
The Discovery Zone's drilling to date covers a strike length of
only 200 meters. Further, the report's suggestion that the shape of
at least two of these anomalies is like a cone or rod appears to be
similar to the shape of the Reed Lake Discovery and fits our
hypothesis that this could be a VMS Camp."
The Highway-Tower Zone anomaly is now known to extend to the
eastern limits of the area surveyed and the target horizon remains
open in the east and north east direction. Additional geophysical
surveys are planned to commence following freeze-up, most likely in
late October or November depending on weather conditions in the
area. The Company is still awaiting results from the MMI soil
sampling program undertaken this summer.
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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