VMS Ventures Updates Tower Zone Drill Progam Planning; Geochemcial Anomalies Over Deep Conductors at Reed Lake Properties, Snow
September 25 2009 - 6:30AM
Marketwired
VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to
update shareholders on its Tower Zone drill planning, including
initial results of the summer 2009 geochemistry program in and
around the Reed Lake Discovery Zone.
In the final report on the Tower Zone, now received from Koop
Geotechnical Services Inc., the targets announced September 18,
2009 are confirmed to be coincident or spatially associated with
MagTilt anomalies. MagTilt anomalies enhance near surface magnetic
features, such as geological units and structures within 200-300
metres of surface. These anomalies indicate the possibility that
structures similar to the Reed Lake Discovery Zone shape can be
found at the Tower Zone.
To view the 2007-08 Diamond Drill Hole Collars with Mag-Tilt
colour image, please click on the following link:
http://media3.marketwire.com/docs/vms925.pdf.
The geochemical survey sample data collected this summer at, and
near, the Company's Reed Lake Discovery Zone, has now been
received. The survey data is still undergoing review and final
interpretation, but the samples covering the Tower Zone targets
have returned some positive indicators of Cu-Zn-Ag-Au
mineralization in the area of the geophysical conductor targets
announced September 18, 2009.
Final drill plans for the Tower Zone are underway. Specific
drill hole designs will be constructed and targeting plans will be
finalized next week in the Company's exploration team meetings in
Snow Lake.
The HudBay Minerals September 22, 2009 announcement of a new and
high grade copper-gold rich zone of mineralization beneath the
Lalor Lake deposit is a very exciting development for HudBay and
all exploration companies with property in the Snow Lake, Manitoba
area. VMS Ventures holds large strategic exploration properties
over a number of VMS deposit-bearing, prospective Time Space Units
(horizons) in the Snow Lake end of the prolific Flin Flon Snow Lake
VMS belt (http://www.vmsventures.com/pdfs/Discovery_Zone.pdf). The
properties selected by the Company all host either VMS deposits or
strong evidence of volcanogenic massive sulphide producing
hydrothermal systems.
VMS Ventures uses the same consultants and the same state of the
art downhole geophysical surveying used by HudBay Minerals in
discovering and expanding Lalor Lake. These methods confirm and
enhance the Company's geological and geochemical interpretations in
its pursuit of new mines and deposits in the camp, The new deep
anomalies at the Tower Zone are the most recent example of this
collaboration.
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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