VMS Ventures to Drill Five Large Conductor Plate Models in a Two Phase Program On, and Near, Its Tower Zone Property
October 15 2009 - 1:57PM
Marketwired
VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to
announce a drill program to test five distinct substantial
conductive zones, primarily modeled from DeepEM geophysical
surveys. Additional data used to develop the targets was gathered
from VTEM airborne and borehole geophysical surveys, as well as
geochemical surveys and drill core from earlier VMS drilling.
The program will take place in two phases. Phase one will
consist of a minimum of 1,250 m of diamond drilling and up to 5,000
m. It is planned that each hole will undergo electro-magnetic
borehole surveying, upon completion, to look for adjacent
conductive sulphide bodies not identified in the drill core, and to
help guide geologists towards the zones of greater
conductivity.
The first phase is expected to begin within three weeks and will
focus on three large conductor anomalies located on the Tower Zone
property, the REED 5188 claim. These targets are on high ground,
just south of provincial trunk highway 39. Tendered drill contracts
for Tower Zone phase one drilling will be received at the Snow Lake
field office no later than Friday, October 23rd.
The first target, Target M-1, is modeled as a conductive plate.
To begin, a 450 m long drill hole will test the centre of the
plate, where the geophysical anomaly appears strongest. This hole
also tests an area with geochemical anomalies that may be
associated with this conductor.
Target M-2 is another conductive plate with over 400 m in strike
length. It is located on the northern boundary of the REED 5188
claim and the plan is to test it with an initial 350 m long drill
hole. An earlier borehole survey of hole TZ-08-01 identified a
strong off hole anomaly directly in front of the borehole and
possibly within 25 to 50 m of the end of hole TZ-08-01, and so
deeper testing of this target is a high priority.
Target M-3, also a conductive plate, has a strike length of
approximately 300 m and located to the east of M-2. An initial
drill hole of 450 m is planned to intersect the strongest part of
this anomaly.
VP Exploration, George Gale, states: "The planned drill holes
are designed to explain the source for the strong conductive
anomalies documented in several independent geophysical surveys
conducted by the Company. The association of alteration and copper
and zinc sulphide minerals in the general area of the anomalies
increases our prospects of a VMS deposit being the source. Only
drilling can confirm this, but to date the evidence is considered
very encouraging. Several of the holes previously drilled at the
Tower Zone have passed close to, or along the end of, the newly
modeled plates and the only conductive minerals in those holes are
pyrite and pyrrhotite. This gives us further encouragement, given
that graphite mineralization can commonly appear as a strong
conductor and is often a disappointing explanation for otherwise
exciting drill targets. The addition of the deep penetrating
geophysics has greatly enhanced our chances of locating these
targets."
The second phase of drilling will target anomalies located in
areas of lower topography where swamp impedes access to drill
locations. These targets are to the northeast of the Tower Zone and
will be tested following freeze up. Depending on weather conditions
this phase of drilling is planned for December 2009 or January
2010.
The Tower Zone drilling will take place approximately 1,000 m to
the east of the Discovery Zone copper-zinc mineralization
discovered in 2007. See the press release dated October 4, 2007 at
the following link:
(http://www.vmsventures.com/newsroom/NRG107.asp)
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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