VMS Ventures to Begin Phase One Drilling on the Tower Zone at the Reed Lake Property, Snow Lake Manitoba
October 30 2009 - 6:30AM
Marketwired
VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") will begin
drilling Phase One targets at the Tower Zone on, or about, November
4th, 2009, on its 100% held Reed 5188 claim, part of the Reed Lake
property in the Snow Lake mining district of Manitoba. Phase One
targets are proximal to, and hosted within, the same rock package
as the Company's Reed Lake Discovery Zone.
As announced October 15, 2009, a drill program to test at least
five conductive zones, primarily modeled from DeepEM geophysical
surveys, is planned.
Phase One will include a minimum of 1,500 m of diamond drilling
with up to 5,000 m planned. Upon completion of drilling, each hole
will undergo electro-magnetic borehole surveying to look for
adjacent conductive sulphide bodies not identified in the drill
core. A fourth target has been added to Phase One, following
exploration team meetings earlier this week. This target will test
the relationship of the geology and geophysical responses, in
particular magnetic responses, as well as test a conductor
identified in the DeepEM geophysical survey which appears to have
coincident geochemical anomalies. Phase One drilling and borehole
surveying is expected to take approximately three weeks.
Phase Two will commence following freeze-up in areas north and
east of the Tower Zone, where wet ground conditions currently
prevent drilling.
Of particular interest in Phase Two is a zone of conductance
identified in reprocessed borehole geophysical survey data from a
drill hole completed prior to the Company's acquisition of the
claims. The drill hole intersected anomalous zinc and copper values
within altered felsic volcanic rocks near the upper edge of the
modeled plate. This is a common geological setting for
copper-zinc-gold-silver deposits in this belt and the hole appears
to have intersected only the upper edge of the anomaly associated
with the mineralized zone.
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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