VMS Ventures Inc.: Reed Lake Discovery Zone Stratigraphy Extends Through the Tower Zone, Near Snow Lake, Manitoba
January 13 2010 - 6:30AM
Marketwired
Editor's Note: There are 2 photos associated with this Press
Release.
VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") has
completed its diamond drill testing of phase one targets, at the
Tower Zone, on its 100% held Reed 5188 and Reed 5196 claims. The
program consisted of three holes and the extension of a previous
hole for a total of 1809 metres. Diamond drill hole (TZ-08-01) was
extended to assess a Borehole Pulse Electromagnetic (BHPEM)
anomaly. All drill holes intersected sulphide mineralization
explaining the Surface Pulse Electromagnetic (DPEM) and coincident
Versatile Time-Domain Electromagnetic (VTEM) anomalies.
The phase one targets are located within 1500 m of the Company's
Reed Lake Discovery Zone, which has produced numerous significant
drill results beginning with the Discovery Hole announcement
October 4, 2007, which included an intercept of 10.50 m of 11.19%
copper within 43.05 m of 4.38% copper.
http://www.vmsventures.com/newsroom/NRG107.asp
Two of the holes intersected near solid sulphide with
disseminated chalcopyrite and sphalerite at, or near, the contact
between sericitized and silicified altered rhyolite and basalt
volcanic units. The occurrence of alteration, such as this, at or
near the contact of felsic and mafic volcanic units is an important
characteristic for copper-zinc-gold-silver deposits in the Flin
Flon - Snow Lake mining camp and in other major VMS deposit
districts around the world.
The stratigraphic interval within the felsic volcanic centre
that hosts the Discovery Zone has now been interpreted to continue
at least 2 km to the southeast through the Tower Zone area. This
key stratigraphy also appears to extend to the northeast for an
additional 1.3 kilometers through and near the area of VMS' phase
two drill targets (see image 1).
Vice President of Exploration and Technical Services, Dr. Mark
Fedikow, states: "The presence of visible chalcopyrite and
sphalerite in anastomozing pyrrhotite - pyrite veins within highly
silicified and sericitized quartz-phyric, rhyolitic volcanic rocks
confirms the presence of VMS-type alteration and a plumbing system
for base metal massive sulphide mineralization. Of critical
importance is the recognition of key volcanic components that
comprise a productive stratigraphy potentially hosting multiple
base metal deposits between the Discovery Zone, the Tower Zone and
elsewhere along this horizon. Ongoing geophysical and geochemical
surveys will assist us in exploring and extending this stratigraphy
and targeting additional base and precious metal-bearing conductive
zones."
Claims Reed 5188 and Reed 5196 are part of the Company's
extensive Reed Lake property package in the Snow Lake mining
district of Manitoba, which the Company is now referring to as the
Reed Lake Super Zone. It is approximately 550 hectares in size,
contains numerous untested conductive features and is known to host
three mineralized zones (Discovery, Tower and Highway).
The Super Zone has been defined on the basis of "AdTau" (see
image 2), which is a calculated measurement derived from the
analysis and interpretation of Versatile Time-domain
Electromagnetic system (VTEM) data. AdTau is a direct indication of
rock conductivity. The metal-rich mineralization that comprises
VMS-type deposits typically produces strong conductivity responses.
The 550 hectare Reed Lake Super Zone is interpreted to be highly
prospective for this style of deposit. The Company is building its
Super Zone exploration plans based on the hypothesis that it may
host a VMS camp of several deposits.
Core logging is nearing completion and core samples will be sent
for analysis shortly. Assays will be reported as they become
available. Borehole electromagnetic surveying has been completed
and the interpretation of the data will be available by mid January
and integrated into phase two exploration planning. Surface pulse
electromagnetic and borehole pulse electromagnetic surveys have
been refined over the last few years, thus allowing explorationists
to now see deeper targets and multiple horizons, such as the Lalor
Lake deposit of HudBay Minerals Inc.
Phase two of the Tower Zone drill campaign will commence
following compilation and integration of all data from our phase
one program and should begin in late January, 2010. Phase two will
focus on new targets, northeast of the Tower Zone, which were
identified from an earlier compilation of exploration data and
targets generated from phase one. Up to 3,000 metres of diamond
drilling is budgeted for phase two.
All technical information in this release has been reviewed by
Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the
Company and Vice President of Exploration and Technical Services,
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 and the South Bay nickel-copper-cobalt PGE 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
To view the photos associated with this press release, please
visit the following links:
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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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