VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to announce it has optioned three properties in the Sudbury Basin from prospector and owner John Brady. They are the Black Creek, Terra Incognita and Golden Pine properties, all of which are located in the North Range of the Sudbury Basin.

Previous operators mounted geophysical and geochemical exploration programs on each of the three properties, but were unable to undertake follow-up programs to further refine and drill test anomalies. The properties are characterized by a wide range of mineral deposit types, however it is the untested base metal massive sulphide-type of mineralization that provides VMS Ventures with excellent opportunities to discover base metal resources in the Sudbury area. Mineral deposit types present on the three properties include:


1.  Zinc-copper base metal massive sulphide-type mineralization;
2.  Base metals and associated gold in iron formation;
3.  Epigenetic gold-silver-pyrite-quartz-carbonate veins;
4.  Placer gold and rare earth elements in Pleistocene outwash sand and
    gravel; and
5.  Uranium mineralization in Mississauga Formation quartz-pebble
    conglomerate.

VMS Ventures' CEO Rick Mark states, "VMS became aware of these polymetallic properties through VP Exploration, Mark Fedikow's Sudbury experiences and his work in assembling the Sudbury property package for the VMS spin out company, North American Nickel. I am particularly pleased that the agreement structure allows VMS to proceed without pressure from work expenditure commitments, and so we will be able to build these three properties into our 2011/2012 property drill readiness schedule and not take away from our 2010 plans focusing on the Copper, Sails Lake and Morton Lake projects in Manitoba."

Black Creek:

The Black Creek property is situated in southwest Parkin Township and eastern Hutton Township approximately 20 km north of Capreol which is 30 km north of Sudbury. The property has excellent all-weather road access. Black Creek comprises 63 mining claims (93 mining claim units). The property is characterized by interbedded altered and mineralized Archean felsic and mafic volcanic rocks hosting disseminated, blebs and laminae of sphalerite, chalcopyrite and galena. Previous operators undertook grid-based EM and magnetic surveys but drill testing of the multiple anomalies defined by this survey was never undertaken. Ground truthing of the area of the anomalies documented strongly altered volcanic rocks and base metal mineralization. Subsequent to data compilation the property will be mapped and ground geophysical surveys undertaken.

Terra Incognita:

The Terra Incognita property is situated in Parkin Township approximately 30 km north of Sudbury and 20 km north of Capreol. The property consists of 28 unpatented mining claims comprising 41 units of 40 acres each. The geology and contained geophysical anomalies defined by historic geophysical surveys is enigmatic owing to thick overburden cover. Airborne geophysical surveys followed by soil geochemical surveys to prioritize geophysical anomalies are planned. This approach has been demonstrated to be very effective in focusing exploration on VMS Ventures' base metal massive sulphide-type properties in the Flin Flon greenstone belt in Manitoba.

Golden Pine:

The Golden Pine property is situated in south-central Parkin Township approximately 20 km north-northeast of Capreol which is in turn 30 km north of Sudbury. Access is by paved road and logging trails. The property comprises 17 unpatented mining claims. Each 40 acre mining claim consists of 22 units. The property is host to structurally-controlled epigenetic gold-silver-pyrite-quartz-carbonate veins hosted within molybdenum and barium-enriched altered rhyolite with a significant number of base metal occurrences. Previous operators intersected 29.8 g/t gold and 55 g/t silver over 0.7 m and 15.05 g/t gold over 2.02 m in separate drill programs on the property. Rock chip samples with ranges of 18.5 g/t gold - 42 g/t gold are also documented. A structural geological mapping program, electromagnetic, magnetic and induced polarization geophysical surveys and soil geochemical surveys are planned for the property.

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.

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-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed Lake Project, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. In addition to the copper-zinc massive sulphide deposit prospects, VMS has extensive land holdings prospective for nickel-copper deposits north of Thompson and at South Bay in northern Manitoba and one project, Cedar Lake, in the southern portion of the Thompson Nickel Belt. 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

Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Vortex Metals Charts.
Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Vortex Metals Charts.