VMS Commences First Drill Program at Its 100% Owned Copper Project, Snow Lake, Manitoba
April 20 2010 - 6:30AM
Marketwired
VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to
report that plans for drilling base and precious metal targets on
its 100% owned Copper Project are now complete and that drilling
will commence this week. This program will target five areas in the
northernmost portion of the property, where exploration is at its
most advanced stage with all geophysical and geochemical surveys
completed. It is designed to test pronounced geophysical and
geochemical signatures on targets that have not been previously
drilled.
The Copper Project is located approximately 20 km southeast of
the mining community of Snow Lake where HudBay Minerals operates a
mill and concentrator and where the development and exploration of
the Lalor Lake zinc-copper-gold-silver deposit is ongoing. Access
to the northern end of the property is via paved highway. The
Company's Reed Lake discovery is located approximately 45 km by
paved highway to the west of the Copper Project claims.
Exploration by VMS Ventures commenced in 2007 with a VTEM
airborne survey which detected over 800 geophysical conductive
anomalies within the northern 12 km of this very large property.
The Copper Project extends over 30 km in length and covers an area
of approximately 350 square km. The VTEM survey collected data on
the magnetic and conductive geophysical characteristics of the
underlying greenstone belt. In 2008, the Company extended airborne
survey coverage to the rest of the property and executed
geochemical surveys in 2008 and 2009.
Vice President of Exploration and Technical Services, Dr. Mark
Fedikow states: "We have been anxious to get drilling underway at
the very large Copper Project. It is all ground underlain by the
highly prospective Flin Flon-Snow Lake greenstone belt. Within this
particular area the belt hosts four non-producing copper-zinc
massive sulphide-type deposits, thereby demonstrating the presence
of hydrothermal mineralizing systems. Our geophysical and
geochemical surveys integrated with historic drill information have
delineated numerous high quality targets, which we can now begin to
assess with drilling."
Drill Program Details
The program will assess five previously untested anomalies. All
targets in this program are within 2 km of a paved highway. Due to
wet ground conditions the drill sites will be accessed by
helicopter. A minimum of 1,500 metres of drilling is planned (see
image below).
Target 1 is located 1.2 km south of provincial highway # 39. It
is a long formational anomaly with isolated stronger conductance,
along with flanking style magnetic features and soil geochemistry
anomalies elevated in zinc, and is directly coincident with the
strongest electromagnetic anomaly.
Target 2 is located 1.7 km south of provincial highway # 39. It
is a long formational anomaly with isolated stronger conductance,
along with flanking style magnetic features and soil geochemistry
anomalies elevated in copper, and is directly coincident with the
strongest electromagnetic anomaly.
Target 3 is located 2.8 km south of provincial highway # 39. A
long formational anomaly with discrete breaks is evident. An area
of highest conductance, along with a flanking style magnetic
feature is targeted. Soil geochemistry is elevated in copper and is
directly related to the electromagnetic anomaly.
Target 4 is located 2.4 km south of provincial highway # 39. A
long formational anomaly with discrete breaks is evident. An area
of highest conductance along with flanking style magnetic feature
is targeted. Soil geochemistry is elevated in copper and is
directly coincident with the strongest electromagnetic anomaly.
Target 5 is located 400 m west of provincial highway # 39. This
discrete, moderately conductive anomaly is directly associated with
a strong magnetic anomaly. Soil geochemistry is elevated in copper
and is coincident with this target. The target is located 1km south
of the Copper-Man deposit.
To view the map accompanying this release please click on the
following link: http://media3.marketwire.com/docs/0419vms.jpg
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. 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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