VMS Ventures Inc. and Hudbay Exploration and Development Limited Agree to Extend the Terms of Their Reed Lake Option Agreement
June 18 2010 - 7:00PM
Marketwired
VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to
announce that the Company and its option partner Hudbay Exploration
and Development Limited have agreed to extend their June 20, 2007
agreement on claims P5030E and CB5503. These claims, near Snow
Lake, Manitoba have been the focus of attention over the last two
years due to VMS' discovery of what has come to be known as the
Reed Lake deposit. The extension is for one month and VMS now has
until July 20, 2010 to exercise its option on the property. The
companies are continuing to negotiate a joint venture agreement in
respect of the Reed Lake property.
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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