VMS Ventures Inc. (TSX VENTURE: VMS) ("VMS") is pleased to announce
follow-up results from the new high grade copper zone discovery on
its Super Zone property located 1.8 kilometres northeast of the
Reed Copper deposit. The Super Zone and Northwest Zone properties
are part of a parcel of four property packages adjacent to the Reed
Copper deposit which are under option to HudBay Minerals Inc. (TSX:
HBM)(NYSE: HBM) ("HudBay").
Four holes were completed. Two holes, RLE007 and RLE009, are on
the Super Zone property and two other holes, RLE008 and RLE010, are
on the Northwest Zone property. Assay results and hole collar
information are tabulated below.
The two Super Zone holes tested the high grade copper zone
discovered in May in hole RLE006 (VMS Ventures news release dated
May 17, 2011). The first hole, RLE007, intersected two zones of
mineralization. The first was 2.23 metres long and averaged 5.94%
copper. It occurred from 121.75 to 123.98 metres down the hole. The
second zone occurred from 214.20 to 238.90 metres down the hole.
This broad, 24.70 metre, interval averaged 0.21% copper and 1.18%
zinc. The second hole, RLE009, intersected chlorite schist,
possibly related to a hydrothermal alteration halo.
Both Northwest Zone holes encountered chloritized rhyolite and
chlorite schist, but no economic mineralization. A borehole pulse
electromagnetic survey of RLE008 did, however, detect an
interesting anomaly close to the hole and it will be followed-up
later this summer.
HudBay has the right to earn a 70% joint venture interest in the
option properties. Two drills continue to work the option
properties concentrating on the high grade copper zone, other
geophysical anomalies as well as targets associated with the Reed
Copper deposit.
Neil Richardson, VMS' Chief Operating Officer states: "We are
pleased with the results to date on this high grade copper
discovery. HudBay has now completed four holes and three of them
have returned significant results. Drilling will continue to focus
on this area where the geophysical anomaly associated with the
mineralization has been traced over a 1 kilometre length."
Option Properties Assay Data:
------------------------------------------------------------------------
Hole From To Length
Number (m) (m) (m) Cu % Zn % Au (g/t) Ag (g/t)
------------------------------------------------------------------------
RLE007 121.75 123.98 2.23 5.94 0.27 0.40 5.50
------------------------------------------------------------
214.20 238.90 24.70 0.21 1.18 0.08 0.79
------------------------------------------------------------------------
------------------------------------------------------------------------
RLE008-010 inclusive No Significant Assays
------------------------------------------------------------------------
True widths unknown
Option Properties Collar Information:
---------------------------------------------------------------------------
Hole UTM UTM UTM Azimuth Length
Number East (1) North (1) Elevation (1) (2) Dip (metres)
---------------------------------------------------------------------------
RLE007 395050.00 6050455.00 295.00 358.00 -55.00 334.00
---------------------------------------------------------------------------
RLE008 390787.00 6050760.00 295.00 180.00 -50.00 209.00
---------------------------------------------------------------------------
RLE009 395050.00 6050455.00 295.00 358.00 -70.00 368.00
---------------------------------------------------------------------------
RLE010 392005.00 6050655.00 295.00 180.00 -60.00 119.00
---------------------------------------------------------------------------
(1) Universal Transverse Mercator / North American Datum 1983 / Zone 14
(2) "Azimuth" is degrees from True North
Reed Copper Deposit Joint Venture
A preliminary economic assessment and technical activities
required for permitting, including metallurgical and geotechnical
testing and mine design, are underway with the expectation of a
construction decision by year-end.
On July 6, 2010 VMS and HudBay announced they had entered into a
joint venture agreement in which HudBay and VMS have 70% and 30%
interests, respectively, in the Reed Copper deposit and two claims
immediately south of the deposit. The parties have also entered
into four option agreements which grant HudBay the right to earn a
70% interest in properties held by VMS and adjacent to the Reed
Copper deposit property.
For additional details on the Reed Copper deposit, see VMS' NI
43-101 compliant technical report entitled "Technical Report Reed
Deposit, Central Manitoba, Canada" dated March 31, 2011, available
at www.sedar.com.
Qualified Person
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.
Quality Assurance and Quality Control
Exploration core drilling was NQ size. The core was logged and
mineralized intersections were marked for sampling and assaying by
geologists and geotechnicians employed by HudBay's Hudson Bay
Exploration and Development Company Limited (HBED) subsidiary. The
marked intersections or intervals were sawn in half by a diamond
saw and one half of the core was placed in plastic bags and tagged
with unique sample numbers, while the second half was returned to
the core box and stored. Each bagged core sample was transported to
HudBay's Hudson Bay Mining and Smelting Co., Limited (HBMS)
subsidiary's assay laboratory in Flin Flon, Manitoba where it was
dried, crushed and pulverized and a 250-gram sample was prepared
for assaying at Acme Analytical Laboratories Ltd., an independent
company in Vancouver, B.C., or the HBMS assay laboratory. From each
250 gram sample 0.25 grams was removed and leached in aqua regia
and analyzed by ICP-AES for Ag, Cu, Zn, As, Pb, Ni and Fe. Also
from the 250 gram sample, 30 grams were removed for gold
determination by fire assaying with an ICP-AES or gravimetric
finish at the Acme laboratory or an Atomic Absorption or
gravimetric finish at the HBMS laboratory.
Assaying integrity is monitored internally with a quality
control program, which includes the use of assay sample standards,
blanks, duplicates and repeats and externally through national and
international programs. In addition, within each group of 20 core
samples, one core sample has a second 250 gram split collected that
was check assayed at a different laboratory, either the HBMS
laboratory in Flin Flon or at the Acme laboratory in Vancouver,
B.C. This news release provides core lengths and estimates of
vertical thickness only. True widths are not provided. Where metal
assays are provided for intersections they are either a single
assay of a sample of the entire intersection length or a composite
of assays calculated from interval weighted assays over the
intersection length.
About VMS Ventures Inc.
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.
These properties are located in the mining friendly province of
Manitoba, Canada. The Company also has optioned three properties in
the Sudbury mining camp. They are Terra Incognita, Golden Pine and
Black Creek.
Forward Looking Statement
Some of the statements contained herein may be forward-looking
statements which involve known and unknown risks and uncertainties.
Without limitation, statements regarding potential mineralization
and resources, exploration results, and future plans and objectives
of the Company are forward-looking statements that involve various
risks. The following are important factors that could cause the
Company's actual results to differ materially from those expressed
or implied by such forward-looking statements: changes in the world
wide price of mineral commodities, general market conditions, risks
inherent in mineral exploration, risks associated with development,
construction and mining operations, the uncertainty of future
profitability and the uncertainty of access to additional capital.
There can be no assurance that forward-looking statements will
prove to be accurate as actual results and future events may differ
materially from those anticipated in such statements. VMS Ventures
Inc. undertakes no obligation to update such forward-looking
statements if circumstances or management's estimates or opinions
should change. The reader is cautioned not to place undue reliance
on such forward-looking statements.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal, President
VMS Ventures Inc.
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
www.vmsventures.com Launch IR Matt Harrington or Dean Hanisch (613)
882-7467
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