VMS Vortex Metals Inc

VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS" or the "Company") is pleased to
announce the results of a surface time-domain electromagnetic (TDEM) survey on
its 100% owned Terra Incognita project and the first phase of trenching on its
100% owned Golden Pine project. Both projects are located north of the Sudbury
basin and approximately 40 kilometres northeast of Sudbury, Ontario. 


Neil Richardson, COO states: "We are pleased with the TDEM survey over the Terra
Incognita project, which has provided at least three significant targets for our
planned 2013 winter drilling program. As well, the first phase of our trenching
program at Golden Pine shows that the MMI soil geochemistry survey is outlining
bedrock-hosted gold mineralization, which we will now follow-up with trenching
and channel sampling." 


The surface time-domain electromagnetic survey at Terra Incognita completed late
last winter has now been incorporated into the company's GIS database (Image 1:
http://media3.marketwire.com/docs/VMSimage1.pdf). The TDEM survey was completed
by Crone Geophysics Ltd. of Mississauga, Ontario on a grid cut by a crew from
the Wahnapitae First Nations. The survey covered approximately 20 line
kilometres with station readings taken every 25 metres and line spacing of 100
metres. Six TDEM anomalies were outlined from this survey, with three ranked as
high priority targets. Two of the high priority targets have coincident Mobile
Metal Ion (MMI) geochemical anomalies and VLF geophysical conductor anomalies.
Drilling is planned to test these targets in the upcoming 2013 winter drilling
program.


The first phase of trenching has been completed on the Golden Pine project where
two separate areas were mechanically stripped to expose the bedrock; a total
area of 400m2 was excavated. These trenches focused on a coincident Induced
Polarization geophysical anomaly and a Mobile Metal Ion geochemical anomaly over
an inferred contact between granite and intermediate volcanic rocks. A second
trench focused on a MMI anomaly near historical zone B. Results from the first
phase of channel sampling yielded assay results of up to 12.00 g/t gold over
0.50 metres. Two continuous samples averaged 11.68 g/t gold over 1.00 metre in
an intermediate volcanic rock in the first trench area (Image 2:
http://media3.marketwire.com/docs/VMSimage2.pdf). 


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 Mine, which is subject to a 70-30 JV with HudBay Minerals and is
scheduled for production in Q3- 2013, 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. 


VMS Ventures owns approximately 27M shares of North American Nickel Inc. (TSX
VENTURE:NAN). For more information on North American Nickel Inc., please visit
www.northamericannickel.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. 


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, B.Sc. 

President, VMS Ventures Inc.

Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jun 2024 to Jul 2024

Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jul 2023 to Jul 2024