VMS Vortex Metals Inc

VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is pleased
to announce that North American Nickel Inc. (TSX VENTURE:NAN) ("North American
Nickel" or "NAN"), issued a press release this morning announcing that diamond
drilling has begun on its 100% owned Maniitsoq Project. VMS owns approximately
27.5% of NAN. The release is as follows:


"North American Nickel is pleased to announce that diamond drilling has begun on
its 100% owned Maniitsoq project. A minimum of 3,000 meters is planned and it
will focus on testing high priority VTEM electromagnetic (EM) anomalies defined
within the 70 km-long Greenland Norite Belt and on following up the multiple
high-grade nickel sulphide intersections drilled by NAN last year at Imiak Hill
and the Spotty Hill discovery. 


NAN CEO Rick Mark states: "The full team is now in Greenland and helicopter
supported fieldwork, including channel sampling and ground truthing of anomalies
is underway. The drill team has also begun its work and is supported by a second
helicopter. The plan is flexible allowing us to stay in areas that produce core
of interest to the geologists on site. COO Neil Richardson is leading the crew.
We are planning to ship core samples weekly out of Maniitsoq. It will be an
exciting summer for all of us."


The drilling will be done with a helicopter-portable drill contracted from
Westcore Drilling Ltd. A borehole pulse EM (BHEM) system, supplied and operated
by Crone Geophysics & Exploration Ltd., is on site. It is anticipated that most
holes will be surveyed with the BHEM system, which greatly increases the search
radius of the holes, allowing geologists to target follow-up holes more
precisely. The system can also be used for surface surveying in the event that
an EM anomaly requires more detailing prior to drilling.


Throughout the summer field crews will continue to map, prospect, sample and
evaluate VTEM anomalies on surface. Approximately 660 line-km of VTEM helicopter
time domain EM surveying is planned for later in the season. The survey will be
flown by Geotech Ltd. and will cover several areas of interest outside the main
norite belt.


Details on the 2012 Imiak and Spotty Hill intersections can be found in NAN's
press release dated January 15, 2013. An outline of some of the priority targets
for this year's drill campaign is given in NAN's press release dated March 20,
2013. 


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 President, North American
Nickel Inc."


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 Copper Project, which is subject to a 70-30 JV with HudBay Minerals and,
subject to receipt of required permits, is scheduled for production in Q4-2013,
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 the Black Creek property in
the Sudbury mining camp. 


VMS Ventures owns approximately 27.5% of North American Nickel Inc. (TSX
VENTURE:NAN). For more information on North American Nickel Inc., please visit
www.northamericannickel.com.


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 the costs, plans and schedule to develop the Reed Copper
Project, 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.

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
VMS Ventures Inc.
Evan Sleeman
Director
(604) 986-2020 or Toll Free: 1-866-816-0118
www.vmsventures.com

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