VMS Vortex Metals Inc

VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is pleased
to update shareholders on the progress made at the Reed Copper Project, near
Flin Flon Manitoba. VMS Ventures owns 30% of the project and is carried to
production. Hudbay Minerals Inc. (TSX:HBM) (NYSE:HBM) ("Hudbay") owns 70% and is
the Operator. 


VMS Ventures announced today that joint venture partner and operator Hudbay has
received the Environment Act Licence for the Reed Copper Project from the
Manitoba government and has commenced initial production. The licence permits
the operation of the Reed mine, a 1,300 tonnes/day underground copper mine, and
its supporting infrastructure. 


Hudbay has informed VMS that a bulk sample of approximately 7,000 tonnes of ore
was mined under the Advanced Exploration Project permit and a metallurgical
batch test of 4,500 tonnes of ore was milled in late September at Hudbay's Flin
Flon concentrator. The 7,000 tonnes of ore, from the upper Zone 30, was mainly
mined on 65 m Level with only 1 round (approximately 300 to 400 tonnes) taken on
the 45 m Level.  


Full production remains on the planned schedule to commence in first half of
2014 and the project remains within the estimated budget parameters. 


Neil Richardson, VMS Ventures' COO states: "The receipt of the Environment Act
Licence and the successful extraction of the bulk sample are both significant
milestones for the project. The Licence confirms the care and diligence taken by
our JV partner and operator Hudbay in moving the project forward within mandated
environmental guidelines while the extraction of the bulk sample project is the
first step towards full production at Reed". 


Please visit the VMS website at
http://www.vmsventures.com/investors/photo-gallery to view a slide show of
progress on the Reed Copper Project. 


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 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 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