Maniitsoq Drilling/Field Services Contracts Awarded
April 03 2014 - 1:59PM
Marketwired
Maniitsoq Drilling/Field Services Contracts Awarded
2014 Drilling Contract Awarded to Cartwright Drilling Inc. and
Logistics/Camp Contract Awarded to Xploration Services Greenland
ApS.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 3, 2014) - 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 Cartwright Drilling Inc.
has been awarded the 2014 drilling contract and Xploration Services
Greenland ApS has been awarded the logistics/camp contract for
NAN's southwest Greenland Maniitsoq project. Work will begin in
mid-April. VMS Ventures owns approximately 23.9% of NAN.
The release is as follows:
"North American Nickel Inc. is pleased to announce that drill
and camp contracts have been awarded for 2014 exploration at its
100% owned Maniitsoq nickel-copper-cobalt-PGM project in Southwest
Greenland.
Cartwright Drilling Inc. of Goose Bay in Central Labrador,
Newfoundland and Labrador has been awarded the Diamond Drilling
contract and Xploration Services Greenland ApS of Nuuk, Greenland
has been awarded the Logistics/Camp contract. Both companies are
highly experienced in Greenland exploration operations and have
been part of previous exploration campaigns for the company.
DRILLING PROGRAM
For the upcoming drill season North American Nickel is planning
a two drill program at its Maniitsoq project. The first drill is
set to test immediate down plunge extensions of nickel sulphide
mineralization as defined by the 2012/2013 drill campaigns and the
associated Crone three-component borehole electromagnetic (BHEM)
geophysical surveys at the Imiak Hill Conduit Complex (IHCC)
focusing on:
- Imiak Hill, drilling down plunge of drill hole MQ-13-028, (see
figure 1, Nov, 2013) which intersected 24.75 metres of near massive
to massive sulphide grading 3.19% Ni, 1.14% Cu, 0.11% Co,
including;
- 17.91m of 3.80% nickel, 1.42% copper, 0.13% cobalt and 0.01 g/t
PGM
- Imiak North, drilling down plunge of drill hole MQ-13-029, (see
figure 2, Nov, 2013) which intersected 55.75m of disseminated to
near massive and massive sulphide grading: 1.28% nickel, 0.36%
copper, 0.04% cobalt, and 0.03 g/t PGM, including;
- 9.99m of 4.65% nickel, 0.33% copper, 0.13% cobalt and 0.08 g/t
PGM
- Spotty Hill, drilling down plunge of drill hole MQ-12-005, (see
figure 3, Nov, 2013) which intersected 123.94 meters of
disseminated, net-texture, to near massive and massive sulphide
grading: 0.81% nickel, 0.21% copper, 0.03% cobalt & 0.26 g/t
platinum (Pt) + palladium (Pd) + gold (Au), including:
- 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co & 0.52 g/t
Pt+Pd+Au.
Before final decisions on targeting the drills at the IHCC (see
figure 4, Nov, 2013) are made, NAN's exploration team will analyse
the results of the ground geophysics Deep Penetrating
Electromagnetic (DPEM) and Gravity surveys scheduled to begin in
mid-April at the IHCC.
The second drill will focus on priority regional EM exploration
targets commencing at a new target 25 kilometres to the northwest
of the IHCC called Pingo. It is a historical showing that graded
1.09% Ni and 1.00% Cu in a mineralized grab sample within a norite
host rock. NAN geologists will meet in early April to finalize the
list of regional exploration targets to be drill tested this
year.
Drill and support crews will be on the ground on June 7th with
drilling scheduled to start approximately June 10th.
Cartwright Drilling Inc. was established in 1995 and has been
servicing the mining/exploration industry with lightweight, fully
hydraulic custom built drills. Cartwright has drilled in Greenland
continuously since 2004, sometimes with as many as six rigs. Long
term clients are Hudson Resources, Nuna Minerals, Red Rock
Resources and London Mining PLC. Cartwright specializes in
helicopter-portable drill jobs in remote areas. The company has
drilled in numerous provinces throughout Canada, South America and
Africa, and currently owns 25 drill rigs, including 4 geo-technical
drills.
LOGISTICS/CAMP SERVICES
Xploration Services Greenland ApS (hereafter XS), and North
American Nickel Inc. have entered into an administration, liaison
and logistics agreement. XS will assume responsibility for
pre-field season operational and support planning; spring season
operation; mobilization; operation of main camp, including
catering; demobilization and post-field season operational
reporting. This includes all logistics and related issues in
connection with NAN's 2014 Maniitsoq exploration & drilling
program.
XS, will, on behalf of NAN, take care of administration and
assist with reporting requirements, as required. XS will also
undertake consultation with Tax Authorities, the Bureau of Minerals
and Petroleum (BMP) and the four Municipalities of Greenland in
regard to issues related to corporate matters, personnel and
subcontractors.
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 mine, which is
subject to a 70-30 JV with Hudbay Minerals and achieved initial
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 23.9% of North American Nickel
Inc. (TSX-VENTURE:NAN). For more information on North American
Nickel Inc., please visit www.northamericannickel.com.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal, B.Sc., President, VMS Ventures Inc.
Neither the TSX
Venture Exchange nor its Regulation Service Provider (as the term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy of accuracy of this news
release.
To view Figure 1: Vertical longitudinal section through the
Imiak Hill Zone (looking west), please visit the following link:
http://media3.marketwire.com/docs/937723fig1.pdf.
To view Figure 2: Imiak North Drill Plan, please visit the
following link:
http://media3.marketwire.com/docs/937723fig2.pdf.
To view Figure 3: Spotty Hill Drill Plan, please visit the
following link:
http://media3.marketwire.com/docs/937723fig3.pdf.
To view Figure 4: Imiak Hill Conduit Complex (IHCC), please
visit the following link:
http://media3.marketwire.com/docs/937723fig4.pdf.
VMS Ventures Inc.Evan SleemanDirector and Corporate
Secretary(604) 986-2020 or Toll Free:
1-866-816-0118www.vmsventures.com
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