VMS Reports Reed Mine Update
June 24 2014 - 9:20AM
Marketwired
VMS Reports Reed Mine Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 24, 2014) - VMS
Ventures Inc. (TSX-VENTURE:VMS) ("VMS Ventures" or the "Company")
is pleased to update shareholders on the progress made at the Reed
mine, near Flin Flon Manitoba. VMS Ventures Inc. owns 30% of the
Reed mine and Hudbay Minerals Inc. (TSX:HBM)(NYSE:HBM) ("Hudbay")
owns 70% and is the Operator.
REED MINE
The Reed mine continues with no lost time accidents and the
focus is on ramp development down to 185 metre level.
Highlights for May 2014
- 809 days with no lost time accidents
- Development advanced 233 metres in May, 1432 metres year to
date at an average of 9.5 metres per day
- Production of 40,621 tonnes, total of 147,864 tonnes year to
date
- Mined from Zone 30; stopes on 85 metre level and 135 metre
level and development ore from both Zone 20 and 30 on 135 metre
level
Neil Richardson, VMS Ventures Inc. COO states: "We are very
pleased to see the Reed mine continue along with no lost time
accidents and on track to meet production targets."
The focus for June will remain on safety and continued ramp
development to the 185 metre level and ore production from Zone 30
stopes.
Please visit the VMS Ventures Inc. website at
http://www.vmsventures.com/investors/photo-gallery to view a slide
show of the latest progress on the Reed Mine.
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 Inc. owns approximately 22% 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 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.
VMS Ventures Inc.Evan SleemanDirector(604) 986-2020 or Toll
Free: 1-866-816-0118
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