The Reed Lake Discovery: Manitoba’s next Copper Mine

2.6MT at 4.52% copper in the indicated category.

VMS Ventures Inc. is a well financed, publicly traded mineral exploration company listed on the TSX Venture Exchange (TSX.V) under the symbol VMS. The Company has an extensive land position in the world class, highly prospective Flin Flon – Snow Lake VMS belt in mining friendly Manitoba, Canada.

In October, 2007 VMS announced its Reed Copper Deposit discovery, followed by a joint venture signed with HudBay Minerals Inc. (TSX : HBM, NYSE : HBM) in July 2010.  This agreement will allow HBM to earn 70% in the project while VMS retains a 30% carried interest and is funded to production.  Four additional option agreements were signed surrounding the Reed Copper deposit and are the focus of on-going exploration.

In January 2012, the Manitoba Government approved the  Reed Copper Advanced Exploration Permit (“AEP”), which allows the extraction of a 10,000 tonne bulk sample by Q2 - Q3 2013.

To view the 43-101 report on the Reed Copper deposit, please click here.
To view the Preliminary Economic Assessment of the Reed Copper deposit, please click here

VMS owns ~45% of North American Nickel Inc. (NAN:TSX.V). For more information, please visit www.northamericannickel.com