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10.50 METRES of 11.19% COPPER WITHIN 43.05 METRES OF 4.38%
COPPER IN DRILL HOLE 2, AT VMS VENTURES REED LAKE PROPERTY, SNOW LAKE, MANITOBA
October 4, 2007
Vancouver, B.C. October 4, 2007. VMS Ventures Inc.
(TSX.V: VMS) (the "Company") is pleased to announce assay results (weighted
average) from drill hole RD 07-02 on its new discovery on its Reed Lake project,
near Snow Lake, Manitoba.
HIGHLIGHTS
HIGH-GRADE COPPER-RICH INTERVALS:
• 2.50 METRES (8.2 FEET) OF 15.30% COPPER within
• 10.50 METRES (34.4 FEET) OF 11.19% COPPER within
• 22.25 METRES (72.9 FEET) OF 7.75% COPPER within
• 43.05 METRES (141.2 FEET) OF 4.38% COPPER
Vice-President of Exploration, Dr. George Gale, states “Obviously we are
encouraged by the copper grades in this drill hole, but I think it is also
important to note we have results for gold, silver and zinc that are consistent
with the historic and producing VMS mines in the Flin Flon - Snow Lake Belt.”
|
Drill Hole |
Zone |
From
(metres) |
To
(metres) |
Interval
(metres) |
Cu
% |
Zn
% |
Au
g/t |
Ag
g/t |
|
RD 07-02 |
|
197.75 |
240.8 |
43.05* |
4.38 |
1.56 |
0.85 |
13.09 |
|
including |
Cu/Au/Ag |
207.25 |
229.50 |
22.25* |
7.75 |
0.83 |
1.40 |
22.79 |
|
including |
Cu/Au/Ag |
219.00 |
229.50 |
10.50* |
11.19 |
1.39 |
1.62 |
29.26 |
|
including |
Cu/Au/Ag |
222.50 |
225.00 |
2.50* |
15.30 |
1.26 |
1.97 |
37.99 |
|
including |
Zn |
229.50 |
240.80 |
11.30* |
0.51 |
4.25 |
0.26 |
2.69 |
|
and |
|
247.25 |
251.60 |
4.35* |
0.93 |
1.54 |
0.05 |
3.81 |
* True width will not be determinable until further drill holes are completed.
(For the purposes of converting the interval lengths to imperial measurements
note that one-metre is equal to 3.28 feet. The mineralized zone of 43.05 metres
is equal to 141.24 feet in length.)
RD 07-02 was drilled to a total depth of 270 metres. This mineral discovery is
within an 800 metre long southwest-trending VTEM anomaly. The VTEM anomaly is on
the Company’s Mineral Exploration License (MEL) #268A and the Company’s optioned
HudBay Minerals property (TSX: HBM). The location and extent of the geophysical
VTEM conductor, as well as the property locations, can be viewed on the
Company’s website at
http://www.vmsventures.com/image018.asp.
Pictures of drill core can also be viewed on the
Company’s website at
http://www.vmsventures.com/RLP_Sept2007.asp
VMS Ventures is planning for the arrival of a drill rig this month to commence a
second phase of drilling on its discovery zone and other weather accessible
targets on the property. Drill permitting for a larger winter program to
investigate targets inaccessible prior to freeze-up will follow.
The Company is analyzing VTEM results to develop similar drill targets at its
Copper and Sails Lake VMS properties. In addition, geological mapping and
sampling continue on its Puella Bay copper-zinc property. The company plans to
utilize the VTEM technology to fly all its southern VMS and Nickel properties
before the end of 2007.
The Reed Lake volcanogenic massive sulphide (VMS) mineralized zone is overlain
by distinctive layers of magnetite and chert. The rocks that underlie and
contain the sulphide are moderately to intensely altered felsic volcanic rocks.
The Reed Lake mineralization is typical of other VMS deposits including those in
the prolific Snow Lake camp and the nearby Spruce Point mine, formerly operated
by HudBay Minerals.
All technical information in this release has been reviewed by Dr. George Gale,
P.Eng, the Qualified Person, Vice President of Exploration and director of VMS
Ventures Inc. All samples have been prepared and analyzed at TSL Laboratories in
Saskatoon, Saskatchewan using ICP-MS, and Fire Assay analytical methods.
VMS Ventures Inc. is focused primarily on acquiring, exploring and developing
copper-zinc properties in the Flin Flon-Snow Lake VMS Belt. The Company also
holds the largest land package considered prospective for nickel-copper
mineralization at Lynn Lake, which is to date Canada’s third largest nickel
producing camp. The Company’s project portfolio consists of the Snow Lake VMS
project, the Lynn Lake Gabbros nickel-copper project, the Nickel Belt project,
the South Bay nickel-copper-cobalt PGE property, and the Eden Lake Carbonatite
Complex, Specialty Metals property. All VMS Ventures Inc. properties are located
in the mining friendly province of Manitoba, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal B.Sc.
President & Director
For further information
contact:
Keith Patey, Director of
Communications
Telephone: (604) 986-2020
Toll Free: 1-866-816-0118
Coal Harbor Communications
Steve Kubota
Telephone: (604) 662-3237
Toll Free:
1-866-405-3955
The TSX Venture exchange does not accept responsibility for the
adequacy or
accuracy of this release. |
