HOLE RD 07-12 ASSAYS 31.74m OF 2.09% CU AND 3.56% ZN; HOLE
RD 08-22 INTERSECTS 25.75m NSS AT DISCOVERY ZONE
6 Februaury, 2008
Vancouver, B.C., February 6,
2008. VMS Ventures, Inc. (TSX.V: VMS) (the Company) is pleased to report assay
results and an update of its ongoing drill program at the Reed Project Discovery
Zone near Snow Lake, Manitoba.
Highlights:
Hole RD 07-12:
31.74m (104.13 ft) with 2.09% Cu and 3.56% Zn
-
Including 17.22m (56.5 ft) with 1.27% Cu and 4.41% Zn
-Including 4.98m (16.34 ft) with 5.41% Cu
and 3.46% Zn
Hole RD 08-22:
25.75m (84.48 ft) of Near Solid Sulphide, Assays pending
Vice President of Exploration,
Dr. George Gale states: “Hole RD 07-12 provides more certainty that we are
building a deposit typical for this belt. The Cu and Zn intersections and grades
not only continue to be of economic significance, but the copper and zinc is
often appearing as metal-rich zones within the sulphide lense. This type of
metal zonation is common to well developed VMS deposits. In addition, blocks of
sulphide and magnetite within the NSS intersections suggest that parts of the
sulphide lense may have been formed by a debris flow. Hole RD 08-22 provides us
another substantial intersection of Near Solid Sulphide (NSS), and this 25.75m
intersection plots approximately 40 metres below the NSS reported in RD 08-20 on
January 29, 2008. We are using NSS to indicate that the intersections contain
greater than 75% sulphide minerals.”
DRILL
HOLE |
FROM
(m) |
TO
(m |
Interval
(m) |
Cu
(%) |
Zn
(%) |
Ag
g/t |
Au
g/t |
RD07-12 |
173.20 |
203.93 |
31.74* |
2.09 |
3.56 |
18.52 |
1.38 |
Inc |
176.32 |
193.54 |
17.22 |
1.27 |
4.41 |
9.84 |
0.89 |
Inc |
198.12 |
203.10 |
4.98 |
5.41 |
3.48 |
56.02 |
3.70 |
*
True thickness is unknown.
Samples for drill holes RD
08-14, RD 08-16, and RD 08-20 have been submitted for assay.
Drill hole RD 08-21 was not
submitted for assay. Hole RD 08-23 is being drilled and holes RD 08-24 and RD
08-26 are completed and core is being logged.
Hole locations are as follows:
HOLE ID |
NORTH |
EAST |
LENGTH |
DIP |
AZ |
RD-08-21 |
6048775 |
393978 |
TBA |
-45 |
040 |
RD-08-22 |
6048817 |
393940 |
163.67 |
-60 |
045 |
All technical information in
this release has been reviewed by the Qualified Person, Dr. George Gale, P.Eng.
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 |
Dale Paruk
Coal Harbor Communications
Telephone: (604) 662-4505
Toll Free: 1-877-345-3399 |
The TSX Venture exchange does not accept responsibility for the
adequacy or
accuracy of this release.
|