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 - Morton Claims Project

 

Location and Property Description
The Morton Claims Project is situated approximately 25 km west of the Town of Snow Lake where active mining and milling of base and precious metals has been ongoing for decades. The project is within 500 m of the past-producing Dickstone copper-zinc deposit. The property comprises 12 claims with a total area of 2,318 hectares and is 100% owned by VMS Ventures. An additional 33 claims were staked in the fall of 2010 for a total of 45 claims for the Morton Lake Project (8,358 hectares).

History of Exploration
A significant amount of exploration has been undertaken in the general area of the property due to its proximity to the past producing Dickstone copper-zinc deposit. Exploration commenced in 1949 and continues. Exploration companies such as Hudson Bay Exploration and Development, Canadian Nickel Company Limited, Noranda and Falconbridge Nickel Mines Limited and Foran Mining have all undertaken a variety of exploration methodologies in the area including airborne and ground electromagnetic and magnetic surveys.

Philosophy of VMS Ventures Exploration
At the Morton Claims property the recognition of chemical and volcaniclastic rocks or “exhalites” deposited at a stratigraphic interval corresponding with a break in volcanism represents an important time-stratigraphic feature. It is at this location that base metal massive sulphide deposits, such as the Dickstone deposit, may be formed. This also includes deposits in the Flin Flon-Snow Lake greenstone belt and in greenstone belts worldwide. VMS Ventures will undertake an integrated geological-geophysical-geochemical exploration program to assess the project area for base metal and associated precious metal mineralization.

Geology
This property covers the southern extension of the host rocks to the past producing Dickstone copper-zinc deposit. The host rocks are rhyolite to dacite flows, flow breccias and volcaniclastic lithologies. These rocks are flanked to the east and west by basalt and basaltic andesite.

Geophysics
VMS Ventures Inc. has conducted airborne geophysical survey sover the property in 2010 and 2011 in an attempt to define high quality conductive anomalies. The modelling of airborne geophysical survey data was completed by Condor Geophysics of Denver, Colorado. A deep-penetrating, ground based Time Domain Electromagnetic geophysical survey was completed by Kopp Geotechnical Inc. during the first quarter of 2011. The 54 line km survey assessed a long portion of favourable stratigraphy that hosted the nearby Dickstone copper-zinc deposit. Follow-up geochemical surveys have been undertaken and diamond drill testing of the more promising electromagnetic anomalies is planned in 2011. These anomalous responses indicate the presence of bedrock-hosted conductive minerals such as copper- and zinc-bearing sulphide with associated gold and silver as well as the iron sulphide minerals pyrite and pyrrhotite. Together these minerals provide targets for follow-up exploration.

Geochemistry
Partial and selective extraction soil geochemical surveys have been utilized in 2010 to document base and precious metal anomalies on the property. This report is completed and submitted to the Manitoba Mines Branch. Multi-element base and precious metal anomalies coincident with VTEM geophysical responses will be the focus of diamond drilling.

Deposit Types
Base metal massive sulphide mineralization hosted within a sequence of volcanic rocks and exhalites are strongly indicative of volcanogenic massive sulphide type base metal mineralization (“VMS”). This deposit type is representative of Flin Flon belt VMS deposits including the Discovery Zone at Reed Lake.

Current Activities on the Property
The results of the airborne survey along with a better understanding of the property geology has lead to the staking of an additional 33 claims to cover the entire package of arc volcanic rocks believed to be associated with the Dickstone Mine located within 500 m of the property's western boundary. And, based on trace element geochemistry, may be related to the same rocks that host the Reed Lake Discovery Zone to the south of the Morton Lake property.

A total of 957 m in three drill holes were completed in 2011. Results indicated hydrothermal alteration, silicification, but failed to detect any significant base metal values. In March, 2012, four additional drill holes were completed on the property for a total of 1185 m to assess EM geophysical anomalies. Three of four EM targets were explained by drilling and included broad zones of disseminated pyrite and pyrrhotite with rare sphalerite and pyrite and pyrrhotite mineralization hosted within shear zones in gabbro and basalt. No significant assay results were obtained.
 
Future Activities Contemplated for the Property

Detailed grids for follow-up MMI soil geochemical surveys were conducted where anomalous MMI geochemistry is coincident with significant geophysical anomalies. Results of these surveys were integrated with geophysical and geological databases. Line-cutting of a grid covering the extension of the Dickstone Mine horizon, as interpreted from airborne geophysical survey data, is completed and was followed by a deep penetrating EM geophysical survey in early 2011. Geotech Ltd. completed a 340 line km of VTEM-plus airborne survey over the recently acquired southern claim blocks in early 2011. Drilling was conducted in 2011 and 2012.

A review of this data is on-going and follow-up work will be planned on priority targets. The final VTEM report on 340 km of new flying has been incorporated into Arc GIS. Follow-up exploration targets will be established and prioritized into the 2013 exploration program. Detailed grid-based MMI soil geochemical surveys have been for the Morton Project based on reconnaissance survey results – final results are pending.

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