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VMS VENTURES INC. COMMENCES VTEM AIRBORNE SURVEY OVER
COPPER-ZINC PROPERTIES, SNOW LAKE VMS BELT, MANITOBA
March 16, 2007
Vancouver, B.C. March 20, 2007. VMS Ventures Inc. (TSX.V: VMS)
(the "Company") is pleased to announce that the VTEM (Versatile Time-Domain
Electromagnetic) geophysical survey announced January 24th 2007 has commenced.
Geotech Ltd. of Aurora Ontario, the survey provider, has informed the Company
that approximately 42% or 734 line kilometers of a total of 1757 line kilometers
of survey data has been collected since beginning the program on March 16, 2007.
The survey is proceeding well, but is weather dependent.
The VTEM (Versatile Time-Domain Electromagnetic) survey is the leading airborne
geophysical system in use today and is particularly suited to the identification
of copper-zinc massive sulphide deposits, which the Flin Flon – Snow Lake VMS
(volcanogenic massive sulphide) belt is prolific in hosting. The VTEM survey
provides high definition, deep penetrating magnetic and electro-magnetic
measurements of the underlying rock which are able to detect buried massive
sulphide mineral deposits. VTEM identifies anomalies deeper and with greater
resolution than the previous generation of airborne surveys. This technology
will also enable a more effective means to explore the southern portion of the
Company’s Snow Lake property package where Paleozoic aged limestone sediments
cover the prospective greenstone belts.
Survey Interpretation
The Company has contracted Mr. Bob Lo, M.Sc., P.Eng., geophysical consultant to
oversee the Snow Lake survey and its results. VMS Ventures Inc President John
Roozendaal states, “The work performed by Bob Lo will include monitoring and
quality control of data acquisition of the VTEM survey, preliminary
interpretation of VTEM data in the form of anomaly priorities, and
interpretation of the final deliverables by defining high priority geophysical
targets based on sound geophysical and geological knowledge.” Mr. Lo has
interpreted more than 70,000 line kilometers of airborne electromagnetic method
data over the past 3 years and has held senior positions with INCO Ltd.-
Exploration Department, MPH Consulting and Aerodat Inc.
Snow Lake VMS Property Package
Over the past 2 years, the Company has acquired 12 distinct, strategic land
packages in the Snow Lake-Flin Flon VMS belt. Each has been selected based on
the existence of either known VMS style mineralization in drill core or at
surface, the identification of VMS associated alteration in host rocks, and/or
the presence of stratigraphy that hosts a VMS deposit on neighboring claims.
The areas being flown in the first phase include the Company’s Sails Lake
claims, Reed Lake claims and the Copper property. These are the most advanced
exploration targets with historical and Company data that includes ground
geochemistry and geophysical and geological information. Vice President of
Exploration, Dr. George Gale states “The properties we plan to fly in this first
phase have had up to 2 years of company exploration to compliment the data we
have accumulated from historical programs. What we are exited about is that the
VTEM information is delivered in real time and can be interpreted within days,
allowing us to prioritize drill targets quickly and test them this spring.”
Targets consisting of both geochemical metal anomalies and strong geophysical
signatures will be tested first.
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 package of land considered prospective for nickel-copper
mineralization at Lynn Lake, which, historically, is 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 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.
All technical information in this release has been reviewed by Dr. George Gale,
P.Eng, Vice President of Exploration, VMS Ventures Inc.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal
President
The TSX Venture exchange does not accept responsibility for the adequacy or
accuracy of this release.
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