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VMS VENTURES INC. TO FLY VTEM AIRBORNE SURVEY OVER NICKEL PROPERTIES IN THE
LYNN LAKE MINING CAMP, MANITOBA
April 20, 2007
Vancouver,
B.C. April 20, 2007. VMS Ventures Inc. (TSX.V: VMS) (the "Company") is pleased
to announce that it has contracted Geotech Ltd. of Aurora Ontario to use its
high definition, deep penetrating airborne geophysical VTEM technology to survey
the Company’s prospective nickel properties in the Lynn Lake, Manitoba mining
camp. The survey will consist of 760 kilometers of flight lines and cover all of
the Company’s properties in the camp, a combined area of 38.83 square kilometers
(15 sq miles).
VMS Ventures’
claims cover 5 of 7 known Lynn Lake gabbroic plugs in the camp. The A and the El
gabbroic plugs host the past producing Lynn Lake nickel mines and are now being
explored by Independent Nickel Corporation (INI.V) and Western Areas NL (WSA.T)
respectively.
Dr. George
Gale, VP Exploration, states “The VTEM (Versatile Time-Domain Electromagnetic)
survey is the leading airborne geophysical system in use today and the system we
have contracted to use at Lynn Lake is specifically designed for the detection
of highly conductive massive sulphide deposits which typically host nickel
mineralization like those historically mined in the Lynn Lake nickel mines. The
VTEM technology has documented capabilities to detect highly conductive rock
bodies to depths of up to 800 meters (2500 feet). To date, we have surveyed only
a small portion of our entire Lynn Lake claim holdings and this will greatly
accelerate our efforts in identifying prospective new targets for drilling.”
VMS Ventures
acquired its Lynn Lake properties in 2004, well ahead of the current boom in
nickel exploration activity at Lynn Lake, and holds a significant land package
in camp. The Company’s claims comprise 4 separate groupings, Ralph Lake, Frazer
Lake, Carr Lake and Norrie Lake, which cover a total area of 38.83 square
kilometers making it the largest land position over the Lynn Lake gabbro bodies
in the camp. The northern boundary of the Frazer Lake claim group comes within
200m of the claim which covers the “EL” mine which is reported in the Manitoba
Governments Mineral Deposits Series as being 1,732,073 tonnes grading 2.07%
nickel and 0.76% copper.
Lynn Lake Nickel Camp History:
Sherritt Gordon Mines Ltd. mined the Lynn Lake nickel-copper deposits from
1953-1976. The mined deposits were discovered in two mafic-ultramafic intrusive
bodies, known as the "Main" and the "El" gabbroic plugs. The Main and El
gabbroic plugs combined produced 20,151,146 tonnes of ore at an average grade of
1.023% Ni and 0.535% Cu from three mines over a 24 year period.
Lynn Lake is
located in Northern Manitoba, 320 kilometres by road, northwest of INCO’s (CVRD)
(RIO:NSY) nickel smelter at Thompson and has significant infrastructure
including an airport, all weather road access, hydroelectricity and a rail line.
Manitoba was recently rated by the Fraser Institute of Vancouver, Canada as the
best jurisdiction in the world for developing a mine.
About VTEM
The VTEM system employs a large, somewhat tent-shaped array that hangs from the
underside of the helicopter, with a large outer loop at the bottom end. A
current is sent through this outer loop, which energizes the ground, creating a
secondary return EM field that is measured by the smaller, inner receiving loop
and recorded digitally for analysis.
About Geotech
Geotech has conducted airborne electromagnetic geophysical surveys for more than
two decades using their proprietary technology and has a long history of notable
innovations. In January of 2006, the Geotech VTEM system won Mining Magazine’s
exploration-equipment award for 2005. For more information on the Geotech
Airborne VTEM system, please visit their website at
www.geotechairborne.com.
The Company holds the option to earn a 100% interest in the claims subject to an
NSR. All technical information in this release has been reviewed by Dr. George
Gale, P.Eng, Vice President of Exploration VMS Ventures Inc.
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, historically, 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.
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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