|
DRILLING AT REED LAKE DISCOVERY ZONE TO COMMENCE MONDAY
November 1, 2007
Vancouver, B.C. November 1, 2007.
VMS Ventures Inc. (TSX.V: VMS) (the "Company") has been informed by the
contractor that drilling is expected to commence at its Reed Lake project near
Snow Lake, Manitoba, on or before Monday, November 5, 2007.
The Company is permitted to drill up to 14 holes and expects to drill up to
4,000 meters. Initial drilling will be focused on and around RD 07 02, which
intersected 43.05 meters of 4.38% copper reported previously (October 4, 2007).
A pattern of holes on 25 meter spacings will be positioned at the discovery
zone.
President John Roozendaal states “The geological information we acquire from
this drill program will be used to determine the strike, dip and plunge of the
mineralized body. This, then, will assist us in designing our next drill program
around the deposit to follow the extent of mineralization to depth and along
strike.”
Freeze-up in Manitoba allows much greater access to many more drill targets
covered by bogs and water. The Company is planning an aggressive winter
exploration program at Reed Lake and is presently seeking permits for up to 40
drill holes consisting of up to 15,000 meters of drilling beginning, weather
permitting, in January 2008.
A large VTEM airborne geophysical survey is planned to commence on all of VMS
Ventures’ southern Snow Lake properties before the end of the year. Over 9,000
line km of flight lines will cover 13 separate property areas held by the
Company, and will include a second fly over the Discovery Zone at an angle
perpendicular to the first fly completed in early 2007.
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
Rick Mark
CEO & Chairman
For further information contact:
|
Keith Patey,
Director of Communications
Telephone: (604) 986-2020
Toll Free: 1-866-816-0118 |
Steve Kubota
Coal Harbor Communications
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.
|
