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VMS VENTURES INC. TO COMMENCE LARGE VTEM AIRBORNE SURVEY
OVER SNOW LAKE VMS BELT PROPERTIES, AND NICKEL PROPERTIES IN MANITOBA
3 January, 2008
Vancouver, B.C. January 3, 2008. 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 fly a large survey over several of its
exploration properties in Manitoba. The survey will focus on copper-zinc
prospective properties in the Snow Lake area as well as various nickel sulphide
prospective properties elsewhere in Manitoba. This will be a relatively large
program. The total flight lines planned exceed 18,500 line kilometers. The
program budget is more than $2 million dollars and flying is expected to begin
in the next week.
The copper-zinc-gold-silver discovery at the Company’s Reed Lake property
announced in October, 2007 was made while drill testing anomalies generated from
VTEM geophysical data. The geophysical Magnetic and EM data collected by this
new survey, once interpreted, will provide anomalies which allow geologists to
focus their exploration efforts on specific sites within large properties with
the goal of generating prospective drill targets.
The VTEM (Versatile Time-Domain Electromagnetic) survey is the leading airborne
geophysical system in use today. This 2008 survey will cover a large portion of
the Company’s land holdings in the Snow Lake area which was not covered in the
initial spring 2007 survey. The areas VMS have chosen to fly have evidence of
sulphide mineralization from surface exposures, drill intercepts or other key
geological features such as alteration minerals, associated with these types of
deposits.
The VTEM survey has documented capabilities to detect highly conductive rock
bodies such as massive sulphide deposits to greater depths than the previous
generation of airborne systems. This is particularly useful for the discovery of
buried or hidden massive sulphide deposits in the Snow Lake Mining Camp. This
technology enables a more effective means to explore the southern portion of the
VMS Snow Lake Belt land holdings, where Paleozoic aged limestone sediments cover
the prospective greenstone rocks.
All technical information in this release has been reviewed by Dr. George Gale,
P.Eng, the Qualified Person, Vice President of Exploration and director of VMS
Ventures Inc.
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.
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:
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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.
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