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VMS EXPANDS COPPER-RICH MINERALIZATION WITH
AN ADDITIONAL NINE DRILL HOLES AT ITS REED LAKE DISCOVERY ZONE AT SNOW LAKE,
MANITOBA
August 14,
2008
Vancouver, B.C., August 14,
2008 VMS Ventures Inc. (TSX-V: VMS) (the “Company”) continues to expand its
copper-rich Discovery Zone at Snow Lake. The mineralization has been identified
in a total of 39 drill holes and has been intersected in the last 16 consecutive
drill holes. The geometry and total strike length of the mineralized zone are
currently unknown, however significant continuity is demonstrated by drill
results.
Diamond
Drill Highlights Include:
RD-08-61:
119.37m ( 391.62ft ) of Near Solid Sulphide (NSS) and Sulphide Veinlets
RD-08-65: 108.27m ( 355.21ft ) of NSS and Sulphide
Veinlets
RD-08-58: 25.81m ( 84.68ft ) of NSS
RD-08-59: 25.35m ( 83.17ft ) of NSS and Sulphide Veinlets
MINERALIZED INTERVALS
DRILL HOLES RD-08-57 to
RD-08-65
(Assays Pending)
|
DRILL HOLE |
FROM
(m) |
TO
(m) |
INT*
(m) |
MINERALIZATION
DESCRIPTION |
|
RD-08-57 |
116.33 |
118.37 |
2.04 |
Near Solid Sulphide |
|
RD-08-58 |
251.36 |
277.0 |
25.64 |
Near Solid Sulphide |
|
RD-08-59 |
199.83 |
225.18 |
25.35 |
Near Solid
Sulphide- Sulphide Veinlets |
|
RD-08-60 |
326.22 |
326.46 |
0.24 |
Near Solid Sulphide |
|
And |
331.88 |
332.56 |
0.68 |
Near Solid Sulphide |
|
RD-08-61 |
139.00 |
142.34 |
3.34 |
Near Solid Sulphide |
|
And |
143.14 |
144.89 |
1.75 |
Near Solid Sulphide |
|
And |
215.68 |
335.05 |
119.37 |
Near Solid
Sulphide- Sulphide Veinlets |
|
Inc |
254.57 |
270.70 |
16.13 |
Near Solid Sulphide |
|
RD-08-62 |
120.02 |
122.31 |
2.29 |
Near Solid Sulphide |
|
RD-08-63 |
119.13 |
122.46 |
3.33 |
Near Solid Sulphide |
|
RD-08-64 |
115.39 |
125.11 |
9.72 |
Near Solid Sulphide |
|
And |
127.16 |
130.86 |
3.70 |
Near Solid Sulphide |
|
RD-08-65 |
143.55 |
251.82 |
108.27 |
Near Solid
Sulphide- Sulphide Veinlets |
|
Inc |
143.55 |
152.25 |
8.70 |
Near Solid Sulphide |
·
True thickness of mineralized interval is unknown
The current
drill plan will develop a cross section of the mineralized zone by fanning two
or three drill holes oriented perpendicular to the apparent strike of the zone
from each collar location. The cross sections constructed to date indicate
good vertical and lateral continuity and suggest the mineralization is open to
depth. The dip appears to be sub-vertical with a northerly bias. The strike has
an apparent azimuth of 260 degrees, slightly south of due west.
Concurrent
with the drilling, borehole geophysical surveys are underway to identify
anomalies that represent extensions of mineralization.
Analytical
data from soil geochemical surveys undertaken in the Discovery Zone-Tower Zone
areas have recently been received and interpretation is ongoing.
All technical
information in this release has been reviewed by Lawrence Norquay M.Sc., P.Geo,
Senior Project Geologist, 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 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:
|
Keith Patey,
Director of Communications
Telephone: (604) 986-2020
Toll Free: 1-866-816-0118 |
Dale Paruk
Coal Harbor Communications
Telephone: (604) 662-4505
Toll Free: 1-877-345-3399 |
The TSX Venture exchange does not accept responsibility for the
adequacy or
accuracy of this release.
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