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VMS Ventures Inc.
301-260 W. Esplanade

North Vancouver, BC
Canada   V7M 3G

 

 

   
News Release

 

RD-08-51 INTERSECTS 97.21 METRES OF 2.08% COPPER AT DISCOVERY ZONE, SNOW LAKE, MANITOBA

September 4, 2008

 

Vancouver, B.C., September 4, 2008 VMS Ventures Inc. (TSX-V: VMS) (the “Company”) is pleased to report assay results from drill holes RD-08-51 and RD-08-52 at its Reed Lake Discovery Zone near Snow Lake, Manitoba.

 

Drillhole RD-08-51 intersected two zones of mineralization: from 223.25 to 320.46 metres and 367.81 to 370.16 metres. The upper zone contains 97.21 metres of 2.08% Cu and the lower zone contains 5.14 metres of 1.14% Cu. Hole RD-08-51 is on the same cross-section as holes RD-08-59, RD-08-70 and RD-08-71, whereas hole RD-08-52 is on the same section as holes RD-08-11, RD-08-53 and RD-08-55.

 

Highlights:

 

·         RD-08-51:          97.21 m (318.93 ft) of 2.08% Cu, 0.07% Zn

 

     Including:         10.77 m (35.33 ft) of 6.86% Cu, 0.23% Zn

           

·        RD-08-52:          5.14 m (16.86 ft) of 1.14% Cu, 0.02% Zn

 

TABLE I

ASSAYS FOR DRILLHOLES

RD-08-51 and RD-08-52

 

DRILL

HOLE

FROM

(m)

TO

(m)

INT*

(m)

Cu

%

Zn

%

Ag

g/t

Au

g/t

RD-08-51

223.25

320.46

97.21

2.08

0.07

Pending

Pending

Inc

223.25

234.02

10.77

6.86

0.23

Pending

Pending

Inc

240.05

286.31

47.14

2.28

0.06

Pending

Pending

And

367.81

370.16

2.35

2.53

0.05

Pending

Pending

RD-08-52

120.67

125.58

5.14

1.14

0.02

Pending

Pending

    * True Thickness unknown 

 

Dr. George Gale, VP Exploration states, “The intersection in RD-08-51 consists predominantly of sulphide veinlets similar to the mineralization in RD-08-38. To achieve a grade in excess of 2% copper over such a long interval is very encouraging and suggests that we may have the beginnings of a second zone of mineralization as it appears to be different than the pyrite-magnetite zone.”

 

New Property Acquisition

VMS Ventures Inc. has entered into an Option Agreement with Mr. William Kuran and Mr. Warren Heidman to acquire a 100% interest in the Mort Claims which are located 27 km west of the mining community of Snow Lake and 21 km north of the Company’s Reed Lake Property. The Mort Claims comprise a contiguous block of 12 claims covering an area of 23.18 sq km and are considered prospective for copper-zinc deposits.

In order to earn a 100% interest in the claims, VMS Ventures Inc. will issue 75,000 common shares of the Company to each of the two property vendors of the property upon receipt of the acceptance of the TSX Venture Exchange. Also, a onetime payment of $25,000 will be made. The property is subject to a Net Smelter Royalty (“NSR”) of 2%, one half of which may be purchased by VMS Ventures Inc. for $500,000.

VMS Ventures Inc. employs a rigorous quality assurance and quality control program that includes secure storage and shipping of assay samples combined with standards, blanks, duplicates and replicate assays. All the samples reported in this release were prepared and assayed at Activation Laboratories Ltd. in Ancaster, Ontario.

 

All technical information in this release has been reviewed by Dr. George Gale, P.Geo, Vice President, 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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