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VMS ANNOUNCES SILVER AND GOLD RESULTS FROM
ITS REED LAKE DISCOVERY NEAR SNOW LAKE, MANITOBA
February
25,
2009
Vancouver, B.C., February 25,
2009. VMS Ventures Inc. (TSX-V: VMS) (the “Company”) is pleased to announce
silver and gold assay results for core samples from drill holes RD-08-25 and
RD-08-36 to RD-08-61. These precious metal results had not been received when
the copper and zinc values were published. Significant gold and silver assays
are summarized in the table below. Today’s precious metal assays are presented
on the Company’s website at
http://www.vmsventures.com/discovery_zone_nr.asp#charts2.
The highest silver and gold
assays reported today are from drillhole RD-08-57, which intersected the A lense
mineralization. The A lense is interpreted to be debris flow material derived
from a yet to be identified sulphide mound. Assay values for the B lense
mineralization are similar to those intersected in holes RD-08-40 and RD-08-55.
They are generally lower in both silver and gold, with sporadic higher values of
greater than 5 g/t Ag and greater than 1g/t Au.
GOLD AND SILVER ASSAYS FOR
HOLES RD-08-40, RD-08-57 and RD-08-55*
|
HOLE
ID |
FROM (m) |
TO
(m) |
LENGTH
(m) |
Ag
(g/t) |
Au
(g/t) |
|
RD-08-57 |
116.33 |
118.37 |
2.04 |
18.10 |
1.22 |
|
RD-08-40 |
286.11 |
286.81 |
0.70 |
0.09 |
1.46 |
|
RD-08-55 |
147.41 |
209.37 |
61.96 |
7.90 |
0.29 |
|
inc |
148.94 |
169.77 |
20.83 |
11.40 |
0.54 |
|
inc |
161.34 |
168.49 |
7.15 |
18.00 |
0.70 |
*True Thickness Unknown
George Gale, VP Exploration
states “The silver and gold values are consistent with our understanding of the
deposit. The A lense tends to have much higher Ag and Au than the B lense. This
observation provides additional evidence for our interpretation of the A lense
as originating from a sulphide mound, or the core of the mineralizing system,
which has not yet been discovered. The B lense occurs as high-grade copper
mobilizate derived from the same source as the A lense. This mobilizate at the
Discovery Zone is interpreted to have been produced by elevated temperature and
pressure associated with a nearby mafic intrusion.”
Historically, the average gold
and silver grades of deposits in the Flin Flon – Snow Lake belt approximate 2
g/t Au and 30 g/t Ag. At the Discovery Zone, the lower silver and gold grades,
the high-grade copper mobilizate and textures observed in drill core indicate
the mineralization has been displaced from its original depositional site. The
more typical gold and silver grades for the belt and additional copper and zinc
are likely to be found at the origin of the mineralization.
All technical information in
this release has been reviewed by Dr. George Gale, P.Eng, who is the Qualified
Person for the Company and Vice President, VMS Ventures Inc.
VMS Ventures Inc. currently has
a profile on Corebox.net which is updated as soon as assay results are released.
The link to visit our Corebox profile is:
http://www.corebox.net/properties/reed_lake/
Investors are invited to
visit the VMS Ventures IR Hub at http://www.agoracom.com/IR/VMSVentures
where they can post questions and receive answers or review questions and
answers already posted by other investors. Alternatively, investors are able to
e-mail all questions and correspondence to
VMS@agoracom.com where they can also request to be added to the investor
e-mail list to receive all future press releases and updates in real time.
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 |
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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