|
VMS VENTURES REPORTS DRILL TARGETS
IDENTIFIED ON ITS 100% OWNED TOWER ZONE PROPERTY
September 18, 2009
Vancouver, B.C., September 18,
2009. VMS Ventures Inc. (TSX-V: VMS) (the “Company”) is pleased to announce
that
following detailed analysis of geophysical and geochemical data, drill target
areas have been identified on the Company’s 100% Tower Zone claim (MB5188),
located approximately 1,000 metres east of the Reed Lake Discovery Zone, near
Snow Lake, Manitoba.
Koop
Geotechnical Services Inc. has been summarizing and collating various data sets
over the past six weeks and has presented the Company with a preliminary drill
target report. The two major areas featured are Tower Zone North and Tower Zone
South presented as: Tower Zone Drill Target Areas

CLICK IMAGE TO ENLARGE
Tower Zone
North
is an area of approximately 700 x 150 metres with clusters of electromagnetic
anomalies and coincident magnetic trends. Drilling completed to date by the
Company intersected up to 30% sulphides locally, but failed to explain the
strong-late channel electromagnetic anomalies seen in the VTEM or DPEM surveys.
The geometry of deposits in the Reed Lake area is generally “pipe-shaped”
therefore making them difficult to model with geophysics. The top of this DPEM
anomaly is modelled to be 100 metres below surface and it has a down plunge
extent of 500 metres.
Tower Zone
South
is an area of approximately 500 x 200 metres with similar clusters of
electromagnetic anomalies as the Tower Zone North Area. Drillhole TZ-08-07
intersected 34 metres of rhyolite with disseminated pyrrhotite, chalcopyrite and
magnetite mineralization. Chlorite alteration elsewhere in the drillhole and
layered sulphides in an adjacent drillhole (TZ-08-04) suggests it is proximal to
a volcanogenic massive sulphide deposit. The geophysical data suggests
“pipe-shape” deposits similar to our Reed Lake Discovery. The disseminated
mineralization encountered represents the very upper portion of the modeled
geophysical plate and will be followed up with a number of diamond drillholes.
The top of the target is estimated at 170 metres below surface and has a down
plunge extent of 400 metres.
VP Exploration,
George Gale, states: “We are very encouraged by this initial report. It appears
to confirm that we were near the top or edge of several anomalies in our earlier
drilling and this program should allow us to determine the true potential of
these now, very well defined targets. These are substantial target areas. The
Discovery Zone’s drilling to date covers a strike length of only 200 meters.
Further, the report’s suggestion that the shape of at least two of these
anomalies is like a cone or rod appears to be similar to the shape of the Reed
Lake Discovery and fits our hypothesis that this could be a VMS Camp”.
The
Highway-Tower Zone anomaly is now known to extend to the eastern limits of the
area surveyed and the target horizon remains open in the east and north east
direction. Additional geophysical surveys are planned to commence following
freeze-up, most likely in late October or November depending on weather
conditions in the area. The Company is still awaiting results from the MMI soil
sampling program undertaken this summer
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 of Exploration, 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:
|
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.
|