VMS VENTURES TO
BEGIN PHASE ONE DRILLING ON THE TOWER ZONE AT THE REED LAKE PROPERTY, SNOW LAKE
MANITOBA
30 October, 2009
Vancouver, B.C., October 30,
2009. VMS Ventures Inc. (TSX-V: VMS) (the “Company”) will begin drilling Phase
One targets at the Tower Zone on, or about, November 4th, 2009, on
its 100% held Reed 5188 claim, part of the Reed Lake property in the Snow Lake
mining district of Manitoba. Phase One targets are proximal to, and hosted
within, the same rock package as the Company’s Reed Lake Discovery Zone.
As announced October 15, 2009,
a drill program to test at least five conductive zones, primarily modeled from
DeepEM geophysical surveys, is planned.
Phase One will include a
minimum of 1,500 m of diamond drilling with up to 5,000 m planned. Upon
completion of drilling, each hole will undergo electro-magnetic borehole
surveying to look for adjacent conductive sulphide bodies not identified in the
drill core. A fourth target has been added to Phase One, following exploration
team meetings earlier this week. This target will test the relationship of the
geology and geophysical responses, in particular magnetic responses, as well as
test a conductor identified in the DeepEM geophysical survey which appears to
have coincident geochemical anomalies. Phase One drilling and borehole surveying
is expected to take approximately three weeks.
Phase Two will commence
following freeze-up in areas north and east of the Tower Zone, where wet ground
conditions currently prevent drilling.
Of particular interest in Phase
Two is a zone of conductance identified in reprocessed borehole geophysical
survey data from a drill hole completed prior to the Company’s acquisition of
the claims. The drill hole intersected anomalous zinc and copper values within
altered felsic volcanic rocks near the upper edge of the modeled plate. This is
a common geological setting for copper-zinc-gold-silver deposits in this belt
and the hole appears to have intersected only the upper edge of the anomaly
associated with the mineralized zone.
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.
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