Ruttan South

The Ruttan South Project occurs 23 km southeast of the Town of Leaf Rapids where, until recently, active mining and milling of base and precious metals at the 70 million ton Ruttan zinc-copper deposit had been ongoing. The property is 12 km south of the Ruttan deposit and consists of 15 claims with a total area of 3,637 hectares. The property is 100% owned by VMS Ventures. The proximity to the Ruttan Zn-Cu-Pb deposit and similar stratigraphic settings between the 70 million ton Ruttan deposit (2.86% Zn and 0.76% Cu) and that in the project area make this a compelling exploration target.

The Ruttan South Property hosts four sulphide occurrences that consist of minor pyrite, pyrrhotite, sphalerite and chalcopyrite over a 10 km strike length. The occurrences have strong geophysical signatures. The mineralization is underlain by rhyolite and overlain by intermediate to mafic volcanic sandstones and fragmental equivalents. The sulphide mineralization is associated with sulphide and oxide facies iron formations and together with the mineralized zones comprise an exhalative system similar in many respects to the Ruttan deposit.

An airborne geophysical survey was flown over the property in early 2008 using GEOTECH’s VTEM system and a number of well-defined conductors with coincident magnetic signatures were identified. Follow-up Mobile Metal Ions soil geochemical surveys were undertaken over the conductive and magnetic targets and anomalies in base metals were identified. These anomalies coincided with the significant mineralized zones that had been previously drilled.

No further work is planned for the property.