RD-08-55 Intersects 61.96 Metres of 5.96% Copper at VMS Discovery Zone Near Snow Lake, Manitoba
Tuesday September 23, 6:30 am ET
biz.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 23, 2008 -- VMS Ventures Inc. (CDNX:VMS.V - News) (the "Company") is pleased to announce assay results from drillholes RD-08-54, RD-08-55, RD-08-56 and RD-08-57 at its Reed Lake Discovery Zone near Snow Lake, Manitoba.
Highlights:
- RD-08-55 Intersects: 61.96 metres (203.28 feet) of 5.96% Copper
Including: 20.83 metres (68.34 feet) of 9.13% Copper
Including: 7.15 metres (23.46 feet) of 16.51% Copper
- RD-08-56 Intersects: 19.87 metres (65.09 feet) of 3.25% Copper
- RD-08-57 Intersects: 2.04 metres (6.69 feet) of 7.73% Copper
TABLE ONE
REED LAKE DRILLHOLES(i)
RD-08-54, RD-08-55, RD-08-56 and RD-08-57
------------------------------------------------------------------------
FROM TO INTERVAL COPPER ZINC SILVER GOLD
HOLE ID (m) (m) (m) (%) (%) (g/t) (g/t)
------------------------------------------------------------------------
RD-08-54 384.79 388.79 4.00 0.40 0.12 Pending Pending
------------------------------------------------------------------------
and 400.81 402.51 1.70 0.17 2.45 Pending Pending
------------------------------------------------------------------------
RD-08-55 147.41 209.37 61.96 5.96 0.12 Pending Pending
------------------------------------------------------------------------
Inc 148.94 169.77 20.83 9.13 0.16 Pending Pending
------------------------------------------------------------------------
Inc 161.34 168.49 7.15 16.51 0.25 Pending Pending
------------------------------------------------------------------------
RD-08-56 252.54 272.41 19.87 3.25 0.56 Pending Pending
------------------------------------------------------------------------
Inc 266.76 272.41 5.65 6.33 0.24 Pending Pending
------------------------------------------------------------------------
and 297.36 303.25 5.89 0.66 0.02 Pending Pending
------------------------------------------------------------------------
RD-08-57 116.33 118.37 2.04 7.73 0.93 Pending Pending
------------------------------------------------------------------------
(i) True Thickness unknown
Vice President of Exploration, Dr. George Gale, states, "We are now seeing that the B lense pinches and swells along strike and down dip, but it continues to provide high-grade sections. The grade and thickness is particularly encouraging as this mineralization appears to be mobilized material from some yet to be identified mineralized body. The exploration team is not only exploring the extents of the Discovery Zone mineralization, but also looking for targets which may represent the source to the mineralization discovered to date."
EXPLORATION UPDATE (outside of the Discovery Zone)
VMS Ventures is now compiling and interpreting the results of its 2008 summer geochemical program. The survey involved ground geochemical sampling over selected airborne geophysical anomalies and other areas of interest on the Company's extensive property package, all of which is prospective for additional VMS deposits in the prolific Flin Flon-Snow Lake greenstone belt. Preparation and target planning for the 2009 winter drill program on these properties is underway.
All technical information in this release has been reviewed by Dr. George Gale, P.Eng., 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: corebox.net.
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
The TSX Venture exchange does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:
VMS Ventures Inc.
Keith Patey
Director of Communications
(604) 986-2020 or Toll Free: 1-866-816-0118
(604) 986-2021 (FAX)
Website: vmsventures.com
Coal Harbor Communications
Dale Paruk
(604) 662-4505 or Toll Free: 1-877-345-3399
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Source: VMS Ventures Inc. |
