VMS Ventures Updates 2013 Winter Drill Programs, Snow Lake, Manitoba and
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/01/13 -- VMS
Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company")
updates shareholders on the progress of its winter drill programs.
The Company has completed drill testing its 100%-owned base metal
massive sulphide-type targets in the Snow Lake greenstone belt of
Manitoba and several targets in the North Range of the Sudbury Basin,
Ontario. All targets in Manitoba have been selected for drill testing
subsequent to the integration of airborne VTEM or ground EM-magnetic
geophysical surveys and Mobile Metal Ions ("MMI") soil geochemistry
coupled with a review of historic exploration databases. The Company
completed 13 holes with two holes abandoned due to low water supply
for a total of 3,259.9 metres. In Sudbury, the Company completed
three skid mounted drill holes following up TDEM, VLF-EM and MMI
anomalies on the Terra Incognita project for a total of 440.6 metres.
Drill testing of Manitoba targets began on the Reed East project and
finished on our Copper project. All targets were confirmed as
uneconomic iron sulphide mineralization, generally associated with
graphitic argillite within basaltic host rocks.
Neil Richardson, COO states: "The cold winter and spring have been
exceptionally good for skid mounted drilling with frozen ground
providing good access to many of our planned targets. The cold
weather created some problems with small ponds frozen solid,
providing an inadequate water source for drilling of two targets. We
continue to see excellent correspondence between our geophysical
targets and the drill results in explaining the anomalies."
The drilling for this season was completed on April 17, 2013. The
final assay results for the last few holes are outstanding at the
time of writing.
About VMS Ventures Inc:
VMS Ventures Inc. is focused primarily on acquiring, exploring and
developing copper-zinc-gold-silver massive sulphide deposits in the
Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project
property portfolio consists of the Reed Lake Mine, which is subject
to a 70-30 JV with HudBay Minerals and is scheduled for production in
Q4-2013, Copper Project, McClarty Lake Project, Sails Lake Project,
Puella Bay Project and Morton Lake Project. Outside of the Snow Lake
camp, the Company holds massive sulphide prospective properties near
the past producing Fox Lake and Ruttan copper-zinc mines, near the
communities of Lynn Lake and Leaf Rapids, respectively in northern
Manitoba. These properties are located in the mining friendly
province of Manitoba, Canada. The Company also has optioned two
properties in the Sudbury mining camp. They are Terra Incognita, and
VMS Ventures owns approximately 27.5% of North American Nickel Inc.
(TSX VENTURE:NAN). For more information on North American Nickel
Inc., please visit www.northamericannickel.com.
Forward Looking Statement
Some of the statements contained herein may be forward-looking
statements which involve known and unknown risks and uncertainties.
Without limitation, statements regarding potential mineralization and
resources, exploration results, and future plans and objectives of
the Company are forward-looking statements that involve various
risks. The following are important factors that could cause the
Company's actual results to differ materially from those expressed or
implied by such forward-looking statements: changes in the world wide
price of mineral commodities, general market conditions, risks
inherent in mineral exploration, risks associated with development,
construction and mining operations, the uncertainty of future
profitability and the uncertainty of access to additional capital.
There can be no assurance that forward-looking statements will prove
to be accurate as actual results and future events may differ
materially from those anticipated in such statements. VMS Ventures
Inc. undertakes no obligation to update such forward-looking
statements if circumstances or management's estimates or opinions
should change. The reader is cautioned not to place undue reliance on
such forward-looking statements.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal, B.Sc., President
VMS Ventures Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
VMS Ventures Inc.
(604) 986-2020 or Toll Free: 1-866-816-0118
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