Dr. Tony Naldrett, Internationally Acclaimed Expert on Magmatic Sulphide
Deposits, Joins North American Nickel's Advisory Board
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/30/13 -- VMS
Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is
pleased to announce that North American Nickel Inc. (TSX VENTURE:NAN)
("North American Nickel" or "NAN"), issued a press release this
morning announcing that Dr. Tony Naldrett, Emeritus Professor at the
University of Toronto, has joined the Company's Advisory Board. VMS
owns approximately 27.5% of NAN. The release is as follows:
"North American Nickel Inc. is pleased to announce that Dr. Tony
Naldrett, Emeritus Professor at the University of Toronto, has joined
the Company's Advisory Board. Dr. Naldrett is an internationally
recognized and acclaimed expert on magmatic (nickel, copper and
platinum-group element) sulphide mineralization.
Over a career spanning more than forty years, Dr. Naldrett's research
has focused on magmatic sulphide deposits, the magmas from which they
have formed, the origin of these magmas in the mantle, the chemistry
controlling the segregation of sulphides from the magma, and the
subsequent separation of minerals from the cooling sulphides that are
important in the beneficiation of the ores.
Recently, Dr. Naldrett was the featured speaker for NAN's Greenland
and Copenhagen lecture series on nickel sulphide deposits, with a
focus on Greenland where NAN is exploring its 5100 square kilometer
100% owned Maniitsoq property in south west Greenland. While in
Greenland, he was able to inspect Maniitsoq project drill core, which
is stored in Nuuk.
Rick Mark, CEO of North American Nickel states: "We are honored that
Dr. Naldrett has agreed to join the Company's Advisory Board and
become part of a growing team providing guidance to the immediate and
long term development of our Maniitsoq nickel-copper-cobalt-PGM
sulphide project. Literally, he has been on the ground of all the
significant nickel sulphide deposits in the world. His understanding
of these very complex systems is unparalled and he will be a great
help to the Company's technical team, as they explore and develop
what we believe can be the world's next nickel sulphide camp."
Dr. Naldrett's work has always had a firm foundation in actual
deposits. It has led him and his research teams to visit and
investigate some of the world's classic nickel-copper-platinum group
metal deposits in many parts of the world including, in addition to
Canada and the US, Russia, China, Australia, South Africa, Botswana,
Zimbabwe, Norway, Finland, Italy and Brazil. He has supervised 15
M.Sc. and 16 Ph.D. students and 15 Postdoctoral Fellows during his
This remarkable on ground experience has resulted in his authoring,
or co-authoring, over 240 refereed papers and 8 books. He has also
served as President of the Mineralogical Association of Canada, the
Society of Economic Geologists, the International Mineralogical
Association and the Geological Society of America and as Chairman of
UNESCO's International Geological Cooperation Programme.
North American Nickel would also like to announce that it has granted
incentive stock options to certain consultants and/or employees of
the Company to purchase up 200,000 common shares in the capital of
the Company pursuant to the Company's stock option plan. The options
are exercisable, on or before September 30, 2018, at an exercise
price of $0.37 per share.
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 Copper Project, which is
subject to a 70-30 JV with HudBay Minerals and, subject to receipt of
required permits, 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 in northern Manitoba. These properties
are located in the mining friendly province of Manitoba, Canada. The
Company also has optioned the Black Creek property in the Sudbury
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.
Some of the statements contained herein may be forward-looking
statements which involve known and unknown risks and uncertainties.
Without limitation, statements regarding the costs, plans and
schedule to develop the Reed Copper Project, 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
Neil Richardson, COO
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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