Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

VMS Announces 2009 Exploration Plans for the Copper Project Area, Snow Lake, Manitoba

Posted : Thu, 25 Jun 2009 17:00:05 GMT
Author : VMS Ventures Inc.
Category : Press Release
News Alerts by Email ( click here )
News | Home
VANCOUVER, BRITISH COLUMBIA -- 06/25/09 -- VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to announce the details of the upcoming field program on the Copper project. The Copper project is situated approximately 45 km south and east of the town of Snow Lake and consists of 24 claims, three Mineral Exploration Licenses and one Mineral Lease.

The Copper project is the largest contiguous land package in the Company's Snow Lake property portfolio with a total area covering 23,908 hectares (92.31 sq miles). Geologically, the project is underlain by a north-northeast-trending belt of Proterozoic volcanic rocks similar to those that host multiple base metal massive sulphide-type deposits in the Snow Lake mining camp. This belt is host to 3 separate VMS mineralized occurrences, the Copperman, the Sylvia and the Koff zones. The Copperman deposit is held under option by VMS Ventures and the Company's southern most exploration permit covers the 9km of ground separating the claims hosting the Koff and the Sylvia zones.

Dr. George Gale states: "Given the proximity of two significant VMS occurrences on either side of the exploration permit, and the abundant untested airborne conductors identified in the 2008 VTEM airborne geophysical survey of the claims, the area is considered to be highly prospective to host additional deposits offering numerous targets to be investigated."

The northern limit of the project area hosts the Copperman zinc-copper deposit with non-compliant 43- 101 reserves reported in Manitoba Government reports as 221,308 tonnes grading 2.63% Cu and 4.46% Zn. Grab samples from trenches at the deposit assayed up to 12% Zn and 2.3% Cu. Currently, the Lease is held under option by VMS Ventures.

South of the Copperman deposit the highly prospective volcanic rocks are obscured by the younger covering dolomite rock that gradually increases in thickness to the south. Accordingly, indirect methods of exploration based on modern geophysics and geochemistry techniques are being utilized by the Company to determine exploration objects for diamond drilling.

Subsequent to the assessment and compilation of previous drill results, on both the Copperman copperzinc deposit and the Copper Project, VMS Ventures Inc. conducted an airborne geophysical survey over the northern part of the property in early 2007 using GEOTECH's VTEM system. This new airborne geophysics system permits the recognition of geophysical responses from base metal-mineralized zones at depths not attainable by historic airborne systems. A large number of well-defined EM conductors with associated magnetic responses were identified. These were followed up in 2008 with reconnaissance soil geochemical surveys to assess the geophysical anomalies in terms of their base and precious metal content. This work resulted in the definition of six reduced areas of anomalous geochemistry within the larger project area. Detailed soil geochemical surveys based on partial extraction techniques will be undertaken in 2009 in each of these areas. Modeling of the geophysical responses is being undertaken by Condor Geophysics of Lakewood, Colorado and upon completion; integration of the geophysical and geochemical data will be undertaken. Significant and coincident geophysical and geochemical responses identified as "Exploration Objects" will become the focus of follow-up diamond drilling contemplated for late summer 2009.

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



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.

Contacts:
VMS Ventures Inc.
Keith Patey
Director of Communications
(604) 986-2020 or Toll Free: 1-866-816-0118
(604) 986-2021 (FAX)
www.vmsventures.com

Coal Harbor Communications
Dale Paruk
(604) 662-4505 or Toll Free: 1-877-345-3399


Copyright © 2008 Market Wire. All rights reserved.
Share/Save/Bookmark

Article : VMS Announces 2009 Exploration Plans for the Copper Project Area, Snow Lake, Manitoba
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

Five Outstanding NCKU Alumni Honored With 2009 NCKU Outstanding Alumni Award
TAINAN, Taiwan - National Cheng Kung University (NCKU) presented its “2009 NCKU Outstanding Alumni Award” to five distinguished alumni in recognition of their remarkable professional achievements and contributions to their alma mater and the community. The award convocation was h

China BAK Battery Fourth Quarter Fiscal 2009 Earnings Conference Call
SHENZHEN, China, Nov. 23 -- China BAK Battery Inc. (Nasdaq: CBAK), one of the largest lithium-ion battery cell manufacturers in the world, as measured by production output, will hold its quarterly conference call to discuss results for the fourth quarter and fiscal ye...

DAILY customizes Rigid UHF tag for Industrial Applications
DAILY's rigid UHF tag is specially designed for Industrial Applications, since it is extremely resistant to harsh environment, including metallic and moist conditions. And the rigid on-metal tags can be customized from 860MHz to 960MHz, as well as in different sizes and shapes for each application's requirements.

ICB Financial Third Quarter 2009 Financial Performance
ONTARIO, Calif., Nov. 23 -- ICB Financial (OTC Bulletin Board: ICBN) and its wholly owned subsidiary, Inland Community Bank, N.A. (the "Bank"), reported special charges to earnings to bolster reserves during the quarter ended Sept...

2009 SATU Steering Committee Meeting and E-Classroom Workshop Held in NCKU
TAINAN, Taiwan - The Annual Steering Committee Meeting of the Presidents' Forum of Southeast and South Asia and Taiwan Universities (SATU) was held in National Cheng Kung University (NCKU), Tainan, Taiwan on November 12th ~ 13th, 2009. Additionally, there was together with a Workshop on

Celebrate Christmas at the St Margarets Christmas Fair, Sunday 6 December
The St Margarets Christmas Fair a href= http://www.mystmargarets.com onclick= linkClick( this.href ); target= _blank http://www.mystmargarets.com/a offers a festive day of fun, Christmas entertainment and great local Christmas shopping for all the family. /I/P PSt Margarets, Twic...

Free Wondreshare spyware removal - protect PC agianst spyware, trojan virus and slow performance!
Wondershare Spyware Removal is a free program that helps remove spyware, trojan virus and other security threats caused by spyware and other unwanted software.

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.