VMS Ventures Inc.
TSX VENTURE : VMS

VMS Ventures Inc.

April 20, 2010 06:30 ET

VMS Commences First Drill Program at Its 100% Owned Copper Project, Snow Lake, Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 20, 2010) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to report that plans for drilling base and precious metal targets on its 100% owned Copper Project are now complete and that drilling will commence this week. This program will target five areas in the northernmost portion of the property, where exploration is at its most advanced stage with all geophysical and geochemical surveys completed. It is designed to test pronounced geophysical and geochemical signatures on targets that have not been previously drilled.

The Copper Project is located approximately 20 km southeast of the mining community of Snow Lake where HudBay Minerals operates a mill and concentrator and where the development and exploration of the Lalor Lake zinc-copper-gold-silver deposit is ongoing. Access to the northern end of the property is via paved highway. The Company's Reed Lake discovery is located approximately 45 km by paved highway to the west of the Copper Project claims.

Exploration by VMS Ventures commenced in 2007 with a VTEM airborne survey which detected over 800 geophysical conductive anomalies within the northern 12 km of this very large property. The Copper Project extends over 30 km in length and covers an area of approximately 350 square km. The VTEM survey collected data on the magnetic and conductive geophysical characteristics of the underlying greenstone belt. In 2008, the Company extended airborne survey coverage to the rest of the property and executed geochemical surveys in 2008 and 2009.

Vice President of Exploration and Technical Services, Dr. Mark Fedikow states: "We have been anxious to get drilling underway at the very large Copper Project. It is all ground underlain by the highly prospective Flin Flon-Snow Lake greenstone belt. Within this particular area the belt hosts four non-producing copper-zinc massive sulphide-type deposits, thereby demonstrating the presence of hydrothermal mineralizing systems. Our geophysical and geochemical surveys integrated with historic drill information have delineated numerous high quality targets, which we can now begin to assess with drilling."

Drill Program Details

The program will assess five previously untested anomalies. All targets in this program are within 2 km of a paved highway. Due to wet ground conditions the drill sites will be accessed by helicopter. A minimum of 1,500 metres of drilling is planned (see image below).

Target 1 is located 1.2 km south of provincial highway # 39. It is a long formational anomaly with isolated stronger conductance, along with flanking style magnetic features and soil geochemistry anomalies elevated in zinc, and is directly coincident with the strongest electromagnetic anomaly.

Target 2 is located 1.7 km south of provincial highway # 39. It is a long formational anomaly with isolated stronger conductance, along with flanking style magnetic features and soil geochemistry anomalies elevated in copper, and is directly coincident with the strongest electromagnetic anomaly.

Target 3 is located 2.8 km south of provincial highway # 39. A long formational anomaly with discrete breaks is evident. An area of highest conductance, along with a flanking style magnetic feature is targeted. Soil geochemistry is elevated in copper and is directly related to the electromagnetic anomaly.

Target 4 is located 2.4 km south of provincial highway # 39. A long formational anomaly with discrete breaks is evident. An area of highest conductance along with flanking style magnetic feature is targeted. Soil geochemistry is elevated in copper and is directly coincident with the strongest electromagnetic anomaly.

Target 5 is located 400 m west of provincial highway # 39. This discrete, moderately conductive anomaly is directly associated with a strong magnetic anomaly. Soil geochemistry is elevated in copper and is coincident with this target. The target is located 1km south of the Copper-Man deposit.

To view the map accompanying this release please click on the following link: http://media3.marketwire.com/docs/0419vms.jpg

All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the Company and Vice President of Exploration and Technical Services, VMS Ventures Inc.

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-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 Project, 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. 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.

Contact Information

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