VMS Ventures Inc.

VMS Ventures Inc.

October 25, 2007 11:06 ET

VMS Discovery Extended, Drill Equipment Arrives on Reed Lake Property, Snow Lake, Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2007) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to announce the remaining assay results from drill hole RD 07-02 and RD 07-03 on it's new discovery at the Reed Lake project, near Snow Lake, Manitoba.

The 2.67 m thick zone of near solid sulphide in RD 07-03 reported on September 17, 2007, consists mostly of pyrite and sphalerite and contains 4.98% ZN and 1.95% Cu.

This 'pyrite-sphalerite cap' intersected in RD 07-03 is similar to, and a continuation of, the 5.5 meter zone of pyrite and sphalerite intersected in hole RD 07-02, which contains 5.65 % Zn and 0.49% Cu. The interval of mineralization in RD 07-03 reported here, appears to represent a faulted slice of the pyrite-sphalerite cap portion of the deposit announced previously in RD 07-02. In hole RD 07-03 the occurrence of Quartz veins below the solid sulphide zone and the presence of a shear above the solid sulphide zone suggests that the mineralization is displaced by faults.

RD 07-03 was drilled to a total depth of 265 metres and intersected the pyrite-sphalerite mineralization approximately 50 m east of a similar intersection in drillhole RD07-02 and intersected the mineralization at a point approximately 10 m higher in elevation.

Vice-President of Exploration, Dr. George Gale, states "It is very encouraging to find that the 'pyrite-sphalerite' zone intersected in RD 07-03 has metal grades similar to parts of the pyrite-sphalerite cap found in RD07-02. In addition, the zinc grades in this drill hole combined with the intersections in RD07-02 provide certainty that we have discovered a volcanogenic massive sulphide (VMS) deposit that has all of the features of deposits found in this area."

The additional mineralization intersected in RD 07-02 reported here, occurs down hole from the pyrite-sphalerite cap, in a zone of structurally disturbed material consisting of veins of sulphide and quartz. All of the rocks that stratigraphically underlie the sulphide deposit are intensely altered felsic volcanic rocks.

Drill Hole From To Interval(i) Cu Zn Au Ag
(metres) (metres) (metres) % % g/t g/t

RD07-03 176.83 179.5 2.67 1.95 4.98 0.0 11.09

RD07-02 251.6 255.12 3.52 0.95 0.09 0.33 13.35


(i) True width will not be determinable until further drill holes are
completed. (For the purposes of converting the interval lengths to
imperial measurements note that one-metre is equal to 3.28 feet).

VMS Ventures is permitting an additional 13 holes for follow-up drilling. The Company has contracted Rodren Drilling of St. Paul, Manitoba to execute the program. The drill rig is now being mobilized to the site and this second drill program will commence later this week or early next week. Drill permitting for a larger winter program for targets inaccessible prior to freeze-up will follow

This mineral discovery is within an 800 metre long southwest-trending VTEM anomaly. The VTEM anomaly is on the Company's Mineral Exploration License (MEL) #268A and the Company's optioned HudBay Minerals property.

All technical information in this release has been reviewed by Dr. George Gale, P.Eng, the Qualified Person, Vice President of Exploration and director of VMS Ventures Inc. All samples have been prepared and analyzed at Actlabs in Ancaster Ontario using fire assay analytical methods.

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.


John Roozendaal B.Sc., President & Director

Contact Information

  • VMS Ventures Inc.
    Keith Patey
    Director of Communications
    (604) 986-2020 or Toll Free: 1-866-816-0118
    Coal Harbor Communications
    Steve Kubota
    (604) 662-3237 or Toll Free: 1-866-405-3955