VMS Ventures Inc.
TSX VENTURE : VMS

VMS Ventures Inc.

June 07, 2007 09:30 ET

VMS Ventures Announces Acquisition of the Nickel Belt Project, Manitoba, Canada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 7, 2007) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to announce the acquisition of a 52,000 hectare (20 x 26 km) exploration permit that covers a highly prospective portion of the Manitoba Nickel Belt. The "Nickel Belt Project" is situated north of Cedar Lake and northwest of the town of Grand Rapids, Manitoba where there are all weather roads within 15 and 20 km of the property.

The decision to acquire this land package was based on the definition of the Manitoba Nickel Belt by government geologists and a Company evaluation of previous exploration data contained in the Manitoba government assessment files.

The property is of special interest in that it contains magnetic signatures similar to the Williams Lake area, some 35 km to the northeast, where Falconbridge (Xstrata) intersected over 3% nickel in drill core. Falconbridge geologists established that the Williams Lake nickel-bearing ultramafic rocks occur within the Pipe Formation, which is the same package of rocks that contain the Pipe 1 and Pipe 2 deposits and other Nickel-Copper deposits approximately 20 km from Thompson, Manitoba (Assessment Files, Manitoba Mines Branch).

Falconbridge's exploration established that the area covered by this Nickel Belt Project permit contains the southwards extension of the Pipe Formation and also includes calc-silicate rocks that are part of the Thompson Formation, which hosts the world class Thompson Nickel-Copper Mine (Assessment Files, Manitoba Mines Branch).

Dr. George Gale, VP Exploration, says, "It is well known by exploration geologists that one of the best places in the world to be looking for nickel is within the Manitoba Nickel Belt. Falconbridge intersected both mafic rocks and nickeliferous sulphides in four drill holes they put down in the area covered by our Nickel Belt Project property. When the Falconbridge nickel assays are recalculated to 100% sulphide, the low grade analyses are equivalent to up to 1% nickel. Not only is this a great place to start looking for nickel, the expertise that we have gained in the search for copper and zinc beneath the limestones to the north will be of considerable benefit to us in this new Nickel Belt Project. We intend to use the airborne VTEM survey as soon as possible and follow it with ground geochemistry this year."

VMS Ventures Inc. is focused on acquiring, exploring and developing copper-zinc properties in the Flin Flon-Snow Lake VMS Belt. The Company also holds the largest package of land considered prospective for nickel-copper mineralization at Lynn Lake, which, historically, is 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 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:

Rick Mark, CEO & Chairman

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • VMS Ventures Inc.
    Rick Mark
    CEO & Chairman
    (604) 986-2020 or Toll Free: 1-866-816-0118
    (604) 986-2021 (FAX)
    Website: www.vmsventures.com