VMS Ventures Inc.

VMS Ventures Inc.

December 04, 2007 06:30 ET

VMS Ventures Inc.: 2nd Drill Mobilized at Discovery Zone; Control Grid Underway Near Snow Lake, Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 4, 2007) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to update shareholders on its exploration activities in the Snow Lake area of Manitoba.

The drill program on the Discovery Zone is progressing and hole 4 is nearing completion. A second drill is being mobilized onto the Discovery Zone. As well, a third drill is anticipated to begin drilling additional targets in January.

Down Hole and Deep EM ground geophysical surveys are being prepared and are expected to be completed before the Christmas holiday break later in the month. A 65 line kilometer surface control grid is now under construction in preparation for the Deep EM surface geophysical survey. This survey is of particular significance as it is the same survey credited with the identification of anomalies which guided the drilling of the recently discovered Lalor Lake Zinc massive sulphide deposit by HudBay Minerals (TSX:HBM), near the Chisel North Mine, also within the Snow Lake mining camp. The surface Deep EM geophysical survey will commence once the Down Hole geophysical surveying has been completed.

The Down Hole geophysical survey employs a probe that travels down the bore hole and takes readings from the top to the bottom of the hole. This survey method enables detection of conductive sulphide bodies within approximately 100m of the bore hole. This information can help geologists determine the location of additional lenses of sulphide mineralization, and/or thicker and more conductive parts of the mineralized body.

The information being gathered from the drilling now underway on the Reed Lake Discovery Zone will be used to determine the probable orientation of the mineralized body. The addition of Bore Hole and Deep EM geophysical survey results will greatly enhance our picture of the conductors associated with the mineralization, and more importantly, enable the detection of hidden mineralized bodies at greater depths. The ground survey will provide much greater resolution than the VTEM airborne geophysical survey that provided the initial drill targets on the 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.

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

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.
    Keith Patey
    Director of Communications
    (604) 986-2020 or Toll Free: 1-866-816-0118
    (604) 986-2021 (FAX)
    Website: www.vmsventures.com
    Coal Harbor Communications
    Dale Paruk
    (604) 662-4505 or Toll Free: 1-877-642-6200