VMS Ventures Inc.

VMS Ventures Inc.

November 01, 2007 14:32 ET

VMS Ventures Inc.: Drilling at Reed Lake Discovery Zone to Commence Monday

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2007) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") has been informed by the contractor that drilling is expected to commence at its Reed Lake project near Snow Lake, Manitoba, on or before Monday, November 5, 2007.

The Company is permitted to drill up to 14 holes and expects to drill up to 4,000 meters. Initial drilling will be focused on and around RD 07 02, which intersected 43.05 meters of 4.38% copper reported previously (October 4, 2007). A pattern of holes on 25 meter spacings will be positioned at the discovery zone.

President John Roozendaal states, "The geological information we acquire from this drill program will be used to determine the strike, dip and plunge of the mineralized body. This, then, will assist us in designing our next drill program around the deposit to follow the extent of mineralization to depth and along strike."

Freeze-up in Manitoba allows much greater access to many more drill targets covered by bogs and water. The Company is planning an aggressive winter exploration program at Reed Lake and is presently seeking permits for up to 40 drill holes consisting of up to 15,000 meters of drilling beginning, weather permitting, in January 2008.

A large VTEM airborne geophysical survey is planned to commence on all of VMS Ventures' southern Snow Lake properties before the end of the year. Over 9,000 line km of flight lines will cover 13 separate property areas held by the Company, and will include a second fly over the Discovery Zone at an angle perpendicular to the first fly completed in early 2007.

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.


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.
    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