VMS Ventures Inc.

VMS Ventures Inc.

March 25, 2010 06:30 ET

VMS Ventures Initiates Line Cutting and Ground Geophysical Surveys Ahead of a Spring Drill Program at Its 100% Owned Copper Project Near Snow Lake, Manitoba; Drilling Halted at the Tower Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2010) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to report that its 100% owned Copper Project will be the focus of the Company's next drill program, expected to begin before the end of April, 2010. As well, the Company, with the signing of the Letter of Intent (LOI) with HudBay Minerals (TSX:HBM) as announced March 4, 2010, has halted its phase 2 drill program at the Tower Zone. The LOI with HudBay contemplates the optioning of certain exploration properties in the Reed Lake area and, so, VMS has stopped exploration on those properties during final negotiations.

Copper Project

The Company is now conducting line cutting and ground geophysical surveys of selected target areas on its 100% owned Copper project, in preparation for drill testing. The Company anticipates the next drill program will commence following spring break-up. More details on targeting, and related maps and images, will be made available ahead of drilling commencing.

The Copper project is a 30 km trend with several known base metal massive sulphide-type deposits identified by historic drilling, but without previous production. The project is believed to be highly prospective for the discovery of additional base metal mineralization at relatively shallow depths. Traditional exploration in the area has been frustrated by a thin cover of younger carbonate rocks which conceal the Flin Flon – Snow Lake greenstone belt and its contained mineralization.

VMS' exploration of the property over the past three years has resulted in the identification of a large number of airborne EM and magnetic geophysical anomalies across the 30 km length of the property. The Company's work has focused on reducing the numerous targets to several higher priority areas based on integrated geophysics and soil geochemistry.

The Copper Project is located approximately 45 km by paved highway east of the Company's Reed Lake discovery. It is 30 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 package is via a paved highway.

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

VMS Ventures Inc. currently has a profile on Corebox.net which is updated as soon as assay results are released. The link to visit our Corebox profile is: http://www.corebox.net/properties/reed_lake/.

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 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 Nickel Belt project and the South Bay nickel-copper-cobalt PGE property. All VMS Ventures Inc. properties are located in the mining friendly province of Manitoba, Canada.


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