VMS Ventures Inc.

VMS Ventures Inc.

September 30, 2013 16:07 ET

Dr. Tony Naldrett, Internationally Acclaimed Expert on Magmatic Sulphide Deposits, Joins North American Nickel's Advisory Board

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 30, 2013) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is pleased to announce that North American Nickel Inc. (TSX VENTURE:NAN) ("North American Nickel" or "NAN"), issued a press release this morning announcing that Dr. Tony Naldrett, Emeritus Professor at the University of Toronto, has joined the Company's Advisory Board. VMS owns approximately 27.5% of NAN. The release is as follows:

"North American Nickel Inc. is pleased to announce that Dr. Tony Naldrett, Emeritus Professor at the University of Toronto, has joined the Company's Advisory Board. Dr. Naldrett is an internationally recognized and acclaimed expert on magmatic (nickel, copper and platinum-group element) sulphide mineralization.

Over a career spanning more than forty years, Dr. Naldrett's research has focused on magmatic sulphide deposits, the magmas from which they have formed, the origin of these magmas in the mantle, the chemistry controlling the segregation of sulphides from the magma, and the subsequent separation of minerals from the cooling sulphides that are important in the beneficiation of the ores.

Recently, Dr. Naldrett was the featured speaker for NAN's Greenland and Copenhagen lecture series on nickel sulphide deposits, with a focus on Greenland where NAN is exploring its 5100 square kilometer 100% owned Maniitsoq property in south west Greenland. While in Greenland, he was able to inspect Maniitsoq project drill core, which is stored in Nuuk.

Rick Mark, CEO of North American Nickel states: "We are honored that Dr. Naldrett has agreed to join the Company's Advisory Board and become part of a growing team providing guidance to the immediate and long term development of our Maniitsoq nickel-copper-cobalt-PGM sulphide project. Literally, he has been on the ground of all the significant nickel sulphide deposits in the world. His understanding of these very complex systems is unparalled and he will be a great help to the Company's technical team, as they explore and develop what we believe can be the world's next nickel sulphide camp."

Dr. Naldrett's work has always had a firm foundation in actual deposits. It has led him and his research teams to visit and investigate some of the world's classic nickel-copper-platinum group metal deposits in many parts of the world including, in addition to Canada and the US, Russia, China, Australia, South Africa, Botswana, Zimbabwe, Norway, Finland, Italy and Brazil. He has supervised 15 M.Sc. and 16 Ph.D. students and 15 Postdoctoral Fellows during his career.

This remarkable on ground experience has resulted in his authoring, or co-authoring, over 240 refereed papers and 8 books. He has also served as President of the Mineralogical Association of Canada, the Society of Economic Geologists, the International Mineralogical Association and the Geological Society of America and as Chairman of UNESCO's International Geological Cooperation Programme.

North American Nickel would also like to announce that it has granted incentive stock options to certain consultants and/or employees of the Company to purchase up 200,000 common shares in the capital of the Company pursuant to the Company's stock option plan. The options are exercisable, on or before September 30, 2018, at an exercise price of $0.37 per share.

About VMS Ventures Inc:

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed Copper Project, which is subject to a 70-30 JV with HudBay Minerals and, subject to receipt of required permits, is scheduled for production in Q4-2013, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned the Black Creek property in the Sudbury mining camp.

VMS Ventures owns approximately 27.5% of North American Nickel Inc. (TSX VENTURE:NAN). For more information on North American Nickel Inc., please visit www.northamericannickel.com.

Forward-Looking Statement

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding the costs, plans and schedule to develop the Reed Copper Project, potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. VMS Ventures Inc. undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements


Neil Richardson, COO

VMS Ventures Inc.

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.
    Evan Sleeman
    (604) 986-2020 or Toll Free: 1-866-816-0118