VMS Ventures Inc.
TSX VENTURE : VMS

VMS Ventures Inc.

March 03, 2008 13:05 ET

VMS discovers 2.25% Copper, 3.17% Zinc and 1.39 g/t Gold over 51.98m (170.54 ft), including 8.49% Copper, 5.07% Zn and 4.91 g/t Gold over 4.57m (14.99 ft)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2008) - VMS Ventures, Inc. (TSX VENTURE:VMS) (the "Company") is pleased to provide an exploration update at its ongoing program at the Reed Project Discovery Zone near Snow Lake, Manitoba.



Highlights:

RD 08-20 51.98m (170.54 ft) grading 2.25% Cu, 3.17% Zn, 1.39g/t Au

- Including: 4.57m (14.99 ft) grading 8.49% Cu, 5.07% Zn,
58.28g/t Ag and 4.91g/t Au

RD 08-14: 31.42m (103.48 ft) grading 1.03% Cu, 4.57% Zn

- Including: 11.34m (37.20 ft) grading 1.77% Cu, 6.26% Zn

RD 08-16: 3.63m (11.91 ft) grading 2.15% Cu, 3.43% Zn


Vice President of Exploration, Dr. George Gale states: "Drill hole 20 is significant not only for the length of the interval intercepted, which exceeds 50 metres, but also because the mineralized interval begins at about 30 metres below surface."



TABLE 1
UPDATE REED LAKE DRILL PROGRAM

---------------------------------------------------------------------------
Hole # From (m) To (m) Int (m) Cu % Zn % Ag g/tn Au g/tn
---------------------------------------------------------------------------
RD08-14(i) 70.68 102.10 31.42 1.03 4.57 14.95 0.71
---------------------------------------------------------------------------
Inc(i) 88.93 100.27 11.34 1.77 6.26 26.14 1.29
---------------------------------------------------------------------------
RD08-16(i) 63.44 67.07 3.63 2.15 3.43 18.17 0.96
---------------------------------------------------------------------------
RD08-20(i) 41.62 93.60 51.98 2.25 3.17 17.40 1.39
---------------------------------------------------------------------------
Inc(i) 41.62 46.19 4.57 8.49 5.07 58.28 4.91
---------------------------------------------------------------------------
(i)True thickness is unknown.


Two drills are operating at the Discovery Zone. One is exploring the Discovery Zone mineralization down dip and to the west. The second drill will test the southwest trending geophysical anomaly detected in the first phase of the Deep EM survey and in the area of VTEM anomalies.

The data from the 2007 airborne geophysics and geochemical surveys on the Reed project are compiled and interpreted. A third drill will initiate reconnaissance style drilling on these targets over the next four to six weeks as winter conditions are ideal.

A Deep EM geophysical survey is complete over about one-third of the Discovery Zone. The Company decided to expand the size of the geophysical program, which requires additional grid lines. Preliminary interpretation of the Deep EM data supports the interpretation of data from the VTEM airborne survey in this area. Importantly, the Deep EM survey has identified a strong conductive body that deepens to the southwest and appears spatially related to Discovery Zone mineralization.

Last week, the Company started a Horizontal Loop-EM and ground magnetic geophysical survey, which provides higher resolution of shallow conductive and magnetic anomalies. This survey will provide better target definition and enable more precise drill collar location at the Discovery Zone.

Drillhole locations in this news release are as follows:



DRILLHOLE NORTH EAST ELEVATION EOH DIP AZM
--------- ------- ------ --------- ------ ----------- ----------
RD-08-14 6048787 393946 0.000 309.98 -45 degrees 25 degrees
RO-07-16 6048787 393946 0.000 267.31 -45 degrees 45 degrees
RO-07-20 6048817 393940 0.000 151.48 -45 degrees 45 degrees


All technical information in this release has been reviewed by the Qualified Person, Dr. George Gale, P.Eng. All samples have been prepared and analyzed at TSL Laboratories in Saskatoon, Saskatchewan using ICP-MS and Fire Assay analytical methods.

VMS Ventures Inc. acquires, explores and develops copper-zinc properties in the Flin Flon-Snow Lake VMS Belt. 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 REE prospect. VMS Ventures properties are all located in the mining friendly province of Manitoba, Canada.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal B.Sc.

President, Director

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
    or
    Coal Harbor Communications
    Dale Paruk
    (604) 662-4505 or Toll Free: 1-877-642-6200