VMS Ventures Inc.
TSX VENTURE : VMS

VMS Ventures Inc.

August 14, 2008 06:30 ET

VMS Expands Copper-Rich Mineralization With an Additional Nine Drill Holes at Its Reed Lake Discovery Zone at Snow Lake, Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 14, 2008) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") continues to expand its copper-rich Discovery Zone at Snow Lake. The mineralization has been identified in a total of 39 drill holes and has been intersected in the last 16 consecutive drill holes. The geometry and total strike length of the mineralized zone are currently unknown, however significant continuity is demonstrated by drill results.

Diamond Drill Highlights Include:

RD-08-61: 119.37m (391.62ft) of Near Solid Sulphide (NSS) and Sulphide Veinlets

RD-08-65: 108.27m (355.21ft) of NSS and Sulphide Veinlets

RD-08-58: 25.81m (84.68ft) of NSS

RD-08-59: 25.35m (83.17ft) of NSS and Sulphide Veinlets



TABLE ONE
MINERALIZED INTERVALS
DRILL HOLES RD-08-57 to RD-08-65
(Assays Pending)
---------------------------------------------------------------------------
DRILL FROM TO INT(i)
HOLE (m) (m) (m) MINERALIZATION DESCRIPTION
---------------------------------------------------------------------------
RD-08-57 116.33 118.37 2.04 Near Solid Sulphide
---------------------------------------------------------------------------
RD-08-58 251.36 277.0 25.64 Near Solid Sulphide
---------------------------------------------------------------------------
RD-08-59 199.83 225.18 25.35 Near Solid Sulphide - Sulphide Veinlets
---------------------------------------------------------------------------
RD-08-60 326.22 326.46 0.24 Near Solid Sulphide
---------------------------------------------------------------------------
And 331.88 332.56 0.68 Near Solid Sulphide
---------------------------------------------------------------------------
RD-08-61 139.00 142.34 3.34 Near Solid Sulphide
---------------------------------------------------------------------------
And 143.14 144.89 1.75 Near Solid Sulphide
---------------------------------------------------------------------------
And 215.68 335.05 119.37 Near Solid Sulphide - Sulphide Veinlets
---------------------------------------------------------------------------
Inc 254.57 270.70 16.13 Near Solid Sulphide
---------------------------------------------------------------------------
RD-08-62 120.02 122.31 2.29 Near Solid Sulphide
---------------------------------------------------------------------------
RD-08-63 119.13 122.46 3.33 Near Solid Sulphide
---------------------------------------------------------------------------
RD-08-64 115.39 125.11 9.72 Near Solid Sulphide
---------------------------------------------------------------------------
And 127.16 130.86 3.70 Near Solid Sulphide
---------------------------------------------------------------------------
RD-08-65 143.55 251.82 108.27 Near Solid Sulphide - Sulphide Veinlets
---------------------------------------------------------------------------
Inc 143.55 152.25 8.70 Near Solid Sulphide
---------------------------------------------------------------------------

(i) True thickness of mineralized interval is unknown


The current drill plan will develop a cross section of the mineralized zone by fanning two or three drill holes oriented perpendicular to the apparent strike of the zone from each collar location. The cross sections constructed to date indicate good vertical and lateral continuity and suggest the mineralization is open to depth. The dip appears to be sub-vertical with a northerly bias. The strike has an apparent azimuth of 260 degrees, slightly south of due west.

Concurrent with the drilling, borehole geophysical surveys are underway to identify anomalies that represent extensions of mineralization.

Analytical data from soil geochemical surveys undertaken in the Discovery Zone-Tower Zone areas have recently been received and interpretation is ongoing.

All technical information in this release has been reviewed by Lawrence Norquay M.Sc., P.Geo, Senior Project Geologist, 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.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal B.Sc., President & Director

The TSX Venture Exchange does not accept 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)
    Website: www.vmsventures.com
    or
    Coal Harbor Communications
    Dale Paruk
    (604) 662-4505 or Toll Free: 1-877-345-3399