VMS Ventures Inc.

VMS Ventures Inc.

October 15, 2007 13:09 ET

VMS Ventures Inc.: 2nd Drill Program Planned at Reed Lake Discovery Zone, Snow Lake, Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2007) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to announce that a drill has been sourced for its second core drilling program on and around its recent Reed Lake VMS discovery. A program consisting of up to 3,000 metres in 13 core holes is planned. The Company anticipates drilling will begin within 10 days.

This drill program is designed primarily to determine the extensions, orientation and geometry of the copper-rich mineralization discovered in RD 07-02 and to explore for its extension as suggested by the VTEM geophysical anomaly that extends to the west and south on to the Company's Mineral Exploration License 268A (MEL 268A).

In addition, core holes will test conductors in the areas of RD 07-04 and RD 07-05, which are approximately 1,000 and 1,400 metres respectively east of RD 07-02. Drillholes from both these sites encountered alteration that is considered distal to VMS deposits and additional drillholes are required at both sites.

The mineralization and alteration assemblage intersected in RD 07-01, RD 07-02 and RD 07-03 is typical of other VMS deposits found in the Snow Lake area. As previously reported, each of the three drillholes intersected chlorite altered felsic volcanic rocks along the south side of a VTEM conductor. Holes RD 07-02 and RD 07-03 intersected a solid sulphide interval with a pyrite-sphalerite cap that is stratigraphically overlain by layers of magnetite and chert. Drillhole RD 07-01 appears to have been stopped short of the target VTEM conductor in chlorite altered volcanic rocks. These VMS deposits characteristically consist of multiple lenses of mineralization that are associated with a single time-space horizon.

These additional holes should also assist in determining the extent of the mineralization on the Company's Mineral Exploration License 268A and on the HudBay optioned Reed Lake property (HudBay Minerals: HBM-TSX). The map posted on the Company's website shows the location of drillholes RD 07-01, RD 07-02 and RD 07-03 in relation to the property boundaries and to the VTEM anomalies in the area. http://www.vmsventures.com/image018.asp.

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.


John Roozendaal, President

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
    Website: www.vmsventures.com
    Coal Harbor Communications
    Steve Kubota
    (604) 662-3237 or Toll Free: 1-866-405-3955