VMS Ventures Inc.
TSX VENTURE : VMS

VMS Ventures Inc.

August 16, 2007 06:30 ET

VMS Ventures Inc. Exploration Update at Copper-Zinc Properties, Snow Lake Mineral Belt, Manitoba; McWilliam Appointed to Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 16, 2007) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to report on the progress of its 2007 summer drill program at the Reed Lake copper-zinc VMS prospect, and on other exploration activities in the VMS property package in and around the mining community of Snow Lake, Manitoba.

To date the Company has drilled a total of 1,111 metres of diamond drilling in five core holes. The first three holes tested a coincident conductive and magnetic anomaly. Two of these holes have intersected both magnetite and sulphide minerals. A fourth hole was halted above the VTEM geophysical target depth (approximately 300m) due to mechanical problems. The required equipment to complete the fourth hole is being delivered to the site. The fifth hole is expected to be finished before the end of this week. Assay results and geological interpretation of the five drill holes will be released upon receipt and interpretation of data.

Dr. George Gale, VP Exploration, states, "We are excited to finally see the drill turning on our large prospective VMS property package that has taken two and a half years to construct. While this program provides us our first opportunity for discovery, it is also important because it will help us assess the exploration methodology used to date, particularly the usefulness of the VTEM airborne technology."

These holes are being drilled on the Reed Lake property, which consists of the VMS claims and Mineral Exploration License, the Dunlop option, and the recently announced Hudbay Minerals Ltd. option. In addition, ground crews have been collecting soil geochemical samples over prominent geophysical anomalies on this property, identified in the spring VTEM airborne survey. This geochemical survey will be used to assist in the selection of drill targets for the fall 2007 and winter 2007/2008 drill programs.

Geochemical surveys are also being conducted over VTEM anomalies on the 9-7 property and the Copperman property. Before the end of the field season, additional soil sampling, geological mapping and prospecting will be completed at the Sails Lake and Puella Bay properties.

The Company is pleased to announce the appointment of Mr. Bill McWilliam of North Vancouver, B.C. to its Board of Directors. Mr. McWilliam has been on the Company's Advisory Board since 2004. He will also chair the Company's Audit Committee as an independent director.

Snow Lake VMS Property Package

Over the past two and half years, the Company has acquired 12 distinct, prospective land packages in the Snow Lake-Flin Flon VMS belt. Each has been selected based on the existence of either known VMS style mineralization in drill core or at surface, the identification of VMS associated alteration in host rocks, and/or the presence of stratigraphy that hosts a VMS deposit on neighboring claims.

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc properties in the Snow Lake-Flin Flon VMS Belt. The Company also holds the largest package of land considered prospective for nickel-copper mineralization at Lynn Lake, which, historically, is 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.

All technical information in this release has been reviewed by Dr. George Gale, P.Eng, Vice President of Exploration, VMS Ventures Inc.

ON BEHALF OF THE BOARD OF DIRECTORS

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
    (604) 986-2021 (FAX)
    Website: www.vmsventures.com
    or
    Coal Harbor Communications
    Steve Kubota
    (604) 662-3237 or Toll Free: 1-866-405-3955