VMS Ventures Inc.

VMS Ventures Inc.

April 26, 2007 13:32 ET

VMS Ventures Inc. Reports That a VTEM Airborne Survey Has Commenced Over Its South Bay, Manitoba Nickel-Copper-Cobalt-PGE Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 26, 2007) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to announce that it has contracted Geotech Ltd. of Aurora Ontario to utilize its VTEM technology to fly an airborne survey over the Company's South Bay property located 100 km east of Lynn Lake, Manitoba. The survey will consist of 485 kilometers of flight lines and cover an area of approximately 39 square kilometers (15 sq miles) over a 12 km strike length of the target horizon which is host to the nickel mineralization discovered on the property.

Dr. George Gale, VP Exploration, states, "The VTEM survey being flown at South Bay, has unique design characteristics which allow for the detection of highly conductive massive sulphide deposits typical of nickel mineralization, to far greater depths then any previous system available to the Company. This survey will provide us with a brand new look at the property and will examine over 12 km of the stratigraphic horizon known to host nickel mineralization, for similar rich pods and ultimately may lead us back to the source deposit."

South Bay Project History:

In 2003 a nickel-copper-cobalt PGE occurrence was discovered along a provincial road in northern Manitoba where blasting to level the roadway exposed sulphide mineralization. Assay values of up to 3.5% nickel and 4.99% copper with up to 4.5 g/t platinum group elements were recovered from outcrop and road cut debris. The average grade of eleven semi-massive to near massive sulphide boulders recovered from blast rubble in the road cut exposure is 2.42% Ni, 0.78% Cu, 697 ppm Co and 1.32 g/t PGE occurring in a 2 meter to 7 meter wide biotite schist (http://www.vmsventures.com/11x17.pdf).

The mineralization discovered is of the same type associated with magmatic-sulphide hosted nickel deposits, such as those mined in the Sudbury, Thompson and Lynn Lake nickel camps of Canada. The mineralization is comprised primarily of pyrrhotite, pyrite, pentlandite, chalcopyrite, and pyrite.

In 2004 the Company completed (2717 METRES) of drilling to test prominent geophysical anomalies adjacent to, and striking in the same direction as the surface mineralization, 80m to the south of the nickel showing. This initial drill program did not locate the source of the nickel mineralization and the anomaly was discovered to be a barren sulphide facies iron formation. The drilling did identify the biotite schist as the host horizon and drill holes which cut the unit returned anomalous metals including nickel.

Subsequent to the drilling, the Company hired Dr. Walter Peredery, who has over 40 years of nickel exploration experience, including 32 years with INCO Ltd., to review the project. Following a property visit, and petrological and geochemical analysis of drill core and outcropping rock, Dr. Peredery recommended the Company conduct a follow up program to include geological and structural mapping of the project area in detail and also fly an airborne geophysical survey.

The Company then contracted Robert K. Springer Ph.D, P.Geo, to map the geology and structure of the area around the nickel showing. Dr. Springer's study summarized the rock units that host the mineralization and the structural events evident in the rock including folding, faulting and shearing. He concluded that the pod of nickel mineralization represented a significant indicator of a nearby nickel sulphide source and was probably remobilized from a mafic/ultramafic magmatic source rock.

Dr. George Gale states, "We have held on to the sizable South Bay property package because such high grade Nickel occurrences are rare and there exists the potential to discover a whole new nickel camp. With Nickel prices driving exploration opportunities, it is time to renew our search for the source of the high grade nickel outcrop."

The Company holds the option to earn a 100% interest in the claims subject to an NSR. All technical information in this release has been reviewed by Dr. George Gale, P.Eng, Vice President of Exploration VMS Ventures Inc.

Infrastructure: This discovery straddles the provincial road connecting the communities of Leaf Rapids and South Indian Lake, Manitoba. It is an area with favorable infrastructure including all season road access, hydroelectric power, existing mining communities and the projects location approximately 300 km by road from INCO's fully integrated nickel mining and smelting complex at Thompson, Manitoba.

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 package of land considered prospective for nickel-copper mineralization at Lynn Lake, historically, 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 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.
    John Roozendaal
    (604) 986-2020 or Toll Free: 1-866-816-0118
    (604) 986-2021 (FAX)
    Website: www.vmsventures.com