VMS Ventures Inc.
TSX VENTURE : VMS

VMS Ventures Inc.

October 26, 2011 06:30 ET

VMS Ventures Introduces Exploration Programs for Its Sudbury, Ontario Projects

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2011) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS") is pleased to announce upcoming exploration programs for its three Sudbury projects Golden Pine, Terra Incognita and Black Creek, located approximately 37 kilometers north of Sudbury, Ontario. http://www.vmsventures.com/Theme/VMS/files/images/Ontario_Projects_Map_v1.jpg

VMS Ventures COO Neil Richardson states: "We have now started our initial $250,000 exploration program on our Sudbury projects. We like the fact that these projects have seen limited and spotty exploration activity over the last twenty years, or so. We have optioned a sizable, prospective land package and all historical data has now been synthesized into one database. This work has resulted in several multi-element targets being outlined. Exploration programs will begin immediately and will continue till year-end."

Golden Pine

The Golden Pine project is located in Parkin Township and has seen historical drilling and a small bulk tonnage test pit for gold mineralization. Results indicate the presence of, at least, four mineralized zones with values as high as 42 g/t gold and 122 g/t silver in grab samples. The 530 tonne A-zone bulk sample averaged 0.68 g/t gold, which is significantly lower than the historical drilling and surface sample assays. This project is the most advanced of our projects having been previous drilled, bulk sampled, stripping and channel samples. All historical data was compiled into one format with targets generated for follow-up in 2011 by power stripping, geological mapping and channel sampling. A 3D-model of the mineralized zones and new geological information will be completed in early 2012 using Gemcom® software.

Terra Incognita

The Terra Incognita project is also located in Parkin Township and is contiguous to the Golden Pine and Black Creek properties. It is relatively underexplored due to extensive overburden cover in the area. This project has potential for volcanic hosted base metal massive sulphide type mineralization and gold hosted in granitic intrusions or favourable geological structures. Historical work outlined a magnetic high associated with very low frequency (VLF) geophysical anomalies and base metal Mobile Metal Ion ("MMI") soil geochemical anomalies. A time-domain electromagnetic survey is planned over this favourable area with follow-up diamond drilling, if warranted.

Black Creek

The Black Creek project is located in Parkin and Hutton Townships and is a gold/base metal prospect with anomalous gold reported in black sands of the Vermilion River. Six Geotech Versatile Time-domain Electromagnetic (VTEM) targets have been compiled from an historical airborne electromagnetic survey on the property. Follow-up work will consist of diamond drilling and mechanical excavator power stripping and washing of outcrop in areas of exploration interest.

About VMS Ventures Inc.

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed Lake Project, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned three properties in the Sudbury mining camp. They are Terra Incognita, Golden Pine and Black Creek.

VMS Ventures owns approximately 45% of North American Nickel Inc. (TSX VENTURE:NAN). For more information on North American Nickel Inc., please visit www.northamericannickel.com.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal, President

VMS Ventures Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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
    www.vmsventures.com

    Launch IR
    Matt Harrington or Dean Hanisch
    (613) 882-7467