VMS Ventures Inc.

VMS Ventures Inc.

April 10, 2007 13:17 ET

VMS Ventures Reports Drill Testing of Nickel Targets to Commence on the Lynn Lake Gabbros Project, Manitoba

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 10, 2007) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to announce that diamond drilling will commence shortly at the Company's Lynn Lake Gabbros Nickel Properties. A drill contractor has been hired and equipment is now arriving in Lynn Lake. VMS Ventures holds a dominant land position in the Lynn Lake Nickel Mining Camp, which is historically the third largest nickel producing camp in Canada.

Exploration Program:

Between July 2005 to April 2006 approximately $215,000 in exploration expenditures were made on the properties producing a high resolution Magnetic and EM geophysical airborne survey, and a deep penetrating IP geophysical survey. Several new prospective anomalies were identified and appear to be related to sulphide mineralization at depth. Of particular interest, they appear to be vertically oriented bodies, which is important as the nickel-copper ore bodies in the Lynn Lake nickel mine occur as vertically-oriented massive and disseminated nickel-copper sulphide lenses.

The planned drill program will test 3 to 5 of the IP anomalies detected on the Carr Lake and Frazer Lake claims, subject to surface access and ground conditions. The top of the targets, as projected in the 3D interpretation, vary from 100m to 250m depth from surface. All of the targets are untested and have not undergone previous drilling. Dr George Gale, VP Exploration states, "This first drill program is important and if successful, the Company will be making the first new discovery of nickel mineralization outside of the old mine workings in 4 decades. Also this will prove the effectiveness of using modern geophysical surveys in the search for new deposits which lay beneath the penetration limits of older geophysical surveys."

Nickel Camp History:

Sherritt Gordon Mines Ltd. mined the Lynn Lake nickel-copper deposits from 1953-1976. The mined deposits were discovered in two mafic-ultramafic intrusive bodies, known as the "Main" and the "El" gabbroic plugs. The Main and El gabbroic plugs produced 20,151,146 tonnes of ore at an average grade of 1.023% Ni and 0.535% Cu from three mines over a 24 year period.

VMS Ventures Land Position:

VMS Ventures claims cover 5 of the 7 known Lynn Lake gabbroic plugs in the camp. The two gabbroic plugs not held by the Company, the "A" and the "El", are being explored by Independent Nickel Corporation (INI.V) and Western Areas NL (WSA.T) respectively. The Company holds all the remaining Lynn Lake gabbroic plugs in the camp.

The Company's claims comprise 4 separate claim groupings, the Ralph Lake, Frazer Lake, Carr Lake and Norrie Lake, covering a total area of 38.83 square kilometers giving it the largest land position over Lynn Lake gabbro bodies in the camp. The northern boundary of the Frazer Lake claim group comes within 200m of the claim which covers the "EL" plug that produced approximately 1.0 million tons ore grading 3.3 per cent nickel, 1.1 per cent copper to a depth of 270 metres.

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.
Lynn Lake is located in Northern Manitoba, 320 kilometres by road, northwest of the nickel smelter at Thompson and has significant infrastructure including an airport, all weather road access, hydroelectricity and a rail line. Manitoba was recently rated by the Fraser Institute as the best location in the world for developing a mine.

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, 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 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