VMS VENTURES ANNOUNCES 2013 WINTER DRILLING PROGRAM INCLUDING REED EAST AND REED WEST TARGETS NEAR SNOW LAKE, MANITOBA
Vancouver, B.C., December 5, 2012. VMS Ventures Inc. (TSX-V:VMS) (“VMS” or the “Company”) is pleased to announce plans for a 2013 winter drilling program on its 100% owned Manitoba properties.
Neil Richardson, VMS Ventures COO states: “We have many quality targets this winter, but we are particularly excited to get the drills turning on our newly acquired Reed East and Reed West properties. We consider them highly prospective as they cover a large area of the same volcanic rock package that hosts our high grade Reed Copper Deposit and Reed North base metal occurrences. VMS deposits tend to occur in clusters, within a specific package of these types of volcanic rocks”.
Diamond drilling is scheduled to begin in February and is expected to continue through April. Plans call for a budget of approximately $1.2 million which includes drilling 3,000 to 3,400 metres in 16 to 20 diamond drill holes. All target areas are within the Flin Flon – Snow Lake VMS greenstone belt of Manitoba.
Reed East and Reed West are adjacent to our Joint Venture property with Hudbay Minerals, which hosts the Reed Copper Deposit, currently being developed into a mine. These properties include targets with coincident Mobile Metal Ion (MMI) zinc anomalies and VTEM anomalies.
The other winter 2013 targets on VMS Ventures’ 100% owned properties vary in their specific characteristics, but all are associated with geophysical EM conductors generally with associated magnetic anomalies and within interpreted volcanic host rocks. More detail will be provided on these targets in the New Year.
Applications for drill permits have been submitted to the Manitoba government. After drilling is concluded, holes with favourable mineralization, alteration or geology, will be surveyed with down the hole TEM using Koop Geotechnical. Koop will utilize borehole pulse electromagnetic equipment manufactured by Crone Geophysics.
About VMS Ventures Inc: www.vmsventures.com