Good news for HaloVMS drills five holes, finds no copper at Copper
2010-07-02 06:59 ET - News Release
Mr. John Roozendaal reports
FIRST DRILL PROGRAM AT THE COPPER PROJECT; SUMMER EXPLORATION PLANS FOR SNOW LAKE, MANITOBA PROPERTIES; DON WHALEN JOINS BOARD OF DIRECTORS
VMS Ventures Inc.'s first round of drilling at the Copper project has been completed, and no significant economic mineralization was intercepted in the five holes drilled. All geophysical targets were explained by the drill program, which intersected thick sections of conductive graphite-rich sedimentary rock units. The area of the first drill program is roughly two kilometres by three km, and is a small portion of the 35 km by 11 km Copper project.
This first drill program focused on targets that occur on the northeast section of the property in a geological environment dominated by chemical and clastic sedimentary rocks. In the Snow Lake area these rocks host zinc-rich base metal massive-sulphide-type deposits, but are not the typical volcanic host rocks to the copper-zinc deposits mined in the Flin Flon-Snow Lake camp.
It is amazing that HLO has such super economic mines with MC at only 6.0Miliion (VMS is 25 Million Market Cap)
Wow !!! Dont understand and can't believe HLO's Manegement !!!
Happy Canada Day!!!
Oh Canada! 21 Beavers!!!!