6:30 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 23, 2008 -- VMS Ventures Inc. (CDNX:VMS.V - News) (the "Company") is pleased to announce assay results from drillholes RD-08-54, RD-08-55, RD-08-56 and RD-08-57 at its Reed Lake Discovery Zone near Snow Lake, Manitoba.
Highlights:
- RD-08-55 Intersects: 61.96 metres (203.28 feet) of 5.96% Copper
Including: 20.83 metres (68.34 feet) of 9.13% Copper
Including: 7.15 metres (23.46 feet) of 16.51% Copper
- RD-08-56 Intersects: 19.87 metres (65.09 feet) of 3.25% Copper
- RD-08-57 Intersects: 2.04 metres (6.69 feet) of 7.73% Copper
TABLE ONE
REED LAKEDRILLHOLES(i)
RD-08-54, RD-08-55, RD-08-56 and RD-08-57
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FROM TO INTERVAL COPPER ZINC SILVER GOLD
HOLE ID (m) (m) (m) (%) (%) (g/t) (g/t)
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RD-08-54 384.79 388.79 4.00 0.40 0.12 Pending Pending
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and 400.81 402.51 1.70 0.17 2.45 Pending Pending
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RD-08-55 147.41 209.37 61.96 5.96 0.12 Pending Pending
------------------------------------------------------------------------
Inc 148.94 169.77 20.83 9.13 0.16 Pending Pending
------------------------------------------------------------------------
Inc 161.34 168.49 7.15 16.51 0.25 Pending Pending
------------------------------------------------------------------------
RD-08-56 252.54 272.41 19.87 3.25 0.56 Pending Pending
------------------------------------------------------------------------
Inc 266.76 272.41 5.65 6.33 0.24 Pending Pending
------------------------------------------------------------------------
and 297.36 303.25 5.89 0.66 0.02 Pending Pending
------------------------------------------------------------------------
RD-08-57 116.33 118.37 2.04 7.73 0.93 Pending Pending
------------------------------------------------------------------------
(i) True Thickness unknown
Vice President of Exploration, Dr. George Gale, states, "We are now seeing that the B lense pinches and swells along strike and down dip, but it continues to provide high-grade sections. The grade and thickness is particularly encouraging as this mineralization appears to be mobilized material from some yet to be identified mineralized body. The exploration team is not only exploring the extents of the Discovery Zone mineralization, but also looking for targets which may represent the source to the mineralization discovered to date."
EXPLORATION UPDATE (outside of the Discovery Zone)
VMS Ventures is now compiling and interpreting the results of its 2008 summer geochemical program. The survey involved ground geochemical sampling over selected airborne geophysical anomalies and other areas of interest on the Company's extensive property package, all of which is prospective for additional VMS deposits in the prolific FlinFlon-SnowLake greenstone belt. Preparation and target planning for the 2009 winter drill program on these properties is underway.