VMS VENTURES INC. VMSTF

discovery-investing.com

[willex]

Middelkoop Discovery Alert VMS Ventures (VMS.V) Shares o.s. 72mln Market cap C$ 52 mln “ Significant discovery of volcanogenic massive sulphide ” Hello all, After the publication of “what appears to be a significant discovery” at their Reed Lake property of “volcanogenic massive sulphide (VMS) mineralization approximately 15 km west of the former Spruce Point Mine”, the company just released the assay results for hole RD-02, after trading has been halted for some days. These results confirm VMS has made a significant discovery, which will attract a lot of attention. While shares are up almost 100% since our discovery alert, send out September 23th, more gains can and will be made in the future given the current market cap of around 50 million dollars. How to play this Trading will resume later today and I will sell half of my shares in the next few days. VMS is currently my largest position and by selling half at a 100% gain I will try to ride the rest of the trip for free. Use all dips in case you don’t own shares yet and you can buy a initial position today. Full Press Release 10.50 Metres of 11.19% Copper Within 43.05 Metres of 4.38% Copper in Drill Hole 2, at VMS Ventures Reed Lake Property, Snow Lake, Manitoba Thursday October 4, 2:13 pm ET VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Oct 4, 2007 -- VMS Ventures Inc. (CDNX:VMS.V - News) (the "Company") is pleased to announce assay results (weighted average) from drill hole RD 07-02 on its new discovery on its Reed Lake project, near Snow Lake, Manitoba. HIGHLIGHTS HIGH-GRADE COPPER-RICH INTERVALS: - 2.50 METRES (8.2 FEET) OF 15.30% COPPER within - 10.50 METRES (34.4 FEET) OF 11.19% COPPER within - 22.25 METRES (72.9 FEET) OF 7.75% COPPER within - 43.05 METRES (141.2 FEET) OF 4.38% COPPER Vice-President of Exploration, Dr. George Gale, states, "Obviously we are encouraged by the copper grades in this drill hole, but I think it is also important to note we have results for gold, silver and zinc that are consistent with the historic and producing VMS mines in the Flin Flon - Snow Lake Belt." --------------------------------------------------------------------------- From To Interval Cu Zn Au Ag Drill Hole Zone (metres) (metres) (metres) % % g/t g/t --------------------------------------------------------------------------- RD 07-02 197.75 240.8 43.05(i) 4.38 1.56 0.85 13.09 --------------------------------------------------------------------------- including Cu/Au/Ag 207.25 229.50 22.25(i) 7.75 0.83 1.40 22.79 --------------------------------------------------------------------------- including Cu/Au/Ag 219.00 229.50 10.50(i) 11.19 1.39 1.62 29.26 --------------------------------------------------------------------------- including Cu/Au/Ag 222.50 225.00 2.50(i) 15.30 1.26 1.97 37.99 --------------------------------------------------------------------------- including Zn 229.50 240.80 11.30(i) 0.51 4.25 0.26 2.69 --------------------------------------------------------------------------- and 247.25 251.60 4.35(i) 0.93 1.54 0.05 3.81 --------------------------------------------------------------------------- (i) True width will not be determinable until further drill holes are completed. (For the purposes of converting the interval lengths to imperial measurements note that one-metre is equal to 3.28 feet. The mineralized zone of 43.05 metres is equal to 141.24 feet in length.) RD 07-02 was drilled to a total depth of 270 metres. This mineral discovery is within an 800 metre long southwest-trending VTEM anomaly. The VTEM anomaly is on the Company's Mineral Exploration License (MEL) #268A and the Company's optioned HudBay Minerals property (Toronto:HBM.TO - News). The location and extent of the geophysical VTEM conductor, as well as the property locations, can be viewed on the Company's website at https://www.vmsventures.com/image018.asp. Pictures of drill core can also be viewed on the Company's website at https://www.vmsventures.com/RLP_Sept2007.asp. VMS Ventures is planning for the arrival of a drill rig this month to commence a second phase of drilling on its discovery zone and other weather accessible targets on the property. Drill permitting for a larger winter program to investigate targets inaccessible prior to freeze-up will follow. The Company is analyzing VTEM results to develop similar drill targets at its Copper and Sails Lake VMS properties. In addition, geological mapping and sampling continue on its Puella Bay copper-zinc property. The company plans to utilize the VTEM technology to fly all its southern VMS and Nickel properties before the end of 2007. The Reed Lake volcanogenic massive sulphide (VMS) mineralized zone is overlain by distinctive layers of magnetite and chert. The rocks that underlie and contain the sulphide are moderately to intensely altered felsic volcanic rocks. The Reed Lake mineralization is typical of other VMS deposits including those in the prolific Snow Lake camp and the nearby Spruce Point mine, formerly operated by HudBay Minerals. All technical information in this release has been reviewed by Dr. George Gale, P.Eng, the Qualified Person, Vice President of Exploration and director of VMS Ventures Inc. All samples have been prepared and analyzed at TSL Laboratories in Saskatoon, Saskatchewan using ICP-MS, and Fire Assay analytical methods. 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 land package considered prospective for nickel-copper mineralization at Lynn Lake, which is to date 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 Nickel Belt 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. ON BEHALF OF THE BOARD OF DIRECTORS John Roozendaal B.Sc., President & Director The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. Contact: Contacts: VMS Ventures Inc. Keith Patey Director of Communications [phone] or Toll Free: 1-866-816-0118 Website: https://www.vmsventures.com Coal Harbor Communications Steve Kubota [phone] or Toll Free: 1-866-405-3955 Company background VMS Ventures has the second largest land position in Manitoba’s prolific Flin Flon - Snow Lake Volcanogenic Massive Sulphide (VMS) belt. The largest is held by Canada’s HudBay Minerals (HBM-TSX) with mines and mills in both Flin Flon and Snow Lake. More than 20 VMS deposits, rich in copper-zinc as well as gold and silver, have been discovered in this belt. To date, it has produced ore worth more than $29 billion. The belt’s average 5 million tonne VMS deposit has a gross metal value of over $1.5 billion. All the best, Willem Middelkoop, October 4th 2007