GREY:VMSTF - Post by User
Comment by
freeedom45on Jul 30, 2008 7:19pm
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Post# 15345581
Property Issue - NO Myth
Property Issue - NO MythIn response to Longon:
"Where do you guys keep getting the idea that there will be a change in the
property borders. I can't find this discussed in any VMS or HBM documents, it seems like a BB myth."
The following if from Sedar - MD&A for period ended November 30, 2007 (It's
NO Myth)
During the three months ended November 30, 2007 The Company announced the discovery of a Volcanogenic Massive Sulphide Deposit from a drill hole which intercepted 43.05 meters of mineralization grading 4.38% copper, 1.56% zinc, 0.85 g/t gold and 13.09 g/t silver. The mineralization was intercepted in the area of the property boundary between the Hudbay Claims and a Mineral Exploration Licence held by VMS Ventures and within the area of influence of claims optioned from W. Bruce Dunlop.
The extent to which the mineralization is located on the HudBay property is yet to be determined, but a review of the precise location of the claim line by the Provincial claims inspector is currently underway and results of this investigation are expected by summer..
Diamond drilling in the area of the discovery appears to have included drilling on the HudBay optioned property, though the exact number of metres will not be determined until the Claims Inspectors investigation of the claim boundary is completed.
That should clear things up on the "myth".
GLTA
Long on VMS