NEWS !!!!Oct 01, 2008 06:30 ET
VMS Ventures Inc.: Drill HoleRD-08-61 Intersects 100.19 Metres of 3.59% Copper, Including 9.71Metres of 17.79% Copper at Reed Lake Discovery Zone, Snow Lake, Manitoba
VANCOUVER, BRITISHCOLUMBIA--(Marketwire - Oct. 1, 2008) - VMS Ventures Inc. (TSXVENTURE:VMS) (the "Company") is pleased to announce assay results fromdrillholes RD-08-58, RD-08-59, RD-08-60 and RD-08-61 at its Reed LakeDiscovery Zone near Snow Lake, Manitoba.
Highlights:
- RD-08-61 Intersects: 100.19 metres (328.70 feet) of 3.59% Copper
Including 40.50 metres (132.87 feet) of 7.79% Copper
Including 16.33 metres (53.58 feet) of 14.58% Copper
Including 9.71 metres (23.59 feet) of 17.79% Copper
- RD-08-58 Intersects: 26.74 metres (87.73 feet) of 2.51% Copper
Including 13.03 metres (42.75 feet) of 3.36% Copper
TABLE ONE
REED LAKE DRILLHOLES(i)
RD-08-58, RD-08-59, RD-08-60 and RD-08-61
------------------------------------------------------------------------
FROM TO INTERVAL COPPER ZINC SILVER GOLD
HOLE ID (m) (m) (m) (%) (%) (g/t) (g/t)
------------------------------------------------------------------------
RD-08-58 251.36 278.10 26.74 2.51 0.05 Pending Pending
------------------------------------------------------------------------
inc 259.80 272.83 13.03 3.36 0.06 Pending Pending
------------------------------------------------------------------------
RD-08-59 125.23 125.80 0.57 2.76 0.63 Pending Pending
------------------------------------------------------------------------
and 185.01 223.41 38.40 0.92 0.05 Pending Pending
------------------------------------------------------------------------
and 221.41 223.41 2.00 6.94 0.26 Pending Pending
------------------------------------------------------------------------
RD-08-60 326.22 327.10 0.88 2.40 0.90 Pending Pending
------------------------------------------------------------------------
and 331.88 332.56 0.68 1.15 0.07 Pending Pending
------------------------------------------------------------------------
RD-08-61 139.00 144.89 5.89 2.26 0.98 Pending Pending
------------------------------------------------------------------------
and 231.51 331.70 100.19 3.59 0.11 Pending Pending
------------------------------------------------------------------------
inc 231.51 272.01 40.50 7.79 0.07 Pending Pending
------------------------------------------------------------------------
inc 254.37 270.70 16.33 14.58 0.13 Pending Pending
------------------------------------------------------------------------
inc 254.37 264.08 9.71 17.79 0.14 Pending Pending
------------------------------------------------------------------------
and 372.32 373.25 0.93 3.61 0.51 Pending Pending
------------------------------------------------------------------------
(i) True Thickness unknown
Vice President of Exploration, Dr. George Gale, states, "Hole 61demonstrates that the B lense has potential to host exceptional coppergrades. The lower intersection at 372.32 m may very well represent thebeginning of a new and deeper B-type lense, which also occurs withinthe alteration zone rocks. We will continue to focus our investigationson locating the source for this mobilized mineralization."
All technical information in this release has been reviewed by Dr. George Gale, P.Eng., Vice President, VMS Ventures Inc.
VMS Ventures Inc. currently has a profile on Corebox.net which isupdated as soon as assay results are released. The link to visit ourCorebox profile is:
https://www.corebox.net/properties/reed_lake/.
VMS Ventures Inc. is focused primarily on acquiring, exploring anddeveloping copper-zinc properties in the Flin Flon-Snow Lake VMS Belt.The Company also holds the largest land package considered prospectivefor nickel-copper mineralization at Lynn Lake, which is to dateCanada's third largest nickel producing camp. The Company's projectportfolio consists of the Snow Lake VMS project, the Lynn Lake Gabbrosnickel-copper project, the Nickel Belt project, the South Baynickel-copper-cobalt PGE property, and the Eden Lake CarbonatiteComplex, Specialty Metals property. All VMS Ventures Inc. propertiesare located in the mining friendly province of Manitoba, Canada.