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VMS VENTURES INC. VMSTF

Metals & Mining Industrial Metals & Minerals


GREY:VMSTF - Post by User

VMS VENTURES INC.
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Comment by axegirl1on Apr 30, 2010 1:17pm
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Post# 17049412

RE: RE: VOL-no drills turning.......

RE: RE: VOL-no drills turning.......The drill is not turning.  Negotiations on JV deal with HBM going and and should be finished ahead of shedule.
The drilling has halted because HBM will be taking over.  Old news already. VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") is pleased to report that its 100% owned Copper Project will be the focus of the Company's next drill program, expected to begin before the end of April, 2010. As well, the Company, with the signing of the Letter of Intent (LOI) with HudBay Minerals (TSX: HBM) as announced March 4, 2010, has halted its phase 2 drill program at the Tower Zone. The LOI with HudBay contemplates the optioning of certain exploration properties in the Reed Lake area and, so, VMS has stopped exploration on those properties during final negotiations
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