GREY:VMSTF - Post by User
Post by
axegirl1on Aug 31, 2010 8:25pm
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Post# 17402128
Drill results- a story worth re-telling
Drill results- a story worth re-tellingWho can forget these results? Nothing short of stunning. Incredible. A very high grade copper deposit. That's for sure- And for sure - there's more where that came from.............
VMS Ventures (VMS : TSX-V :
.71), Net Change: 0.10, % Change: 16.39%, Volume: 4,536,515
Making snow angels. Like kids playing on snow day, investors jumped into shares of VMS after the company provided
impressive drill results from its Reed Lake Discovery Zone near Snow Lake, Manitoba: Highlights included: RD-08-38
intersected 35.81 metres of 2.22% copper, including 12.10 metres of 2.92% copper; RD-08-39 intersected 13.88 metres of
3.56% copper, including 4.10 metres of 7.67% copper; RD-08-41 intersected 33.46 metres of 10.36% copper, including 18.08
metres of 13.03% copper, including 5.00 metres of 16.30% copper. Commenting on the most recent results, VMS' VP
Exploration Dr. George Gale said, "The results from drill hole RD-08-41 indicate that there are very high-grade copper sections
to this deposit. It is also noteworthy that this is the deepest intersection of mineralization to date at approximately 350 m from
surface." The company also stated that drilling continues at the Discovery Zone and at the Tower Zone and results will be
released as received. According to Bloomberg, as of June 30, 2008, VMS has 107.54 million shares outstanding