RE: RE: At the mining showNo step out drilling yet.
https://vmsventures.com/Investors/Presentations/default.aspx
Go to page 16 of the presentation.
Have assays from line 1 and 2 back. Should be released next week. Line 1 only has 2 holes drilled as it was done to confirm that the deposit does not extend to the east. Line 2 has 4 holes done.
Lines 5 and 6 have been drilled but no aassays yet.
One could argue that line 6 will be somewhat of a step out drill as it may tell us a little more about both zone A and B.
The deposit dips 65 degrees to the north.
For you geos out there:
Dr.A.H.Bailes(Bailes Geoscience) and E.Guiboche(VMS Ventures)
Paraphrased-The Reed Lake Discovery Zone flows, which strike west-northwest and dip steeply north, are arc tholeiites, belong to the >1.883 Ga Fourmile Island Assemblage,and are qeochemically idenical to basalt flows hosting the Fourmile Island base metal deposit and the DickstoneCu-Zn mine.
As it stands now HBM feels that the VMS deposit has roughly 2-3 million tonnes of copper. Anticipating grade of 4% cu and 1% Zn. I think I got this part right.
If you go to the latest BTV propaganda, 5 million tonnes seems to be the sweet spot.
https://www.b-tv.com/i/videos/VMSVenturesNov10.wmv.