The Company's key asset is the Reed Lake Project where a high grade Copper discovery was made in 2007. VMS Ventures’ Joint Venture partner HudBay Minerals (HBM:TSX) is presently conducting work and approval was granted by the Manitoba Government for the Reed Copper Advanced Exploration Permit (AEP) in January 2012. This will allow for the extraction of a 10,000 tonne bulk sample by Q2-Q3 2013. At present, VMS’ Geological team is focusing on searching for new discoveries on its 100% owned property portfolio in the Flin Flon – Snow Lake greenstone belt, which is the most prolific Proterozoic VMS belt in the world with over 20 producing and past producing Cu-Zn-Au-Ag deposits.
VMS has acquired prospective properties in Sudbury, Ontario and work commenced on those properties in 2011.
Below the property map image is our 2011 to 2012 work schedule for our Manitoba properties.