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DRILL HOLE RD-08-64
INTERSECTS 14.47 METRES OF 3.27% COPPER, AT REED LAKE DISCOVERY ZONE, SNOW LAKE
MANITOBA
October
21,
2008
Vancouver, B.C., October 21,
2008 VMS Ventures Inc. (TSX-V: VMS) (the “Company”) is pleased to announce assay
results from drill holes RD-08-62, RD-08-63, RD-08-64 at its Reed Lake Discovery
Zone near Snow Lake, Manitoba.
Highlights:
-
RD-08-62 Intersects: 2.29 metres (7.51
feet) of 10.42% Copper
-
RD-08-63 Intersects: 3.36 metres (11.02
feet) of 4.51% Copper
-
RD-08-64 Intersects: 14.47 metres (47.47
feet) of 3.27% Copper
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TABLE ONE
REED LAKE DRILLHOLES*
RD-08-62, RD-08-63, RD-08-64
|
HOLE ID |
FROM
(m) |
TO
(m) |
INTERVAL
(m) |
COPPER
(%) |
ZINC
(%) |
SILVER
(g/t) |
GOLD
(g/t) |
|
RD-08-62 |
120.02 |
122.31 |
2.29 |
10.42 |
1.16 |
17.09 |
0.76 |
|
RD-08-63 |
119.10 |
122.46 |
3.36 |
4.51 |
0.90 |
11.20 |
0.54 |
|
RD-08-64 |
116.39 |
130.86 |
14.47 |
3.27 |
0.32 |
7.10 |
0.04 |
*True
Thickness unknown
Vice President of Exploration,
Dr. George Gale states: “Holes RD-08-62 and RD-08-64 were drilled approximately
30m west of the intercepts in the section containing holes 52, 53, 55, and 56.
Drill hole RD-08-63 was drilled within the section containing holes 57, 59 and
61. These holes provide further evidence for continuity of mineralization of
both the A lense (holes 62 and 63) and B lense (hole 64) between previously
announced drill holes along strike to the west.”
The Company is also pleased to
announce that, in accordance with the Company’s stock option plan, it has
granted to certain employees, consultants, directors and officers incentive
stock options to purchase up to an aggregate of 900,000 common shares
exercisable on or before October 21, 2013 at a price of $0.35
per share.
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 is updated as soon as assay results are released.
The link to visit our Corebox profile is:
http://www.corebox.net/properties/reed_lake/.
VMS Ventures Inc. is focused primarily on acquiring, exploring and developing
copper-zinc properties in the Flin Flon-Snow Lake VMS Belt. The Company also
holds the largest land package considered prospective for nickel-copper
mineralization at Lynn Lake, which is to date Canada’s third largest nickel
producing camp. The Company’s project portfolio consists of the Snow Lake VMS
project, the Lynn Lake Gabbros nickel-copper project, the Nickel Belt project,
the South Bay nickel-copper-cobalt PGE property, and the Eden Lake Carbonatite
Complex, Specialty Metals property. All VMS Ventures Inc. properties are located
in the mining friendly province of Manitoba, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal B.Sc.
President & Director
For further information contact:
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Keith Patey,
Director of Communications
Telephone: (604) 986-2020
Toll Free: 1-866-816-0118 |
Dale Paruk
Coal Harbor Communications
Telephone: (604) 662-4505
Toll Free: 1-877-345-3399 |
The TSX Venture exchange does not accept responsibility for the
adequacy or
accuracy of this release.
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