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DRILL HOLE RD-08-71 INTERSECTS 39.71 METRES
OF 4.04% COPPER, AT REED LAKE DISCOVERY ZONE, SNOW LAKE MANITOBA
November
26,
2008
Vancouver, B.C., November 26,
2008 VMS Ventures Inc. (TSX-V: VMS) (the “Company”) is pleased to announce
results from drill holes RD-08-68, RD-08-69, RD-08-70 and 71 at its Reed Lake
Discovery Zone near Snow Lake, Manitoba.
Highlights:
·
RD-08-71 Intersects: 39.71
metres (130.28 feet) of 4.04% Copper
TABLE ONE
REED LAKE DRILLHOLES*
RD-08-70 and RD-08-71
|
HOLE ID |
FROM
(m) |
TO
(m) |
INTERVAL
(m) |
COPPER
(%) |
ZINC
(%) |
SILVER
(g/t) |
GOLD
(g/t) |
|
RD-08-70 |
408.95 |
413.43 |
4.48 |
0.25 |
0.03 |
2.54 |
0.0 |
|
RD-08-71 |
282.03 |
285.03 |
3.0 |
0.36 |
0.88 |
4.2 |
0.01 |
|
RD-08-71 |
445.39 |
485.1 |
39.71 |
4.04 |
0.31 |
6.88 |
0.23 |
*True Thickness unknown
Vice President of Exploration,
Dr. George Gale states: “Hole RD-08-68 was drilled to test for mineralization
below hole RD-08-67. Hole RD-08-69, was designed to test the eastern extension
of the mineralization. These holes intersected only the mafic intrusion and did
not intersect either the A or B lense. No further holes will be drilled in that
area of the deposit, until a clearer geological picture and geophysical target
is developed. Holes RD-08-70 and RD-08-71 tested the western extension of both
the A and B lenses. Both drill holes intersected the A lense. Hole RD-08-71 also
intersected the central parts of the B lense, whereas hole RD-08-70 overshot the
top of the B lense. Holes 68 and 69 determined what may be the eastern extent of
the B lense. Holes 70 and 71 are on the western most section drilled to date.
Borehole geophysical surveys indicate that both lenses are still open to the
west of the section containing holes 70 and 71”.
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:
|
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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