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VMS Venture - Kurssprung voraus ( Seite 3)

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eröffnet am 11.12.10 19:10:18
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VMS Ventures

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WKN: A0MJYS
ISIN: CA91828R1091
Symbol: R4E
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schrieb am 17.03.11 11:54:17
Beitrag Nr.21 
(41.223.268)
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Zitat
VMS Reports 50.08 Metres of 6.85% Copper in Hole RLD030 at Reed Lake JV, Indicating Continuity of Mineralization Between the Known Mineralized Body and Step Out Hole RLD015

Reed Lake Assay Data:

Hole Number From (m) To (m) Length (m) Cu % Zn % Au (g/t) Ag (g/t) Zone
RLD027 540.40 548.47 8.07 4.04 0.74 1.01 8.02 10

RLD028 539.77 550.00 10.23 2.18 0.15 0.82 5.05 10

RLD029 405.06 443.51 38.45 4.35 0.07 0.14 2.92 10

RLD030 471.70 521.78 50.08 6.85 0.20 0.80 9.08 10

http://www.vmsventures.com/Newsroom/Press-Releases/Press-Rel…

STRONG WATCH:eek:
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schrieb am 17.03.11 12:01:15
Beitrag Nr.22 
(41.223.332)
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schrieb am 17.03.11 12:37:28
Beitrag Nr.23 
(41.223.616)
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Top!!!!

hoffe das geht nicht unter .........
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schrieb am 22.03.11 11:59:25
Beitrag Nr.24 
(41.246.742)
Antwort
Zitat
VMS Updates Progress With Ongoing Exploration Programs on Its 100% Owned Flin Flon-Snow Lake Greenstone Belt Properties, Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 22, 2011) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS") is pleased to update its shareholders on the Company's ongoing exploration programs at its extensive 100% held property package in the Flin Flon – Snow Lake Greenstone Belt, Manitoba, Canada.

VMS EXPLORATION PROPERTIES

Copper Project

Drill testing of target anomalies scheduled for initial drilling in winter 2011 is now complete. A total of 2,560 metres were drilled in 7 holes on the Company's Copper project located approximately 30 km south of the mining community of Snow Lake, Manitoba. Drill core samples have been sent for base and precious metal assays with results expected in a few weeks.

Cowan River

The drill is now on the Cowan River project located 45 kilometres southeast of the town of Snow Lake and 8 kilometres east of Reed Lake JV/Option Property currently being explored by partner HudBay Minerals Inc. (TSX:HBM)(NYSE:HBM). VMS Ventures plans to drill three targets on this MEL based primarily on VTEM airborne geophysical anomalies with positive conductivity and associated magnetic signatures typical of all the base metal mines in the Snow Lake Greenstone Belt.

Morton Lake

The Morton Lake project is located 25 km west of Snow Lake and within 500 metres of the past-producing Dickstone copper-zinc deposit. A deep-penetrating, ground based Time Domain Electromagnetic geophysical survey was completed by Koop Geotechnical Inc. during the first quarter of 2011. The 54 line kilometre survey assessed a long portion of favourable stratigraphy that hosted the nearby Dickstone copper-zinc deposit. Geotech Ltd. completed 340 line kilometres "Versatile Time Domain Electromagnetic" (VTEM – plus) airborne survey over the southern claim blocks. Upon review of the anomalies, a Mobile Metal Ion soil geochemistry survey will be completed and integrated into the drill targeting process.

Farwell

The Farwell project surrounds the McClarty Lake project of Troymet Exploration Corporation who announced a discovery on May 15, 2008 returning 1.47% zinc and 0.31% copper over 43.05 metres, including 3.46% zinc over 15.3 metres. Geotech Ltd. completed 3,581 line kilometres of (VTEM – plus) over the project in preparation of follow-up geochemical survey "Mobile Metal Ion" (MMI) and diamond drilling. VMS will determine its exploration strategy after Troymet's drilling is completed and announced.

Sails Lake

On January 11th 2011, the Company announced a gold discovery at its Sails Lake project featuring an intercept of 56.89 metres (186.65 feet) grading 1.21 grams/tonne gold. The mineralized zone occurs within 40 metres of surface.

A follow-up program of line-cutting and Induced Polarization (IP) geophysical surveys is now underway. Follow-up diamond drilling is proposed upon completion of the IP survey. Detailed geological mapping, prospecting for additional outcropping mineralization and Mobile Metal Ion geochemical soil sampling are planned for the spring/summer.

In 2011 approximately 12,000 metres of diamond drilling is planned for new base metal and gold targets throughout the Snow Lake property package.

About VMS Ventures Inc.

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed Lake Project, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned three properties in the Sudbury mining camp. They are Terra Incognita, Golden Pine and Black Creek.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark, CEO VMS Ventures Inc.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact

VMS Ventures Inc.
Keith Patey
Director of Communications
(604) 986-2020 or Toll Free: 1-866-816-0118
www.vmsventures.com
or
Launch IR
Matt Harrington or Dean Hanisch
(613) 882-7467
Click here to see all recent news from this company
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schrieb am 01.04.11 12:38:11
Beitrag Nr.25 
(41.303.241)
Antwort
Zitat
VMS Announces NI 43-101 Mineral Resource for the Reed Lake Deposit at 2.55 Million Tonnes @ 4.52% Copper in the Indicated Category/HudBay and VMS Drilling Continues

http://www.marketwire.com/press-release/VMS-Announces-NI-43-…

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 1, 2011) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS") and Joint Venture partner HudBay Minerals Inc. (TSX:HBM)(NYSE:HBM) ("HudBay") are pleased to announce a National Instrument 43-101 compliant resource estimate at the Reed Lake polymetallic deposit, near Snow Lake, Manitoba.

Reed Lake Copper Project (1-5)

.................
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schrieb am 17.05.11 16:06:02
Beitrag Nr.26 
(41.514.929)
Antwort
Zitat
:eek::eek:


VMS Reports Discovery of New High Grade Copper Zone Grading 7.44% Copper Over 7.18 Metres in Hole RLE006 Located 1.8 Kilometres Northeast of the Reed Copper Deposit


May 17, 2011 (Marketwire Canada) --

VANCOUVER, BRITISH COLUMBIA -- VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS") is pleased to announce the discovery of high grade copper on its Super Zone property. Hole RLE006 intersected two zones of mineralization within a bimodal (rhyolite / basalt) volcanic sequence located 1.8 kilometres northeast of the Reed Copper Deposit.

The first zone intersected 7.18 metres of 7.44% copper (from 133.89 to 141.07 metres) and a second zone intersected 44.49 metres of 0.79% copper and 0.39% zinc (from 214.00 to 258.49 metres). The initial hole in this zone was RLE004 targeting a 1 kilometre long VTEM airborne anomaly with coincident magnetics. This hole intersected 0.34 metres grading 5.41% Cu. The follow-up borehole pulse electromagnetic survey indicated two conductive targets and was followed up with discovery hole RLE006.

The Super Zone property is part of a parcel of properties adjacent to the Reed deposit which are under option to VMS' joint venture partner HudBay Minerals Inc. (TSX:HBM)(NYSE:HBM) ("HudBay"). HudBay has the right to earn a 70% joint venture interest in the option properties and, upon earning such interest, VMS would retain a 30% interest.

Neil Richardson, VMS' Chief Operating Officer states: "We are very excited with the potential of this high grade copper discovery on our Super Zone property. All of the largest deposits in the belt are associated with bimodal volcanism and this has all the earmarks of such a discovery. This discovery signifies the potential of a new camp emerging with our partner HudBay. HudBay is continuing exploration with two diamond drills testing geophysical and geological targets on the option properties. VMS management would like to congratulate the HudBay technical team for this discovery, which took place in their first drill program on the property."

Option Properties Assay Data:
Hole Number From (m) To (m) Length (m) Cu % Zn % Au (g/t) Ag (g/t)
RLE004 275.87 276.21 0.34 5.41 0.27 1.58 26.74
RLE006 133.89 141.07 7.18 7.44 0.23 0.48 7.57
214.00 258.49 44.49 0.79 0.39 0.16 1.58
RLE001-003 and RLE005 No Significant Assays
True widths unknown

Option Properties Collar Information:
Hole Number UTM East (1) UTM North (1) UTM Elevation (1) Azimuth (2) Dip Length (metres)
RLE001 393334.00 6048883.00 296.00 45.00 -55.00 599.00
RLE002 396086.00 6049836.00 295.00 120.00 -75.00 254.00
RLE003 392804.00 6048779.00 295.00 130.00 -60.00 260.00
RLE004 395050.00 6050455.00 295.00 317.00 -60.00 397.00
RLE005 396049.00 6049452.00 295.00 130.00 -60.00 149.00
RLE006 395050.00 6050455.00 295.00 335.00 -55.00 341.00
(1) Universal Transverse Mercator / North American Datum 1983 / Zone 14
(2) "Azimuth" is degrees from True North

Reed Copper Project Joint Venture

A preliminary economic assessment and technical activities required for permitting, including metallurgical and geotechnical testing and mine design, are underway with the expectation of a construction decision by year-end.

On July 6, 2010 VMS and HudBay announced they had entered into a joint venture agreement in which HudBay and VMS have 70% and 30% interests, respectively, in the Reed Copper Project property and two claims immediately south of the deposit. The parties have also entered into four option agreements which grant HudBay the right to earn a 70% interest in properties held by VMS and adjacent to the Reed property.

For additional details on the Reed deposit, see VMS' NI 43-101 compliant technical report entitled "Technical Report Reed Deposit, Central Manitoba, Canada" dated March 31, 2011.

Qualified Person

All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the Company and Vice President of Exploration and Technical Services, VMS Ventures Inc.

Quality Assurance and Quality Control

Exploration core drilling was NQ size. The core was logged and mineralized intersections were marked for sampling and assaying by geologists and geotechnicians employed by HudBay's Hudson Bay Exploration and Development Company Limited (HBED) subsidiary. The marked intersections or intervals were sawn in half by a diamond saw and one half of the core was placed in plastic bags and tagged with unique sample numbers, while the second half was returned to the core box and stored. Each bagged core sample was transported to HudBay's Hudson Bay Mining and Smelting Co., Limited (HBMS) subsidiary's assay laboratory in Flin Flon, Manitoba where it was dried, crushed and pulverized and a 250-gram sample was prepared for assaying at Acme Analytical Laboratories Ltd., an independent company in Vancouver, B.C., or the HBMS assay laboratory. From each 250 gram sample 0.25 grams was removed and leached in aqua regia and analyzed by ICP-AES for Ag, Cu, Zn, As, Pb, Ni and Fe. Also from the 250 gram sample, 30 grams were removed for gold determination by fire assaying with an ICP-AES or gravimetric finish at the Acme laboratory or an Atomic Absorption or gravimetric finish at the HBMS laboratory.

Assaying integrity is monitored internally with a quality control program, which includes the use of assay sample standards, blanks, duplicates and repeats and externally through national and international programs. In addition, within each group of 20 core samples, one core sample has a second 250 gram split collected that was check assayed at a different laboratory, either the HBMS laboratory in Flin Flon or at the Acme laboratory in Vancouver, B.C. This news release provides core lengths and estimates of vertical thickness only. True widths are not provided. Where metal assays are provided for intersections they are either a single assay of a sample of the entire intersection length or a composite of assays calculated from interval weighted assays over the intersection length.

About VMS Ventures Inc.

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed Copper Project, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned three properties in the Sudbury mining camp. They are Terra Incognita, Golden Pine and Black Creek.

Forward Looking Statement

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. VMS Ventures Inc. undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal, President, VMS Ventures Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

VMS Ventures Inc.
Director of Communications
(604) 986-2020 or Toll Free: 1-866-816-0118

www.vmsventures.com

Launch IR

(613) 882-7467



Launch IR

(613) 882-7467




RT....cad 0,66



:cool::lick::look:
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schrieb am 24.01.12 14:31:45
Beitrag Nr.27 
(42.639.282)
Antwort
Zitat
Antwort auf Beitrag Nr.: 41.514.929 von hbg55 am 17.05.11 16:06:02:eek::eek:


VMS Ventures Provides Exploration Target Update at the Reed Copper Deposit and Option Properties Near Snow Lake, Manitoba


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2012) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS") is pleased to announce an exploration update on targets around the Reed Copper deposit and four option properties.

The Reed Copper deposit is located 120 kilometres from Flin Flon, Manitoba and is the subject of a Joint Venture with HudBay Minerals (TSX:HBM)(NYSE:HBM) ("HudBay"). VMS owns 30% of the Reed Joint Venture.

VMS Ventures COO Neil Richardson, states: "2012 promises to be an exciting year with exploration and development planned for the Reed Copper deposit and surrounding exploration properties. The HudBay and VMS joint management committee have approved a budget for a 4,000 metre diamond drill program focusing on targets around the Reed Copper deposit and an additional 4,000 metres on the option properties, with a primary focus on the Reed North target.

Recent work by VMS and HudBay has resulted in the discovery of two additional mineralized zones within our option properties. These recent discoveries are further evidence supporting our belief in the camp scale potential at the Reed project. The drilling will occur as soon as freeze-up and site preparation is completed."


Reed Copper Deposit

The copper rich lens (Zone 10) at the Reed Copper deposit is still open down plunge. A proposed hole will be collared south of the deposit targeting the mineralization horizon approximately 600 metres below surface (see figure 1). Drill site preparation is on-going, but start-up is expected to be delayed due to the unusually mild winter weather and significant snow accumulation thus far. Additional targets are located just north of the deposit and are spatially associated with drill holes RD-08-45, RLD037 and RD-08-42DNP. Hole RD-08-42DNP is being re-surveyed with borehole time-domain geophysics using two different loop configurations to accurately determine the location of the anomaly for drill testing this winter.

To view Figure 1 click on: http://media3.marketwire.com/docs/vms1.jpg

Option Properties

VMS and HudBay are parties to four option agreements which grant HudBay the right to earn a 70% joint venture interest in properties held by VMS adjacent to the Reed Copper deposit. Among the exploration results from the option properties is the Reed North discovery, located 1.8 kilometres north of the Reed Copper deposit, which included 7.18 metres grading 7.44% Cu, 0.23% Zn, 0.48 g/t Au and 7.57 g/t Ag in hole RLE006 (see figure 2).

To view Figure 2 click on: http://media3.marketwire.com/docs/vms2.jpg

A borehole pulse EM survey compilation done for VMS by Koop Geotechnical outlined the Reed North multi-lens base metal discovery. To date, fourteen holes have been completed on this new discovery mainly focusing on the western portion of the anomaly. Whole rock geochemical analysis on the drill core indicates that the Reed Copper deposit and the Reed North zone are within the same lithological unit. This horizon is now the focus of an extensive TDEM geophysical survey planned for this winter between the Reed Copper and Reed North zones. HudBay will continue its drilling campaign focusing on the down plunge projection of the mineralized lens.

A second target area of interest is located 3.4 km to the northwest of the Reed Copper deposit. Drill holes RLE008 and RLE020 intersected base metal values of up to 3.34% copper and 2.94% zinc. A borehole pulse EM survey outlined a 400 metre long by 230 metre high modeled plate with hole RLE020 piercing the upper edge of this anomaly. This plate is largely un-tested and is also being considered for drilling within this winter's option property budget/plan.

A third area of interest is a surface pulse time-domain EM anomaly which is located between the historic Highway zone (discovered by Freeport McMoRan in 1970's) and the Reed Copper deposit. This 500 metre long anomaly was detected within favourable volcanic rocks and remains un-tested. The next step for this target is to construct a 3-D model of the anomaly to support in the design of the drill hole platform (see figure 3).

To view Figure 3 click on: http://media3.marketwire.com/docs/vms3.jpg

HudBay is currently working on winter road construction for diamond drilling and geophysical surveys with anticipation of drilling starting in the coming weeks.

Additional details on the NI 43-101 geological resource or the Preliminary Economic Assessment of the Reed Lake Copper deposit are available at www.sedar.com.

Qualified Person

All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo., who is the Qualified Person for the Company and Vice President of Exploration and Technical Services, VMS Ventures Inc.

About VMS Ventures Inc.

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed Lake Project, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned three properties in the Sudbury mining camp. They are Terra Incognita, Golden Pine and Black Creek.

Forward-Looking Statement

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. VMS Ventures Inc. undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal, B.Sc., President

VMS Ventures Inc.


:):look:
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schrieb am 02.02.12 10:38:31
Beitrag Nr.28 
(42.686.022)
Antwort
Zitat
PRESS RELEASES 2/1/2012 4:31:34 PM | Marketwire News
VMS Ventures to Raise $2,000,000 in Flow-Through Funds
February 1, 2012 - 04:31:34 PM VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2012) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS") is pleased to announce that it plans to raise up to $2,000,000 through the offer and sale of 4,444,444 flow-through shares ("Flow-Through Shares") of VMS (the "Offering"). The Flow-Through Shares shall be offered at a price of $0.45 per share.

The closing of the Offering is expected to occur on, or about, February 22, 2012 and is subject to the completion of formal documentation and receipt of regulatory approval, including the approval of the TSXV.

The proceeds of the financing will be used to incur eligible Canadian Exploration Expenses, as defined under the Income Tax Act (Canada), that will be renounced in favour of the purchasers with an effective date of no later than December 31, 2012.

The Company may pay finder's fees in accordance with the policies of the TSXV in connection with the placement.

The funds are intended to be used to explore and advance VMS's 100%-owned mineral properties in Manitoba, Canada.
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schrieb am 08.02.12 15:05:04
Beitrag Nr.29 
(42.719.655)
Antwort
Zitat
PRESS RELEASES 2/8/2012 6:30:00 AM | Marketwire News
VMS Ventures Trenching Program Returns Assays of Up to 61.73 g/t Gold at Its Sails Lake Property Near Snow Lake, Manitoba
February 8, 2012 - 06:30:00 AM VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2012) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS") today announced results from a mechanical trenching, outcrop power washing, mapping and sampling program at its 100% owned Sails Lake Property in northwestern Manitoba.

Neil Richardson, VMS' Chief Operating Officer, states: "I am pleased with the results from our channel sampling program at Sails Lake and look forward to incorporating these results into our 3D IP/geological model. The Long Zone mineralization is still open to the east and high grade samples from the M-Zone are not drill tested. Both areas warrant follow-up work."

The program was carried out in August of 2011 in three main areas of the property named the Long Zone, M-Zone and the E-Zone. Each area consists of numerous large trenches that expose gold mineralization in association with quartz vein and bedrock-hosted blocky and acicular arsenopyrite. Host rock to the gold mineralization is a multi-phase tonalite-gabbro intrusion. The mineralized zones are marked by Induced Polarization (IP) chargeability anomalies and well developed Mobile Metal Ions soil geochemical anomalies.

The Long Zone trench uncovered two sets of quartz veins. One set trends in a northeasterly direction, is mineralized with arsenopyrite and appears to be the host for the gold mineralization with values of up to 61.73 g/t gold. The second set trends north-northwesterly and is barren. Two previous holes drilled by VMS beneath the Long Zone trench assayed 1.21 g/t gold over 58.89 metres core length (DDH SA-10-007) and 1.48 g/t gold over 13.41 metres core length (DDH SA-11-013). Channel sample results from the current program will be incorporated with our 3D IP data and drill data in the upcoming months. Two additional trenches were excavated at locations 35 metres and 75 metres from the main trench at the Long Zone. These new trenches uncovered a large broad northeast-trending shear zone with lesser gold values of up to 0.31 g/t. This shear zone is interpreted to be a late feature and unrelated to the main gold mineralizing event.

The M and E Zone trenches exposed gold mineralization associated with quartz veins in a tonalite intrusion with values of up to 13.58 g/t. These gold values are associated with blocky to acicular arsenopyrite and similar to the Long Zone mineralization. Gold values are generally sporadic and correspond with the amount of quartz veins observed in outcrop. These veins are quartz-filled tension gash structures developed at the boundaries of the multi-phase tonalite intrusion.

The Sails Lake property is located 25 km east of the mining community of Snow Lake, Manitoba and consists of 8 claim blocks covering an area of approximately 1,900 hectares. Additional follow-up work on this project is warranted and will be reviewed in the upcoming months.

For additional details on exploration on our Sails Lake property, see VMS' press releases issued between January 24, 2007 and September 9, 2011, available at www.vmsventures.com.

Qualified Person

All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo., who is the Qualified Person for the Company and Vice President of Exploration and Technical Services, VMS Ventures Inc.

Quality Assurance and Quality Control

Geological mapping was carried out at 1:100 scale by geologists and geotechnicians employed VMS Ventures Inc. Channel samples were marked on outcrop with spray paint and samples were cut with a portable diamond saw approx. 4cm thick and 5cm deep with the maximum sample length of 1.2 metres, but average 0.60 metres. The channel samples were then placed in plastic bags and tagged with a unique sample number. A metal tag with the sample number was placed in cross slots at the end of samples for future reference. Chemical analyses reported in this press release were performed by TSL Laboratories in Saskatoon, SK, where it was dried, crushed and pulverized and a 250-gram sample was prepared for assaying. Gold was analyzed by fire assay Atomic Absorption using a 30g charge, with gravimetric finish for assays greater than 3 g/t. Sampling and analytical procedures are subject to a comprehensive Quality Assurance and Quality Control program that includes blanks and analytical standards.
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schrieb am 18.02.12 10:30:11
Beitrag Nr.30 
(42.771.240)
Antwort
Zitat
VMS Ventures Drills 8.90 Metres of 1.00 g/t Gold in Hole BC-11-002 and Mechanical Trenching Uncovers Base Metal Showing on its Black Creek Project Near Sudbury, Ontario

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/14/12 -- VMS Ventures Inc. (TSX VENTURE: VMS) ("VMS") is pleased to announce the results of a two-hole drill program and mechanical trenching on its 100%-owned Black Creek property. Two new zones of mineralization have been discovered.

Neil Richardson, VMS' Chief Operating Officer, states: "I am pleased with the results from our first phase of drilling and channel sampling on the Black Creek project. The VTEM anomaly tested by BC-11-002 has a strike length of 900 metres and is open at depth. The new base metal showing indicates the potential of a permeable breccia zone along the margin of the Cartier Batholith. Additional work is planned for 2012, including additional drilling, trenching and prospecting."

A total of 342 metres were drilled to test two separate Versatile Time-Domain Electromagnetic (VTEM) airborne geophysical anomalies with coincident magnetic highs. Hole BC-11-002 intersected 8.90 metres of 1.00 g/t Au, in a heterolithologic fragmental unit at the contact with an oxide to sulphide facies iron formation. Locally, the oxide facies iron formation is sulphidized and is mineralized with pyrite, pyrrhotite and minor chalcopyrite. A sulphide rich interval within the iron formation assayed 2.43% copper over 0.40 metres.

A new base metal showing was discovered in the central portion of the property by prospector John Brady. An excavator was utilized to remove overburden, followed by power washing of the outcrop, geological mapping and channel sampling. Highlights from the channel sample assays include 4.77% zinc, 1.17% copper, 23 g/t silver and 0.85% lead. This fracture-controlled mineralization is hosted by a gossanous andesitic unit within an intrusive marginal breccia zone of the Cartier Batholith, see figure #1 below.

To view Figure 1 associated with this news release, please click the following link: http://media3.marketwire.com/docs/VMSFig%201.pdf.

Black Creek Assay Data

----------------------------------------------------------------------------
Hole
Number From (m) To (m) Length (m) Cu % Zn % Au (g/t) Ag (g/t) Zone
----------------------------------------------------------------------------
BC-11-001 No Significant Assays
----------------------------------------------------------------------------

----------------------------------------------------------------------------
BC-11-002 70.10 79.00 8.90 0.01 0.01 1.00 1.00 10
----------------------------------------------------------------------------
(i) True widths unknown


Black Creek Collar Information

----------------------------------------------------------------------------
UTM
UTM UTM Elevation Azimuth Length
Hole Number East (1) North (1) (1) (2) Dip (metres)
----------------------------------------------------------------------------
BC-11-001 504774.00 5186200.00 357.00 280.00 -45.00 162.00
----------------------------------------------------------------------------
BC-11-002 503002.00 5186803.00 336.00 250.00 -50.00 180.00
----------------------------------------------------------------------------
(1) Universal Transverse Mercator/North American Datum 1983/Zone 17
(2) "Azimuth" is degrees from True North


The Black Creek property is located 20 km north of the town of Capreol, Ontario, and consists of 63 claim blocks covering an area of approximately 1,501 hectares. Two (2) diamond drill holes were completed for a total of 342 metres in this first phase of drilling. Additional follow-up work on this project is scheduled for summer 2012 with mechanical trenching, prospecting and drilling.

For additional details on exploration on our Black Creek property, see VMS' press releases issued between April 6, 2010 and October 26, 2011, available at www.vmsventures.com.

Qualified Person

All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the Company and Vice President of Exploration and Technical Services, VMS Ventures Inc.

Quality Assurance and Quality Control

Exploration core drilling was BQTK size. The core was logged and mineralized intersections were marked for sampling and assaying by geologists and geotechnicians employed by VMS Ventures Inc. The marked intersections or intervals were sawn in half by a diamond saw and one half of the core was placed in plastic bags and tagged with unique sample numbers, while the second half was returned to the core box and stored. Chemical analyses reported in this press release were performed by ALS Chemex Laboratories in Vancouver, BC, where it was dried, crushed and pulverized and a 250-gram sample was prepared for assaying. From each 250 gram sample 0.50 grams was removed and leached in aqua regia and analyzed by ICP-AES for Ag, Cu, Zn, As, Pb, Ni and Fe. Gold was analyzed by fire assay using a 30g charge, with gravimetric finish. Sampling and analytical procedures are subject to a comprehensive Quality Assurance and Quality Control program that includes duplicate samples, blanks and analytical standards.

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