VMS Ventures Inc. is a well financed, publicly traded mineral exploration company listed on the Toronto Venture Exchange (TSX.V) under the symbol VMS.
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, 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.
In October, 2007 VMS announced its Reed Lake Discovery Hole intercept of 43.05 metres of 4.38% copper, 1.56% zinc, 0.85 grams per tonne gold and 13.09 grams per tonne silver, including 10 metres of 11.19% copper. 73 holes were drilled through September, 2008 including hole #RD-08-41 which included 33.46 meters of 10.36% Copper, including 18.08 meters of 13.80% copper.
On July 6, 2010, VMS announced a joint venture agreement with Hudbay Minerals (TSX: HBM) to develop the Reed Lake property and the two claims immediately to the south. VMS has a 30% carried interest and HudBay has a 70% interest and will act as the operator of the joint venture. HudBay began drilling at Reed Lake in late August, 2010 and plans a 43-101 resource estimate before the end of Q1 2011 - NI 43-101 MINERAL RESOURCE FOR THE REED LAKE DEPOSIT AT 2.55 MILLION TONNES @ 4.52% COPPER IN THE INDICATED CATEGORY
The Manitoba government has approved the Reed Copper Advanced Exploration Permit ("AEP") closure plan and issued the lease of park land property for the operation of the mine development activities. The AEP allows the extraction of a 10,000 tonne bulk sample and will provide confirmation of the mineralized widths, metal grades and the conditions of the ground. Testing of the extracted bulk sample will be done in the Flin Flon metallurgical complex. Site preparation will begin in Q1 and the decline will commence in the second half of 2012.
VMS Ventures owns approximately 45% of North American Nickel Inc. (TSX VENTURE:NAN)
You are invited to meet our excellent geological team and also inspect the Maniitsoq drill core that had last month’s core shack audiences lining up at the Vancouver Round Up conference. If you have never seen 7% nickel sulphide mineralization and you will be in the Toronto area Monday evening, this is your chance. Please join us.
VMS VENTURES & NORTH AMERICAN NICKEL PDAC RECEPTION
Monday, March 3rd
InterContinental Hotel, (225 Fron t St W. Toronto)
Kingsway Room (off main lobby)
6:00PM - 8:00PM
After spending the winter combing through all the data gathered last year at Maniitsoq, our NAN team is finalizing plans for follow up drilling of the high grade mineralization zones at the Imiak Hill Conduit Complex and prioritizing new targets identified for regional drilling.
VMS Ventures’ Reed Copper Mine, in partnership with Hudbay Minerals, is now in production and working towards full commercial production in the very near future.
Our technical and management teams will be available to discuss progress on both Companies. As well, John Roozendaal and I will be available to discuss our upcoming marketing strategies. 2014 is a very important year for both Companies.
Finally, below is a brief article titled “Vale Sees Nickel Over $20,000 a Ton on Indonesia Ban”. Obviously, such sentiments are positive for NAN and its Maniitsoq nickel sulphide project in SW Greenland.
If you plan to attend our reception, please RSVP to Jaclyn Ruptash email: email@example.com
VMS Ventures and North American Nickel
VMS owns ~23.9% of NAN