VMS Ventures Inc. and Hudbay Break Ground at New Copper Mine in Manitoba
Vancouver, B.C., August 14, 2012 - VMS Ventures Inc. (VMS: TSX-V) (“VMS”) and its joint venture partner, Hudbay Minerals Inc. (TSX:HBM) (NYSE:HBM) (“Hudbay”) will be hosting a groundbreaking ceremony today at its Reed Lake property in Flin Flon, Manitoba, signaling their commitment to the new copper mine.
Dave Chomiak, Minister of Innovation, Energy and Mines, David Garofalo, President and CEO of Hudbay, and Rick Mark, CEO of VMS Ventures will be attending and are scheduled to speak at today’s ceremony.
“We are delighted to be a part of today’s Reed Copper Mine opening ceremony. Reed has advanced towards production very quickly. We made the discovery in 2007 and signed a Joint Venture with Hudbay on July 5, 2010,” said Rick Mark, VMS’ chief executive officer and chairman. “HudBay is on schedule and on budget and VMS is pleased to be working with such an experienced partner.”
Mining at the Reed copper project is expected to begin by Q4 2013, and is anticipated to ramp up to full production of approximately 1,300 tonnes per day by Q1 2014. CLICK HERE TO READ MORE
-------------------
To unsubscribe from this list please visit the email alert section of the VMS site.
|
VMS Ventures Inc.
|
|
EXPLORATION STAGE |
|
CODE : VMS.V |
|
ISIN : CA91828R1091 |
|
|
| |
ProfileMarket
IndicatorsVALUE :
Projects & res.Press
releasesAnnual
reportRISK :
Asset profileContact Cpy |
VMS Ventures is a zinc and gold exploration company based in Canada. VMS Ventures holds various exploration projects in Canada. Its main exploration properties are REED LAKE, LYNN LAKE GABBROS, PUELLA BAY and COVER in Canada. VMS Ventures is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 13.2 millions as of today (US$ 9.6 millions, € 8.8 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.76, and its lowest recent point on January 22, 2016 at CA$ 0.05. VMS Ventures has 146 480 000 shares outstanding. |