VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2012) - VMS Ventures Inc. (News - Market indicators) ("VMS" or the "Company") is pleased to announce the results of a surface time-domain electromagnetic (TDEM) survey on its 100% owned Terra Incognita project and the first phase of trenching on its 100% owned Golden Pine project. Both projects are located north of the Sudbury basin and approximately 40 kilometres northeast of Sudbury, Ontario.
Neil Richardson, COO states: "We are pleased with the TDEM survey over the Terra Incognita project, which has provided at least three significant targets for our planned 2013 winter drilling program. As well, the first phase of our trenching program at Golden Pine shows that the MMI soil geochemistry survey is outlining bedrock-hosted gold mineralization, which we will now follow-up with trenching and channel sampling."
The surface time-domain electromagnetic survey at Terra Incognita completed late last winter has now been incorporated into the company's GIS database (Image 1: http://media3.marketwire.com/docs/VMSimage1.pdf). The TDEM survey was completed by Crone Geophysics Ltd. of Mississauga, Ontario on a grid cut by a crew from the Wahnapitae First Nations. The survey covered approximately 20 line kilometres with station readings taken every 25 metres and line spacing of 100 metres. Six TDEM anomalies were outlined from this survey, with three ranked as high priority targets. Two of the high priority targets have coincident Mobile Metal Ion (MMI) geochemical anomalies and VLF geophysical conductor anomalies. Drilling is planned to test these targets in the upcoming 2013 winter drilling program.
The first phase of trenching has been completed on the Golden Pine project where two separate areas were mechanically stripped to expose the bedrock; a total area of 400m2 was excavated. These trenches focused on a coincident Induced Polarization geophysical anomaly and a Mobile Metal Ion geochemical anomaly over an inferred contact between granite and intermediate volcanic rocks. A second trench focused on a MMI anomaly near historical zone B. Results from the first phase of channel sampling yielded assay results of up to 12.00 g/t gold over 0.50 metres. Two continuous samples averaged 11.68 g/t gold over 1.00 metre in an intermediate volcanic rock in the first trench area (Image 2: http://media3.marketwire.com/docs/VMSimage2.pdf).
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 Mine, which is subject to a 70-30 JV with HudBay Minerals and is scheduled for production in Q3- 2013, 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.
VMS Ventures owns approximately 27M shares of North American Nickel Inc. (TSX VENTURE:NAN). For more information on North American Nickel Inc., please visit www.northamericannickel.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.
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.
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.