I am happy to report that all things are going well at Reed and the production target of Q4/13 stands. VMS COO Neil Richardson and our geo team will be visiting Reed and meeting with our JV partner, Hudbay Minerals on June 5^th to tour Reed and hold the JV’s semi-annual meeting. I want to, again, compliment Hudbay on their work and their commitment to effective communication with us.

On a separate topic, I’d like you to know that we will be putting out most North American Nickel news releases regarding the Maniitsoq, Greenland Cu-Ni-PGE project under the VMS Ventures banner, as well, throughout the 2013 Maniitsoq work season. You can expect the first one next week.

For those of you who do not know, VMS shareholders own approximately 27% of North American Nickel, the TSX:V symbol is NAN. The Maniitsoq drilling will be VMS’ feature activity this summer and, since we are hunting for the world’s next Nickel Camp at Maniitsoq, 27% of this project could become our biggest asset quickly; and, I don’t say that lightly given the valuations Reed has produced.

One investment club representative recently asked me, “Say you are in a bar with your brother, and over a beer or two, he asks you how should I invest my $10,000 in these two companies, what would you tell him?” My response was, if you have $10,000 ready to go in the junior exploration space, I would suggest put $7,500 in VMS. You are betting on the Copper price as we have a quantifiable asset in Reed with cash flow projected in 2015, cash in the bank, 100% owned properties in the Flin Flon-Snow Lake VMS belt,  and an excellent technical team looking for new projects all over the world. And, in my opinion, VMS also has 27% of the best Discovery play in the world right now, through our ownership of NAN shares. So, put the other $2,500 into NAN, because if you believe in the value of discovery, even in these terribly negative markets, Maniitsoq is a unique risk/reward opportunity. What is owning a piece of the next Sudbury camp or the next Raglan camp worth?

We look forward to a busy summer.

VMS VENTURES UPDATES PROGRESS IN APRIL AT THE REED COPPER PROJECT; PRODUCTION EXPECTED IN Q4/13

Vancouver, B.C., May 24, 2013 VMS Ventures Inc. (TSX-V:VMS) (“VMS Ventures” or the “Company”) is pleased to update shareholders on the progress made in the month of April at the Reed Copper Project, near Flin Flon, Manitoba. VMS Ventures owns 30% of the project and is carried to production. HudBay Minerals Inc. (TSX:HBM)(NYSE:HBM) ("Hudbay") owns 70% and is the Operator.

Considerable progress was made at the Reed Copper Project in the month of April, including:

(i)               Underground development advanced 171 metres and represents the greatest monthly advance rate since development commenced on the project; underground development at the project is now 534 metres;
 
(ii)              Sinking of the 16 ft diameter ventilation raise from surface is now 66% complete;
 
(iii)            Two permanent 1.6 Mw generators and the electrical house were commissioned into service, replacing three temporary generators;
 
(iv)            A new communication system was installed; and
 
(v)             A fire-fighting well pump was commissioned.

The focus during the month of May is the continued development of the underground ramp and the vent raise, along with ongoing construction activities.

COO Neil Richardson states: “We were pleased with the improvements to the advance rates of the ramp and ventilation raise during the month of April, which are key components to the Reed project’s development. Reed continues to develop as planned and remains on budget. It is noteworthy to mention that mine and camp construction have now proceeded for 412 days with no lost time accidents”.

On May 1, 2013, Hudbay reported that approximately $37 million of the $72 million capital construction budget for the project has been invested as of the end of the first quarter of 2013 with an additional $13 million committed as of that date. CLICK HERE TO READ MORE