Vancouver, B.C.�
October 25, 2007. VMS Ventures Inc. (TSX.V: VMS) (the
"Company") is pleased to announce the remaining assay results
from drill hole RD 07-02 and RD 07-03 on its new discovery at the Reed
Lake project, near Snow
Lake, Manitoba.
The 2.67 m thick zone of near solid sulphide in RD 07-03 reported on September 17,2007, consists mostly of pyrite and sphalerite
and contains 4.98% ZN and 1.95% Cu.
This 'pyrite-sphalerite
cap' intersected in RD 07-03 is similar to, and a continuation of, the 5.5 meter zone of
pyrite and sphalerite intersected in hole RD
07-02, which contains 5.65 % Zn and 0.49% Cu. The interval of
mineralization in RD 07-03 reported here, appears to represent a faulted
slice of the pyrite-sphalerite cap portion of the
deposit announced previously in RD 07-02. In hole RD 07-03 the occurrence of Quartz veins below the
solid sulphide zone and the presence of a shear
above the solid sulphide zone suggests that the
mineralization is displaced by faults.
RD 07-03 was drilled to a total depth of 265 metres
and intersected the pyrite-sphalerite
mineralization approximately 50
m east of a similar intersection in drillhole RD07-02 and intersected the mineralization at
a point approximately 10 m
higher in elevation.
Vice-President of Exploration, Dr. George Gale,
states "It is very encouraging to find that the 'pyrite-sphalerite' zone intersected in RD 07-03 has metal
grades similar to parts of the pyrite-sphalerite
cap found in RD07-02. In
addition, the zinc grades in this drill hole combined with the
intersections in RD07-02 provide certainty that we have discovered a
volcanogenic massive sulphide (VMS) deposit that
has all of the features of deposits found in this area."
The additional mineralization intersected in RD
07-02 reported here, occurs down hole from the pyrite-sphalerite
cap, in a zone of structurally disturbed material consisting of veins of sulphide and quartz. All of the rocks that stratigraphically underlie the sulphide
deposit are intensely altered felsic volcanic
rocks.
----------------------------------------------------------------------------------------
Drill
Hole ������
From To
Interval(i) Cu
Zn Au Ag
������� (metres)
(metres) (metres)
% %
g/t g/t
----------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
RD07-03 �� 176.83
179.5 2.67 1.95
4.98 0.0 11.09
-----------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------
RD07-02
251.6 255.12 �� 3.52 0.95
0.09 0.33 13.35
------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------
(i) True width will not
be determinable until further drill holes are completed. (For the purposes
of converting the interval lengths to imperial measurements note that one-metre is equal to 3.28 feet).
VMS Ventures is permitting an additional 13
holes for follow-up drilling. The Company has contracted Rodren Drilling of St. Paul, Manitoba to
execute the program. The drill rig is now being mobilized to the site and
this second drill program will commence later this week or early next week.
Drill permitting for a larger winter program for targets inaccessible prior
to freeze-up will follow
This mineral discovery is within an 800 metre
long southwest-trending VTEM anomaly. The VTEM anomaly is on the Company's
Mineral Exploration License (MEL) #268A and the Company's optioned HudBay Minerals property.
All technical information in this release has
been reviewed by Dr. George Gale, P.Eng, the
Qualified Person, Vice President of Exploration and director of VMS
Ventures Inc. All samples have been prepared and analyzed at Actlabs in Ancaster Ontario
using fire assay analytical methods.
VMS
Ventures Inc. is focused primarily on acquiring, exploring and developing
copper-zinc properties in the Flin Flon-Snow Lake
VMS Belt. The Company also holds the largest land package considered prospective
for nickel-copper mineralization at Lynn Lake, which is to
date Canada's
third largest nickel producing camp. The Company's project portfolio
consists of the Snow Lake VMS
project, the Lynn Lake
Gabbros nickel-copper project, the Nickel Belt project, the South Bay
nickel-copper-cobalt PGE property, and the Eden Lake
Carbonatite Complex, Specialty Metals property.
All VMS Ventures Inc. properties are located in the mining friendly province of Manitoba, Canada.