VMS Ventures Inc.

Published : May 14th, 2009

Discusses exploration strategy and project plans through 2010 winter drilling season

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Dear VMS Followers,

In this morning's news release (below), we have laid out an exploration strategy and a broad plan for the Company's exploration opportunities for the next three years and begun detailing our specific exploration plans for the next 10 months.

Let me assure you, it has been a challenge condensing and focusing this information into an understandable and meaningful release, while our geologists continue their ongoing work advancing the property package. I hope we have achieved that, and that you are now clearer on the scope of the task and the size of the opportunity.

One of our early followers, Doug Casey, of Casey Research, has often said (and I paraphrase), "We look for Companies working in old areas with proven mineralization, who bring new ideas and technologies to explore them." We believe there are more mines to be discovered in this belt and that the recent Reed Lake and Lalor discoveries reflect the power and the effectiveness of today's new exploration technologies, when used by experienced and creative minds.  

As part of this process of detailing our thinking and our planning, we will provide separate, detailed releases on VMS' priority properties. Next week, we will discuss Sails Lake.

Please let me know if this approach to providing more detailed information is useful.


Best regards,


Rick Mark

CEO, VMS Ventures Inc. 



 

VMS VENTURES DISCUSSES EXPLORATION STRATEGY AND PROJECT PLANS THROUGH 2010 WINTER DRILLING SEASON

 

Vancouver, B.C., May 14, 2009. VMS Ventures Inc. (TSX-V: VMS) (the "Company") is pleased to announce its exploration plans for the coming year, through the winter drilling season ending in March, 2010.

 

VMS Ventures' property portfolio in the Flin Flon-Snow Lake VMS belt is extensive and covers a range of exploration projects at various stages of development. The Company's holdings cover an area totaling approximately 400 square kilometers (or 100,000 acres). VMS is well financed, with over $13,000,000 in its treasury.

 

President, John Roozendaal states: "The ongoing challenge for our geological team is to plan and execute a multi-layered program that moves each of our 12 projects forward toward well defined drill targets in a comprehensive and cost effective fashion. Our exploration team met in Winnipeg last month to review and update our property priorities and finalize plans for the 2009 summer season. We also envisioned exploration and drill programs through next winter's drilling season and beyond. This release is designed to begin the process of informing our shareholders, and the investment community, of our exploration methodology and the specific, updated exploration plans for six priority projects outside of our Reed Lake discovery."

 

Exploration methodology

 

VMS employs a structured and systematic exploration approach to each of its properties from acquisition through to drilling. Following acquisition, a series of activities including the compilation and analysis of historical work, VTEM airborne geophysical surveying, and the identification of anomalies for reconnaissance geochemical sampling to test for an associated metal anomaly is undertaken. Secondary steps may include a more detailed geochemical survey grid over the object area and selected ground geophysical survey(s) taken to more precisely define the targets for drill testing. This approach enables the Company's geologists to identify 'exploration objects' for detailed re-evaluation before drilling.

 

Airborne Geophysics

 

In 2007 and 2008, the Company commissioned extensive, airborne geophysical surveys using the state of the art Versatile Time Domain Electromagnetic (VTEM) system. The Company invested approximately $3 million dollars in VTEM and flew approximately 90% of the total VMS property package in Manitoba. This investment has returned several thousand prospective anomalies to be followed up over the next 3 years. This exploration tool is uniquely suited to detection of conductive metallic bodies beneath cover rock and overburden. This includes a large dolomite covered portion of the Flin Flon-Snow Lake VMS belt. Previous explorers worked with survey equipment that had trouble penetrating this dolomite cover and, therefore, few deposits have been discovered in the large, southern portion of the mineral belt. CLICK HERE TO READ MORE

 


For further information, Phone (604) 986-2020 or Toll Free 866 816 0118
 or visit our website
www.vmsventures.com


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

 

 

<

VMS Ventures Inc.

EXPLORATION STAGE
CODE : VMS.V
ISIN : CA91828R1091
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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$ 10.5 millions, € 9.2 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.

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