Dear VMS Followers,
Today we have released the results from our trench sampling of gold showings on the Sails Lake property, near Snow Lake, Manitoba. The sampling program was undertaken to follow up the discovery from drilling last year, of wide intervals of gold mineralization including 58.89 metres (196.78 feet) grading 1.21 g/t gold.
The trench sampling results are encouraging with sample grades as high as 61.73 g/t gold assayed. The total area known to host gold mineralization was also expanded but further work is required to determine the extent of the mineralized zones and their total number on the property.
Take a look at the release (below) and contact us with any questions you may have.
Best regards,
John Roozendaal
President
VMS Ventures Inc.
VMS owns ~45% of North American Nickel
VMS VENTURES TRENCHING PROGRAM RETURNS ASSAYS OF UP TO 61.73 G/T GOLD AT ITS SAILS LAKE PROPERTY NEAR SNOW LAKE, MANITOBA
Vancouver, B.C., February 8, 2012 - VMS Ventures Inc. (VMS: TSX-V) (“VMS”) today announced results from a mechanical trenching, outcrop power washing, mapping and sampling program at its 100% owned Sails Lake Property in northwestern Manitoba.
Neil Richardson, VMS’ Chief Operating Officer states: “I am pleased with the results from our channel sampling program at Sails Lake and look forward to incorporating these results into our 3D IP/geological model. The Long Zone mineralization is still open to the east and high grade samples from the M–Zone are not drill tested. Both areas warrant follow-up work.”
The program was carried out in August of 2011 in three main areas of the property named the Long Zone, M-Zone and the E-Zone.. Each area consists of numerous large trenches that expose gold mineralization in association with quartz vein and bedrock-hosted blocky and acicular arsenopyrite. Host rock to the gold mineralization is a multi-phase tonalite-gabbro intrusion. The mineralized zones are marked by Induced Polarization (IP) chargeability anomalies and well developed Mobile Metal Ions soil geochemical anomalies.
The Long Zone trench uncovered two sets of quartz veins. One set trends in a northeasterly direction, is mineralized with arsenopyrite and appears to be the host for the gold mineralization with values of up to 61.73 g/t gold. The second set trends north-northwesterly and is barren. Two previous holes drilled by VMS beneath the Long Zone trench assayed 1.21 g/t gold over 58.89 metres core length (DDH SA-10-007) and 1.48 g/t gold over 13.41 metres core length (DDH SA-11-013). Channel sample results from the current program will be incorporated with our 3D IP data and drill data in the upcoming months. Two additional trenches were excavated at locations 35 metres and 75 metres from the main trench at the Long Zone. These new trenches uncovered a large broad northeast-trending shear zone with lesser gold values of up to 0.31 g/t. This shear zone is interpreted to be a late feature and unrelated to the main gold mineralizing event. CLICK HERE TO READ MORE
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VMS Ventures Inc.
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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$ 13.9 millions as of today (US$ 11.1 millions, € 9.7 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. |