Dear VMS followers,
It was good to see VMS Ventures rated a buy in this morning's Dundee Mineral Exploration Watch List Weekly Monitor. We've included the short update piece on VMS below.
Best regards,
Rick Mark
CEO
VMS Ventures Inc.
VMS owns ~45% of North American Nickel
VMS Ventures Provides Permit Update at the Reed Copper Deposit Near Snow Lake, Manitoba
VMS Ventures (VMS-V, Watchlist, BUY rated, no target, last close C$0.38) announced that it has received approval from the Manitoba government for the Reed Copper Advanced Exploration Permit closure plan, and has received the lease for park land property for mining activities.
Impact: Positive
The Reed Copper deposit is 70%-owned by Hudbay (BUY rated, C$18.70 target, last close C$12.03) and 30%-owned by VMS. The Advanced Exploration Permit allows for early site construction and underground development to extract a 10,000 tonne bulk sample, expected by the end of 2013. First production is expected end-2013/early 2014.
A positive construction decision was made by Hudbay December 19, 2011 on the project, which is located 120km from Flin Flon, Manitoba, with the release of the project's PEA. Hudbay will invest C$71 million in Reed in 2012. CLICK HERE TO READ MORE
-------------------
To unsubscribe from this list please visit the
email alert section of the VMS site.
|
VMS Ventures Inc.
|
|
EXPLORATEUR |
CODE : VMS.V |
ISIN : CA91828R1091 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
VMS Ventures est une société d’exploration minière de zinc et d'or basée au Canada. VMS Ventures détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont REED LAKE, LYNN LAKE GABBROS, PUELLA BAY et COVER au Canada. VMS Ventures est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 19,0 millions CA$ (13,9 millions US$, 13,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,76 CA$, et son plus bas niveau récent le 22 janvier 2016 à 0,05 CA$. VMS Ventures possède 146 480 000 actions en circulation. |