|
 VMS Ventures Inc. is our this month top pick together with NER-v The reason for this 2 latest News Releases that showed very good drilling grades. Overall markets were tought last week, especially for Venture which dropped over 250 points. Next drill results should come out any day.
Here are 2 latest News Releases that made stock gap up both times:
July 3, 2008 - 10:01 AM EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 3, 2008) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to report on its ongoing exploration program at the Reed Lake Discovery Zone near Snow Lake, Manitoba.
Reed Lake Drill Hole Highlights:
- RD-08-38 Intersects 35.81 metres (117.49ft) of 2.22% Copper
Including 12.10 metres (39.70ft) of 2.92% Copper
- RD-08-39 Intersects 13.88 metres (45.54ft) of 3.56% Copper
Including 4.10 metres (13.45ft) of 7.67% Copper
- RD-08-41 Intersects 33.46 metres (109.78ft) of 10.36% Copper
Including 18.08 metres (56.04ft) of 13.03% Copper
Including 5.00 metres (16.40ft) of 16.30% Copper
Dr. George Gale, VP Exploration, comments, "The results from drill hole RD-08-41 indicate that there are very high-grade copper sections to this deposit. It is also noteworthy that this is the deepest intersection of mineralization to date at approximately 350 m from surface. The high-grade copper zones may represent a copper-rich footwall zone that is stratigraphically below the solid sulphide lens. This intersection is one of several high-grade copper zones intersected to date that require more detailed drilling to determine true thickness."
Short copper-zinc mineralized intervals are present in RD-08-25, RD-08-40 and RD-08-42, which represent areas of shearing that displaced most of the mineralized section. Similar displaced sections exist in other drill holes, such as RD-08-15.
Drill holes RD-08-42 (see Table 1 below) to 47 and RD-08-49 intersected both altered footwall and hanging wall rocks but no significant intervals of sulphide. These holes and a detailed logging of previous drill holes have increased our understanding and modeling of the deposit. Hole RD-08-42 entered a near vertical shear above the targeted depth and deviated away from the target.
Holes RD-08-48 and RD-08-50 were positioned to test copper rich intersections of mineralization to the southwest in hole RD-08-38. Hole RD-08-50 intersected 15 metres of Near Solid Sulphide (NSS), which extends the NSS lens to the SW. Drill hole RD-08-48 intersected extensive, weakly altered footwall rocks but did not reach the target depth.
Drilling continues at the Discovery Zone and at the Tower Zone and results will be released as received.
TABLE ONE
REED LAKE DRILL HOLES(i)
-------------------------------------------------------------------------
FROM TO INTERVAL(i) COPPER ZINC SILVER GOLD
HOLE ID (m) (m) (m) (%) (%) (g/t) (g/t)
-------------------------------------------------------------------------
RD-08-38 229.65 266.44 35.81 2.22 0.06 Pending Pending
-------------------------------------------------------------------------
including 244.55 256.61 12.10 2.92 0.08 Pending Pending
-------------------------------------------------------------------------
-------------------------------------------------------------------------
RD-08-39 189.58 203.46 13.88 3.56 0.49 Pending Pending
-------------------------------------------------------------------------
including 196.32 200.42 4.10 7.67 1.84 Pending Pending
-------------------------------------------------------------------------
-------------------------------------------------------------------------
RD-08-41 332.14 365.60 33.46 10.36 0.11 Pending Pending
-------------------------------------------------------------------------
including 346.92 365.00 18.08 13.80 0.15 Pending Pending
-------------------------------------------------------------------------
including 355.00 360.00 5.00 16.30 0.14 Pending Pending
-------------------------------------------------------------------------
-------------------------------------------------------------------------
RD-08-25 124.55 127.38 2.83 0.85 5.14 Pending Pending
-------------------------------------------------------------------------
RD-08-40 286.11 286.81 0.70 1.78 1.48 Pending Pending
-------------------------------------------------------------------------
RD-08-42 473.61 474.06 0.45 0.82 0.04 Pending Pending
------------------------------------------------------------------------- (i) True Thickness Unknown
All technical information in this release was reviewed by Dr. George Gale, P.Eng the Qualified Person for VMS Ventures Inc. Samples are prepared and analyzed at Activation Laboratories, Ancaster, Ontario using acid digest 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 a specialty metals property. All VMS Ventures Inc. properties are located in the mining friendly province of Manitoba, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal, B.Sc., President, Director
FOR FURTHER INFORMATION PLEASE CONTACT:
VMS Ventures Inc.
Keith Patey
Director of Communications
(604) 986-2020 or Toll Free: 1-866-816-0118
(604) 986-2021 (FAX)
Website: www.vmsventures.com
Coal Harbor Communications
Dale Paruk
(604) 662-4505 or Toll Free: 1-877-642-6200
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Source: CCN Matthews (July 3, 2008 - 10:01 AM EDT)
June 19, 2008 - 6:31 AM EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2008) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to report on its ongoing exploration program at the Reed Lake Discovery Zone near Snow Lake, Manitoba.
Highlights:
RD-08-35: 19.80 m (64.96 ft) of 2.70% Cu and 1.72% Zn
Including 12.11 m (39.73 ft) of 3.52% Cu and 1.96% Zn
Including 7.51 m (24.64 ft) of 5.02% Cu and 1.77% Zn
Hole RD-08-35 was drilled from the same set up and azimuth as holes RD-08-23 and RD-08-38 and approximately 45 m to the east of the western most intercept of mineralization so far, hole RD-08-39.
One drill continues testing the strike and depth extent of mineralization at the western edges of the Discovery Zone and a second drill is testing the Discovery Zone mineralization to the east and to depth.
A third drill is testing a strong off hole conductor detected in a recent downhole survey of hole TZ-08-02, related to the Tower Zone anomaly, 1,000 m to the east of the Discovery Zone. The Tower Zone anomaly is a series of geophysical conductor anomalies that have been identified in airborne, and in greater detail in the DeepEM survey over a 1.2 km length. Previous holes in the area have not explained the conductor, but have intercepted altered rocks and trace amounts of copper and zinc sulphides along with iron sulphides, in what may represent foot wall alteration to a VMS deposit.
TABLE I
DRILL HOLE ASSAYS FOR RD-08-35 --------------------------------------------------------------------------
DRILL FROM TO Cu Zn Ag Au
HOLE (m) (m) INT(i) % % g/t g/t
--------------------------------------------------------------------------
RD-08-35 180.18 199.98 19.80 2.70 1.72 6.23 0.48
--------------------------------------------------------------------------
inc 187.55 199.66 12.11 3.52 1.96 8.73 0.62
--------------------------------------------------------------------------
inc 192.15 199.66 7.51 5.02 1.77 12.71 0.85
--------------------------------------------------------------------------
(i) True Thickness unknown
TABLE II
DRILL HOLE ASSAYS FOR RD-08-36
--------------------------------------------------------------------------
DRILL FROM TO Cu(ii) Zn(ii) Ag(iii) Au(iii)
HOLE (m) (m) INT(i) % % g/t g/t
--------------------------------------------------------------------------
RD-08-36 133.20 214.27 81.07 3.54 0.26 5.47 0.25
--------------------------------------------------------------------------
inc 169.77 206.35 36.58 5.64 0.13 9.73 0.48
--------------------------------------------------------------------------
inc 187.36 206.35 18.99 7.10 0.17 10.51 0.73
--------------------------------------------------------------------------
(i) True Thickness unknown (ii) Previously released (iii) New data
TABLE III
DESCRIPTION OF MINERALIZED INTERVALS RD-08-38, RD-08-39 and RD-08-41
(Assays Pending)
--------------------------------------------------------------------------
DRILL FROM TO
HOLE (m) (m) INT(i) MINERALIZATION DESCRIPTION
--------------------------------------------------------------------------
RD-08-38 198.25 270.36 72.11 Sulphide Veinlets
--------------------------------------------------------------------------
RD-08-39 188.92 203.34 14.42 Near Solid Sulphide
--------------------------------------------------------------------------
RD-08-41 332.13 365.96 33.83 Near Solid Sulphide and Veinlets
--------------------------------------------------------------------------
Inc 332.13 336.14 4.01 Near Solid Sulphide
--------------------------------------------------------------------------
Inc 346.92 365.65 18.73 Near Solid Sulphide
--------------------------------------------------------------------------
(i) True thickness unknown
All technical information in this release has been reviewed by the Qualified Person, Dr. George Gale, P.Eng. Samples are prepared and analyzed at Activation Laboratories, Ancaster, Ontario using acid digest 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.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal, B. Sc., President & Director
FOR FURTHER INFORMATION PLEASE CONTACT:
VMS Ventures Inc.
Keith Patey
Director of Communications
(604) 986-2020 or Toll Free: 1-866-816-0118
(604) 986-2021 (FAX)
Website: www.vmsventures.com
Coal Harbor Communications
Dale Paruk
(604) 662-4505 or Toll Free: 1-877-642-6200
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Source: CCN Matthews (June 19, 2008 - 6:31 AM EDT)
|
TSX Venture