VMS Ventures Inc TSXV:VMS in joint venture with HudBay Minerals Inc TSX:HBM announced results from the Reed Lake Deposit near Snow Lake, Manitoba. Assays include 3.41% copper, 2.1 g/t gold and 22.03 g/t silver over 32.3 metres, 4.85% copper, 2.35 g/t gold and 25.69 g/t silver over 28.1 metres, and 3.95% copper, 1.92 g/t gold and 25.78 g/t silver over 8.9 metres. HudBay has a 70% interest and VMS has a 30% interest in the property.
VMS COO Neil Richardson commented, “These results for the upper zinc-copper-rich lens in zone 30 and copper-zinc rich lens in zone 20 are consistent with our working deposit model and provide us the definition required to complete an initial resource estimate. Copper and zinc metal zonation and significant precious metal credits are common characteristics of massive sulphide-type deposits in the Snow Lake camp.”
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by Ted Niles