VMS announces drill results from Reed Lake joint venture

MINING.com Editor | January 27, 2011 | 5:58 pm

Results are in from the in-fill diamond drill program at the Reed Lake deposit near Snow Lake, Manitoba, Canada. VMS Ventures Inc. says the latest results are from holes RDL016 to RDL022 inclusive, which were drilled to test the continuity and lateral extent of the zinc-copper zone (zone 30) which extends vertically near surface.

Drill highlights include:
RDL020 reporting 32.28 metres grading 3.41% copper – 1.33% zinc– 2.1 g/t gold – 22.03 g/t silver
RDL021 reporting 28.05 metres grading 4.85% copper – 1.75% zinc – 2.35 g/t gold – 25.69 g/t silver
RDL022 reporting 8.90 metres grading 3.95% copper – 4.14% zinc – 1.92 g/t gold – 25.78 g/t silver

“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,”  says Neil Richardson, VMS’ Chief Operating Officer.

For the full press release click here