VMS Reports 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres

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VMS Reports 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres

posted on Oct 28, 2010 04:23PM

VMS Reports 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres from In-Fill Diamond Drillholes Three and Four at the Reed Lake Joint Venture Property

The program is the first phase of drilling at the Reed Lake project under a joint venture formed between VMS Ventures and HudBay Minerals Inc. (TSX:HBM). HudBay holds a 70% joint venture interest in the project and VMS holds 30%.

Highlights Include:

Neil Richardson, VMS' Chief Operating Officer states, "We are pleased to see the grades and thickness of the mineralization from these two recent holes at Reed Lake. The high-grade copper lens has significant thickness and down plunge potential that requires additional step out holes. We look forward to HudBay continuing their definition of the deposit in preparation for a National Instrument 43-101 mineral resource estimate, which HudBay has stated is targeted for early 2011."