VMS Provides Reed Mine Operations Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 15, 2015) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is pleased to update shareholders on the performance of the Reed mine. VMS Ventures owns 30% and HudBay Minerals Inc. (TSX:HBM)(NYSE:HBM) ("Hudbay") owns 70% and is the operator. Management has reviewed the Reed mine monthly report received from Hudbay.
Reed Mine Underground Development Update
In the month of March 2015, mining activities concentrated on the Zone 20 orebody. The main decline has been driven to below the 245 metre level and ore development is ongoing on the 135, 210 and 235 metre levels of Zone 20. The focus for April will be on safety, ore production from Zone 20 on the 110 and 235 metre levels and undercutting ore on the 235 metre level.
Highlights for March 2015
- Ore production of 40,100 tonnes
- Development advanced 220 metres
- All production platforms for April and May are developed
Neil Richardson, Chief Operating Officer, states, "Mine production continues at a steady rate and safety performance since we announced commercial production has been good."
Qualified Person
All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo. who is the Qualified Person for the Company and Vice President of Exploration & Technical Services, VMS Ventures.
About VMS Ventures Inc.
VMS Ventures is a mining and mineral exploration company currently in partnership with Hudbay on the producing Reed mine near Flin Flon Manitoba. VMS Ventures holds a 30% interest in the Reed mine which is operated by Hudbay and achieved full production during Q2 of 2014. In addition, VMS Ventures is exploring a large prospective property package in Manitoba. The Company is actively evaluating new growth opportunities to build on the success achieved at Reed. The Company also holds approximately 22% of the shares of North American Nickel (TSX VENTURE:NAN) which is exploring a new district scale nickel-copper-cobalt PGE deposit belt in S.W. Greenland.
For more information on North American Nickel Inc., please visit www.northamericannickel.com.
Forward Looking Statement
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. VMS Ventures Inc. undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal, B.Sc.,
Interim CEO, President, Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
Jaclyn Ruptash
Corporate Communications
(604) 986-2020 or Toll Free: 1-866-816-0118
Evan Sleeman
Director
(604) 986-2020 or Toll Free: 1-866-816-0118