VMS Ventures Finalizes Upcoming 2013 Winter Drill Program on Its 100% Owned Manitoba Properties

Work permits have now been received for all 100% owned projects within the Flin Flon – Snow Lake greenstone belt. Some permits have restrictions, including the use of existing winter roads to limit new winter road development. Some projects will be drilled by skid mounted equipment, while others will be drilled with a helicopter supported lighter weight “fly drill” where road access is not available.

VMS Ventures COO Neil Richardson states: “This winter’s freeze up has come early and the conditions are excellent for our Manitoba drilling program. All of these targets are on our 100% owned ground, so we are excited to get the drills turning. I expect the program will be completed before the end of April.”

Diamond drilling tenders have been sent out to drill contractors. The drill contract should be awarded on January 31, 2013, with drilling planned to start on February 6, 2013. The program is budgeted at approximately $1.2 million, and includes the drilling of between 3,000 and 3,400 metres in 16 to 20 holes (figure 1). All target areas are within the Flin Flon – Snow Lake VMS greenstone belt of Manitoba.

The Reed East and Reed West properties are adjacent to our Joint Venture property with Hudbay Minerals Inc. (TSX:HBM)(NYSE:HBM). Prospective targets planned to be tested on this property include those with coincident Mobile Metal Ion (MMI) zinc anomalies and VTEM conductivity and magnetic anomalies (figure 2). The adjacent Joint Venture property hosts the Reed Copper Deposit which is currently under development by Hudbay Minerals with production commencing in Q1 of 2014.

To view Figures 1 and 2 please visit the following link: http://media3.marketwire.com/docs/vms117i.pdf

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