VMS Ventures Inc announced the results from the 2012 winter drilling program at the Reed Copper project and Reed North. The operator of the projects is Hudbay Minerals Inc.

At the Reed Copper project, one hole was completed and one hole was abandoned due to deteriorating ice conditions. A total of 1,632 meters were drilled. Near the Reed Copper deposit, hole RLE030 was drilled to a depth of 725 meters testing a Time Domain Electromagnetic anomaly. In the Reed North area, two holes were completed and two other holes were abandoned. A total of 1,475 meters were drilled at Reed North.

Site preparation is now on going for the underground development of the Reed Copper project. Trenching for the portal entrance has begun, an office trailer has been mobilized to the site and other surface infrastructure has been established.

Mr Neil Richardson COO of VMS said that "We were disappointed to lose the initial hole testing for the down plunge extension of copper rich Zone 10 at Reed, so we will have to wait until next winter to determine the presence of mineralization between the 500 meters and 800 meters levels. Drilling of the Reed North area continues to show interesting intersections but no significant lenses have been discovered to date. The trenching of the portal entrance at Reed has begun and represents the first milestone in bringing this deposit to commercial production."

Source - VMS Ventures

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