VMS Ventures Inc announced an exploration update on targets around the Reed Copper deposit and four option properties. The Reed Copper deposit is located 120 kilometres from Flin Flon, Manitoba and is the subject of a Joint Venture with HudBay Minerals.

VMS Ventures COO Neil Richardson, states that "2012 promises to be an exciting year with exploration and development planned for the Reed Copper deposit and surrounding exploration properties. The HudBay and VMS joint management committee have approved a budget for a 4,000 metre diamond drill program focusing on targets around the Reed Copper deposit and an additional 4,000 metres on the option properties, with a primary focus on the Reed North target. Recent work by VMS and HudBay has resulted in the discovery of two additional mineralized zones within our option properties. These recent discoveries are further evidence supporting our belief in the camp scale potential at the Reed project. The drilling will occur as soon as freeze up and site preparation is completed."