VMS Files NI 43-101 Mineral Resource for the Reed Lake Deposit

VMS Ventures Inc. (TSXV:VMS) files the NI 43-101 Technical Report for the Reed Lake polymetallic deposit near Snow Lake.

The press release is quoted as saying:

The NI 43-101 compliant resource was filed today for the Reed Lake copper project. The new resource provides the basis to conduct a prefeasibility study. The project, in which HudBay has a 70% joint venture interest, represents a high grade near surface copper deposit that can be accessed via a ramp and ore can be trucked to the Flin Flon concentrator. Permitting and pre-feasibility efforts will be conducted throughout 2011 with the expectation of a construction decision by year end.

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