VMS Files NI 43-101 Mineral Resource for the Reed Lake Deposit
VMS Ventures Inc. (CVE:VMS) files the NI 43-101 Technical Report for the Reed Lake polymetallic deposit near Snow Lake.
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.