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VMS Ventures Inc. (TSXV:VMS) and joint venture partner, Hudbay, received the Environment Act Licence for the Reed Copper Project from the Manitoba government, initial production has commenced on the property.
As quoted in the press release:
VMS Ventures announced today that joint venture partner and operator Hudbay has received the Environment Act Licence for the Reed Copper Project from the Manitoba government and has commenced initial production. The licence permits the operation of the Reed mine, a 1,300 tonnes/day underground copper mine, and its supporting infrastructure.
Hudbay has informed VMS that a bulk sample of approximately 7,000 tonnes of ore was mined under the Advanced Exploration Project permit and a metallurgical batch test of 4,500 tonnes of ore was milled in late September at Hudbay’s Flin Flon concentrator. The 7,000 tonnes of ore, from the upper Zone 30, was mainly mined on 65 m Level with only 1 round (approximately 300 to 400 tonnes) taken on the 45 m Level.
Full production remains on the planned schedule to commence in first half of 2014 and the project remains within the estimated budget parameters.
VMS Ventures Inc. COO, Neil Richardson, said:
The receipt of the Environment Act Licence and the successful extraction of the bulk sample are both significant milestones for the project. The Licence confirms the care and diligence taken by our JV partner and operator Hudbay in moving the project forward within mandated environmental guidelines while the extraction of the bulk sample project is the first step towards full production at Reed.
Click here to read the VMS Ventures Inc. (TSXV:VMS) press release
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