VMS Ventures Inc Marks Progress with Ramp and Ventilation Advance Rates for Reed Copper Project

VMS Ventures Inc. (TSXV:VMS) announced progress updates from the Reed Copper Project, in which they own a 30 percent interest.

As quoted in the press release:

Considerable progress was made at the Reed Copper Project in the month of April, including:

Underground development advanced 171 metres and represents the greatest monthly advance rate since development commenced on the project; underground development at the project is now 534 metres;
Sinking of the 16 ft diameter ventilation raise from surface is now 66% complete;
Two permanent 1.6 Mw generators and the electrical house were commissioned into service, replacing three temporary generators;
A new communication system was installed; and
A fire-fighting well pump was commissioned.

VMS Ventures’ COO, Neil Richardson, said:

We were pleased with the improvements to the advance rates of the ramp and ventilation raise during the month of April, which are key components to the Reed project’s development. Reed continues to develop as planned and remains on budget. It is noteworthy to mention that mine and camp construction have now proceeded for 412 days with no lost time accidents.

To view the whole press release, click here.