The Conversation (0)
VMS Ventures Inc. (TSXV:VMS) provided an update on the progress made in June on the Reed Copper Project in Manitoba, which is 30% owned by the Company and 70% owned by Hudbay Minerals Inc. (TSX:HBM), who is the Operator. Highlights include advancement of ramp development, the completion of various aspects, such as the escape and ventilation raises from the surface, camp expansion, and construction of diesel fuel and surface oil containment areas.
As quoted in the press release:
Highlights at the Reed Copper Project Include:
- Ramp development advanced a further 142m taking the total development to 819m for the project to date.
- Escape and ventilation raises from surface and camp expansion were completed.
- Construction of diesel fuel and surface oil containment areas was completed.
- Project remains on schedule and is forecast to be completed on budget by the end of March 2014.
VMS Ventures Inc. COO, Neil Richardson, said:
While the rate of ramp development slowed in March due to difficult ground conditions, advancement has since returned to the planned rate and the project remains on time and on budget. We remain impressed with our partner Hudbay Minerals and its ability to keep the project on schedule while maintaining a strong safety record with 473 days without a lost time accident to date on the project.
Click here to read the VMS Ventures Inc. (TSXV:VMS) press release