VMS Ventures Reports Progress at Reed Mine

VMS Ventures Inc. (TSXV:VMS) reported progress made at the Reed mine, near Flin Flon, Manitoba. In December 2013, development advanced 217 metres for a total 2,296 metres to date, a ventilation raise from 110 to 85 metre level was completed, and the project remains on budget and on schedule.

As quoted in the press release:

In the month of December 217 metres of underground development were completed, reaching a total of 2,296 metres. Project development reached 1,873 metres with an additional 423 metres of pre-production development to date.

The focus for January will remain on safety and continued ramp development down to the 160 metre level and pre-production development at the 110 and 135 metre level of the mine.

The project remains on budget and on schedule and is expected to reach commercial production by the second quarter of 2014.

VMS Ventures COO, Neil Richardson, said:

We were very pleased to see our first production stope (#85 – 30 – 1) come on-line during the month of December. The mining of this stope is the start of advancing Reed towards commercial production in Q2 2014. Focus will continue on ramp development to access mining horizons.

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