VMS Ventures Starts Drill Program on Target Areas Near Reed Mine

VMS Ventures Inc. (TSXV:VMS) announced that it’s started diamond drilling on select target areas proximate to the Reed mine. The program is aimed at testing seven separate target areas, and over 4,000 meters of drilling have been budgeted for.
Reed is a joint venture between VMS and Hudbay Minerals Inc. (TSX:HGM,NYSE:HBM). The former owns 30 percent while the latter owns 70 percent.
As quoted in the press release:

Drill holes are planned to vary between 300 metres and 850 metres in length and will test targets identified by the technical team of joint venture partners Hudbay Minerals (TSX:HBM)(NYSE:HBM) (“Hudbay”), and VMS Ventures. Initial targets were generated through a review of archived exploration data sets and historical drilling and geophysical surveys. These targets were then re-evaluated using more recent electromagnetic geophysical surveys integrated with geochemical and geological data sets resulting in the selection of 7 targets for drill testing.
Geophysical anomalies related to a massive sulphide-type deposit like the Reed copper-zinc deposit typically have both electrical conductance and magnetic geophysical signatures and are hosted in prospective volcanic rocks. The Reed deposit volcanic host rocks are covered by a layer of younger sedimentary rocks and overburden. Accordingly, target selection relies heavily on the interpretation of geophysical surveys and the litho-geochemical analysis of archived drill core from the property.

Click here to read the full VMS Ventures Inc. (TSXV:VMS) press release.