VMS Ventures reports 9.90 metres of 5.56% copper at Reed Lake in Manitoba

VMjaw crusher double toggle set upS Ventures has released drill results from the first phase of drilling at the joint venture Reed Lake project, a base metal massive sulphide-type deposit in Manitoba, Canada, reporting 9.90 metres of 5.56% copper and 38.55 metres of 3.81% copper, it said Monday.

In July, VMS and HudBay Minerals entered into a joint venture for the property, which says that HudBay has a 70% interest in the project, with VMS retaining the remaining stake in the Reed Lake property and the two claims immediately to the south. The Reed Lake project is located near HudBay's concentrator in Flin Flon in Manitoba. Nine holes have now been completed at the property by HudBay, and assays were reported for in-fill holes RLD001 and RLD002. Hole RLD001 saw 9.9 metres of 0.77 g/t gold, 8.21 g/t silver, 5.56% of copper and 0.67% zinc, while hole RLD002 reported 38.55 metres of 0.38 g/t gold, 4.10 g/t silver, 3.81% copper and 0.08% zinc.