/EINPresswire.com/ -- VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/03/15 -- VMS Ventures Inc. (TSX VENTURE: VMS) ("VMS" or the "Company") is pleased to announce that it has completed a seven hole exploration program totaling 4,870 metres. The areas targeted are located approximately 300 metres to 2.3 kilometers from the operating Reed mine, where VMS Ventures owns 30% and Hudbay Minerals Inc. (TSX: HBM)(NYSE: HBM) ("Hudbay") owns 70% and is the operator.

PROJECT HIGHLIGHTS

--  Completed seven drill holes for a total of 4870 metres.
--  Drilling was completed on budget for approximately $1.2M with an average
    all-in cost of $240 per metre.
--  The first four holes were completed with helicopter support.
--  Borehole electromagnetics survey was completed on all drill holes.
--  Reed mine and highway zone stratigraphy was recognized in most of the
    holes.
--  RLE036, RLE040 and RLE042 require follow-up work based on favourable
    geology and the strength of the borehole electromagnetic anomalies.

VMS Interim CEO and President, John Roozendaal, commented: "The results from our first surface exploration drill program at the Reed mine are encouraging. Three of the seven holes require follow-up work based on favourable geology and borehole electromagnetic survey results to date. Borehole geophysical surveys for holes RLE036 & RLE040 identified targets ahead of the holes but beyond the depth capacity of the drill used for this program. Consideration will be given to deepen these bore holes with a larger drill capable of reaching target depth. The drill utilized for this program was a heli-portable EF-50 which was limited to about 1000 metres, so the approach anomalies were not able to be tested in this program. A follow-up program is being considered but a decision won't be made until all the results from this drill program are received, analyzed and interpreted."

RLE036

--  Borehole Pulse Electromagnetic (BHPEM) survey defined 10 off-hole
    anomalies of which five warranted modelling using Maxwell software. BHEM
    anomaly RLE036_Lp1-15-DA_3 associated with the mineralization listed
    above, is a Category-A off-hole response with a depth extent of 180
    metres, a Tau of 10ms and is located 30 metres above and left of the
    drill hole at a drill depth of 420 metres. RLE036_Lp1-15-DA_10 is
    located at 1050 metres downhole and is a Category-A off-hole response
    with a depth extent of 400 metres and a Tau of 60ms. It is difficult to
    accurately give a direction to this anomaly as we are only seeing a
    partial profile and follow-up work will be required to further assess
    this target before drilling.

RLE040

--  BHPEM survey defined four anomalies, of which two are considered tested
    and two are recommended for follow-up work. One anomaly is an off-hole
    approach which will require us to deepen the hole to better define the
    anomaly.

RLE042

--  The BHPEM survey revealed two anomalies in relation to the tower-highway
    zone stratigraphy. Follow-up drilling is considered warranted based on
    the geology and bore-hole geophysical survey results.

Holes RLE036 to RLE042 have been logged and assay results are pending. Drill collar information is provided in Table 1. A regional location map (Figure 1) is attached.

Table 1: Drill Collar Information

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Hole Number     UTM East   UTM North  Elevation(m)    Length   Azimuth   Dip
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RLE036          393401.8   6050036.4           284      1056     359.9   -65
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RLE037          394440.2   6049360.8           299      1094     209.3   -65
----------------------------------------------------------------------------
RLE038          395277.8   6049488.4           295       279     150.1   -55
----------------------------------------------------------------------------
RLE039          396073.7   6049703.6           288       737     110.0   -55
----------------------------------------------------------------------------
RLE040          395971.7   6049182.4           295       713     109.7   -60
----------------------------------------------------------------------------
RLE041          395192.6   6048894.0           308       311     180.6   -60
----------------------------------------------------------------------------
RLE042          394876.1   6048501.6           290       680     209.4   -60
----------------------------------------------------------------------------

Notes:
Collar coordinates - NAD83 Zone 14U
Holes spotted with Reflex APS instrument

VMS Ventures Inc is the operator for this exploration program and is working closely with our joint venture partner, Hudbay, as the results are received and plans for a follow-up program are considered.

Qualified Person

All technical information in this release has been reviewed by Neil W. Richardson, P. Geo., who is the Qualified Person for the Company and Chief Operating Officer.

About VMS Ventures Inc.

VMS Ventures is a mining and mineral exploration company currently in a joint venture with Hudbay on the producing Reed mine near Flin Flon Manitoba. VMS Ventures holds a 30% interest in the Reed mine which is operated by Hudbay. The Reed mine achieved full production during Q2 of 2014. In addition, VMS Ventures is exploring a large prospective property package in Manitoba. The Company also holds approximately 14.5% of the shares of North American Nickel (TSX VENTURE: NAN) which is exploring a new district scale nickel-copper-cobalt PGE deposit belt in S.W. Greenland.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal, B.Sc., Interim CEO and President

VMS Ventures Inc.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.

Figure 1 - Plan view of diamond drill hole collars: http://media3.marketwire.com/docs/VMS5454.jpg

Contacts:
VMS Ventures Inc.
Evan Sleeman
IR and Corporate Secretary
(604) 986-2020 or Toll Free: 1-866-816-0118
www.vmsventures.com

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