While not FOX mine is not directly associated with this discovery, I think it highlights the great potential of the area since FOX is about 180 km away and once was a great copper producer as well. Congratulation on VMS for such a wonderful discovery and hopefully they have similar results near our FOX option.
VMS Reports 10.36% Copper Over 33.46 Metres in Deepest Intercept to Date at Reed Lake, Manitoba
Thursday July 3, 10:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jul 3, 2008 -- VMS Ventures Inc. (CDNX:VMS.V - News) (the "Company") is pleased to report on its ongoing exploration program at the Reed Lake Discovery Zone near Snow Lake, Manitoba.
Reed Lake Drill Hole Highlights:
- RD-08-38 Intersects 35.81 metres (117.49ft) of 2.22% Copper
Including 12.10 metres (39.70ft) of 2.92% Copper
- RD-08-39 Intersects 13.88 metres (45.54ft) of 3.56% Copper
Including 4.10 metres (13.45ft) of 7.67% Copper
- RD-08-41 Intersects 33.46 metres (109.78ft) of 10.36% Copper
Including 18.08 metres (56.04ft) of 13.03% Copper
Including 5.00 metres (16.40ft) of 16.30% Copper
Dr. George Gale, VP Exploration, comments, "The results from drill hole RD-08-41 indicate that there are very high-grade copper sections to this deposit. It is also noteworthy that this is the deepest intersection of mineralization to date at approximately 350 m from surface. The high-grade copper zones may represent a copper-rich footwall zone that is stratigraphically below the solid sulphide lens. This intersection is one of several high-grade copper zones intersected to date that require more detailed drilling to determine true thickness."
