|By Marketwired .||
|March 19, 2014 03:01 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/19/14 -- VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is pleased to announce that North American Nickel Inc. (TSX VENTURE:NAN) ("North American Nickel" or "NAN") issued a press release this morning announcing that Crone Geophysics of Mississauga, Ontario has been awarded the Deep Electromagnetic and Gravity survey contracts for NAN's southwest Greenland Maniitsoq project. Work will begin in mid-April. VMS Ventures owns approximately 23.9% of NAN.
The release is as follows:
"North American Nickel Inc. is pleased to announce Crone Geophysics of Mississauga, Ontario has been awarded Electromagnetic and Gravity surveys, scheduled to start in mid-April at the Company's 100% owned Maniitsoq nickel-copper-cobalt-PGM project in southwest Greenland.
Both the surface time-domain EM survey and the gravity survey at Maniitsoq will be performed by Crone Geophysics & Exploration Ltd (www.cronegeophysics.com). Crone specializes in the manufacture of high-quality time-domain EM equipment, specifically the Crone Pulse EM system (PEM), and also provides well-trained crews to safely and efficiently perform surveys with the PEM system and other third-party geophysical equipment.
The PEM system operates by placing a large loop of insulated wire on the ground through which a precisely-controlled changing current induces magnetic responses from conductors hundreds of metres deep in the ground. It can be used to detect and discriminate between a wide range of conductivities from poor (zinc), to excellent (copper and nickel). Due to its unique transmitted current waveform and its receiver's measuring system, Crone has developed a step-response transformation of the data which extends this range of detection and discrimination into the extremely high conductance that is seen in nickel exploration. This feature has made the Crone PEM system an important part of the exploration efforts in nickel exploration camps around the world, such as the Raglan camp, Voisey's Bay, Sudbury, Alaska, Tanzania, Western Australia, and now Greenland.
The deep penetration power of the Crone PEM system is also impressive; It was a Crone PEM system that discovered the Lalor Lake deposit 800 metres below surface in 2007, the largest base metal deposit discovered in Canada in decades. Crone has a well-deserved reputation of building rugged, reliable, and portable equipment, capable of working through extremes of temperature and humidity while still having unmatched accuracy and low noise.
In addition to the Pulse EM survey, Crone will carry out a gravity survey with a 2 person crew consisting of a gravity operator and a GPS operator with extensive experience in precision gravity surveys. The equipment consists of LaCoste & Romberg model G gravity meters with a reading resolution of 0.01 mGal. The differential GPS (DGPS) system is the Leica - model 1230 Dual Frequency, Dual Constellation (GPS & GLONASS) RTK, rover and Base Station with an accuracy of 1 cm + 1 ppm in separation from the base station to the rover. The crew has extensive worldwide experience and is capable of reducing the data to bouguer mGal values nightly in the field. Gravity surveys measure extremely small variations in the Earth's gravitational field, which can be used to locate high density material such as nickel sulphide-bearing rock."
About VMS Ventures Inc.:
VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed mine, which is subject to a 70-30 JV with Hudbay Minerals and achieved initial production in Q4-2013, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned the Black Creek property in the Sudbury mining camp.
VMS Ventures owns approximately 23.9% of North American Nickel Inc. (TSX VENTURE:NAN). For more information on North American Nickel Inc., please visit www.northamericannickel.com.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal, B.Sc., 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.
VMS Ventures Inc.
Director and Corporate Secretary
(604) 986-2020 or Toll Free: 1-866-816-0118
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