|By Marketwired .||
|April 3, 2014 02:00 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/03/14 -- 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 Cartwright Drilling Inc. has been awarded the 2014 drilling contract and Xploration Services Greenland ApS has been awarded the logistics/camp contract 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 that drill and camp contracts have been awarded for 2014 exploration at its 100% owned Maniitsoq nickel-copper-cobalt-PGM project in Southwest Greenland.
Cartwright Drilling Inc. of Goose Bay in Central Labrador, Newfoundland and Labrador has been awarded the Diamond Drilling contract and Xploration Services Greenland ApS of Nuuk, Greenland has been awarded the Logistics/Camp contract. Both companies are highly experienced in Greenland exploration operations and have been part of previous exploration campaigns for the company.
For the upcoming drill season North American Nickel is planning a two drill program at its Maniitsoq project. The first drill is set to test immediate down plunge extensions of nickel sulphide mineralization as defined by the 2012/2013 drill campaigns and the associated Crone three-component borehole electromagnetic (BHEM) geophysical surveys at the Imiak Hill Conduit Complex (IHCC) focusing on:
-- Imiak Hill, drilling down plunge of drill hole MQ-13-028, (see figure 1, Nov, 2013) which intersected 24.75 metres of near massive to massive sulphide grading 3.19% Ni, 1.14% Cu, 0.11% Co, including; -- 17.91m of 3.80% nickel, 1.42% copper, 0.13% cobalt and 0.01 g/t PGM -- Imiak North, drilling down plunge of drill hole MQ-13-029, (see figure 2, Nov, 2013) which intersected 55.75m of disseminated to near massive and massive sulphide grading: 1.28% nickel, 0.36% copper, 0.04% cobalt, and 0.03 g/t PGM, including; -- 9.99m of 4.65% nickel, 0.33% copper, 0.13% cobalt and 0.08 g/t PGM -- Spotty Hill, drilling down plunge of drill hole MQ-12-005, (see figure 3, Nov, 2013) which intersected 123.94 meters of disseminated, net- texture, to near massive and massive sulphide grading: 0.81% nickel, 0.21% copper, 0.03% cobalt & 0.26 g/t platinum (Pt) + palladium (Pd) + gold (Au), including: -- 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co & 0.52 g/t Pt+Pd+Au.
Before final decisions on targeting the drills at the IHCC (see figure 4, Nov, 2013) are made, NAN's exploration team will analyse the results of the ground geophysics Deep Penetrating Electromagnetic (DPEM) and Gravity surveys scheduled to begin in mid-April at the IHCC.
The second drill will focus on priority regional EM exploration targets commencing at a new target 25 kilometres to the northwest of the IHCC called Pingo. It is a historical showing that graded 1.09% Ni and 1.00% Cu in a mineralized grab sample within a norite host rock. NAN geologists will meet in early April to finalize the list of regional exploration targets to be drill tested this year.
Drill and support crews will be on the ground on June 7th with drilling scheduled to start approximately June 10th.
Cartwright Drilling Inc. was established in 1995 and has been servicing the mining/exploration industry with lightweight, fully hydraulic custom built drills. Cartwright has drilled in Greenland continuously since 2004, sometimes with as many as six rigs. Long term clients are Hudson Resources, Nuna Minerals, Red Rock Resources and London Mining PLC. Cartwright specializes in helicopter-portable drill jobs in remote areas. The company has drilled in numerous provinces throughout Canada, South America and Africa, and currently owns 25 drill rigs, including 4 geo-technical drills.
Xploration Services Greenland ApS (hereafter XS), and North American Nickel Inc. have entered into an administration, liaison and logistics agreement. XS will assume responsibility for pre-field season operational and support planning; spring season operation; mobilization; operation of main camp, including catering; demobilization and post-field season operational reporting. This includes all logistics and related issues in connection with NAN's 2014 Maniitsoq exploration & drilling program.
XS, will, on behalf of NAN, take care of administration and assist with reporting requirements, as required. XS will also undertake consultation with Tax Authorities, the Bureau of Minerals and Petroleum (BMP) and the four Municipalities of Greenland in regard to issues related to corporate matters, personnel and subcontractors.
All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the Company and President, North American Nickel Inc."
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.
To view Figure 1: Vertical longitudinal section through the Imiak Hill Zone (looking west), please visit the following link: http://media3.marketwire.com/docs/937723fig1.pdf.
To view Figure 2: Imiak North Drill Plan, please visit the following link: http://media3.marketwire.com/docs/937723fig2.pdf.
To view Figure 3: Spotty Hill Drill Plan, please visit the following link: http://media3.marketwire.com/docs/937723fig3.pdf.
To view Figure 4: Imiak Hill Conduit Complex (IHCC), please visit the following link: http://media3.marketwire.com/docs/937723fig4.pdf.
VMS Ventures Inc.
Director and Corporate Secretary
(604) 986-2020 or Toll Free: 1-866-816-0118
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