Copper-zinc exploration in the Flin Flon-Snow Lake VMS Belt

Recent Results Include 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres

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Message: New message from management?

New message from management?

posted on Apr 07, 2010 09:39AM

Dear VMS Followers,

Today, we have sent out two news releases relating to our entry into the Sudbury Basin .

As you will see in both releases, these Sudbury opportunities have come to us as a result of Mark Fedikow’s work in Sudbury in the early 2000’s and because of the relationships he built in those times. We are very pleased to be positioned so well in one of the most prolific mining camps in the world.

First, our nickel “spin out” company is called North American Nickel and, as you will read, includes our large grassroots nickel property packages in Manitoba and four new prospective nickel properties in Sudbury , Ontario . I invite you to read the release to get more detail on each property, but do want to point out that Post Creek and Bell Lake will be the early focus of our geologists and our investors.

VMS will own approximately 45% of North American Nickel and has the right to participate in any future financing to maintain that equity percentage going forward. We fully expect this share position to become a significant asset on VMS’ balance sheet. As we build North American Nickel’s value through acquisition and discovery, it will have a significant impact on VMS Ventures’ share price.

You can expect more news on North American Nickel in the coming weeks. We will be applying for listing on the TSX Venture Exchange as soon as the NI 43-101 report on Post Creek is completed. We are aiming to apply by May 15.

Second, VMS has acquired three new polymetallic properties in the North Range of Sudbury Basin. Mark Fedikow’s confidence about the exploration potential of these land packages convinced the Board it was a sensible move, particularly after our recent announcement of the LOI with HudBay Minerals which includes giving them the opportunity to explore our Super Zone exploration properties near our copper rich Reed Lake Discovery.

Again, details of the properties are below in the second release. They are advanced exploration claim blocks in an excellent mining environment and provide VMS added depth and new opportunities in our property portfolio.

It has been almost two years since the Sudbury “idea” was presented to us and it has been eight intense months getting to these two releases today. I believe we have succeeded in providing new leverage for VMS share appreciation with minimal expenditures and without diluting our capital structure. I am looking forward to having two VMS related geological teams working on Discovery for years to come.

We look forward to discussing today’s releases, our expectations for Reed Lake and our plans for exploring around Snow Lake this year.

Best Regards,

Rick Mark
CEO & Chairman




VMS VENTURES TO SPIN OUT ITS NICKEL PROPERTIES AND BECOME THE LARGEST SHAREHOLDER IN NORTH AMERICAN NICKEL



Vancouver, B.C., April 6, 2010. VMS Ventures Inc. (TSX-V: VMS) (the “Company”) announced today that it has agreed to launch a new nickel exploration Company that will include VMS’ Manitoba, Canada nickel properties and newly optioned nickel properties in Sudbury, Ontario, one of the world’s most prolific nickel production areas. VMS will own approximately 45% of the new Company, to be named North American Nickel, upon completion of events detailed in today’s release.



North American Nickel Inc.



VMS Ventures has agreed to become the largest shareholder of Widescope Resources, to be renamed North American Nickel Inc.



At its April 8, 2010 Annual and Special meeting, Widescope’s shareholders will convene to approve a 2-old for 1-new common share consolidation, a corporate name change to North American Nickel Inc. and, the election of 4 new directors and 2 continuing directors, in addition to the routine items normally conducted at such meetings.



It is proposed that Richard Mark, Mark Fedikow, John Roozendaal and James Clucas be added to the Board of Directors and that Edward D. Ford and Douglas E. Ford be re-elected.



Following the shareholders’ meeting, it is expected that the directors will appoint Rick Mark, Chief Executive Officer and Chairman; Mark Fedikow, President and Chief Operating Officer; and Edward Ford, Chief Financial Officer. Widescope Resources is a Canadian company trading on the OTC Bulletin Board under the symbol WSCRF.



The first focus of North American Nickel will be its two key Sudbury properties. The Post Creek property is strategically located adjacent to the producing Podolsky copper-nickel-platinum group metal deposit of FNX Mining. The property lies along the extension of the Whistle Offset Dyke structure, which is a major geological control for Ni-Cu-PGM mineralization. The Bell Lake property is a 256 acre property that covers approximately 1 km of the Mystery Offset Dyke or “MOD”. The MOD is interpreted to be an extension of the Worthington Offset Dyke which is a 10-11 km long mineralized structure that extends from the southwest margin of the Sudbury Igneous Complex.



Rick Mark, VMS Ventures Inc. CEO states;



“VMS has been looking for a way to maximize the value of its nickel assets for almost two years. The Company has been focused exclusively on its Reed Lake copper discovery and its extensive VMS exploration property portfolio in Manitoba for the last 30 months, so the nickel properties have been sitting dormant. Mark Fedikow’s previous exploration experiences in Sudbury have led VMS to certain property opportunities which have been the subject of negotiation for the past eight months.

The VMS board has been hesitant to raise equity on the VMS capital structure at current price levels and has decided that a significant ownership in this nickel-focused company, with Sudbury assets added to the property portfolio, provides VMS shareholders a bigger, faster upside in this time of strengthening nickel prices. We anticipate both companies to quickly have concurrent exploration and drilling activities in two of the world’s most prolific mineralized regions, the Flin Flon-Snow Lake VMS belt in Manitoba and the Sudbury Basin in Ontario, thereby creating more opportunities for discovery, sooner, for VMS shareholders.

Mark Fedikow will dedicate 75% of his time to his position as President and COO of North American Nickel and 25% of his time as VP Exploration for VMS Ventures. John Roozendaal will sit on the North American Nickel board and continue his full time focus as President of VMS Ventures. North American Nickel’s new geological team will be operating out of Sudbury.” CLICK HERE TO READ MORE



VMS VENTURES INC. OPTIONS BASE / PRECIOUS METAL PROPERTIES, IN THE NORTH RANGE OF THE SUDBURY BASIN



Vancouver, B.C., April 6, 2010. VMS Ventures Inc. (TSX-V: VMS) (the “Company”) is pleased to announce it has optioned three properties in the Sudbury Basin from prospector and owner John Brady. They are the Black Creek, Terra Incognita and Golden Pine properties, all of which are located in the North Range of the Sudbury Basin.



Previous operators mounted geophysical and geochemical exploration programs on each of the three properties, but were unable to undertake follow-up programs to further refine and drill test anomalies. The properties are characterized by a wide range of mineral deposit types, however it is the untested base metal massive sulphide-type of mineralization that provides VMS Ventures with excellent opportunities to discover base metal resources in the Sudbury area. Mineral deposit types present on the three properties include:



1. Zinc-copper base metal massive sulphide-type mineralization;

2. Base metals and associated gold in iron formation;

3. Epigenetic gold-silver-pyrite-quartz-carbonate veins;

4. Placer gold and rare earth elements in Pleistocene outwash sand and gravel; and

5. Uranium mineralization in Mississauga Formation quartz-pebble conglomerate.



VMS Ventures’ CEO Rick Mark states, VMS became aware of these polymetallic properties through VP Exploration, Mark Fedikow’s Sudbury experiences and his work in assembling the Sudbury property package for the VMS spin out company, North American Nickel. I am particularly pleased that the agreement structure allows VMS to proceed without pressure from work expenditure commitments, and so we will be able to build these three properties into our 2011/2012 property drill readiness schedule and not take away from our 2010 plans focusing on the Copper, Sails Lake and Morton Lake projects in Manitoba.” CLICK HERE TO READ MORE





For further information, Phone (604) 986-2020 or Toll Free 866 816 0118
or visit our website http://www.vmsventures.com

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