yup, the 2 claim blocks in the last release are 2 of the claims that make up the reed lake deposit and are the claims that have the disputed boundary

also

The Letter of Intent also provides that, concurrently with the entering into of the Joint Venture Agreement, VMS and HudBay will enter into an Option Agreement that grants HudBay the option to earn a 70% interest in four adjacent properties held by VMS, including the Tower Zone and Super Zone properties. Upon making certain cash payments and meeting work commitments over two to three years with respect to each property, HudBay will earn a 70% interest in the applicable property resulting in a new Joint Venture between VMS and HudBay on substantially the same terms as the Reed Lake Joint Venture. Any failure to make the required cash payments and work commitments with respect to a particular property will result in such property reverting to 100% ownership by VMS, but will not affect HudBay’s option over the other properties.

vms finds em, hbm mines them! if you read each release containing to HBM since the LOI was announced, all the subtext points to a strong working relationship, which makes it seem odd its taking so long.. maybe a few to many brews during negotiations