Q-4 2013 Produced 29,997 Tonnes of 1.96% Copper, 2.72% Zinc
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 20, 2014) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is pleased to update shareholders on the progress made at the Reed mine, near Flin Flon Manitoba during the month of January. VMS Ventures owns 30% of the project and is carried to production. Hudbay Minerals Inc. (TSX:HBM)(NYSE:HBM) ("Hudbay") owns 70% and is the Operator.
During the month of January the project reached a number of milestones including:
- Surpassing 2600 metres of total underground project and pre-production development to date.
- 689 consecutive days with no lost time accidents.
- Ramp advanced to the 135 metre level and pre-production development started.
- Completed the escape raise from the 85 metre level to the 110 metre level.
- Project spending to the end of January is $63 million. The project remains on budget and on schedule for commercial production in the second quarter of 2014.
Please visit the VMS website at http://www.vmsventures.com/investors/photo-gallery to view a slide show of the latest progress on the Reed Copper Project.
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