1. Discovering High Grade Copper Deposits
in Manitoba, Canada
VMS:TSX.V
San Francisco Hard Assets
Investment Conference
November, 2010
2. FORWARD-LOOKING STATEMENTS
NOTE:
Some of the statements contained herein may be forward-looking
statements which involve known and unknown risks and uncertainties.
Without limitation, statements regarding potential mineralization and
resources, exploration results, and future plans and objectives of the
Company are forward-looking statements that involve various risks. The
following are important factors that could cause the Company’s actual
results to differ materially from those expressed or implied by such
forward-looking statements: changes in the world wide price of mineral
commodities, general market conditions, risks inherent in mineral
exploration, risks associated with development, construction and mining
operations, the uncertainty of future profitability and the uncertainty of
access to additional capital. There can be no assurance that forward-looking
statements will prove to be accurate as actual results and future
events may differ materially from those anticipated in such statements.
VMS Ventures Inc. undertakes no obligation to update such forward-looking
statements if circumstances or management’s estimates or opinions
should change. The reader is cautioned not to place undue reliance on
such forward-looking statements.
3. Discovering High Grade Copper
Deposits in Manitoba, Canada
Introduction to VMS Ventures Inc.
Flin Flon – Snow Lake Belt - a World Class VMS
Camp
• Our First Discovery – The Reed Lake Deposit
• HudBay Minerals JV and 4 Option Agreements
• Phase 1 drill program at Reed Lake
• Additional targets…next 2 years
Sails Lake Project – drilling in October
2010 – 2011 Work Plan
North American Nickel – 45% VMS ownership
4. VMS VENTURES INC.
QUICK FACTS
Well funded junior with approximately $13 M
in the treasury.
2007 Discovered the Copper-rich Reed Lake
Deposit in Manitoba, Canada.
• JV Partner HudBay Minerals (T.HBM) is
project operator and financiers of Reed Lake
development. Project ownership is 70%
HBM & 30% VMS.
2010 Reed Lake Budget $3 Million, 7,000
metre drill Program now underway.
CAPITAL STRUCTURE Large, 100% held, highly prospective land
(as at November 15, 2010) package in the prolific Flin Flon – Snow Lake
Issued & Outstanding: 114,717,955
Greenstone Belt of Manitoba.
Options: 11,138,800 4 Properties slated for drilling in 2010-2011.
Fully Diluted: 125,856,755
5. FLIN FLON GREENSTONE BELT
A WORLD CLASS VMS CAMP
MAP AREA
• Largest Proterozoic VMS
District in the world.
• Most prolific greenstone
SNOW LAKE BELT
SNOW LAKE BELT belt in Canada in terms
of $ value of
production/km2.
• Continuous production
Lalor Lake
Lalor Lake
for past 80 years
(Hudbay)
(Hudbay) • 183 million tonnes from
27 mines.
• VMS mines/deposits rich
in copper, zinc, gold and
silver.
• Deposits typically occur
in clusters.
Reed Lake
Reed Lake
(VMS Ventures Inc.)
(VMS Ventures Inc.)
• Gold mines/deposits
throughout belt.
6. DISCOVERY PROGRESSION
• Early discoveries
were made by
prospecting.
• Recent discoveries
made through a
combination of
geological and
geophysical work.
• In addition to
geology and
geophysics VMS
also employs cutting
edge Mobile Metal
Ion (MMI) geo-
chemistry, which is
particularly useful in
the search for
deposits beneath
Phanerozoic cover.
After K. Gilmore (Hudbay Minerals), 2009
7. VTEM AIRBORNE GEOPHYSICAL COVERAGE OVER
SNOW LAKE, MANITOBA PROJECTS
• Many recent
discoveries,
including VMS’s
Reed Lake
Deposit, were
made with VTEM
• VMS Ventures
has flown over
13,000 line-km of
VTEM over its
projects, majority
flown at 100 m
line spacing.
• 3 years and $3
million in work –
ready to drill.
8. REED LAKE DISCOVERY
History
• Discovery hole by VMS Ventures
Inc. RD-07-07 October 4, 2007:
43.05 m @ 4.38% Cu
1.56% Zn
0.85 g/t Au
13.09 g/t Ag
• 72 holes drilled from July, 2007 to High Grade Cu Intercepts
September, 2008.
RD-08-36: 81.07 m @ 3.54% Cu
RD-08-41: 33.46 m @ 10.36% Cu
Incl. 28.08 m @ 13.03% Cu
Incl. 5.00 m @ 16.30% Cu
RD-08-53: 61.96 m @ 5.96% Cu
RD-08-61: 100.19 m @ 3.59% Cu
9. VMS VENTURES – HUDBAY JV & OPTIONS
PROJECTS
VMS-Hudbay JV
• 30-70 joint venture, VMS
carried to production.
• Hudbay is operator.
4 Option Agreements
• Hudbay is operator.
• $2.6 M in cumulative
expenditures to earn 70%.
• Upon discovery VMS is
carried on first $50 million
of expenditures.
• Cumulative $2.8 M paid to
VMS in July, 2010.
10. AERIAL VIEW OF THE REED LAKE DEPOSIT
Flin Flon 115 km
Provincial Road # 39
Reed Lake Deposit
Snow Lake 75 km
(projected to surface)
Reed Lake Joint Venture
Tower Zone Option
11. REED LAKE DEPOSIT GEOLOGY PLAN MAP
B lens (breccia)
Rhyolite tuff Rhyolite flows
C lens (Zn-rich)
QFP
B
A lens (Cu-rich) C
A
Basalt flows
12. HUDBAY PHASE 1 PLAN
Purpose:
• Confirm / refine current model.
Plan
• Produce NI 43-101 compliant
resource calculation.
• Follow mineralization to depth.
Proposed Phase 1 Program:
• Drill 20 to 24 holes
totaling 7 km on six
section lines 50 m apart.
• Down hole 3-component
EM surveys. N
• Commence with one 100 m
drill, ramp up to two
drills once deposit 100 m
Credit: HBED September, 2010
geometry is confirmed.
Possibly add a third drill Composite
to resurvey and cement Cross Section
Section
previously drilled holes if (Looking 315°)
required.
13. REED LAKE PHASE 1 RESULTS TO DATE
• Drill Hole 1. 9.90 metres grading 5.56% Copper
• Drill Hole 2. 38.55 metres grading 3.81% Copper
• Drill Hole 3. 71.69 metres grading 6.69% Copper
• Drill Hole 4. 21.77 metres grading 3.74% Copper
16 more drill holes to be released in the first phase of
drilling at Reed Lake by HudBay Minerals.
14. REED LAKE: HOW BIG CAN IT GET?
•• Reed Lake Deposit produces strong, coincident VTEM EM and
Reed Lake Deposit produces strong, coincident VTEM EM and
magnetic anomalies.
magnetic anomalies.
Lens A •• Magnetic data suggest the deposit plunges northwest.
Magnetic data suggest the deposit plunges northwest.
Pl
Lens A
un •• VTEM EM anomalies do not follow magnetic anomaly along the
ge Lens C VTEM EM anomalies do not follow magnetic anomaly along the
interpreted plunge line, however; this is to be expected as steeply
? interpreted plunge line, however; this is to be expected as steeply
plunging mineralization would quickly exceed the vertical detection
plunging mineralization would quickly exceed the vertical detection
limit (~300 m) of the VTEM system.
limit (~300 m) of the VTEM system.
NORTHWEST SUPER ZONE
ZONE OPTION
OPTION
TOWER ZONE
REED LAKE OPTION
JOINT
REED
VENTURE
LAKE
REED LAKE DEPOSIT
REED LAKE DEPOSIT PROJECT
NORTHEAST
ZONE OPTION
15. ORE BODIES TEND TO GROW IN THE FLIN
FLON BELT
After K. Gilmore (Hudbay Minerals), 2007
16. SAILS LAKE: DRILLING IN OCTOBER / 2010
Project Background 25 km
• 25 km east of Snow
Lake.
SAILS LAKE
SAILS LAKE
• Previously believed
to be underlain by
less prospective
ocean floor rocks.
• Recent mapping and
litho-geochemical
sampling by VMS
showed that it is in
fact underlain by
prospective juvenile
arc rocks.
18. NORTH AMERICAN NICKEL
VMS owns ~45% of
North American
Nickel.
Dr. Mark Fedikow,
President and
COO.
TSX Venture
application
pending.
Projects situated in
Thompson and
Sudbury, the two
most productive
mining camps in
the world class
Circum-Superior
Nickel Belt.
OTCBB: WSCRF
WSCRF: OTCBB
19. VMS VENTURES INC.
QUICK FACTS
Well funded junior with approximately $13 M
in the treasury.
Discovered the Cu-rich Reed Lake Deposit
in Manitoba in 2007.
• JV Partner HudBay Minerals (T.HBM) is
project operator and financiers of Reed Lake
development. Project ownership is 70%
HBM & 30% VMS.
2010 Reed Lake Budget $3 Million, 7,000
metre drill Program now underway.
CAPITAL STRUCTURE Large, highly prospective land package in
(as at November 15, 2010) the prolific Flin Flon – Snow Lake
Issued & Outstanding: 114,717,955
Greenstone Belt of Manitoba.
Options: 11,138,800 4 Properties slated for drilling in 2010-2011.
Fully Diluted: 125,856,755
