Markets

VMS Ventures Says Drilling Confirms Low-Grade Gold System at Sails Lake Property

VMS Ventures Inc. (VMS.V) is sliding lower today, likely falling in concert with bullion prices, with the gold prospector saying it has completed nearly 1,600 meters of drilling at Sails Lake property in Manitoba, intersecting 58.89 metres of 1.21 grams gold per ton.

Company officials said the Long Zone drilling confirms their geological model for the site indicating a low-grade gold system. They also said additional target zones with coincident chargeability and resistivity anomalies will be reviewed later this summer.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More