VMS Ventures reports good results in all sectors at their Reed Mine between Flin Flon and Snow Lake in which they have a 30 percent ownership and Hudbay which is the operator 70 percent ownership. They report in January mining activity concentrated on the copper rich zone 20 lens.
Chief Operating Officer Neil Richardson reports as of the end of January the mine had 254 consecutive days with no lost time accidents. He says expectations were exceeded for production and development meters and they have intersected ore on the 210 meter level from both zone 20 and zone 10. He adds high copper grades are anticipated as they continue to develop new working faces within zone 10.
Richardson says their focus continues to be on safety, ore production from zone 20 on the 110 and 135 meter levels and driving the main decline below the 235 meter level.