VMS Ventures reports the Reed Lake Copper Project near Snow Lake continued to move forward last month. The project is owned 30 percent by VMS and Hudbay owns 70 percent and is the operator.
In June ramp development advanced to 819 meters. The escape and ventilation raises from surface, the camp expansion and construction of the diesel fuel and surface oil containment area were completed.
Chief Operating Officer Neil Richardson states the project remains on time and on budget and they are impressed with their partner Hudbay and its ability to keep the project on schedule while maintaining a strong safety record.
The project is forecast to be completed by the end of March next year.