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VMS:TSX.VSan Francisco Hard Assets
Investment Conference
November, 2010
Discovering High Grade Copper Deposits in Manitoba, Canada
FORWARD-LOOKING STATEMENTS
NOTE:
Some of the statements contained herein may be forward-lookingstatements which involve known and unknown risks and uncertainties.Without limitation, statements regarding potential mineralization andresources, exploration results, and future plans and objectives of theCompany are forward-looking statements that involve various risks. Thefollowing are important factors that could cause the Company’s actualresults to differ materially from those expressed or implied by suchforward-looking statements: changes in the world wide price of mineralcommodities, general market conditions, risks inherent in mineralexploration, risks associated with development, construction and miningoperations, the uncertainty of future profitability and the uncertainty ofaccess to additional capital. There can be no assurance that forward-lookingstatements will prove to be accurate as actual results and futureevents may differ materially from those anticipated in such statements.VMS Ventures Inc. undertakes no obligation to update such forward-lookingstatements if circumstances or management’s estimates or opinionsshould change. The reader is cautioned not to place undue reliance onsuch forward-looking statements.
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 October2010 – 2011 Work PlanNorth American Nickel – 45% VMS ownership
Discovering High Grade Copper Deposits in Manitoba, Canada
VMS VENTURES INC.
CAPITAL STRUCTURE(as at November 15, 2010)
Issued & Outstanding: 114,717,955Options: 11,138,800Fully Diluted: 125,856,755
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.
Large, 100% held, highly prospective land package in the prolific Flin Flon – Snow Lake Greenstone Belt of Manitoba.
4 Properties slated for drilling in 2010-2011.
QUICK FACTS
FLIN FLON GREENSTONE BELT
• Largest Proterozoic VMS District in the world.
• Most prolific greenstone belt in Canada in terms of $ value of production/km2.
• Continuous production for past 80 years
• 183 million tonnes from 27 mines.
• VMS mines/deposits rich in copper, zinc, gold and silver.
• Deposits typically occur in clusters.
• Gold mines/deposits throughout belt.
MAP AREAA WORLD CLASS VMS CAMP
SNOW LAKE BELTSNOW LAKE BELT
Lalor Lake(Hudbay)Lalor Lake(Hudbay)
Reed Lake(VMS Ventures Inc.)Reed Lake(VMS Ventures Inc.)
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
VTEM AIRBORNE GEOPHYSICAL COVERAGE OVERSNOW 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.
REED LAKE DISCOVERY
• Discovery hole by VMS Ventures Inc. RD-07-07 October 4, 2007:
43.05 m @ 4.38% Cu 1.56% Zn0.85 g/t Au
13.09 g/t Ag• 72 holes drilled from July, 2007 to
September, 2008.High Grade Cu Intercepts
RD-08-53: 61.96 m @ 5.96% Cu RD-08-61: 100.19 m @ 3.59% Cu
RD-08-41: 33.46 m @ 10.36% CuIncl. 28.08 m @ 13.03% CuIncl. 5.00 m @ 16.30% Cu
History
RD-08-36: 81.07 m @ 3.54% Cu
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.
AERIAL VIEW OF THE REED LAKE DEPOSIT
Provincial Road # 39
Tower Zone Option
Reed Lake Joint Venture
Snow Lake 75 kmReed Lake Deposit(projected to surface)
Flin Flon 115 km
REED LAKE DEPOSIT GEOLOGY PLAN MAP
Rhyolite flowsRhyolite tuff
Basalt flows
QFP
A lens (Cu-rich)A
B
C
B lens (breccia)
C lens (Zn-rich)
HUDBAY PHASE 1 PLAN
N
Purpose:• Confirm / refine current model.• Produce NI 43-101 compliant
resource calculation.• Follow mineralization to depth.
Proposed Phase 1 Program:
Plan
CompositeCross SectionSection(Looking 315°)
100 m
100 mCredit: HBED September, 2010
• Drill 20 to 24 holes totaling 7 km on six section lines 50 m apart.
• Down hole 3-component EM surveys.
• Commence with one drill, ramp up to two drills once deposit geometry is confirmed. Possibly add a third drill to resurvey and cement previously drilled holes if required.
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.
REED LAKE: HOW BIG CAN IT GET?
• Reed Lake Deposit produces strong, coincident VTEM EM and magnetic anomalies.
• Magnetic data suggest the deposit plunges northwest.
• VTEM EM anomalies do not follow magnetic anomaly along the interpreted plunge line, however; this is to be expected as steeply plunging mineralization would quickly exceed the vertical detection limit (~300 m) of the VTEM system.
• Reed Lake Deposit produces strong, coincident VTEM EM and magnetic anomalies.
• Magnetic data suggest the deposit plunges northwest.
• VTEM EM anomalies do not follow magnetic anomaly along the interpreted plunge line, however; this is to be expected as steeply plunging mineralization would quickly exceed the vertical detection limit (~300 m) of the VTEM system.
REED LAKEJOINT
VENTURE REEDLAKE
PROJECT
NORTHWESTZONE
OPTION
SUPER ZONEOPTION
NORTHEASTZONE OPTION
TOWER ZONEOPTION
REED LAKE DEPOSITREED LAKE DEPOSIT
Plunge ?Lens C
Lens ALens A
ORE BODIES TEND TO GROW IN THE FLIN FLON BELT
After K. Gilmore (Hudbay Minerals), 2007
SAILS LAKE: DRILLING IN OCTOBER / 2010
SAILS LAKESAILS LAKE• 25 km east of Snow
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.
25 kmProject Background
2010-2012 WORK PLAN
Q3 Q4Reed Lake ProjectDrillingDrill ResultsMetallurgical StudiesGeotechnical StudiesResource EstimateDelineation DrillingPrefeasibility Study WorkSails Lake ProjectGeophysics Drill Permitting Target Selection Drilling Drill ResultsProject EvaluationCopper ProjectGeophysics Target SelectionDrillingDrill Results Project EvaluationMorton Lake ProjectGeophysics Target SelectionDrillingDrill ResultsProject EvaluationLeak Lake ProjectGeophysics Target SelectionDrillingDrill ResultsProject EvaluationMcClarty Lake ProjectGeophysics Target SelectionDrillingDrill ResultsProject EvaluationPuella Bay ProjectGeophysics Target SelectionDrillingDrill ResultsGeochemical SurveysProject Evaluation
Q42011 2012
Q1 Q2 Q4 Q1Q3 Q22010
Q3
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: WSCRFWSCRF: OTCBB
VMS VENTURES INC.
CAPITAL STRUCTURE(as at November 15, 2010)
Issued & Outstanding: 114,717,955Options: 11,138,800Fully Diluted: 125,856,755
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.
Large, highly prospective land package in the prolific Flin Flon – Snow Lake Greenstone Belt of Manitoba.
4 Properties slated for drilling in 2010-2011.
QUICK FACTS