The Reminder is making its archives back to 2003 available on our website. Please note that, due to technical limitations, archive articles are presented without the usual formatting.
Progress continues at the Reed mine between Snow Lake and Flin Flon. VMS Ventures, which co-owns the project along with Hudbay, says recent highlights of the project include: Ramp development had advanced a further 142 metres, taking the total development to 819 metres for the project as of last week. Escape and ventilation raises from surface and camp expansion have been completed. Construction of diesel fuel and surface oil containment areas has been completed. The project remains on schedule and is forecast to be completed on budget by the end of March 2014. 'While the rate of ramp development slowed in March due to difficult ground conditions, advancement has since returned to the planned rate and the project remains on time and on budget,' said Neil Richardson, chief operating officer for VMS. 'We remain impressed with our partner Hudbay...and its ability to keep the project on schedule while maintaining a strong safety record with 473 days without a lost-time accident to date on the project.' VMS also announced it has granted incentive stock options to certain employees to purchase up 150,000 common shares in the capital of the company pursuant to its stock option plan. Neither the TSX Venture Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of information supplied by VMS. _ Compiled from a VMS Ventures news release
