VMS Ventures Inc. (TSXV:VMS) reported progress on the Reed mine JV, near Flin Flon, Manitoba.
As quoted in the press release:
VMS Ventures announced today that Hudbay has completed a total of 1,505 metres of lateral development on the project to the end of September, which includes an advance of 250 metres in September that averaged 8.3 metres per day. The first Reed ore batch test was processed at Hudbay’s Flin Flon mill in September.
Other highlights during the month include completion of the underground powder and cap magazine, wash bay and the refuge station. A new production drill was received and the camp is now finalized for the crews. The operation has worked over 565 days without a lost time accident as of the end of September.
Full production remains on schedule to commence by the second quarter of 2014 and the project remains within the estimated budget parameters.