QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Confirms Significant Spodumene Mineralization

May 24, 2019 09:10:01
  • QMC Quantum Minerals is focused on developing its Irgon Lithium Mine
  • The company is working to expand its known area of mineralization in the 1,100-meter-long anomaly at the Central and Mapetre dikes
  • A drill core provided by owners of the nearby TANCO mine site confirmed the presence of significant spodumene mineralization on the Irgon property

QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) engages in the acquisition, exploration and development of natural resource properties. All of the company’s projects are located in the Province of Manitoba, one of Canada’s most mining-friendly, productive and centrally located mining regions. Focusing on spodumene-bearing (lithium) rare-element pegmatites, precious and base metal properties, QMC’s projects include the Irgon lithium mine project and two volcanic massive sulphide (“VMS”) properties — the Rocky Lake and Rocky-Namew — known collectively as the Namew Lake District Project. QMC’s goal is to locate and develop economic precious, base and rare-metal resource properties of merit.

The flagship Irgon lithium mine project consists of the Irgon Dike and several other known spodumene-bearing pegmatite dikes that have been identified within the property. The Irgon project is comprised of 22 contiguous mineral claims that encompass a total of 11,325 acres. The Irgon lithium mine is positioned only 20 kilometers north of the TANCO mine. To date, this mine has been one of North America’s most successful lithium producing operations. As QMC moves forward, it is aggressively working toward having its Irgon lithium mine project be the company’s first property to reach full production (http://nnw.fm/K2Gvc).

During the recent Irgon drill program, the company announced that Cabot Corp., the owners of the nearby Tantalum Mining Corporation of Canada’s (TANCO) mine, had provided QMC with the opportunity to evaluate and re-sample the drill core that TANCO retained in storage from its 1978 drill program. This historical drilling was undertaken on the Central and Mapetre pegmatite dikes, which are also situated within the Irgon property. QMC has confirmed the presence of significant spodumene mineralization in the historical drill core (http://nnw.fm/2QlTU).

In the 1978 logs, visual spodumene was reported. QMC has confirmed, on resampling, that pegmatite was intersected in all drill holes. QMC sawed the half core left in the core box, leaving a quarter of the original core in the TANCO inventory. SGS Labs analyzed the samples obtained from the core for 56 elements, including lithium, tantalum, niobium, rubidium and cesium. Analysis was by sodium peroxide fusion followed by inductively coupled plasma atomic emission spectroscopy (ICP-AES/ICP-MS).

Lithium-ion batteries are used in electric vehicles (EVs), laptops, notebooks, cell phones, power tools and more. Energy & Capital noted (http://nnw.fm/dt6Jc) that “even though the EV business has grown significantly over the past several years, the market is just now prepared to really take off. Global electric vehicle production is expected to increase by more than 30x in the next 15 years alone! And as a result, lithium demand is expected to follow.” This is excellent news for QMC, with the Irgon lithium project moving quickly toward production.

QMC’s 100 percent owned Namew Lake District Property covers the Rocky Lake Discovery, which lies within the world-class Flin Flon/Snow Lake VMS mining district of Northwestern Manitoba. The property encompasses roughly 23,000 hectares. The formerly producing Namew Lake mine, located within the same greenstone belt, is 11 kilometers away and produced 2.57 million tonnes of copper, nickel, gold, silver, palladium and platinum during its five-year mine life. QMC’s initial emphasis is on bringing the Irgon lithium mine property into production. However, the Namew Lake District property remains a very prospective, yet largely untested, project with excellent potential to bring a strong future to QMC.

Headquartered in Vancouver, British Columbia, QMC is at the vanguard in North America to meet the increasing demand in the lithium market. The company is also leveraging opportunities and diversification across the precious and base-metals sectors. With significant historical exploration and development having now been enhanced by recent drilling and sampling results, QMC offers investors the potential for ROI as it focuses on its Irgon and two VMS projects.

For more information, visit the company’s website at www.QMCMinerals.com

NOTE TO INVESTORS: The latest news and updates relating to QMCQF are available in the company’s newsroom at http://nnw.fm/QMCQF

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office