QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Preparing NI 43-101 Report on Irgon Dike

May 7, 2019 10:46:58
  • QMC is in the process of completing an NI 43-101-compliant mineral resource estimate
  • The company is anticipating a significant expansion of the historical mineral estimate
  • The company has discovered and initiated exploration of additional dikes within the project area

The current evolution in computer and vehicle technology, fueled by the lightweight lithium-ion battery, is igniting interest in new lithium production. This has led mineral explorer QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) to push forward, as it continues developing a NI 43-101-compliant resource estimate as the next step toward potential commercial production of lithium at its Irgon Dike in southeast Manitoba. The company also continues to evaluate additional pegmatite dikes known to occur within the project area, with very positive results. The Irgon lithium mine project in Manitoba is part of the Cat Lake-Winnipeg River Pegmatite Field, which also hosts the world-renowned Tantalum Mining Corporation of Canada (TANCO) operation. TANCO is North America’s most successful spodumene and rare element pegmatite-hosted mine.

To update the historic data, QMC recently completed an 18-hole diamond drill program on the Irgon Dike for a total of 2,300 meters of drilling. The core was shipped to SGS Canada’s Lakefield laboratory for assay of 56 elements, including lithium, beryllium, rubidium, cesium, tantalum and niobium (http://nnw.fm/5fU7W). The deepest hole in the 2019 drill campaign cut 14 meters (not true width) of spodumene-bearing pegmatite approximately 130 meters below the surface of the dike, which is well below the 61-meter level of the historic underground exploration, and this intersection confirms that significant spodumene mineralization continues to depth. Initial drill site evaluation of the core by QMC geologists visually identified significant white spodumene mineralization. The core has been cut and sampled, producing examples which were subsequently sent to SGS Lakefield for assay.

QMC believes that it will be able to double the historic mineral estimate of the property. In addition to exploring the spodumene-bearing Mapetre and Central Dikes, both located south of the Irgon Dike, the company has also identified the Irgon West spodumene-bearing pegmatite trending up to 400 meters (1,312.3 feet) west of, and on strike with, the Irgon Dike. As exploration on the property continues, potential tonnage from the Mapetre and Central Dikes, as well as the Irgon West Dike that has been identified as being the potential western extension of the Irgon Dike, suggests that the Irgon Project resource could be significantly increased.

QMC recently reported that assays of surface samples from its Mapetre, Central and Irgon West Dikes, located within the Irgon lithium mine project, identified significant occurrences of spodumene-bearing pegmatite mineralization. Analyses of 10 chip samples obtained from these three dikes identified zones that demonstrate very encouraging levels of lithium oxide, ranging from 2.34 percent over a sample length of 4.1 meters in the Central Dike to 2.79 percent across 7.0 meters in the Irgon West Dike. All samples were analyzed by SGS Laboratory in Lakefield, Ontario. SGS Canada is the consultant providing the NI 43-101-compatible resource report on the Irgon Dike.

“The Company is excited with these initial sampling results as they demonstrate a huge potential to develop additional tonnage within the Irgon Lithium Property (in addition to that tonnage currently being defined by SGS Canada that exists within the upper central portion of the Irgon Dike) as numerous pegmatite dikes on the property host significant spodumene mineralization,” President and CEO Balraj Mann stated in the April 24 announcement (http://nnw.fm/gN3Jb). “An exploration program consisting of overburden stripping and channel sampling of the mineralized dikes is being planned for the upcoming field season to fully define the width, strike length and lithium grade of these dikes.”

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

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