British Columbia-based resource company QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) (FSE: 3LQ) aims to exploit the untapped resources of the Irgon Mine, a historical lithium mine the company is positioned to explore. An article discussing the company reads: “QMC’s spodumene-bearing Irgon Dike was previously explored and developed underground by a company intent on mining lithium during the mid-20th century, but that project was abandoned because of the low market price for the metal at the time. The company, The Lithium Corporation of Canada Ltd. (“LCOC”), reported a resource estimate of 1.2 million tons of lithium oxide-bearing pegmatite that graded at 1.51 percent Li2O over a length of 365 meters (1,200 feet) and to a depth of 213 meters (700 feet). Initial historic testing of this ore at that time also reported an 87 percent recovery, from which a concentrate averaging 5.9 percent lithium oxide (Li2O) was extracted. … The historical reporting of this resource estimate was not up to modern National Instrument NI 43-101 reporting standards, so QMC’s first priority is to deliver a current NI 43-101 compliant estimate on the viability of the claims.”
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About QMC Quantum Minerals Corp.
QMC is a British Columbia based company engaged in the business of acquisition, exploration and development of resource properties. Its objective is to locate and develop economic precious, base, rare metal and resource properties of merit. The Company’s properties include the Irgon Lithium Mine project two VMS properties, the Rocky Lake and Rocky-Namew known collectively as the Namew Lake District Project. Currently, all of the company’s properties are located in Manitoba. For more information, visit the company’s website at www.QMCMinerals.com
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