QMC Completes Review of 2011 Assessment Work Program on Irgon Lithium Mine
19 October 2017 - 12:00AM
QMC Quantum Minerals Corp., (TSX-V:QMC) (FSE:3LQ)
(OTC PINK:QMCQF)
(“QMC” or "the Company"), has
completed its review of the 2011 assessment work program conducted
on the Irgon Lithium Mine property as reported to the Company by D.
Fogwill, P.Geo. on behalf of 101162742 Saskatchewan Ltd.
Based on this review, the Company has immediately initiated an
exploration program comprised of stripping overburden to expose the
Irgon Dike completely along the strike length. Subsequently, the
Company will begin a program of channel sampling across the dike
along the entire strike length of the dike designed to confirm and
extend the zone of known spodumene (lithium) mineralization.
Previous operators of the site, focused their exploration and
development work solely on contained lithium (spodumene)
mineralization. The current program will evaluate the Irgon Dike
for contained lithium, cesium, beryllium and tantalum content in
addition to other elements often associated with these deposits
such as, niobium, tin, and rare-earth elements (REE).
A diamond drilling program is currently being
planned for a 2018 Phase 2 exploration program, which is expected
to confirm and potentially extend the zone of spodumene
mineralization within the Irgon pegmatite as well as undertake a
more targeted regional drilling designed to evaluate other
pegmatites within the property identified as being prospective
during the 2011 program. The mineralized zone as currently defined
by the historic development within the Irgon Dike remains open in
all directions.
The focus of the 2011 exploration program was
designed to identify possible extensions to the Irgon dike and
identify other mineralized lithium-bearing pegmatite dikes that are
known to occur within the company’s Cat Lake Property which at that
point consisted of 968 ha under the Cat 2, Eryikur 1, 5, 7 and 11
mineral claims.
A three-person field crew spent 39 days
prospecting the claims. A total of 17.5 kilometres of
traverse lines was intensely prospected. A total of 88 grab samples
was obtained and analyzed for 26 elements (ICPMS) including lithium
(Li), rubidium (Rb), tin (Sn), niobium (Nb), tantalum (Ta) and
beryllium (Be).
Eight of the 2011 grab samples returned with
lithium values greater than 2000 ppm. Sampling also indicated dikes
with elevated rubidium (greater than 2000 ppm), beryllium (greater
than 1000 ppm) and tantalum (to 280 ppm) which suggests that other
dikes on the property will require additional evaluation.
Samples breaching the upper detection level of the ICP-MS process
utilized to acquire these elevated lithium, rubidium and beryllium
results were not resubmitted for assay. All targets
identified on the property will be re-evaluated.
Qualified Person and NI 43-101
Disclosure The technical content of this news release has
been reviewed and approved by Bruce E. Goad, P. Geo. who is a
qualified person as defined by National Instrument 43-101.
About the Company 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, and the Carrot River Gold
Property. Currently, all of the company’s properties are located in
Manitoba.
On behalf of the Board of Directors
of
QMC QUANTUM MINERALS CORP.
“Balraj Mann” Balraj Mann President and Chief
Executive Officer
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this news release.
Tel: (604) 601-2018Email: info@qmcminerals.com
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