QMC'S
NAMEW
LAKE DISTRICT SIMILAR
TO LALOR MINE
Vancouver,
British Columbia, Canada -- November 3, 2020 -- InvestorsHub
NewsWire -- QMC Quantum Minerals Corp., (TSX.V:
QMC) (FSE: 3LQ) (OTC
PINK: QMCQF) ("QMC"
or "the Company") begins developing a
proposed work program for its Namew
Lake
District
volcanic
massive sulphide ("VMS") property in
Manitoba.
Highlights
-
World-class
Flin Flon-Snow Lake mining
region,
host
to
11 mines
including Hudbay Minerals Inc.'s ("HBM")
new
deposit,
the Lalor
Mine
-
41 strong
geophysical
targets
identified,
the
largest one being 1.5km long
-
District
scale project with similar geology to the nearby
HudBay's
Lalor
(27.1Mt)
and 777 (21.9Mt)
mines
The
Company will focus the
upcoming exploration program on testing the stronger
of 41
geophysical
targets currently identified on the property.
Twenty-two
of these
targets have been classified by
Garth
Kirkham,
P. Geo (2013)
as
priority targets with potential to
host
deposit-scale VMS mineralization. This NI43-101 report
is available on SEDAR. To date,
positive
results
of limited
drilling
collared
on the property have
suggested
that existing geophysical surveys are an excellent exploration
indicator of subsurface
sulphide
mineralization.
QMC
has
previously drilled one of these
targets, on
the
1,500m
long conductor and intersected
mineralization
at the top of the
conductor.
Two drill holes (RL
12-5 and RL 11-2) intersected significant visible chalcopyrite
mineralization (Figure
1).
Drill
hole RL 12-5 cut a 10m thick, semi-massive sulphide intersection
grading 0.48% Cu (including 0.80% Cu over 1m). Drill hole RL 11-2
was terminated in massive sulphide at a vertical depth of 193
metres. Assays returned grades of 0.26% copper over a 0.3m wide,
semi-massive sulphide intersection which contained approximately
20% iron sulphides. Further, deeper
drilling may develop a larger zone
of additional
significant VMS
mineralization. The
Company postulates
that the top conductor intersected by drilling may be the top of
the first lens alternating between copper and gold much like the
Lalor Mine which has similar geology.
At the
Lalor Mine, and typically all VMS
deposits,
mineralization forms
as
concordant lenses of massive to
semi-massive
sulphide mineralization.
Over time
these
systems
can have several periods of sulphide accumulation forming several
localized lenses of mineralization. This accumulation
of
several distinct
base
metal and gold rich lenses has been identified
at the
Lalor
Mine.
Identification of
these favourable
horizons
can provide a significant pathfinder to
additional
mineralized zones
within the property and may also guide discovery of new zones of
mineralization regionally.
Characteristically,
VMS deposits have a very
predictable
positioning of the
metals, both horizontally and vertically within the
deposit.
Gold
concentrations generally are elevated in the central
copper-rich
zones. These
are typically copper +/-
gold rich zones
in
or
adjacent
to hydrothermally
altered
zones
that develop within fractures. Generally iron
sulphides (pyrite and pyrrhotite) occur with the base metal
sulphides.
Figure
1
Qualified
Person
The
technical content of this news release has been reviewed and
approved by Bruce E. Goad, P. Geo., 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 resource properties of merit. The Company's properties
include the Irgon Lithium Mine Project
and
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.
On
behalf of the Board of Directors of
QMC
QUANTUM MINERALS CORP.
"Balraj
Mann"
Balraj
Mann
President
and Chief Executive Officer
604-601-2018
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