QBOT - Completes first phase exploration of the Kahuna Project
NEWS RELEASE
April 16, 2019
QUANTUM COBALT COMPLETES FIRST PHASE EXPLORATION ON THE KAHUNA PROJECT
Vancouver, British Columbia – Quantum Cobalt Corp. (CSE: QBOT; OTC: BRVVF; FRA: 23B) (“Quantum”
or the “Company”) has completed the first phase of explora tion at the Kahuna Cobalt Property
(“Kahuna” or “the property”).
The first phase of exploration was completed over a 24 day period and included extensive soil sampling,
prospecting and trenching. Soil sampling covered the length of the project area, targeting the Nipissing
Lorrain Diabase for Cobalt mineralisation within calcite veins. Positive results from the soil program in
2017 proved the utility of soils as a method of analysis. The 2018 program was designed to cover the
prospective zones throughout t he property, as well as completing in -fill samples over last year’s
anomalies. A total of 775 soil samples and 13 rock grab samples were collected and submitted for assay
to Bureau Veritas in Vancouver, BC (ISO/IEC 17025:2005 and ISO 9001:2015).
Of the 1 3 rock samples collected, 11 returned Co values >0.4% (detection limit). Two of th ose samples
also contained 1.068% Ni with 3.4 g/t Ag and 1.08% Ni with 7.9 g/t Ag respectively.
Table 1: Rock sample results from the 2018 program
Sample ID Easting Northing Type Cu_PPM Ag_g/t Ni_% Co_% Bi_PPM
3216776 605644 5219487 Rock 281.50 1.90 0.37 >0.4 1032.60
3216777 605644 5219487 Rock 125.20 3.40 1.07 >0.4 1159.10
3216778 605644 5219487 Rock 155.10 0.80 0.16 >0.4 899.10
3216779 605644 5219487 Rock 352.60 1.70 0.20 >0.4 192.60
3216780 605644 5219487 Rock 241.60 4.00 0.19 >0.4 1426.80
3216781 605644 5219487 Rock 148.40 1.60 0.17 >0.4 225.10
3216782 605644 5219487 Rock 190.80 2.00 0.26 >0.4 316.30
3216783 605644 5219487 Rock 98.00 2.10 0.13 >0.4 4000.00
3216784 605644 5219487 Rock 183.40 2.30 0.12 >0.4 412.20
3216785 605644 5219487 Rock 449.70 5.40 0.44 >0.4 1175.80
3216786 605644 5219487 Rock 433.90 7.90 1.08 >0.4 1394.20
3216787 605236 5220045 Rock 62.00 0.05 0.00 0.02 3.40
3216788 605236 5220045 Rock 71.60 0.05 0.01 0.01 1.40
Preliminary review of results from the soil sampling identified multiple anomalous soil areas, along trend
from historic workings and associated with localised structures. Pe ak values o f u p to 1185.2 ppm Co,
150.6 ppm Ni, 2136.12 ppm Cu and 1.293 ppm Ag were detected in soils across the pro perty. The
anomalies indicate the potential for further mineralisation on the Kahuna property and will help vector
Quantum’s exploration going forward. The current exploration permit provisions for IP geophysics, as
well as additional trenching and in-fill soil sampling.
– 2 –
Figure 1: Co in soils from the 2018 soil sampling program
Rock and soil sample locations were recorded in field notebooks, assay sample tag books and waypoints
on a Garmin 64s GPS unit. Rock samples were collected into individual 18” x 12” poly bags labeled with a
unique 7-character sample ID. A tear-out tag with the barcode and unique sample ID was inserted in the
bag, and the bag sealed with a cable tie in the field . Soil samples were collected from 30 to 60 cm depth
using hand-held geo-tools and soil augers. The lower B and upper C horizon was targeted for sampling,
with the depth, soil horizon, and colour record ed in field books. Each ~200g soil sample was placed into
individually labelled Kraft paper bag with the sample tag and the sample number was written across the
bottom. For the soil program every 20th sample was taken as a field duplicate for QA/QC control.
Table 2: 2018 programs rock and soil sample analysis methods
Number of
Samples Media Method Code Description
775 Soil DY060 Dry at 60C
775 Soil SS80 Dry at 60C sieve 100g to -80 mesh
775 Soil SVRJT Save all or part of Soil Reject
775 Soil AQ250 1:1:1 Aqua Regia digestion Ultratrace ICP-MS analysis
13 Rock PRP-250 Crush 1 kg to ≥70% passing 2mm - Pulverization 250 g
≥85% 75μm
13 Rock MA200 Multi acid – ICP/MS
– 3 –
About the Kahuna Cobalt Property:
Location
The Kahuna Cobalt property is located 14 km northeast of the town of Temagami and 37km south of the
town of Cobalt near the eastern border of Ontario. Th e district is mining friendly having a rich history of
cobalt and silver production. The epicentre of past producing cobalt mines in Ontario.
Property Status and Configuration
The Kahuna Cobalt property is comprised of 77 claim units and covers approximately 1,200 hectares.
Access and Infrastructure
The Property is accessible by boat from Lorrain Lake whic h is accessed by 12 km of we ll maintained
gravel surface roads off of leaving a major paved highway connecting the nearby town of Temagami and
New Liskeard. The property is located 12 km from rail and power distribution lines.
Mineralization
Cobalt and si lver mineralization occurs i n calcite veins within the Nipissing Diabase a s erythrite a nd
native silver. The grade of 5 tonnes of material collected during past production was reported to be 22%
Cobalt, and an assay of 20 oz/t Silver was reportedly obtained from a vein on the property.
History
Friday Mines Limited operated the property in the 1920’s sinking a sha ft and drifting on a 10 inch wide
calcite vein with cobalt mineralization. 5 tonnes of cobalt mineralization was produced with a grade of
22% Co. In the 1960’s, Gibson Mines Limited explored the property and found cobal t and silver
mineralization. An assay of 20 oz/t silver was reportedly obtaine d from a vein as well. More recently, in
1998 a portion of the property was staked and a small soil survey reported cobalt in soil u p to 440 ppm
as well as gold-in-soil anomalies.
The histo rical information for th e Kahuna Cobalt Property provided in Mine ralization and History was
obtained from the Mineral Deposit Inventory Report MDI31M04SE00035. The detai ls of which are
presented to provide a mineral potential and historical work perspective, and any sampling, analytical or
test data underlying the infor mation or opinions have not been verified by a Qualified Person. The
Company intends to include check sampling during the current exploration phase.
Corporate Update
The Company would also like to announce the app ointment of David Greenway to the board of
Directors. Mr. Greenway brings more than two decades of experience in managing, financing and
developing growth strategies for various TSX Venture Exchange- and Canadian Securities Exchange-listed
companies, incl uding involvement in acquisitions, business valuations and investor relations. His ke y
expertise lies in the management and development of junior public resource compani es, especially in
the mining, and oil and gas sector. He has held directorships, senior management and business
development positions, including his role as the chief execu tive officer of Stamper Oil & Gas Corp .,
Veritas Pharma Inc., Chief Consolidated Gol d M ines, SNS Silver Corp., Moneta Resources Inc. and
Sterling Mining Company and his bo ard position in Mountain View Conservation Centre. Mr. Greenway
attended University in Bournemouth, England, where he studied accounting and finance.
The Board of Direc tors now c onsist of Da vid S chmidt, David Greenway, Quinn Field -Dyte, and Von
Torres.
– 4 –
Other Properties
The Company has allowed it’s Grew Creek property to lapse. The Company has also allowed the
Musgrove properties to lapse and is currently in negotiation to settle claims arising from the lapse of
royalty payments payable to the original optionor of the properties.
Qualified Person
G.S. Davidson P. Geo , is t he qualified person as defined in NI 43 -101, that has reviewed and approved
the contents of this press release.
QUANTUM COBALT CORP.
“David Schmidt”
_______________________
David Schmidt, Director
Contact Information:
800 – 1199 West Hastings Street
Vancouver, British Columbia
V6E 3T5
Tel.: 604.283.1722 / Fax: 1.888.241.5996
Forward-Looking Informatio n This news r elease includes certain statements that may be deemed "forw ard-looking
statements". All statements in this release, other than statements of histo rical facts, that address events or dev elopments that
Quantum Cobalt Corp. (the "Company") expect s to occur, a re forward-looking statements. Forward -looking statements a re
statements t hat a re not historical facts and are generally, but not always, identifi ed by the wor ds "expect s", "plans",
"anticipates", "believes", "intends", "estimates", "projects" , "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although the Company believes the expect ations expressed in suc h forward-
looking statements are based on reasonable assumptions, such sta tements are n ot guarantees of future performance and
actual results may differ materially from those in the forward -looking statements. Factors that could caus e the actual results to
differ materially from thos e in forward -looking statements include market prices, exploitation and exploration successes, and
continued availabil ity of capital and f inancing, and general economic, market or business conditions. Inve stors are cau tioned
that any such state ments are no t guarantees of future performance and actual results or de velopments may differ materially
from those projected in the forward -looking statements. Forward-looking statements are based on the beliefs, esti mates and
opinions of the Company's management on the date the statements are made. Except as req uired by applicable securities laws,
the Company undertakes no obligation to update the se fo rward-looking statements in t he event that management's beliefs,
estimates or opinions, or other factors, should change.