QMC Announces Completion of 2017 Channel Sampling Program
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
QMC ANNOUNCES COMPLETION OF 2017 CHANNEL SAMPLING PROGRAM
December 20, 2017 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.v: QMC) (FSE:
3LQ) (OTC PINK: QMCQF) (“QMC” or "the Company") is pleased to report that the company has now
completed its fall sampling program and has submitted a total of 144 sawn channel samples for analysis
(excluding standards and blanks) to SGS Labs in Lakefield, Ontario. To date, a total length of 139.1 metres
(456.4 feet) of channel sampling has been completed from eleven sawn channel locations and cut across
the width of the Irgon Dike. This includes the 104 samples (including standards and blanks) mentioned in
the company’s December 04, 2017 news release.
Requested analysis of all channel samples currently delivered to, and received by SGS Labs in Lakefield,
Ontario consists of sodium peroxide fusion, ICP-AES and ICP MS scans for 56 elements including Li, Ta,
Nb, Cs, Rb and B e; all elements which may potentially be found within the Winnipeg River area rare
element-bearing pegmatites.
The Company expects the results from first set of samples to be ready in January 2018.
Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and
subsequently reported a historical resource estimate of 1.2 million tons grading 1.51% Li20 over a strike
length of 365 meters and to a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This
historical resource is documented in a 1956 Assessment Report by B. B. Bannatyne for the Lithium
Corporation of Canada Ltd. (Manitoba Assessment Report No. 94932). This historical estimate is beli eved
to be based on reasonable assumptions and neither the company nor the QP have any reason to contest
the document’s relevance and reliability. The ongoing detailed channel sampling and a subsequent drill
program will be required to update this historic al resource to current NI 43 -101 standards. Historic
metallurgical tests reported an 87% recovery from which a concentrate averaging 5.9% Li2O was obtained.
During this historical 1950 era work program, a complete mining plant was installed on site designe d to
process 500 tons of ore per day and in addition, a three -compartment shaft was sunk to a depth of 74
meters. On the 61-metre level, lateral development was extended off the shaft for a total of 366 meters of
drifting from which six crosscuts transecte d the dike. The work was suspended in 1957, awaiting a more
favourable market for lithium oxides and at this time the mine buildings were removed.
The mineral reserve cited above is presented as a historical estimate and uses historical terminology which
does not conform to current NI43 -101 standards. A qualified person has not done sufficient work to classify
the historical estimate as current mineral resources or mineral reserves. Although the historical estimates are
believed to be based on reasonable assumptions, they were calculated prior to the implementation of National
Instrument 43-101. These historical estimates do not meet current standards as defined under sections 1.2 and
1.3 of NI 43-101; consequently, the issuer is not treating the historical estimate as current mineral resources
or mineral reserves.
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.
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
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 metal
and resource p roperties 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.
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.