QMC Doubles Strike Length of Irgon Dike to 800 Metres
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
QMC DOUBLES STRIKE LENGTH OF IRGON DIKE TO 800 METRES
October 30, 2018 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX. V: QMC) (FSE: 3LQ)
(OTC PINK: QMCQF) (“QMC” or "the Company") is pleased to provide an update on the company’s 100% owned
Irgon Mine Project located within the prolific Cat Lake -Winnipeg River rare-element p egmatite field of S.E.
Manitoba, which also hosts Cabot Corporation’s nearby Tantalum Mining Corporation of Canada (“TANCO”) rare-
element pegmatite.
During the recent SGS Canada Irgon P roperty site visit, c ompany personnel identified significant spodumene
mineralization in pegmatite dikes that outcrop north of Cat Lake, immediately west of the Irgon Dike. Spodumene
mineralization was identified in numerous localized pegmatite exposures, directly on strike with and as far as 400
meters west of the Irgon Shaft.
This observation of pegmatite outcrops containing significant visual spodumene mineralization a nd the fact that it
occurs on the same dike trend as the Irgon Dike, suggests to QMC geologists that the Irgon mineralization continues
westward. This indicates a potential for the original historic resource estimate (1.2MT at 1.51% Li 2O) published for
the Irgon Lithium Mine to be rapidly increased through ongoing exploration.
QMC plans to initiate an exploration program in this area , during which this western dike zone will be stripped and
washed leading into a program of channel sampl ing and drilling. This will allow the company to determine whether
this zone is the western extension of the Irgon Dike or if it is an entirely new mineralized pegmatite system. Either
way, as this new mineralized zone is being evaluated, it could quickl y add potential resource ex pansion within the
Irgon Project.
HISTORICAL RESOURCE
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 believed to be based on reasonable assumptions, and neither the
Company nor the QP has any reason to contest the document’s relevance and reliability. The detailed channel sampling
and a subsequent drill program will be required to update this historical resource to current NI 43 -101 standards.
Historic metallurgical tests reported an 87% recovery from which a concentrate averaging 5.9% Li 2O was obtained.
During this historical 1950-era work program, a complete mining plant was installed onsite, designed to process 500
tons of ore per day, and 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 seven crosscuts transected
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.
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
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 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
Neither the TSX Venture Exchange nor its Reg ulation 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.