QMC Identifies Additional Spodumene-Bearing Pegmatite Dike
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
QMC IDENTIFIES ADDITIONAL SPODUMENE-BEARING PEGMATITE DIKE
October 17, 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 Lithium Mine Project located within the prolific Cat Lake-Winnipeg River rare-element pegmatite field of S.E.
Manitoba, which also hosts Cabot Corporation’s nearby Tantalum Mining Corporation of Canada (“ TANCO”) rare-
element pegmatite.
In conjunction with the recent SGS Canada Inc. property site visit, QMC personnel have confirmed significant visual
spodumene mineralization in the Mapetre Pegmatite Dike.
The Mapetre Dike, located east of the Central Dike, can be seen in two historic pits. In these pits, QMC crews have
identified large crystals of spodumene mineralization. Personnel will first clear along the entire strike length of the
Mapetre Dike prior to QMC undertaking a program of systematic channel sampling. Representative, spodumene-
bearing chip samples have been taken from the Mapetre pits, which have the same mineralogical characteristics as the
4.16% high-grade sample obtained from the Central Dike. These samples have been sent for assay and the Company
is anticipating them to produce similar elevated lithium results.
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 documente d
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% Li2O 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 meter s. 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 thi s 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, 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. For more information visit www.QMCMinerals.com
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 d efined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.