QMC Identifies Another 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 ANOTHER SPODUMENE-BEARING PEGMATITE DIKE
January 25, 2018 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.v: QMC)
(FSE: 3LQ) (OTC PINK: QMCQF) (“QMC” or "the Company"). QMC is pleased to provide the
following update on exploration activities at its 100% owned Irgon Lithium Mine Project, S.E. Manitoba.
Another pegmatite dike, has been located approximately 50 metres north of the east end of the Irgon
Dike. During the initial examination, localized spodumene mineralization was noted. The dike was
channel sampled during the 2017 fall program. Eleven, approximately one metre long, channel samples
(totalling 9.7m) were obtained across this dike. Assay results are pending.
Two pegmatite dikes comprise the dike as observed in outcrop. The dikes are subparallel to each other
with only approximately 20 meters defined strike length currently exposed on surface. The apparent
width of the dike ranges between 0.40 and 2.6 meters. The dikes are separated by a distance of
approximately 4 to 9 meters and both appear to pinch out along strike. It is currently unclear if the dikes
are the same dike or two separate dikes. The dikes are observed trending generally north-east to south-
west; the dip of either dike has yet to be confirmed.
Requested assay analysis of all channel and grab samples currently delivered to, and received by SGS Labs
in Lakefield, Ontario consisted of a sodium peroxide fusion and subsequent ICP-AES and ICP MS scans for
56 elements including Li, Ta, Nb, Cs, Rb and Be - all elements which may potentially be found within the
Winnipeg River area rare element-bearing pegmatites.
This, along with all other dikes known to exist on the property will be further evaluated during the 2018
field season.
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 Lithi um
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 have any reason to contest the
document’s relevance and reliability. The ong oing 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 on site designed 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 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.
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
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 res ources 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.
About the Company
QMC is a British Columbia based company engaged in the business of acquisition, exploration and
development of resource pr operties. 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
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.