QMC Identifies Huge Lithium Anomaly
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 HUGE LITHIUM ANOMALY
March 1, 2018 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.v: QMC) (FSE:
3LQ) (OTC PINK: QMCQF) (“QMC” or "the Company"). Following a thorough assessment of all
historical data available in the public record for the Irgon Property, QMC is pleased to provide the following
information on its 100% owned Irgon Lithium Mine Project, S.E. Manitoba.
In 1978, the Tantalum Mining Corporation of Canada (“TANCO”) evaluated the pegmatite dikes in the Cat
Lake Area for potential sources of tantalum to be utilized as feed for the TANCO mill which is located
approximately 20km south of the Irgon Property. During this p rogram TANCO undertook a lithium
lithogeochemical survey over the area south of Cat Lake, between the Mapetre and the Central Pegmatite
Dikes. The stated purpose of this study was to delineate potentially buried, or new tantalum -bearing
pegmatite occurren ces on the property. A large, apparently relatively untested lithium anomaly was
identified in the TANCO assessment report (Manitoba AR92681). Figure 5 of this report indicates that this
lithium anomaly strikes generally east west and is approximately 11 00m long. The width of the irregular
shaped anomaly is approximately 100m at the east end, widening to approximately 350 metres at the west
end. The TANCO assessment report indicates that the “breath and length of this feature is such that it
cannot be accounted for by the known pegmatites in the area”. It appears that although recommended to
do so, this lithium anomaly was never fully tested by TANCO; at that time TANCO had no interest in
producing lithium. TANCO did drill into the anomaly along the very western edge in the area of the Central
Dike (20 short DDH) and at the eastern end of the anomaly into the Mapetre Dike (2 short DDH) to test
both these dikes for tantalum mineralization; however, the central 800 metre portion of this large lithium
anomaly between the Central Dike and the Mapetre Dike, appears to have remained untested. During the
1978 exploration program, all pegmatite core recovered from this TANCO drilling collared both along the
western portion of this anomaly in the area of the Cen tral Pegmatite and along the eastern edge of the
anomaly at the Mapetre Dike was assayed for only tantalum (Ta) and tin (Sn); NO lithium assays were
requested even with spodumene mineralization noted in the drill logs.
QMC will evaluate this entire area during 2018.
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 have any reason to contest the
document’s relevance and reliability. The ongoing detailed channel sampling and a s ubsequent 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 wo rk 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.
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
On the 61-metre level, lateral development was extended off the shaft for a t otal 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.
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 t he
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 properties. Its objective is to locate a nd 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
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release.