QMC Irgon Lithium MINE Project Update
Suite 440 - 755 Burrard Street, Vancouver, British Columbia V6Z 1X6
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
QMC IRGON LITHIUM MINE PROJECT UPDATE
April 21, 2020 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX. V: QMC) (FSE: 3LQ)
(OTC PINK: QMCQF) (“QMC” or "the Company") is pleased to provide a corporate update. The Company has
had recent discussions with Sinomine Group Co., Ltd. (“Sinomine”) to process spodumene material from the Irgon
Lithium Mine Property at the TANCO plant. The TANCO plant is easily accessible, located approximately 20km
directly south of the Irgon Lithium Mine Property via Highway 314. Processing of material at the TANCO plant would
eliminate the requirement for a concentrator. Sinomine personnel from China have indicated that they would like to
visit the Irgon Mine Property as part of their due diligence accompanied by their local management. Discussions were
productive and remain on-going. During August 2019, Sinomine signed a memorandum of understanding to process
spodumene material from the Thomson Brothers Lithium Project in northern Manitoba, located approximately 950km
northwest by rail.
QMC would like to thank Sinomine Resource Group and their subsidiary TANCO for providing the company access
to the historic drill core from TANCO’s 1978 drill program. At that time, a total of 22 drill holes were drilled on the
Central and Mapetre pegmatite dikes which are now located within the Irgon property. The re-assayed core confirmed
additional spodumene material can be supplied from the Central and Mapetre dikes for processing. The best Mapetre
Dike intersection QMC received from the re-assay of the TANCO core was 0.32% Li2O over 16.61 metres, including
0.52% Li2O over 8.69 metres. The best i ntersection from the Central Dike was 1.28% over 3.81 metres, including
2.97% Li2O over 1.22 metres. Two additional sample intervals from drill holes on the Central Dike re-assayed 1.50%
over 1.52 metres and 1.04% over 1.52 metres. These results demonstrate that there is significant exploration potential
for the Irgon Property to host other large, spodumene -bearing pegmatite dikes, in addition to the Irgon Dike , as the
Central and Mapetre Dikes are located on opposite ends of a completely unevaluated, 1,100-metre (3,600-foot) long,
100-metre (328-foot) to 350-metre (1,148-foot) wide lithium geochemical soil anomaly.
Qualified Person
The technical content of this news release has been reviewed and approved by Bruce E. Goad, P. Geo. , 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, ra re metal 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
604-601-2018
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.