QMC Mobilizes Diamond Drill to Irgon Lithium MINE Project
Suite 440 - 755 Burrard Street, Vancouver, British Columbia V6Z 1X6
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
QMC MOBILIZES DIAMOND DRILL TO IRGON LITHIUM MINE PROJECT
February 19, 2019 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.V: QMC) (FSE: 3LQ)
(OTC PINK: QMCQF) (“QMC” or "the Company") is pleased to announce that it has now mobilized a diamond
drill and support crew to the company’s 100% owned Irgon Mine Project located within the prolific Cat Lake -
Winnipeg River rare -element pegmatite field of S.E. Manitoba, which also hosts Cabot Corporation’s ne arby
Tantalum Mining Corporation of Canada (“TANCO”) rare-element pegmatite.
QMC is initiating a two-phase drill program designed to confirm , and subsequently expand the historic resource
published for the Irgon Property (1.2 million tons grading 1.51% Li 2O as previously calculated for Lithium
Corporation of Canada). The initial Phase One of the QMC program will consist of 1500m of NQ drilling in 12 holes;
the first 8 will confirm the grades and widths of the 1953/54 drill results used to calculate the initial, historic resource
which used data obtained in the 1950’s derived by sampling both the initial drill core and underground channel
samples that were taken across the dike from within the currently inaccessible, water-filled workings. The remaining
4 proposed holes will chase the Irgon Dike westward from the area hosting the original resource to test the spodumene-
bearing pegmatites identified as the Western Extension of the Irgon Dike thus confirming the westward continuity of
the Irgon Dike.
With the results of the Phase One drilling in hand, QMC has instructed SGS to produce an updated, NI 43 -101
compliant, inferred resource for the central, previously developed part of the Irgon Dike. Testing the westward
extension of the Irgon Dike is expected to add additional inferred tonnage available on the property.
The NQ core will be secured in core boxes at the drill site and transported at the end of each shift to a secure, heated
facility. Here it will be logged, sawn, sampled, bagged and shipped to SGS Labs in Lakefield, Ontario for analysis.
The remaining core will be temporarily stored in the Lac du Bonnet warehouse facility, to be subsequently moved to
a secure storage facility currently onsite at the Irgon Mine as the weather improves.
As with the previous Irgon channel sampling program, QMC will be requesting analysis for 56 elements using a
sodium peroxide fusion followed by Inductively coupled plasma atomic emission spectroscopy (ICP-AES / ICP-
MS).
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% Li2O was obtained.
During this historical 1950s 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 oxide s. During this time,
the mine buildings were removed.
Suite 440 - 755 Burrard Street, Vancouver, British Columbia V6Z 1X6
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 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 an d 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 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.