QMC Quantum Minerals Corp. Reviewing Assessment Work ON Irgon MINE Lithium Project
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
QMC QUANTUM MINERALS CORP. REVIEWING ASSESSMENT WORK ON IRGON MINE LITHIUM
PROJECT
September 7, 2017 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.v: QMC) (FSE:
3LQ) (OTC PINK: QMCQF) (“QMC” or "the Company") , is currently reviewing the results of the 2011
assessment work program conducted on the Irgon Mine property as reported by D. Fogwill, P. Geo. on
behalf of 101162742 Saskatchewan Ltd. During t his program , representative rock grab samples were
obtained from along the Irgon Dike and from other potentially rare element -bearing granitic pegmatites
identified within the Irgon Mine property. A reported distance of 17.5 line-kilometres was prospected within
the property. Limited hand trenching, overburden stripping and sampling were also undertaken outward
from the Irgon Mine shaft. A total of 88 grab samples was taken and assayed for lithium and other rare
elements.
Information derived from this program will be utilized to assist planning of the upcoming 2017 work program.
The Company expects geological crews to begin work mid-September.
Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and
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 Bruce Ballantyne for the Lithium Corporation of
Canada Ltd. (Manitoba Assessment Report No. 94932). This historical estimate is believed to be based on
reasonable assumptions and the company/QP has no reason to contest the document’s relevance and
reliability. A detaile d 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 point 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.
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
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
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, and the Carrot River Gold Property . 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.