QMC Receives Drill Permit FOR the Irgon Lithium MINE 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 RECEIVES DRILL PERMIT FOR THE IRGON LITHIUM MINE PROJECT
March 14, 2018 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.v: QMC)
(FSE: 3LQ) (OTC PINK: QMCQF) (“QMC” or "the Company"). QMC is pleased to report that it has
received a drill permit from the Sustainable Development Office (“SD”) of the Manitoba Government for
its proposed drill program on the Irgon Pegmatite Dike at the company’s 100% owned Irgon Lithium Mine
Project, S.E. Manitoba.
The Company is currently in the process of requesting and assessing bids from drilling contractors prior to
initiating a 2000 metre drill program designed to confirm both the historic Li 2O assays received from the
1953/54 drill program and those obtained from historic sampling across the six cr osscuts on the 200-foot
level in the underground workings. These historic results are reported in Manitoba Assessment Report
#94932.
The Company also intends to drill test for extensions to the mineralized zone on the Irgon Dike below the
currently tested 213 metres (700 foot) depth. In addition, it will evaluate potential lateral strike extensions
both to the east and to the west of the currently furthest known exposure of the outcropping pegmatite dike.
Data received from this drill program in addition to the results of the recent surface channel sampling
program on the Irgon Dike (QMC News Release of March 05, 2018) will be compiled by QMC to update
the non -NI43-101 compliant historic resource of 1.2 million tons of 1.51% Li 2O to current NI43 -101
standards.
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.
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
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
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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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
release.