QMC Reports Historic Li2O Assays from Drill Program ON the Irgon Lithium MINE Property
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
QMC REPORTS HISTORIC Li2O ASSAYS FROM DRILL PROGRAM ON THE IRGON LITHIUM MINE PROPERTY
April 16, 2018 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.v: QMC) (FSE: 3LQ) (OTC PINK:
QMCQF) (“QMC” or "the Company") is pleased to disseminate the historical drilling results reported ( Manitoba AR
#94932) by the Lithium Corporation of Canada (“LCOC”). These historical assays were obtained during LCOC’s 195 3/54
drilling program on the Irgon Dike. The Irgon Dike is located at the company’s 100% owned Irgon Lithium Mine Project,
within the prolific Cat Lake-Winnipeg River Pegmatite Field of S.E. Manitoba , which also hosts the nearby TANCO rare-
element pegmatite.
LCOC collared 25 historic drill holes on the Irgon Dike. The drill hole projections can be viewed in the 3-D model released
by QMC on March 28, 2018 , which illustrates clearly that, to date, exploration and underground development have
been only undertaken on the upper and central portions of the dike, leaving significant potential to quickly increase
tonnage as the Irgon Dike is open both along strike and to depth. The 2017 channel sample locations and surface
exposure of the dike are also indicated on the model.
These data from the historic drill intersections of the Irgon Dike compare favourably to the 2017 QMC surface channel
samples released in the company’s news release of March 05, 2018 . These results are documented in the LCOC’s
assessment report (Manitoba AR #94932) and these historical data are reproduced below as Table 1.
Table 1: Historic Li2O Assay Results of LCOC’s Sampling of Pegmatite Intersections Cut During Their 1953/54 Diamond
Drill Program on the Irgon Dike.
DDH
NO.
Width
(m)
True
Width
(m)
Lithium
Grade
(% Li2O) Notes
DDH
NO.
Width
(m)
True
Width
(m)
Lithium
Grade
(%
Li2O) Notes
1A 17.3 12.2 1.01 6A 11.1 8.8 1.62
2A 12.1 10.1 1.84 Lost 0.6 feet of pegmatite core 7A 5.0 3.4 1.16
2B 12.0 9.1 1.37 8A 1.9 1.7 2.88
2C 6.4 5.0 1.33 8B 6.4 5.2 1.55
2D 2.5 2.1 2.00 8C 3.1 2.7 1.18
3A 12.7 11.6 1.54 Lost 0.7 feet of pegmatite core 8D 1.9 1.4 1.18
4A 10.9 9.5 2.21 Lost 0.4 feet of pegmatite core 9A 5.6 4.5 0.88 Lost 4.8 feet of pegmatite core
5A 17.8 14.0 1.38 10A 5.2 4.3 1.46
5B 5.2 4.9 1.64 11A 6.2 4.9 1.29 Lost 0.8 feet of pegmatite core
5C 3.2 3.0 1.42 Visible spodumene over 1.4
feet not included in assay
interval
11B 0.0 0.0 0.00 Missing core data
5D 7.0 5.5 1.85 11C 5.8 4.6 1.73
5E 0.0 0.0 0.00 Lost hole 11D 2.7 2.0 1.42
5F 7.0 6.4 1.31 12A 3.1 2.4 0.97
The 3-D model will be expanded as results from ongoing and future exploration programs on the property are received
by the Company. This 3-D model can be viewed by following the link to the company’s website
(https://qmcminerals.com).
The upcoming drilling program is expected to confirm extensions to the strike length of the Irgon Dike and test
mineralization to depth below the current level of historical drilling within the dike; both of which are expected to
rapidly increase the resource tonnage above the currently reported historical tonnage of 1.2 million tons. Data received
from the proposed drill program will be used in preparation of a NI -43-101 report.
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 cont est 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.
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
During this historical 1950 -era work program, a complete mining plant was installed onsite, designed to process 500
tons of ore per day ; 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 the mine buildings
were removed and the shaft sealed in 1963.
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 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
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.