QMC Reports Lithium Assay Results to 2.79% Li2O from Mapetre, Central and Irgon WEST Dikes
Suite 440 - 755 Burrard Street, Vancouver, British Columbia V6Z 1X6
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
QMC REPORTS LITHIUM ASSAY RESULTS TO 2.79% Li2O FROM MAPETRE, CENTRAL
AND IRGON WEST DIKES
April 24, 2019 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX. V: QMC) (FSE: 3LQ)
(OTC PINK: QMCQF) (“QMC” or "the Company") is pleased to provide an update on the company’s 100% owned
Irgon Lithium Mine Project located within the prolific Cat Lake-Winnipeg River rare-element pegmatite field of S.E.
Manitoba, which also hosts Cabot Corporation’s nearby Tantalum Mining Corporation of Canada (“TANCO”) rare-
element pegmatite.
The Irgon Lithium Mine Property hosts numerous spodumene-bearing pegmatite dikes in addition to the Irgon Dike.
QMC has now received significant assay results from recent surface sampling of three of these large, secondary,
spodumene-bearing pegmatite dikes located within the Irgon Mine Property. The Company is pleased to report the
following results obtained from chip sampling across the Mapetre, the Central and the Irgon West Dikes. The Central
and Mapetre Dikes exhibit historic trenches that were excavated across the dike, from which the following chip/grab
samples were obtained.
SAMPLE ASSAY RESULTS SAMPLE SAMPLE LENGTH
LOCATION Li2O (%) Ta (ppm) Rb (ppm) Cs (ppm) TYPE (metres)
Mapetre Trench 2.47 274 447 147 Chip 1.5 (0 to 1.5)
Mapetre Trench 0.093 316 3003 163 Chip 1.22 (1.5 to 2.72)
Central Dike 1.42 22 1301 90.2 Chip 1.4 (0 to 1.4)
Central Dike 0.042 23.5 2128 168 Chip 1.8 (1.4 to 3.2)
Central Dike 0.533 27.3 2638 173 Chip 2.0 (3.2 to 5.2)
Central Dike 1.13 29.3 1782 127 Chip 2.9 (0 to 2.9)
Central Dike 2.34 19.8 2905 165 Chip 4.1 (2.9 to 7.0)
Irgon West Dike 2.79 442 584 31.6 Chip 7.0 (0 to 7.0)
Irgon West Dike 2.47 178 606 46.7 Chip 5.0 (7.0 to 12.0)
Irgon West Dike 2.51 78.4 157 14.1 Chip 5.0 (12.0 to 17.0)
Irgon West Dike 1.80 119 359 12.5 Grab N/A
Irgon West Dike 2.52 58.1 674 14.5 Grab N/A
The Company is excited with these initial sampling results as they demonstrate a huge potential to develop additional
tonnage within the Irgon Lithium Property (in addition to that tonnage currently being defined by SGS Canada that
exists within the upper central portion of the Irgon Dike) as numerous pegmatite dikes on the property host significant
spodumene mineralization. These dikes show significant potential as they have been sampled across widths of up to
17 metres. An exploration program consisting of overburden stripping and channel sampling of the mineralized dikes
is being planned for the upcoming field season to fully define the width, strike length and lithium grade of these dikes.
All samples were analyzed at SGS Laboratory, Lakefield Ontario. QMC received analysis for 56 elements using a
sodium peroxide fusion followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP -AES / ICP-
MS) assay.
Suite 440 - 755 Burrard Street, Vancouver, British Columbia V6Z 1X6
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
HISTORICAL ESTIMATES
Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and subsequently
reported a historical mineral estimate of 1.2 million tons grading 1.51% Li20 over a strike length of 365 metres and to
a depth of 213 metres (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical estimate is documented in
a 1956 Assessment Report by B. B. Bannatyne for the Lithi um 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 estimate 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 metres. On the 61 -metre level, lateral
development was extended off the shaft for a total of 366 metres 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.
The mineral estimate 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 acquisit ion, 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.