QMC Signs NDA FOR Lithium Mineralization Testing
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
QMC SIGNS NDA FOR LITHIUM MINERALIZATION TESTING
Vancouver, British Columbia, June 13, 2018 - QMC Quantum Minerals Corp., (TSX.V: QMC) (FSE: 3LQ) (OTC: QMCQF)
(“QMC” or "the Company") announces it has signed a non -disclosure agreement ( “NDA”) with an Asian-based
manufacturing company which will allow them to test the Company’s lithium mineralization identified by recent channel
sampling of the Irgon Pegmatite Dike to see if it mee ts end -use requirements of the manufacture r’s customers .
Indicative of the NDA, the test results, proprietary specifications, and supplier’s identity will be withheld in order protect
both parties’ commercial interests. 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 that hosts the nearby Tantalum Mining
Corporation of Canada (“TANCO”) rare-element pegmatite.
QMC is in the process of updating the Irgon Lithium Mine’s historic lithium resource through a detailed channel sampling
and subsequent drill program. This historic resource was reported in 1955 to be 1.2 million tons grading 1.51% lithium-
oxide over a strike length of 1,198 feet and to a depth of 700 feet. Recent assay results received from the 2017 channel
sampling program were very positive , supporting the original development work on the dike , highlight ed by QMC
reporting results of 1.43% Li2O over 18 metres including 1.73% Li 2O over 14 metres with very encouraging individual
sample grades of up to 4.31%, 4.0% and 3.05% Li 2O over one -metre sample intervals. Following a complete re-
evaluation of historic TANCO assessment reports by QMC, an additional target encompassing a large, untested lithium
soil anomaly, which strikes east-west across the southern part of the property, has been identified. Its strike length as
currently documented is over 3,600 feet with an estimated width of up to 1,150 feet at the western end. The Company
has recently hired SGS Canada (“SGS”) to provide technical support and consulting services for the QMC’s 2018 field
exploration and drilling program. SGS will also compile a NI 43-101 technical report expected to confirm and potentially
increase the currently non-NI 43-101 compliant historical resource.
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. (Manitob a 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% Li 2O was obtained.
During this historical 1950-era work progr am, a complete mining plant was installed onsite, designed to process 500
tons of mineralized material 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 tota l 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 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 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
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
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.