QMC Work Program Update Rocky Lake GOLD-Copper-Zinc Project
Suite 440 - 755 Burrard Street, Vancouver, British Columbia V6Z 1X6
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
QMC WORK PROGRAM UPDATE ROCKY LAKE GOLD-COPPER-ZINC PROJECT
October 6, 2020 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX. V: QMC) (FSE: 3LQ)
(OTC PINK: QMCQF) (“QMC” or "the Company") is pleased to announce an update on its Rocky Lake volcanic
massive sulphide (“VMS”) property.
Highlights
• District scale project with similar geology to the nearby Lalor (27Mt) and 777 (22Mt) mines
• Previous drilling on Rocky Lake Property intersected significant VMS mineralization
• Previous QMC drilling returned 10m of 0.48% copper (including 0.80% over 1m)
The Rocky Lake VMS discovery within the company’s Namew Lake Project was discovered by HudBay Minerals
Inc. (“HBM”) in 1987 through an airborne survey. This survey identified a 5km long conductor and was followed up
with ground EM surveys that outlined a 1,500m conductor. Historic HBM drilling on the property intersected 10.3m
of mineralization grading 0.38% Cu (including 4.3m @ 0.67% Cu). This intersection included high-grade sections (up
to 3.0% Cu across 0.3m). Subsequent EM surveys, commissioned by QMC, suggest that some of the strongest portions
of the HBM electromagnetic anomaly have yet to be tested. On re-interpretation of the HBM drilling, the data suggest
that the HBM drill program was carried out on the footwall side of a potential mineralized body, thereby missing the
main target. Copper mineralization intersected in the HBM drilling is present as stringers which is currently interpreted
as representing footwall stringer mineralization adding credence to the interpretation that the main massive sulphide
mineralized body may well have been missed.
Additional geophysical surveys undertaken for QMC over the conductor and subsequent detailed re-interpretation of
data suggest the conductor is seated at a depth of 200m and is at least 1,000m long. QMC believes that its recent
drilling confirmed the top of the conductor as two drill holes (RL 12 -5 and RL 11 -2) intersected significant visible
chalcopyrite mineralization. Drill hole RL 12 -5 cut a 10m thick, semi-massive sulphide intersection grading 0.48%
Cu (including 0.80% Cu over 1m). Drill hole RL 11 -2 was terminated in massive sulphide at a vertical depth of 193
metres. Assays returned grades of 0.26% copper over a 0.3m wide, semi-massive sulphide intersection which
contained approximately 20% iron sulphides. The company anticipates that proposed additional deeper and step -out
drilling along the conductor could expand the mineralized section and develop a larger zone of signific ant VMS
mineralization.
The company’s Namew L ake Project covers over 55,000 acres and is contiguous to the western side of Hudbay
Minerals’ (HBM-TSX) Namew Lake Mine which has produced 2.57 million tonnes of copper, nickel, gold, silver,
palladium, and platinum . The Namew Lake Project is also i n the vicinity of the currently producing 777 and Lalor
mines, in addition to being proximal to the past-producing Reed Lake Mine. In addition to being in close proximity
to these other deposits, t he company’s district sized Namew Lake Project displays similar underlying geology to the
aforementioned mines.
Total resources for HBM’s Lalor and 777 deposits are as follows:
Mine Resource Copper Zinc Gold Silver
777 21.9M tonnes 2.6% 4.4% 2.1 g/t 26.9 g/t
Lalor 27.1M tonnes 0.7% 5.1% 2.8 g/t 27.3 g/t
Includes past production, current reserves and resources.
Suite 440 - 755 Burrard Street, Vancouver, British Columbia V6Z 1X6
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
Qualified Person
The technical content of this news release has been reviewed and approved by Bruce E. Goad, P. Geo. , 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 econo mic precious, base, rare metal 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
604-601-2018
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