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QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Identifies Two Additional Targets at Irgon Lithium Mine Project

  • QMC confirms strike extension at the Irgon Dike
  • QMC identifies two additional, parallel, lithium-bearing targets
  • QMC soon to commence exploratory mineralogical drilling
  • Irgon’s additional spodumene-bearing targets could significantly increase the historical resource estimate

QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) received extremely encouraging results from the recent mobile metal ion (“MMI”) geochemical soil survey carried out at its flagship project at the Irgon Lithium Mine.

The Irgon Lithium Mine Project, located within the Cat Lake-Winnipeg River rare-element pegmatite field of southeastern Manitoba, has demonstrated exceptional promise in terms of lithium extraction. QMC received data from the recent MMI geochemical orientation survey which successfully identified the position of an unexposed western extension of the Irgon Pegmatite Dike. The company will push its exploration program forward using the MMI technique to identify additional resources within this prolific pegmatite field.

In addition, the MMI survey results indicate the presence of two separate strong geochemical anomalies lying north and south of the Irgon Dike which signify potential for the existence of buried, parallel, mineralized pegmatite dikes. Neither location features any surface rock outcropping or visible spodumene mineralization. The company’s consultant, SGS Canada, has indicated to QMC that it believes these strong MMI geochemical responses are indicative of buried lithium-bearing pegmatite occurrences. The source of these MMI anomalies will be tested during the upcoming field season.

Both QMC and its consultant, SGS Canada, which conducted the survey, are extremely pleased with the findings stated in the company’s January 9, 2019, press release (http://nnw.fm/I2m41). QMC plans to initiate additional MMI sampling across the inferred strike of these anomalies to further define the presence of underlying, mineralized pegmatite structures. The sampling will occur prior to the initiation of drill testing at these locations. According to QMC, as these anomalies are further sampled and drill tested, there will be significant potential to increase the currently available – albeit historic – resource estimate (1.2M tons at 1.51 percent Li2O) published for the property.

The MMI orientation survey was carried out over the buried western extension of the spodumene-bearing Irgon Dike. Sample spacing was set at an interval of 10 meters directly above the projected strike extension and expanded to 20 meters at the line extremities. Two sampling depths were tested, and both produced equally positive responses. A total of 40 MMI soil samples were collected as a part of this initial orientation survey.

Given that this technique has yielded encouraging results by identifying the presence of underlying mineralization within the Irgon Dike, QMC plans to continue to use it over other prospective target areas known to occur at the Irgon Mine Property.

QMC has been working diligently to identify a domestic source of lithium within its historically lithium-rich Manitoba Irgon Property. Efforts until now have been focused on previously explored but underdeveloped hard rock mineral sites known within the property. However, with these new parallel targets recently identified by the MMI survey, QMC will continue to broaden its exploration focus.

Over two years have been invested into the research and exploration of the Manitoba property. Typically, hard rock lithium projects require between three and five years to bring into production. As part of that process, QMC is currently updating the historic resource and anticipates completion of a NI 43-101 resource report.

The Irgon Lithium Mine Project encompasses 11,325 acres. A prior historical report estimated that the project hosts 1.2 million tons of Li2O grading 1.51 percent over a strike length of 365 meters and to a depth of 213 meters. Further exploration is currently taking place by QMC and is expected to identify additional tonnages with comparable or higher grades than those reported in the historic estimates.

QMC is a British Columbia-based company focused on the acquisition, exploration and development of resource properties. Its primary objective is to locate and produce economically viable precious, rare, base metal resource properties. QMC’s portfolio currently consists of the Irgon Mine Project in southeastern Manitoba and two volcanic massive sulphide (“VMS”) gold, copper and zinc properties encompassing approximately 23,000 hectares (57,000 acres) located in the prolific Flin Flon/Snow Lake VMS mining district of northern Manitoba. These two properties, the Rocky Lake and the Rocky Namew Properties, are collectively known as Namew Lake District Project.

For more information, visit the company’s website at www.QMCMinerals.com

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