On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Set on Developing Manitoba’s Full Lithium Production Potential

  • QMC Quantum Minerals developing Manitoba’s full lithium mining and production potential
  • Irgon Lithium Mine Project provides excellent lithium production opportunities
  • QMC aims to position itself among the big lithium market players

Through the exploration of its Irgon Lithium Mine Project, QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) is uncovering Manitoba’s full lithium production potential. Onsite work has delivered outstanding results, stimulating additional investment in exploration that is expected to lead toward production at the lithium mine on the property.

On the 100 percent QMC-owned Irgon Mine Project located within the Cat Lake-Winnipeg River rare elements pegmatite field, the company has identified significant visual spodumene mineralization not only on the main Irgon Dike but also on other large pegmatite dikes within the property. The discovery of this additional mineralization has led to extensive exploration on the entire property. Initial focus is on the Mapetre and Central Dikes and once the overburden has been cleared from the entire strike length of both these dikes, an extensive program of channel sampling will be commenced to evaluate the lithium grades of mineralization occurring within these dikes.

Many of the occurrences identified to date within the Irgon Lithium Mine Project were initially discovered decades ago. Due to the lack of demand for lithium at the time, the lithium production potential of the region was never fully explored. Through the current exploration within this world-class pegmatite district, QMC Quantum Minerals is positioning itself to be a big market player, competing with some of the industry leaders in China and Chile. This task has been hugely simplified by QMC building upon historic exploration data within the area and having the ability to capitalize on the well-established Manitoba mining infrastructure.

The information and available facilities will help QMC Quantum Minerals extract the spodumene mineralization, allowing the company to produce electric vehicle-grade lithium concentrate. This hard rock extraction process provides yet another advantage, because it is much quicker than the extraction methods upon which China and Chile rely. Chinese and Chilean companies extract very low-grade lithium concentrations from brines. For the process to be completed, water has to be evaporated, which slowly concentrates the element, allowing it to be extracted. In Manitoba, the rock simply has to be mined, which contributes to a much faster turnaround time.

Lithium demand forecasts for the future are very positive. The demand for the resource is set to triple by 2025. Lithium-ion batteries that are used in everything from mobile devices to innovative electric vehicles will be the main stimulus behind the growth.

Analysts confirm that a reliable lithium supply remains a key concern in the battery supply chain. This is why new lithium mineral sources have to be discovered and developed. In addition, the lithium-ion battery production will also have to be streamlined to ensure faster manufacturing.

QMC Quantum Minerals has invested two years of work in the Irgon Lithium Mine Project. To date, as part of bringing the resource reporting in compliance with current NI 43-101 reporting standards, QMC has reported analytical results from channel sampling greater than the reported historical grade. Through the channel sampling program on the Irgon Dike, QMC has reported 1.73 percent lithium oxide over 14 meters. Chip sampling on other dikes on the property has produced similarly encouraging results, with one sample having a concentration of 4.16 percent Li2O.  Along with the discovery of the huge anomaly south of the Irgon Lithium Mine, the resource estimate will almost certainly be larger than the 1.2 million tons previously reported.

QMC Quantum Minerals is a Vancouver-based company engaged in the acquisition, exploration and development of lithium and other valuable resource properties. All of the company’s properties are currently located in Manitoba and include not only the Irgon Lithium Mine Project, but also two volcanic massive sulphide (“VMS”) properties encompassing approximately 23,000 hectares (57,000 acres) 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 the Namew Lake District Project.

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

More from NetworkNewsWire

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.networknewswire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Archives

Select A Month

NetworkNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.418.1217