- Lithium
is a key component in green energy storage technologies, including the
batteries used in electric cars
- Significant
spodumene-bearing pegmatite is located on the Irgon lithium mine project
- The
global lithium-ion battery market is expected to exceed $60 billion by
2024
Global lithium market demand has been making headlines
recently as industry leaders and governments shift away from fossil fuels. Most
consumers are familiar with rechargeable lithium-ion batteries, which make it
possible to power vehicles from renewable sources of energy. It’s a topic in
which Canadian-based mineral explorer QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) is
fully immersed, as its team of experts continues to develop a NI
43-101-compliant resource estimate for commercial production of lithium at its
Irgon lithium mine project in southeastern Manitoba. Excellent access to
well-developed mining infrastructure at the company’s wholly owned Irgon
lithium mine project offers significant value and aids the company in ramping
up the near-term production schedule (http://ibn.fm/hd7tW).
QMC recently completed an 18-hole, 2,300-meter diamond drill
program on the Irgon Dike. The core was split with samples subsequently shipped
to SGS Canada’s Lakefield laboratory for assay of lithium, beryllium, rubidium,
cesium, tantalum, niobium and 50 other elements (http://ibn.fm/emwDe).
QMC also recently reported that assays of surface chip
samples from its Mapetre, Central and Irgon West Dikes, also located within the
Irgon lithium mine project, indicated significant occurrences of
spodumene-bearing pegmatite mineralization (http://ibn.fm/DumIv). The Best result from these assays,
from the Irgon West Dike, returned a very impressive 2.79 percent Li2O over
seven meters
“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,” President and CEO Balraj Mann stated in an April 24 news
release (http://ibn.fm/jonak).
A recent report by Global Market Insights projects that the
global lithium ion battery market will surpass $60 billion by 2024 as the
growing adoption of electric vehicles, coupled with government initiatives to
promote sustainable, green technology, boosts the lithium sector (http://ibn.fm/ogj05). An
increase in demand for smart devices, which also depend on lithium-ion
batteries, is another factor in the market’s upward growth, according to the
report summary.
QMC’s holdings not only include title to the Irgon lithium
mine project; the company is also the owner of two volcanic massive sulphide
(“VMS”) properties – the Rocky Lake and Rocky-Namew properties, known
collectively as the Namew Lake District Project. The Namew Lake District
Project has strong potential to host a major copper, nickel, gold, silver,
palladium and platinum deposit. This project, located in northwestern Manitoba,
encompasses 57,000 acres. It is situated within the Flin Flon/Snow Lake VMS
mining district, one of the world’s most productive base metal, VMS mining
areas (http://ibn.fm/1L873).
For more information, visit the company’s website at www.QMCMinerals.com
NOTE TO INVESTORS: The latest news and updates
relating to QMCQF are available in the company’s newsroom at http://ibn.fm/QMCQF
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480.374.1336 Office
Editor@QualityStocks.com
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