Quantum Minerals (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) this
morning announced that it has mobilized a diamond drill and support crew to the
company’s wholly-owned Irgon Mine Project. The project is located in the
prolific Cat Lake-Winnipeg River rare-element pegmatite field of S.E. Manitoba,
which also hosts Cabot Corporation’s nearby Tantalum Mining Corporation of
Canada (“TANCO”) rare-element pegmatite. According to the update, QMC is
initiating a two-phase drill program that intends to confirm and expand the
Irgon property’s published historic resource (1.2 million tons grading 1.51
percent Li2O as previously calculated for Lithium Corporation of Canada). The
program’s initial phase will consist of 1500m of NQ drilling in 12 holes, with
the first 8 to confirm grades and widths of the 1953/54 drill results used to
calculate the initial, historic resource that used data derived by sampling both
the initial drill core and underground channel samples that were taken across
the dike from within the currently inaccessible, water-filled workings. The
remaining 4 holes will chase the Irgon Dike westward from the area hosting the
original resource in order to test the spodumene-bearing pegmatites identified
as the Irgon Dike’s Western Extension, and confirm its westward continuity.
QMC, with results of the phase one drilling in hand, has instructed SGS to
produce an updated, NI 43-101 compliant, inferred resource for the central,
previously developed section of the Irgon Dike. QMC expects that testing of the
Irgon Dike’s westward extension will add additional inferred tonnage available
on the property.
To view the full press release, visit http://ibn.fm/eNwUp
About QMC Quantum Minerals Corp.
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. For more information, visit the
company’s website at www.QMCMinerals.com.
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