- QMC Quantum Minerals focuses on developing first-rate lithium, silver, gold, nickel, copper and zinc prospects
- The company’s properties include its flagship Irgon Lithium Mine Project and two VMS properties
- QMC is set to leverage the growing global demand for lithium
QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) is engaged in the exploration and development of a major spodumene-bearing lithium project and two volcanic massive sulphide (“VMS”) copper, lead and zinc properties. The company is at the vanguard in North America to supply lithium as demand for the white metal that is powering EVs (electronic vehicles), mobile phones and most of today’s electronic devices increases. In 2017, demand for lithium by lithium-ion battery manufacturers increased by 46 percent (http://ibn.fm/7tLJj).
The company’s flagship property is the Irgon Lithium Mine Project. The Irgon property is situated within the east-trending Mayville-Cat-Euclid Greenstone Belt (http://ibn.fm/lflJJ) located approximately 20 kilometers north of the world-class TANCO Mine. The Irgon Project consists of the Irgon Dike and a number of other known spodumene-bearing pegmatite dikes located within the Irgon property. This property consists of 22 contiguous mineral claims and encompasses 11,325 acres. The Irgon Dike previously hosted a developed lithium mine that closed in 1957 due to falling lithium prices.
Irgon has an historic (non NI 43-101 compliant) mineral estimate of 1.2 million tons grading 1.51 percent Li2O over a strike length of 365 meters (1,200 ft.) and to a depth of 213 meters (700 ft.) (http://ibn.fm/K09Ad). The dike remains open below this level. There is a three-compartment shaft on the Irgon Dike sunk to a depth of 241 feet with 1,200 feet of drifting off the 200-foot level. At present, QMC is conducting a drill program and evaluating the best approach to resume mining at this property. The company anticipates bringing historic and current data up to NI 43-101 standards subsequent to the completion of the current drill program.
There is considerable potential to rapidly increase tonnage at the Irgon Lithium Mine Project (http://ibn.fm/dD4Ol). An interactive 3D model of the Irgon Dike demonstrates that exploration and underground development have only taken place on the central portion of the dike. QMC’s focus for the Irgon Project is a 2,500-meter drill program designed by its consultant, SGS Canada, to confirm the historic lithium oxide assay results documented in the 1953-54 drill program.
QMC subsequently plans to bring the Irgon property into production. The company’s onsite geologists recently reported visual confirmation of substantial spodumene mineralization within the core samples gained from the initial phase of drilling (http://ibn.fm/4Q4zh).
With increasing demand for lithium coming from lithium-ion battery manufacturers, QMC Quantum Minerals is on course for greater growth. The company offers investors the opportunity to partake in a burgeoning market, with lithium demand anticipated to increase by 83 percent by 2027. QMC remains committed to its vision of reawakening the promise of Manitoba’s historically rich lithium properties.
In addition to the Irgon Lithium Mine Project, QMC holds title to two VMS copper-, lead- and zinc-bearing properties. These are the Rocky Lake and Rocky Namew Properties, which together are known as the Namew Lake District Project and are fully owned by QMC. This project encompasses 57,000 acres and is located in one of the world’s most productive mining regions, the Flin Flon/Snow Lake mining district in northwest Manitoba (http://ibn.fm/7vduw).
Results from QMC’s 2012 drilling program on the Namew Project confirmed massive sulphide mineralization in drill holes collared on three versatile time domain electro-magnetic targets. The company believes that the Namew Lake District Project has the potential to host several distinct VMS ore bodies and notes that the Namew Lake Project remains a hugely prospective exploration target with strong future potential (http://ibn.fm/mQjv3).
All of QMC’s properties are in Manitoba. QMC Quantum Minerals has its corporate headquarters in Vancouver, British Columbia.
For more information, visit the company’s website at www.QMCMinerals.com