VANCOUVER, British Columbia, Sept. 19, 2017 (GLOBE NEWSWIRE) -- QMC Quantum Minerals Corp.,
(TSX-V:QMC) (FSE:3LQ) (OTC PINK:QMCQF) (“QMC” or "the Company"), has received the required work permit from the
Government of Manitoba for the Company’s Irgon Lithium Mine property. The Company has now mobilized the work crew and equipment to
the work site. The initial work program is designed to strip the overburden off the dike thereby exposing it completely along
strike. Subsequently, the company will initiate a program of channel sampling across the dike, at intervals along the entire
strike length of the dike to extend the known mineralized zone and confirm previous grab sampling, trenching and drilling results.
Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and reported a
historical resource estimate of 1.2 million tons grading 1.51% Li2O over a strike length of 365
meters and to a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical resource is documented in
a 1956 Assessment Report by Bruce Ballantyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report No. 94932).
This historical estimate is believed to be based on reasonable assumptions and the company/QP has no reason to contest the
document’s relevance and reliability. A detailed drill program will be required to update this historical resource to current NI
43-101 standards. Historic metallurgical tests reported an 87% recovery from which a concentrate averaging 5.9% Li2O was
obtained. During this historical 1950 era work program, a complete mining plant was installed on site designed to process 500 tons
of ore per day and in addition, a three-compartment shaft was sunk to a depth of 74 meters. On the 61 meter level, lateral
development was extended off the shaft for a total of 366 meters of drifting from which six crosscuts transected the dike. The work
was suspended in 1957, awaiting a more favourable market for lithium oxides and at this point the mine buildings were removed.
The mineral reserve cited above is presented as a historical estimate and uses historical
terminology which does not conform to current NI 43-101 standards. A qualified person has not done sufficient work to classify the
historical estimate as current mineral resources or mineral reserves. Although the historical estimates are believed to be based on
reasonable assumptions, they were calculated prior to the implementation of National Instrument 43-101. These historical estimates
do not meet current standards as defined under sections 1.2 and 1.3 of NI 43-101; consequently, the issuer is not treating the
historical estimate as current mineral resources or mineral reserves.
Qualified Person and NI 43-101 Disclosure
The technical content of this news release has been reviewed and approved by Bruce E. Goad, P. Geo. who is a qualified person as
defined by National Instrument 43-101.
About the Company
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 two VMS properties, the Rocky Lake and Rocky-Namew known collectively as the
Namew Lake District Project, and the Carrot River Gold Property. Currently, all of the company’s properties are located in
Manitoba.
On behalf of the Board of Directors of
QMC QUANTUM MINERALS CORP.
“Balraj Mann”
Balraj Mann
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Tel: (604) 601-2018
Email: info@qmcminerals.com