alexgreat replied the topic: Quantum Minerals TSXV:QMC OTC:QMCQF
Vancouver, British Columbia--(Newsfile Corp. - July 11, 2018) - QMC Quantum Minerals Corp. (TSXV: QMC) (FSE: 3LQ) (OTC PINK: QMCQF) ("QMC" or "the Company") is pleased to report that it has acquired, through staking, nine additional mineral claims covering 1936 hectares (4784 acres), thereby expanding the contiguous footprint of the Irgon Property to 4583 hectares (11325 acres) from 2647 hectares (6541 acres). The company's 100% owned Cat Lake Irgon Mine Project lies within 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.
The staking follows a complete review and compilation of all historical data available for the Cat Lake Area which led QMC to identify several new target pegmatites. QMC acquired these nine additional claims to cover historical reports of spodumene-bearing pegmatite dikes. The historical record reports that 39 short drill holes (totaling 1,336 feet) were collared on numerous different pegmatite locations throughout the area covered by QMC's new claims. Of these historical drill holes, six reported "pegmatite with spodumene content" in the drill logs. No assays are available. QMC field crews are currently in the process of re-locating these spodumene-bearing pegmatite dikes in the field; once located they will be assessed and sampled.
The Company also announces that it has, subject to regulatory approval, retained Venture Liquidity Providers Inc. ("VLP") to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company.
The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws. For its services, the corporation has agreed to pay VLP $5,000 per month for a period of 12 months. The agreement may be terminated at any time by the corporation or VLP. The corporation and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the corporation or its securities. The finances and the shares required for the market -making service are provided by W.D. Latimer. The fee paid by the company to VLP is for services only.
VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX-V-listed issuers.
Gambler replied the topic: Quantum Minerals TSXV:QMC OTC:QMCQF
Some decent news today
QMC IDENTIFIES ADDITIONAL PEGMATITE DIKES ON ITS LITHIUM PROPERTY
January 22, 2018 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.v: QMC) (FSE: 3LQ) (OTC PINK: QMCQF) (“QMC” or "the Company"). QMC is pleased to provide the following update on exploration activities at its 100% owned Irgon Lithium Mine Project, S.E. Manitoba.
As noted in the company’s NR of January 11, 2018 and reported in the literature (Cerny et al, 1980) at least 3 new dikes known to occur within the Cat Lake/Euclid Lake area, and which lie inside Company’s property, were evaluated. Twenty-five grab samples have been obtained from these dikes and all have been shipped to SGS Lakefield for analysis. Spodumene was identified in the grab samples. To date, assay results have not been received.
A recent initial field evaluation by the onsite geological crew surveyed these three satellite dikes.
Two distinct trends were identified on one of the dikes evaluated. One trend extended at least 125 meters along strike generally east west, with an exposed apparent width on surface ranging between 2 and 5 meters. An adjacent, second dike trend was located here and may represent either a bifurcation of the above pegmatite or a separate dike. It was observed striking again generally east west, and was traced in outcrop for 37 meters. The exposed width of the dike, without being able to observe either contact, was between 7 to 9 meters.
All these dikes will be re-evaluated, geologically mapped and systematically sampled during the 2018 field season.
Hoss replied the topic: Quantum Minerals TSXV:QMC OTC:QMCQF
GB, daily cloud chart is negative, broken down below green cloud Coversion line crossed below red base line. Probably going to 75 as you suggest, worst case maybe 40. Resistance is now at $0.96 and $1.08. Needs a strong reversal soon or likely headed lower
GoldnBoy replied the topic: Quantum Minerals TSXV:QMC OTC:QMCQF
2017-12-04 10:21 ET - News Release
Mr. Balraj Mann reports
QMC ANNOUNCES OVER 100 SAMPLES SENT TO SGS FOR LITHIUM ANALYSIS
With the continuing work program at QMC Quantum Minerals Corp.'s Irgon lithium mine property progressing, QMC has now submitted to SGS Labs in Lakefield, Ont., 104 sawn channel samples for analysis. To date, a total length of 90.1 meters (296 feet) of channel sampling has been completed from six sawn channels cut across the width of the Irgon Dike.
In conjunction with this exploration program on the company's Irgon Lithium Mine Project, located within the world class Winnipeg River Pegmatite Field of South-Eastern Manitoba, QMC field crews continue to remove the overburden that has concealed the pegmatite exposure along the strike of the spodumene-bearing Irgon Dike. In addition, the program of channel sampling along the newly exposed strike of the Irgon Dike continues.
As the exposure along the Irgon Dike is increased by this overburden stripping program, geologic mapping of the dike also continues.
Requested geochemical analysis of the 104 channel samples currently delivered to, and received by SGS Labs in Lakefield, Ontario consists of ICP-AES and ICP MS scans for 56 elements including Li, Ta, Nb, Cs, Rb and Be; all elements which may potentially be found within the Winnipeg River area rare element-bearing pegmatites. All geochemical results remain pending.
Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and subsequently 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 B. B. Bannatyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report No. 94932). This historical estimate is believed to be based on reasonable assumptions and neither the company nor the QP have any reason to contest the document's relevance and reliability. The ongoing detailed channel sampling and a subsequent 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 time 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.