ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

QMC QMC Quantum Minerals Corporation

0.05
0.00 (0.00%)
28 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
QMC Quantum Minerals Corporation TSXV:QMC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.05 0.05 0.055 0.05 0.05 0.05 1,000 00:00:00

Quantum Minerals Plans Upcoming Drill Program for Flin Flon District, Namew Lake VMS Project

18/11/2013 1:00pm

Marketwired Canada


QMC Quantum Minerals Corp. (TSX VENTURE:QMC)(PINKSHEETS:QMCQF)(FRANKFURT:3LQ)
("QMC" or the "Company") is pleased to announce plans for a comprehensive work
program including 6,000 metres of diamond drilling and refined geophysics on the
Company's 100% owned Namew Lake Volcanogenic Massive Sulphide (VMS) Project,
previously referred to as the Rocky Lake VMS Project. 


Located within the Flin Flon Mining District in northwestern Manitoba, the
39,236 hectare Namew Lake VMS Project is adjacent to the eastern side of Hudbay
Minerals' (HBM-TSX) Namew Lake Mine which produced 2.57 million tonnes of
Copper, Nickel, Gold, Silver, Palladium, and Platinum. The Flin Flon mining
district (including the Snow Lake deposits) comprises one of the largest VMS
districts in the world with more than 118.7 million tonnes of sulphide ore mined
from 25 deposits by the mid 1990's, with an additional 64.3 million tonnes of
mineralized rock defined in 43 sub-economic deposits. 


The Company's Rocky Lake VMS property was first discovered by Hudbay through an
airborne survey that identified a 5 kilometre long conductor, followed up with
ground EM surveys that verified a 1,500 metre conductive corridor. A subsequent
airborne survey commissioned by QMC identified a total of 41 conductors using
the VTEM+ system. The successful 9-hole drill campaign during the 2012
exploration season resulted in visible chalcopyrite at the end of hole RL11-2
for confirmation that the deep-seated conductor had been missed by the prior
Hudbay programs. Core drillings on the properties to date have yielded
significant intercepts including 0.65% Copper over 9.0 metres and grading up to
3.0% Copper in drill core. 


For the 2013-2014 exploration season, the Company plans to complete a two phase
work program to further investigate the Namew Lake VMS Project as an economic
mineral resource, recommended by Garth Kirkham (P.Geoph. P.Geo.) in the 43-101
report completed and filed in May 2013. This extensive exploration program
includes 2,500 metres of diamond drilling in phase one and 3,500 metres in phase
two; a program with specific focus on the potential high grade massive sulphide
formation in addition to drilling on select conductors from the 41 geophysics
targets and will include the detailing and refining of current drill targets
using the TITAN24 system.


QMC Quantum Minerals CEO, Balraj Mann states, "Our Namew Lake VMS Project is
located in the Flin Flon Greenstone Belt of northwestern Manitoba which is host
to nine operating mines and is recognized as a world class VMS district.
Following our recent success in drilling of the Rocky Lake VMS property within
our Namew Lake Project, we are looking forward to the 2013 exploration program
and will continue to develop our district scale project into an economic mineral
resource." 


The technical and scientific information in this news release has been reviewed
and approved by Mohan R. Vulimiri, M.Sc., P.Geo, who is a qualified person under
the NI 43-101 guidelines and a Director of the Company.


About Quantum Minerals Corp. 

QMC Quantum Minerals Corp. is a junior mineral exploration company focused on
finding and developing VMS style Ni-Cu-Zn-Au prospects in Manitoba, Canada. QMC
management's extensive experience in the field of mineral exploration and
development give it a competitive advantage in discovering, appraising and
advancing mineral deposits. QMC also draws on the tremendous experience of its
management in the realm of corporate finance and public markets which will prove
invaluable in acquisition, financing, and creating overall shareholder value.




On behalf of the Board of Directors      
Balraj Mann                              
-----------------------------------------
CEO, President & Director                



Forward-Looking Statements

Information set forth in this news release contains forward-looking statements
that are based on assumptions as of the date of this news release. These
statements reflect management's current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance. QMC cautions that
all forward-looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many of which are
beyond QMC's control. Such factors include, among other things: risks and
uncertainties relating to QMC's ability to complete proposed private placement
financing. Accordingly, actual and future events, conditions and results may
differ materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward looking information. Except as required
under applicable securities legislation, QMC undertakes no obligation to
publicly update or revise forward-looking information.


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 


To view the figure "QMC Quantum Minerals Corp. - Namew Lake VMS Project,
Manitoba, Canada", please visit the following link:

http://media3.marketwire.com/docs/912110.pdf

FOR FURTHER INFORMATION PLEASE CONTACT: 
QMC Quantum Minerals Corp.
Balraj Mann
CEO, President & Director
604-601-2018 or (604) 559-8051
(604) 688-1320 (FAX)
info@qmcminerals.com
www.qmcminerals.com

1 Year QMC Quantum Minerals Chart

1 Year QMC Quantum Minerals Chart

1 Month QMC Quantum Minerals Chart

1 Month QMC Quantum Minerals Chart