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QMC reports 2.97% Li20 Over 1.22 metres at Central Dike

Mining News - Published on Thu, 23 May 2019

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QMC Quantum Minerals Corp announced that it has now received the assay results of the 1978 core derived from the Tantalum Mining Corporation of Canada's drill program on the Mapetre and Central Dikes. During this 1978 program, the BQ core had been split and subsequently analyzed by TANCO to determine the tantalum and tin concentrations only; the lithium content had been ignored, as TANCO at that time had no interest in this metal. During this historical program, two short holes were drilled through the Mapetre Dike and 20 short holes were collared on the Central Dike. In the interim, the core has been securely stored in the TANCO core facilities at the mine site. TANCO is now a wholly owned subsidiary of Cabot Corporation. The best Mapetre Dike intersection that QMC received from the re-assay of the TANCO core was 0.32% Li20 over 16.61 metres, including 0.52% Li20 over 8.69 metres. The best intersection from the Central Dike was 1.28% over 3.81 metres, including 2.97% Li20 over 1.22 metres. Two additional sample intervals from drill holes on the Central Dike re-assayed 1.50% over 1.52 metres and 1.04% over 1.52 metres. This strongly supports the fact that both the Mapetre and the Central Dikes remain excellent targets to add to the total tonnage available on the Irgon Property.

The Company is very pleased with the overall results as they confirm continuation to depth of the spodumene mineralization previously identified by QMC's surface sampling. These results demonstrate that there is significant exploration potential for the Irgon Property to host other large, spodumene-bearing pegmatite dikes, in addition to the Irgon Dike, as the Central and Mapetre Dikes are located on opposite ends of a 1,100-metre (3,600-foot) long, 100-metre (328-foot) to 350-metre (1,148-foot) wide target.

The Company plans to continue exploration of these and other dikes identified on the property. During the 2019 field season, the overburden will be removed to expose the strike length and width of the Mapetre and Central Dikes plus several other spodumene-bearing dikes currently identified on the property. These dikes will subsequently be mapped and channel sampled.

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Posted By : Rabi Wangkhem on Thu, 23 May 2019
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