NEW YORK, Oct. 04, 2018 (GLOBE NEWSWIRE) -- via NetworkWire -- NetworkNewsAudio announces the Audio Press Release (APR) titled “The Lithium Boom Has Only Just Begun,” featuring Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ).
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| Many believe that the majors just won’t be able to produce enough lithium to meet global demand. Select junior miners are likely to be the beneficiaries and could produce exceptional returns. QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) is in the sweet spot to capitalize on the enormous opportunity ahead. Documented by the previous owner, QMC’s flagship project, the Irgon Lithium Mine, is directly centered on a site rich with lithium-indicated resources. In the 1950s, the Lithium Corporation of Canada Ltd. drilled 25 holes into the Irgon Dike and reported a historical resource estimate of 1.2 million tons grading 1.51 percent Li2O over a strike length of 365 meters and to a depth of 213 meters. The mine was closed in the late 1950s due to a lack of demand for lithium at the time; things certainly have changed since then. QMC is currently updating the historical resource data to meet current NI43-101 reporting standards through a detailed channel sampling and subsequent drill program. An interactive 3-D model displaying historical data derived from past drilling and underground work shows that exploration and underground development has taken place only on the central portion of the dike, which means there’s a significant opportunity to quickly increase tonnage along strike. QMC recently issued an update on its promising drill program. Once these assets are confirmed to current standards, it’s likely they will have a dramatic impact on QMC’s balance sheet. The results so far have been exceptionally promising since they currently reflect historic assays. Channel sampling on the Irgon Dike has returned 1.73 percent Li2O over 14 meters. In addition, regional results obtained from sampling of other dikes in the area returned three chip samples with concentrations over 1.90 percent lithium-oxide, including one that assayed 2.62 percent. These positive results, in conjunction with the well-developed mining infrastructure already in place, may position QMC to quickly leverage the assets and capitalize on the global demand for lithium. |
About QMC Quantum Minerals Corp.
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 and two VMS properties, the Rocky Lake and Rocky-Namew, known collectively as the Namew Lake District Project. Currently, all of the company’s properties are located in Manitoba. For more information, visit the company’s website at www.QMCMinerals.com
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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