QMC Quantum Minerals Corp. (OTC Pink: QMCQF) is engaged within the acquisition, exploration, and development of mineral resource deposits. Shares of resource mining company are rallying 15.28%, through early trading on Monday, November 13, 2017. Over the past month, QMC Quantum Minerals Corp. has seen average daily volume of 459,799 shares. However, volume of 360,539 shares or dollar volume of $140,610, has already exchanged hands on the day.
Shares of QMC Quantum Minerals Corp. are rallying today, after the company announced that it ill re-sample and assay the company’s Irgon Lithium Mine Property, which indicated lithium deposits greater than 2%. The company notes that the re-sampling will allow the company to determine the concentration of lithium around its property. Here is the full press release detailing of the re-sampling and assay plans:
QMC Quantum Minerals Corp. Press Release:
VANCOUVER, British Columbia, Nov. 08, 2017 (GLOBE NEWSWIRE) — QMC Quantum Minerals Corp., (TSXV:QMC) (FRANKFURT:3LQ) (OTC PINK:QMCQF) (“QMC” or “the Company”). Crews have begun to re-locate and re-sample at the anomalous (>2,000ppm Li2O) sites identified within the company’s Irgon Lithium Mine Property, located in the Winnipeg River Pegmatite Field in S.E. Manitoba. The anomalous sample results were reported in the Fogwill Assessment Report which was based on the 2011 assessment work (Manitoba AR #52L13324) and was noted in the company’s news release of October 18, 2017. These samples will be assayed to determine the concentration of Li2O as they will be obtained from lithium-bearing pegmatitic dikes, other than the Irgon dike, that are known to occur on the property. The size and continuity of these dikes will be evaluated and if results merit, these lithium-bearing dikes will be more fully explored during the 2018 exploration program.
The Fogwill assessment report documented eight grab samples, from the 2011 assessment work program that returned with lithium values greater than 2,000 ppm. Sampling also indicated dikes with elevated rubidium (greater than 2,000 ppm), beryllium (greater than 1,000 ppm) and tantalum (to 280 ppm) which suggests that other dikes on the property will require additional evaluation.
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.