QMC Quantum Minerals and Cassius Ventures Report on Drilling, Carrot River Project, Manitoba
2011年3月31日 - 3:17AM
Marketwired
QMC Quantum Minerals Corp. (TSX VENTURE: QMC) and Cassius Ventures
Ltd. (TSX VENTURE: CZ) are pleased to announce the completion of
five drill holes on their Carrot River project - one (hole no. P6)
on the Bullet gold target, three holes (P1, P2, P3) on the Bay
Whopper gold zone and one hole (P12) to test the Geotech air-borne
TEM anomaly on the Nickel zone. A total of 900 to 1000 metres is
expected to be drilled to test the various targets on the property.
The Carrot River Property has been optioned to Cassius Ventures
Ltd. (see Cassius' press release dated July 27, 2010).
Bay Wopper drill holes P1, P2 and P3 were designed to intersect
the shear zone exposed on surface where previous grab sampling
returned values up to 10.16 g/t gold. All three holes intersected
the shear zone. Assay results will be released upon receipt.
The Bay Whopper zone is exposed in three small hand trenches and
float over an apparent strike length of about 100 meters in a
lowland area extensively covered by overburden and marsh. The zone
remains open in all directions. Anomalous gold values were obtained
in all three exposures. Mineralization occurs in sheared,
silicified volcanics (sericitic schist) and sheared chert with
locally abundant pyrite and arsenopyrite. In the area of Trenches 1
and 2, initial grab samples returned gold values up to 10.16 g/t
gold. Chip sampling in Trench 2 returned 1.4 g/t gold over 4.5
meters (full width of trench); a 1.3 meter section across a
sulphide-rich portion of the trench assayed 4.3 g/t gold. Trench 1
returned 178 ppb gold over the full 8-meter width of the trench,
including 4 meters of 280 ppb gold. Hand Trench 3 is located about
75 meters east, along strike of Trenches 1 and 2. Seven consecutive
1-meter chip samples collected across the trench return values
between 39 ppb and 1550 ppb gold with an overall average of 640 ppb
gold.
This news release was reviewed and approved by Mohan R.
Vulimiri, M.Sc., P.Geo, who is a qualified person as defined in NI
43-101 and a director of QMC Quantum Minerals Corp.
QMC Quantum Minerals Corp. is a British Columbia based company
engaged in the business of acquisition, exploration and development
of mineral properties in Canada. Its objective is to locate and
develop economic precious and base metals properties of merit and
to conduct its exploration program on its principal property, the
Rocky Lake Property, and its secondary properties are the Carrot
River Property, the Rocky-Namew Property and the Namew Lake
Property.
Cassius Ventures Ltd. is a British Columbia based company
engaged in the business of acquisition, exploration and development
of mineral properties in Canada. Cassius is pleased that it has
located a significant base and precious metals property of merit as
a qualifying transaction.
On behalf of the Board of Directors of
QMC QUANTUM MINERALS CORP.
Balraj Mann, President and Chief Executive Officer
CASSIUS VENTURES LTD.
Jason Birmingham, Director and Chief Executive Officer
This press release contains certain forward looking statements
which involve known and unknown risks, delays and uncertainties not
under the Company's control which may cause actual results,
performances or achievements of the Company to be materially
different from the results, performances or expectations implied by
these forward looking statements. This news release does not
constitute an offer to sell or a solicitation of an offer to buy
any of the securities in the United States.
The TSX Venture Exchange has not reviewed and does not accept
the responsibility for the adequacy or accuracy of this news
release.
Contacts: QMC Quantum Minerals Corp. Balraj Mann President and
Chief Executive Officer 604-377-7740 Cassius Ventures Ltd. Jason
Birmingham Director and Chief Executive Officer 778-331-2022
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