QMC Quantum Receives Drilling Permits, Rocky Lake Massive Sulphide Project, Flin Flon District, Manitoba
2011年4月29日 - 6:01AM
Marketwired
QMC Quantum Minerals Corp. (TSX VENTURE: QMC) ("QMC" or the
"Company") is pleased to provide an update and announce that the
Company has received permits for drilling on the Rocky Lake,
Manitoba, Canada project from the Ministry of Innovation, Energy
and Mines. Drilling is scheduled to start in the latter half of
June, 2011 and it is intended to source drilling equipment
available locally.
The Rocky Lake project is well situated in the mineral prolific
region of the province some 50 km North West of The Pas. And, the
city of Flin Flon with its smelter, is 65 km to the north with the
Namew Lake Ni-Cu mine 1 km North West. The Pas - Flin Flon highway
passes 14 km east of the property and the Hudson's Bay rail line is
15 km to the East. The project is accessible the majority of the
year by 4 wheel drive and year-round by all terrain vehicles (ATV).
Important infrastructure including human, goods, services and
supplies are all readily available.
QMC's Rocky Lake property is composed of Mineral Exploration
License No. 219A (5,000 hectares) and Jaln 1 Claim No. MB 7972 (256
hectares). The adjacent area surrounding 219A and the Jaln 1 are
held as the Rocky-Namew Project, composed of Manitoba exploration
licenses No. 358A, 359A and the Namew Lake Property is composed of
exploration licenses 360A and 361A.
QMC's drilling program will initially target the strong Pulse
Domain Electromagnetic (PEM) conductor anomalies delineated by the
21 line km Crone geophysics survey completed on license no. 219A by
QMC These PEM anomalies could well represent hidden massive
sulphide bodies at depth. Total drilling footage is anticipated to
be 5000 meters.
The Rocky Lake Copper prospect was discovered in June of 1987,
when airborne geophysical surveys detected a 5 km. long conductor
and further ground EM surveys outlined a 1500 meter long conductor
associated with a magnetic high. Hudson Bay diamond drilled 10 NQ
and BQ holes totaling 2,292 meters in three programs; five in 1987,
three in1990 and two in 1991. The ground was subsequently acquired
by QMC from 4920776 Manitoba Ltd. as Mineral Exploration License
219A. This Manitoba company, on behalf QMC, cut a new grid over the
Hudson Bay anomaly and completed the Crone survey.
The main target on the Rocky Lake VMS property will be the
copper occurrence because of the pertinent grades intersected by
Hudson Bay Exploration and Development in the late 1980's and early
1990's. A total of ten holes were drilled over a length of 1 km.,
with the best intersection encountering 10.3 meters grading 0.38%
Cu (including 4.3 metres @ 0.67% Cu) in RES-122. This intersection
contained high-grade sections (up to 3.0% Cu across 0.3m) within
the 10.3 m. The Crone PEM survey suggests that some of the
strongest portions of the original Hudson Bay electromagnetic
anomaly were not adequately tested. The drilling appears to have
been carried out on the footwall side of the potential mineralized
body, thereby missing the main target. Copper mineralization
intersected in the Hudson Bay drilling is present as stringers and
could represent footwall stringer mineralization adding credence
that the main massive sulphide mineralized body may well have been
missed.
In 1980, INCO conducted the initial exploration of Precambrian
VMS deposits South of Flin Flon Snow Lake that is covered by
Paleozoic sedimentary strata. Following on airborne
electromagnetic-magnetic surveys and follow-up ground geophysical
surveys, a limited number of diamond drill holes were completed.
The Hudson Bay team completed airborne EM-magnetic surveys south of
Flin Flon (Menard et al 1996) in the early 1980's that delineated
several conductors. Subsequent drilling led to the discovery of the
Namew Lake metamorphosed magmatic Ni-Cu deposit in 1984. The Namew
Lake mine was developed by Hudson Bay (60%) and Outukumpu Mines
Ltd. (40%) and when the mine closed in 1993, it had produced 2.57
million tonnes grading 0.63% Cu and 1.79% Ni as well as 0.1 g/t Au,
4.1 g/t Ag, 0.5 g/t Pd and 0.6 g/t Pt (Menard et al, 1996).
QMC commissioned airborne Geotech VTEM plus survey to cover
Rocky Lake project licenses and claims for a total of 2142 line
kilometers. This is a follow-up of the PEM survey. As mentioned
above the PEM survey returned strong conductor anomalies. It will
be important to note comparisons of any potential Geotech VTEM
anomalies to the PEM survey anomalies. This will aid identifying
similar potential drilling targets on the other licenses.
Geotech's VTEM plus Time Domain EM system has been shown to
locate discrete conductive anomalies as well as mapping lateral and
vertical variations in resistivity. The VTEM plus system is
equipped with a high-sensitivity magnetic gradiometer for mapping
geologic structure and lithology. Geotech is a leading innovator in
the airborne electromagnetics industry through the development of
new and progressive airborne geophysical technologies. These
conductors could represent hidden volcanogenic massive sulphide
mineralized bodies at depth.
This news release was reviewed and approved by Mohan R.
Vulimiri, M.Sc., P.Geo, who is qualified person under the NI 43-101
guidelines and a director of the Company.
The Company 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; Carrot River
which is optioned to Cassius Ventures Ltd. (TSX VENTURE: CZ),
Rocky-Namew property and the Namew Lake property.
On behalf of the Board of Directors of QMC QUANTUM MINERALS
CORP.
Balraj Mann, President 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 604-601-2018
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