QMC Quantum Minerals Corp.: Drill Permits Received for Flin Flon District, Namew Lake VMS Project
2013年12月3日 - 9:30PM
Marketwired Canada
QMC Quantum Minerals Corp. (TSX VENTURE:QMC)(PINKSHEETS:QMCQF)(FRANKFURT:3LQ)
("QMC" or the "Company") is pleased to announce it has received the necessary
permits for the upcoming drill program on the Company's 100% owned Namew Lake
Volcanogenic Massive Sulphide (VMS) Project. A two phase work program including
6,000 metres of diamond drilling and refined geophysics is now being planned.
QMC's district sized 39,236 hectare (97,000 acre) Namew Lake project is
contiguous to the eastern side of Hudbay Minerals' "Namew Lake Mine" which has
produced 2.57 million tonnes of Copper, Nickel, Gold, Silver, Palladium, and
Platinum within the renowned Flin Flon Mining District of Manitoba.
The upcoming drill program will focus on expanding the previously announced
Rocky Lake VMS discovery zone, originally identified by Hudbay Minerals, within
the Company's Namew Lake VMS Project. A recent airborne survey commissioned by
QMC had identified 41 conductors using the VTEM+ system. Following this survey,
the successful 9-hole drill campaign during the 2012 exploration season had
resulted in visible chalcopyrite at the end of hole RL11-2, confirming that the
deep-seated conductor had been missed by the prior Hudbay programs. Core
drillings on the properties to date have yielded significant intercepts
including 0.65% Copper over 9.0 metres and grading up to 3.0% Copper in drill
core.
The Namew Lake VMS Project, including the Rocky Lake discovery zone, is well
situated within the mineral prolific region of the province - the Flin Flon
Greenstone Belt - and is positioned approximately
-- 65 km south of the city of Flin Flon,
-- 50 km northwest of The Pas,
-- 5 km south of Namew Lake Road,
-- 14 km west of Highway 10, and
-- 15 km west of Hudson's Bay rail line.
The Flin Flon Greenstone Belt is home to the largest Paleoproterozoic VMS
district in the world, hosting 27 significant deposits containing over 154
million tonnes of ore. In addition to this mineral rich potential, the province
of Manitoba has also been recognized nationally and globally as one of the best
places for mining investment. By leveraging the exploration initiatives and
incentives offered by Manitoba in combination with the location advantage of the
Project, QMC Quantum Minerals Corp. is positioned to execute a work program
within a well-developed mining infrastructure.
The technical and scientific information in this news release has been reviewed
and approved by Mohan R. Vulimiri, M.Sc., P.Geo, who is a qualified person under
the NI 43-101 guidelines and a Director of the Company.
About Quantum Minerals Corp.
QMC Quantum Minerals Corp. is a junior mineral exploration company focused on
finding and developing VMS style Ni-Cu-Zn-Au prospects in Manitoba, Canada. QMC
management's extensive experience in the field of mineral exploration and
development give it a competitive advantage in discovering, appraising and
advancing mineral deposits. QMC also draws on the tremendous experience of its
management in the realm of corporate finance and public markets which will prove
invaluable in acquisition, financing, and creating overall shareholder value.
On behalf of the Board of Directors
Balraj Mann
CEO, President & Director
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements
that are based on assumptions as of the date of this news release. These
statements reflect management's current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance. QMC cautions that
all forward-looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many of which are
beyond QMC's control. Such factors include, among other things: risks and
uncertainties relating to QMC's ability to complete proposed private placement
financing. Accordingly, actual and future events, conditions and results may
differ materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward-looking information. Except as required
under applicable securities legislation, QMC undertakes no obligation to
publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FOR FURTHER INFORMATION PLEASE CONTACT:
QMC Quantum Minerals Corp.
Balraj Mann
CEO, President & Director
(604) 559-8051
(604) 688-1320 (FAX)
info@qmcminerals.com
www.qmcminerals.com
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