QMC Quantum Minerals Corp.
TSX VENTURE : QMC

QMC Quantum Minerals Corp.
Cassius Ventures Ltd.
TSX VENTURE : CZ

March 30, 2011 14:18 ET

QMC Quantum Minerals and Cassius Ventures Report on Drilling, Carrot River Project, Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 30, 2011) - 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.

Contact Information

  • QMC Quantum Minerals Corp.
    Balraj Mann
    President and Chief Executive Officer
    604-377-7740
    or
    Cassius Ventures Ltd.
    Jason Birmingham
    Director and Chief Executive Officer
    778-331-2022