QMC Quantum Minerals Corp.

QMC Quantum Minerals Corp.

April 28, 2011 17:01 ET

QMC Quantum Receives Drilling Permits, Rocky Lake Massive Sulphide Project, Flin Flon District, Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2011) - 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.

Contact Information

  • QMC Quantum Minerals Corp.
    Balraj Mann
    President and Chief Executive Officer