QMC Quantum Minerals Corp.
TSX VENTURE : QMC

QMC Quantum Minerals Corp.

November 17, 2011 09:30 ET

QMC Quantum Signs Drill and Drilling Program Supervision Contracts, Rocky Lake Massive Sulphide Project, Flin Flon District, Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2011) - QMC Quantum Minerals Corp. (TSX VENTURE:QMC) ("QMC" or the "Company") is pleased to announce that it has signed a drill contact with Cartwright Drilling Inc. of Goose Bay, Newfoundland and Labrador. The Company also engaged Minroc Management Inc. of Toronto to oversee the drilling program. The drill program is expected to commence in ten days. Drill equipment is being mobilized to the property.

Rocky Lake Project Description

QMC's Rocky Lake permitted property is 5,000 hectares and Jaln 1 Claim is 256 hectares. The adjacent surrounding areas are held as the Rocky-Namew Project and cover 24,691 hectares. 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 in 1990 and two in 1991. This QMC cut a new grid over the Hudson Bay anomaly and completed the Crone Pulse Domain Electromagnetic (PEM) survey. The PEM survey delineated a very prominent conductor anomaly shown in the attached figure.

The PEM survey anomaly 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. Six to ten holes totaling 2500 metres are planned to test this PEM conductor.

QMC also recently carried out an helicopter-borne VTEM plus Time Domain EM survey (Geotech) covering all the project licenses and claims for a total of 2142 line kilometers with 160 metre line spacing over an area of 316 square kilometers. Geotech's VTEM system has been shown to locate discrete conductive anomalies as well as mapping lateral and vertical variations in resistivity. These conductors could represent hidden volcanogenic massive sulphide mineralized bodies at depth.

Based on the analysis of EM anomaly picking, EM time-constant (TAU) and resistivity depth imaging, twenty one (21) deep targets were selected for Maxwell 2.5D plate modeling, as shown in the attached figure. Maxwell 2.5D plate modeling provides quantitative interpretations of conductors, using conductive plate(s) in a non-conductive medium. It gives target location geometry and conductivity parameters. Out of twenty one (21) targets selected for modeling, fifteen (15) are classified as first priority targets.

QMC selected five of these priority targets recommended in the Geotech report for test drilling the conductors. The Company is expecting the drill permits to the Manitoba Ministry of Innovation, Energy and Mines in time for drilling. Another 2500 metres are expected to be drilled to test these five targets.

The projects are 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 al terrain vehicles (ATV). Important infrastructure including human, goods, services and supplies are all readily available.

The company further advises that the Rocky property license MEL 219A has been converted into 21 claims being Rock 1 to Rock 21 and that as a result of the Geotech survey it has applied for and been issued license MEL 981A for 11,123 hectares by the province of Manitoba Department of Innovation, Energy and Mines. The new license MEL 981A is adjacent to its existing licenses MEL 358A, MEL 360 and MEL 361.

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 Rocky-Namew 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.

To view the figure "Geotech VTEM Time Domain EM Drill Hole Targets and Inset showing Crone Geophysics Pulse EM Survey conductor anomalies", please visit the following link: http://media3.marketwire.com/docs/745789_fig.pdf

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
    Suite 600, 666 Burrard Street
    Vancouver, British Columbia V6C 2X3
    604 601-2018
    info@qmcminerals.com