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QMC Doubles Strike Length of Irgon Dike to 800 Metres
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2018) - QMC Quantum Minerals Corp...
About this update from Qmc Quantum Minerals Corp.
[{"type":"text","content":"QMC Doubles Strike Length of Irgon Dike to 800 MetresVancouver, British Columbia--(Newsfile Corp. - October 30, 2018) - QMC Quantum Minerals Corp., (TSXV: QMC) (FSE: 3LQ) (OTC PINK: QMCQF) (\"QMC\" or \"the Company\") is pleased to provide an update on the company's 100% owned Irgon Mine Project located within the prolific Cat Lake-Winnipeg River rare-element pegmatite field of S.E. Manitoba, which also hosts Cabot Corporation's nearby Tantalum Mining Corporation of Canada (\"TANCO\") rare-element pegmatite. During the recent SGS Canada Irgon Property site visit, company personnel identified significant spodumene mineralization in pegmatite dikes that outcrop north of Cat Lake, immediately west of the Irgon Dike. Spodumene mineralization was identified in numerous localized pegmatite exposures, directly on strike with and as far as 400 meters west of the Irgon Shaft. This observation of pegmatite outcrops containing significant visual spodumene mineralization and the fact that it occurs on the same dike trend as the Irgon Dike, suggests to QMC geologists that the Irgon mineralization continues westward. This indicates a potential for the original historic resource estimate (1.2MT at 1.51% Li2O) published for the Irgon Lithium Mine to be rapidly increased through ongoing exploration. QMC plans to initiate an exploration program in this area, during which this western dike zone will be stripped and washed leading into a program of channel sampling and drilling. This will allow the company to determine whether this zone is the western extension of the Irgon Dike or if it is an entirely new mineralized pegmatite system. Either way, as this new mineralized zone is being evaluated, it could quickly add potential resource expansion within the Irgon Project.HISTORICAL RESOURCEBetween 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and subsequently reported a historical resource estimate of 1.2 million tons grading 1.51% Li20 over a strike length of 365 meters and to a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical resource is documented in a 1956 Assessment Report by B. B. Bannatyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report No. 94932). This historical estimate is believed to be based on reasonable assumptions, and neither the...