(via Thenewswire.ca)
-massive sulphide mineralization discovered on the main Rocky Lake Target
-two massive sulphide mineralized zones intersected on two discrete separate Geotech geophysical targets
Vancouver, March 29, 2012 - QMC Quantum Minerals Corp. (TSXV: QMC) ("QMC" or the "Company") is pleased to announce the discovery of three distinct massive sulphide targets from the preliminary 2500 metre drilling program, Rocky Lake Project, Flin Flon district, Manitoba (QMC press release dated November 2, 2012)
The drilling program consisted of 9 holes; five holes (5) were drilled on five distinct targets delineated by Geotech's helicopter-borne VTEM plus Time Domain EM ("VTEM") survey and four holes (RL11-1, RL11-2, RL12-3 and RL12-4) were drilled to test the Crone Pulse EM ("PEM") geophysical conductor on the main Rocky Lake Project. Assay results were received for RL12-6 on Target 11A. Results for all the other holes are pending. Nineteen (19) more distinct targets identified by Geotech's VTEM survey require drilling.
Rock Lake Main Target
QMC is very encouraged to report that massive sulphide mineralization was intersected at the bottom of drill hole RL11-2. Mineralization consists of semi-massive sulphides, mostly pyrrhotite, pyrite with visible chalcopyrite, and is hosted near the contact of the hanging wall felsic rocks with the footwall mafic rocks. The drill hole was stopped in mineralization because of drilling problems. Follow-up systematic drilling will be carried out to delineate the mineralization in terms of thickness, strike extensions and dip continuity of the mineralization. Further details with regards to the grade of the mineralization with be released upon receipt of the assay data.
This massive sulphide intersection confirms the coincident Crone PEM and the Geotech VTEM conductor target, as well as the geological re-interpretation of the Hudsons Bay's diamond drilling program, that Hudsons Bay missed the hanging wall massive sulphide mineralization.
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 survey. 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.
Geotech VTEM Targets
Two holes, RL12-6 and RL12-8 intersected mineralization on two separate targets (11A and T12A) and a third hole, RL12-5 intersected the hanging wall altered felsic wall rock rocks (Target T14). This drill hole was short of the deep target. Holes RL12-7 (Target 11B) and RL12-9 (Target 12B) appeared to miss the targets.
Target T12A
Drill hole RL12-8 intersected wide intersections of semi-massive to massive sulphide mineralization from 146 to 151 metres (5 metres), 157 to 187.5 metres (30.5 metres), 194 to 248 metres (54 metres). The mineralization mostly is composed of pyrrhotite and minor pyrite. Traces of chalcopyrite was also observed. The mineralization is hosted in mafic volcanic rocks (hornblende-biotite amphibolites).
More systematic drilling is required to delineate the true thickness of the mineralization as well as the metal zonation. This will assist in locating the relatively higher base metal rich zones of the mineralization.
Target 11A
Drill hole R12-6 intersected sulphide mineralization with pyrrhotite, minor pyrite and traces of chalcopyrite between 99 metres to 162.45 metres. The sulphide content varies from semi-massive to disseminated and it is predominantly is associated with the contact zone between feldspathic gneissic rocks and the mafic volcanic rocks (amphibolite).
As in the case with Drill Hole RL12-8, systematic diamond drilling will be planned to delineate the mineralized zone, with purpose of determining the metal zonation and structural controls. This will assist in locating the higher grade zones. Assays returned significant iron content with highly anomalous values in copper. Several continuous samples returned values in the range of 100 to 440 ppm copper over 5 metres core length, and values ranging from 50 to 440 ppm copper (some intermittent values less than 100 ppm, and several over 400 ppm) over 20 metres core length.. These results suggest that higher grade sections of the mineralization could be present on the strike and dip extensions of the zone.
All samples were assayed by Acme Analytical Laboratories Ltd of Vancouver BC by aqua regia digestion ICP-MS analysis. Assaying quality is monitored internally with a quality control program that includes the use of sample standards, blanks, duplicates and repeats.
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, base metals and REE properties of merit. The Company recently acquired the Mugaha gold project, British Columbia, and the Cinder Lake REE property, Northern Manitoba.
On behalf of the Board of Directors of
QMC QUANTUM MINERALS CORP.
"Balraj Mann"
Balraj Mann
President and Chief Executive Officer
For more information Email: info@qmcminerals.com or Contact
Amy Fernets
T: 778-331-2025
E: amy@qmcminerals.com
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
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.
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