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-Massive sulphide mineralization with visible chalcopyrite confirmed on the main Rocky Lake Target
-Massive sulphide mineralization confirmed on 3 of 4 additional Geotech VTEM targets
Vancouver, June 20, 2012 - Further to the press release dated April 11, 2012, QMC Quantum Minerals Corp. (TSXV: QMC)(FSE: 3LQ) ("QMC" or the "Company") is pleased to announce an update on the exploration work performed on the Rocky Lake massive sulphide (Rocky Lake and Rocky-Namew) projects, Flin Flon district, Manitoba.
Detailed re-interpretation of VTEM data by Maxwell Modelling on the main Rocky Lake massive sulphide target showed the presence of a deep seated conductor. This conductor appears to be at least 1000 metres long and seated at a depth of minimum 200 metres. The top of the conductor was confirmed by drill holes RL11-2 and RL12-5. Massive sulphide mineralization was intersected at the bottom of RL11-2 at a vertical depth of 193 metres. Mineralization consists of semi-massive sulphides, mostly pyrrhotite and 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. Assays from the mineralized core at the bottom of the drill hole returned 30 cm grading 0.26% copper within a semi-massive sulphide section of approximate 20% total iron sulphides.
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Rocky-Namew Drill Targets and Hole Locations
Winter 2011-2012
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Drill Hole RL 11-2: pyrrhotite and pyrite with visible chalcopyrite
Drill Hole RL12-5 also intersected semi-massive sulphides at a vertical depth of 171 metres. The intersection returned highly significant values of copper within a zone averaging 18% to 20% iron sulphides over 9 metres.
Detailed assays are shown below:
RL 11-2:
GNEISS - quartz-feldspar-hornblende-biotite gneiss, SMSX - semi-massive sulphides, QV - quartz veins,
HBBT - amphibolite
These results are highly encouraging and indicate that a more extensive drilling program to fully test the mineralized VMS system is warranted. Seven (7) drill holes at a spacing of 100 metres are recommended to test this conductor along strike and depth. The other holes drilled in this zone (RL11-1 and RL11-3) were much shallower and did not intersect the deep conductor; however, they returned significant values in copper. RL11-1 also returned anomalous copper with values up to 400 ppm from 147 metres to the end of the hole at 222.50 metres. The results are shown below:
RL11-3
GNEISS - quartz-feldspar-hornblende-biotite gneiss, QFP - quartz-feldspar pegmatite with muscovite and biotite
RL11-1
HBBT - amphibolite, QVSX - quartz vein with chalcopyrite, pyrrhotite and pyrite
The two semi-massive sulphide intersections (drill holes RL11-2 and RL11-5) also confirms the geological re-interpretation of the Hudson Bay's historical diamond drilling program and suggests that Hudson Bay missed the deep-seated massive sulphide mineralization.
As mentioned in the Company's press release dated April 11, 2012, the VTEM survey covered all the project licenses and twenty eight (28) VTEM targets were identified. Five distinct targets were drilled in this phase. The rest of the targets will be tested in future drilling.
Mohan Vulimiri, QMC's Director and Qualified Person, again emphasizes that "the project has tremendous potential to host significant copper mineralization. All we need is a systematic follow-up of all the VTEM conductors and especially drilling of the main Rocky Lake Target at depth, now that we know where exactly it is present."
Drilling on other five Geotech VTEM Targets
Three drill holes, RL12-6, RL12-8 and RL12-9 intersected mineralization on three separate targets outside the Rocky Lake area (T11A, T12Aand T12B) and a fourth hole, RL12-4, intersected the hanging wall altered felsic wall rock rocks (Target T14). This drill hole was short of the deep target. All three holes returned anomalous values in copper up to 100 to 500 ppm with iron sulphides up to 30%. RL12-9 also returned anomalous values in zinc (shown below). Hole RL12-7 (Target 11B) appeared to miss the target.
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 a qualified person under the NI 43-101 guidelines and a Director of the Company.
About QMC Quantum Minerals
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
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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