QMC Quantum Minerals Corp. (TSX.V: QMC) (FSE: 3LQ) (OTC: QMCQF), based in Vancouver British Columbia, is engaged in the acquisition, exploration and development of natural resource properties. The company’s focus is to create shareholder value through strategic acquisition and development of high-quality lithium, silver, gold, nickel, copper and zinc prospects.
Quantum Minerals’ current projects are located in the Canadian province of Manitoba, one of the country’s most productive, centrally located mining regions. QMC Resources include the following two wholly-owned properties, from which the company’s aim is to identify economic mineral deposits for development and near-term production.
QMC’s management’s extensive experience in the field of mineral exploration and development gives us a competitive advantage in discovering, appraising and advancing mineral deposits, particularly overlooked resources with high upside potential. QMC also draws on the tremendous experience of its management in the realm of corporate finance and public markets, which will prove invaluable in acquisition, financing, and creating shareholder value.
CPA. CA., CEO, President & Director
Mr. Balraj Mann is a chartered accountant with over 35 years of experience serving as director and advisor for both public and private companies in the areas of corporate finance, acquisitions and financial reporting. Mr. Mann served as senior manager with Price Waterhouse, where he attained his CA designation in 1982. From 1989 to 2001, he was president of a private real estate development corporation completing industrial, commercial, single and multi-family high-rise residential projects in excess of $200 million. During this time, Mr. Mann was also an active participant in the corporate management of the Boundary Bay Airport in Delta, BC. He was a member of the advisory board of Accelerate Power Systems Inc, formerly Key Capital Group Inc., from 2000 to 2001. Over a period of six years, from 2006 to 2012, Mr. Mann had served as the chief financial officer, director, and senior advisor of Business Development at Eagle Star Minerals Corp.
Bruce E. Goad
P. Geo., M.Sc., Chief Geologist
Bruce E. Goad has over 40 years experience in mineral exploration. After completing his undergraduate degree, Mr. Goad began a four year study of the pegmatitic granites in the Winnipeg River Area (Manitoba) for his M.Sc. thesis. In part, field work during the summer months involved evaluation of both the Li-Ta-Nb-Be-Sn-bearing, rare element pegmatites within the Bird River-Cat Lake area of Manitoba and the lithium (spodumene)-bearing pegmatites in the Wekusko Lake area of central Manitoba. Upon graduation, he began his career with AMAX Minerals / Canamax Resources in Vancouver.
Mr. Edward Low has 20 years of experience in providing accounting services to both public and private companies. Within his extensive experience, Mr. Low has held various leadership positions including those of chief financial officer, controller and consultant in various publicly traded companies. Since 1998, he has provided accounting services to junior mining companies, including those listed on the TSX Venture Exchange, and OTC: Bulletin Board.
Ms. Alicia Milne is a corporate secretary and securities compliance consultant providing services to various public companies listed on the NYSE, TSX and TSX Venture Exchanges. Beginning in the legal industry over 18 years ago as a securities paralegal, Ms. Milne has developed her career over the last 15 years serving as a corporate secretary, securities compliance officer and corporate consultant, as well as an independent director. She has worked with various public companies, including but not limited to Commerce Resources Corp, Eagle Star Minerals Corp, Pasinex Resources Ltd, and Zimtu Capital Corp. Ms. Milne is a member of the Governance Professionals of Canada (formerly Canadian Society of Corporate Secretaries) and also serves as the secretary to the Board of Directors of Women in Mining BC. Ms. Milne continually remains current with regulatory requirements, completing most industry related courses offered by the regulatory authorities and various associations.
Mr. Anthony Zelen has over 20 years of experience in roles ranging from investor relations, public relations and strategic marketing for technology, mining and oil and gas industries. Anthony serves as the director of several publicly traded companies and has a number of successful private business ventures under his belt. Mr. Zelen holds a BA in economics and political science from Simon Fraser University.
QMC Quantum Minerals’ flagship project, the Irgon Lithium Mine is just 20 km from Tantalum Mining Corporation of Canada (“TANCO”) TANCO Mine, North America’s most successful lithium mine to date—and shows even richer ores. With a shaft already drilled and a historic (non NI 43-103 compliant) resource estimate of 1.2 million tons grading 1.51% Li20 over a strike length of 365 metres (1,200 ft) and to a depth of 213 metres (700 ft), Irgon is projected to be QMC’s first mine to reach production. Our Namew Lake District Project has the potential for a significant discovery of copper, nickel, gold, silver, palladium and platinum.
IRGON LITHIUM MINE
QMC Quantum Minerals’ Irgon project is a resurrection story.
Shortly after World War II, Lithium Corporation of Canada (LCOC), began work on this property located in Manitoba, just north of Cat Lake 150 km (93 miles) from Winnipeg.
In 1953-1954, LCOC drilled 25 holes into a geological formation at Cat Lake called the Irgon Pegmatite Dike. The Lithium assays obtained from this sampling were outstanding. Geologists estimated the part of the Irgon Dike lithium resource they looked at contained 1.2 million tons of ore grading 1.51% Li20 over a strike length of 365 meters and to a depth of 213 meters.
LCOC excavated a 3-compartment shaft descending 74 meters into the ground . It also constructed a processing plant on the site to process the ore, and a road to connect the mine site to nearby Provincial Routes 324 and 315, but lithium prices plunged, and LCOC shut down its Irgon Mine in 1957, announcing, “work was suspended, awaiting a more favorable market for lithium oxides.”
After re-evaluating LCOC’s historic data, we believed the numbers were reasonable given the technology of the day. More than that—they hinted at greater promise for a number of reasons.
First, the local geology is supportive. Irgon Dike lies in the Winnipeg River Pegmatite Field. The entire area is prime lithium-hunting country because it is rich in a mineral called spodumene.
Also, you can see on the map, the TANCO lithium mine, which was discovered in the late 1920’s and has been mined intermittently since 1929 is a near neighbour. The Irgon Mine shaft is less than 20 km (about 12 miles) away from the TANCO deposit. During its peak operating years, the TANCO mine was North America’s largest producer of lithium.
We were also encouraged that the original metallurgical tests showed an 87% recovery rate for lithium from the Irgon Dike samples.
Namew Lake Property
QMC Quantum Mineral’s Namew Lake District property encompasses the Rocky Lake Discovery in the world-class Flin Flon/Snow Lake Volcanic Massive Sulphide (“VMS”) mining district in Northwestern Manitoba.
We are the 100% owner of this extensive property that covers approximately 23,000 hectares.
Like the Irgon mine, Namew Lake is very well located. It is approximately 50 kilometers northwest of the town of The Pas and 65 kilometers south of the mining center and former smelter at Flin Flon, Manitoba. Accessis off of Highway 10.
We know this is a rich area. The old Namew Lake mine, 11 kilometers away, produced 2.57 million tonnes of copper, nickel, gold, silver, palladium, and platinum over five years.
QMC has historical data on the Namew site. In 1984, Hudson Bay Minerals and Inco conducted airborne surveys, ground geophysics, and drilling to identify potential nickel and copper deposits. Additional surveys from 1987 to 1991 yielded additional confirmation of potential copper mineralization in the Rocky Lake area.
At our Rocky Lake Project in the Namew Property drill programs found significant conductors—rock with enough mineral content to carry electricity. Assays from the drill holes showed gold at levels from 0.5 to 3.5 ppb, copper at 98 to 491 ppm, 10% to 32% iron, and zinc in some drill holes ranging up to 0.44%.
Exploratory drilling continued in Namew through 2013. At current prices, QMC will concentrate on bringing the Irgon Property into production first, but Namew remains a massive resource with strong future potential for us.
WHY INVEST IN QMC?
QMC Quantum Minerals Corp. is focused on creating shareholder value through the strategic acquisition and development of high quality Lithium Ag-Au-Ni-Cu-Zn prospects in Manitoba, Canada, one of the most productive mining regions with a centralized and well-developed mining infrastructure currently in place, in addition to being ranked as one of the most mining friendly jurisdictions in the world.
QMC’s high-potential Ag-Au-Cu-Ni-Zn prospects in the world class Flin Flon VMS district, the Cat Lake Lithium Property (the former Irgon Mine) and an experienced management team in both exploration geology and corporate finance put QMC in an excellent position to take advantage of rising prices in lithium, precious and base metals.
QMC aims to execute comprehensive work programs on its Cat Lake (the former Irgon Mine), Rocky Lake and Namew Lake Properties, to identify economic mineral deposits for development and near term production.
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