QMC Quantum Minerals Corp.: Drill Permits Received for Flin Flon District, Namew Lake VMS Project
December 03 2013 - 8:30AM
Marketwired
QMC Quantum Minerals Corp.: Drill Permits Received for Flin Flon
District, Namew Lake VMS Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 3, 2013) - QMC
Quantum Minerals Corp.
(TSX-VENTURE:QMC)(PINKSHEETS:QMCQF)(FRANKFURT:3LQ) ("QMC" or the
"Company") is pleased to announce it has received the necessary
permits for the upcoming drill program on the Company's 100% owned
Namew Lake Volcanogenic Massive Sulphide (VMS) Project. A two phase
work program including 6,000 metres of diamond drilling and refined
geophysics is now being planned. QMC's district sized 39,236
hectare (97,000 acre) Namew Lake project is contiguous to the
eastern side of Hudbay Minerals' "Namew Lake Mine" which has
produced 2.57 million tonnes of Copper, Nickel, Gold, Silver,
Palladium, and Platinum within the renowned Flin Flon Mining
District of Manitoba.
The upcoming drill program will focus on expanding the
previously announced Rocky Lake VMS discovery zone, originally
identified by Hudbay Minerals, within the Company's Namew Lake VMS
Project. A recent airborne survey commissioned by QMC had
identified 41 conductors using the VTEM+ system. Following this
survey, the successful 9-hole drill campaign during the 2012
exploration season had resulted in visible chalcopyrite at the end
of hole RL11-2, confirming that the deep-seated conductor had been
missed by the prior Hudbay programs. Core drillings on the
properties to date have yielded significant intercepts including
0.65% Copper over 9.0 metres and grading up to 3.0% Copper in drill
core.
The Namew Lake VMS Project, including the Rocky Lake discovery
zone, is well situated within the mineral prolific region of the
province - the Flin Flon Greenstone Belt - and is positioned
approximately
- 65 km south of the city of Flin Flon,
- 50 km northwest of The Pas,
- 5 km south of Namew Lake Road,
- 14 km west of Highway 10, and
- 15 km west of Hudson's Bay rail line.
The Flin Flon Greenstone Belt is home to the largest
Paleoproterozoic VMS district in the world, hosting 27 significant
deposits containing over 154 million tonnes of ore. In addition to
this mineral rich potential, the province of Manitoba has also been
recognized nationally and globally as one of the best places for
mining investment. By leveraging the exploration initiatives and
incentives offered by Manitoba in combination with the location
advantage of the Project, QMC Quantum Minerals Corp. is positioned
to execute a work program within a well-developed mining
infrastructure.
The technical and scientific information in this news release
has been 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 Quantum Minerals
Corp.
QMC Quantum Minerals Corp. is a junior mineral exploration
company focused on finding and developing VMS style Ni-Cu-Zn-Au
prospects in Manitoba, Canada. QMC management's extensive
experience in the field of mineral exploration and development give
it a competitive advantage in discovering, appraising and advancing
mineral deposits. 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
overall shareholder value.
On behalf of the Board of Directors
Balraj Mann
CEO, President & Director
Forward-Looking
Statements
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management's
current estimates, beliefs, intentions and expectations. They are
not guarantees of future performance. QMC cautions that all
forward-looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many
of which are beyond QMC's control. Such factors include, among
other things: risks and uncertainties relating to QMC's ability to
complete proposed private placement financing. Accordingly, actual
and future events, conditions and results may differ materially
from the estimates, beliefs, intentions and expectations expressed
or implied in the forward-looking information. Except as required
under applicable securities legislation, QMC undertakes no
obligation to publicly update or revise forward-looking
information.
NEITHER TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX-VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
QMC Quantum Minerals Corp.Balraj MannCEO, President &
Director(604) 559-8051(604)
688-1320info@qmcminerals.comwww.qmcminerals.com
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