Monday, March 04, 2019

#Mining Stock News Alert: Kutcho Copper (TSXV: $KC.V) (OTC: $KCCFF) Expands High-grade Mineral Resources to 17.26 MT of Measured & Indicated at 2.61% CuEq1 and 10.71MT of Inferred at 1.67% CuEq1; Outlines Additional Near Resource Targets


#Mining Stock News Alert: Kutcho Copper (TSXV: $KC.V) (OTC: $KCCFF)  Expands High-grade Mineral Resources to 17.26 MT of Measured & Indicated at 2.61% CuEq1 and 10.71MT of Inferred at 1.67% CuEq1; Outlines Additional Near Resource Targets



Vancouver BC, March 4, 2019, (Investorideas.com Newswire) Kutcho Copper Corp. (TSXV: KC) (OTC: KCCFF) (“Kutcho Copper” or the “Company”) is pleased to provide an updated mineral resource estimate that will be used as the basis for its upcoming Feasibility Study on its 100% owned Kutcho high grade copper-zinc project located in British Columbia (“Kutcho Project”). The mineral resource estimate was prepared under the direction of Robert Sim, P.Geo, with the assistance of Bruce Davis, PhD, FAusIMM, by SIM Geological Inc. (SGI).

“We are pleased to announce an updated mineral resource estimate for the Kutcho Project that incorporates the significant work and new drilling conducted by Kutcho Copper during our first full year of ownership. The updated mineral resource includes a substantial 84% increase in inferred mineral resources compared to the 2017 resource estimate*. In addition, there remains significant exploration potential between, below and along strike from the existing mineral resources, providing further upside opportunities to grow the size of the project. This expanded mineral resource will form the foundation for the Feasibility Study, which is slated to be completed in Q2/Q3 2019”, stated Vince Sorace, President & CEO of Kutcho Copper.


Kutcho Project - Estimate of Mineral Resources
Class
Tonnes (000)
CuEq (%)
Cu (%)
Zn (%)
Au (g/t)
Ag (g/t)
Main Deposit
Measured
5,831
2.66
1.92
2.78
0.48
28.7
Indicated
9,003
2.20
1.62
2.13
0.40
29.2
Measured + Indicated
14,834
2.38
1.74
2.38
0.43
29.0
Inferred
1,902
1.98
1.31
2.16
0.48
29.7
Esso Deposit
Indicated
2,425
3.98
2.52
4.76
0.81
64.0
Inferred
1,025
2.30
1.60
2.23
0.52
41.4
Sumac Deposit
Inferred
7,779
1.52
1.10
1.60
0.17
16.9
Combined – All Deposits
Measured
5,831
2.66
1.92
2.78
0.48
28.7
Indicated
11,428
2.58
1.81
2.68
0.49
36.5
Measured + Indicated
17,259
2.61
1.85
2.72
0.49
33.9
Inferred
10,706
1.67
1.18
1.76
0.26
21.5
1.      The estimates in the table are considered to be amenable to underground extraction methods. The base case cut-off grade is 1.2% CuEq based on the formula CuEq = (Cu% x 0.825) + (Zn% x 0.302) + (Ag g/t x 0.004) + (Au g/t x 0.262). Mineral resources are not mineral reserves because the economic viability has not been demonstrated.

2.      Estimate assumes Mining (underground) US $34.00/t, Processing US $18.00/t, US G&A $10/t, copper price US $3.00/lb, zinc price US $1.25/t, gold price US $1350/oz, silver price US $17.00/oz, copper payable recovery 82.5%, zinc payable recovery 72.5%, silver payable recovery 45%, gold payable recovery 40%
3.      Effective date of resource estimate February 22nd, 2019
4.      Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied.
5.      Assumptions used to derive the cut-off grades in order to meet the NI43-101 requirement for mineral resource estimates to demonstrate “reasonable prospects for eventual economic extraction”. The cut-off grades to be used in the upcoming feasibility study may vary from those used to limit the mineral resources reported herein, as the inputs to that study are determined. No inference is implied in the changes to the assumptions used in the cut-off grade calculations from the prior mineral resource estimates as to what will be used in the upcoming feasibility, as those assumptions remain to be determined.

*Please see our website for the 2017 NI 43-101 Technical Report for previous mineral resource
  estimate details www.kutcho.ca or SEDAR www.SEDAR.com


Updated Mineral Resource Metrics
·        38 new drill hole intersections through the Main and Esso deposits utilized to update the new mineral resource calculation (3 at Esso, 35 at Main);
·        2018 drilling successfully delineated additional mineral resources along the down-dip edge of Main, which remains open to further expansion; and
·        Drilling defined a large contiguous body of Measured resources at Main (Figure 1).

“The definition of an updated, robust and larger resource estimate is a significant milestone for the Company”, stated Rob Duncan, COO for Kutcho Copper. “Based on new drill hole data and an independent mineral resource estimation at Kutcho, we have expanded the mineral resources at Kutcho and demonstrated potential for further reserve growth in the upcoming Feasibility Study.”





Figure 1: Resources by category looking SW with Exploration Targets

High Priority Near Resource Targets
Four excellent targets exist on the Kutcho project that are located between, below or along strike from existing mineral resources (Figure 1). These targets represent high probability drill areas that could result in significant accretive value to the project;

1.    The Main-Sumac Gap identifies a 400 m by 380m panel between the Main and Sumac lenses that is untested by drilling. A conductive geophysical anomaly coincides with the area and is 360 m long. K003, the most eastern hole to intersect the Sumac lens and located on the western margin of the gap returned 5.12 m of 1.29% Cu, 0.49% Zn and 7 g/t Ag.

2.    Open Down Dip: Significant portions of all three lenses remain open down dip outside of current resources including over 36% of Main, 50% of Esso and 100% of Sumac.

3.    The Esso-West Expansion target lies 300 m west of the Esso deposit where 150m of a 1500 m long geophysical anomaly has been drill tested. Drilling returned several mineralized intercepts including 7.2 m of 2.0% Cu, 5.2% Zn and ~17 g/t Ag in hole E094B3. There remains 300 m of untested Kutcho horizon between hole E094B3 and Esso, along with an additional 1000 m of untested horizon to the west of hole E094B3. (Off western edge of map)

4.    Footwall Zone (FWZ) lies beneath the Main zone and represents a stacked massive sulphide horizon that is open in all directions. The last drill hole to the east and down dip intersected 1.5 m of 3.54% Cu, 6.94% Zn, 316.9 g/t Ag and 1.47 g/t Au in hole E057.

Mineral Resource Estimation Methodology
Mineral resource estimates are generated using a total of 362 drill holes at the Main deposit, 118 drill holes at the Esso deposit, and 29 drill holes in the vicinity of the Sumac deposit. Drill holes are collared from surface and extend to depths of 700m below surface in some areas. Mineral resource estimates are derived from three-dimensional block models with nominal block sizes measuring 5 x 2.5 x 5m (LxWxH).  Resource estimates were generated using drill hole sample assay results and the interpretation of geological models which relate to the spatial distribution of copper, zinc, gold and silver in the deposits. Interpolation characteristics were defined based on the geology, drill hole spacing, and geostatistical analysis of the data. The effects of potentially anomalous high-grade sample data, composited to 1 metre intervals, are controlled using both traditional top-cutting as well as limiting the distance of influence during block grade interpolation. Block grades are estimated using ordinary kriging and have been validated using a combination of visual and statistical methods to ensure they are appropriate representations of the underlying sample data. Resources in the Measured category are delineated with drill holes on a regular 25m pattern. Resources in the Indicated category are delineated with holes on a nominal 50m pattern and Inferred class resources extend to a maximum distance of 100m from a drill hole. It is assumed that the Kutcho deposits would be mined using underground extraction methods. Based on projected technical and economic parameters, the deposits form consistent zones of mineralization, above a projected base case cut-off threshold of 1.2%CuEq, that are considered to be amenable to underground mining methods.

Qualified Person
Robert Sim, P.Geo. Independent consultant to the Company and a Qualified Person as defined by National Instrument 43-101 ("NI 43-101") has reviewed and approved the contents of this news release related to the mineral resource estimate. All samples were collected in accordance with industry standards. Splits from the drill core samples were submitted to the ALS sample preparation laboratory in Whitehorse, Yukon Territory, Canada, and then transferred to ALS' laboratory in Vancouver, British Columbia, Canada for fire assay and ICP analysis. The precision and accuracy of results is tested through the systematic inclusion of standards, blanks and check assays. The mineral resource estimate referenced in this press release was prepared in November 2018 by Robert Sim, P.Geo., an independent Qualified Person as defined by NI 43-101. Kutcho's additional disclosure of a technical or scientific nature in this press release has been reviewed and approved by Mr. Rory Kutluoglu, B.Sc, P.Geo., Kutcho's Vice President of Exploration and Development, who serves as a Qualified Person under the definition of National Instrument 43-101. In the opinion of the QP, the mineral resource estimate reported herein is a reasonable representation of the mineralization found at the Kutcho project at the current level of sampling. The mineral resources were estimated in conformity with generally accepted CIM Estimation of Mineral Resources and Mineral Reserves Best Practices Guidelines (November 23, 2003) and is reported in accordance with NI 43-101.
About Kutcho Copper Corp.
Kutcho Copper Corp. is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia. Committed to social responsibility and the highest environmental standards, the Company intends to progress the Kutcho Project through feasibility and permitting to a positive construction decision.
Vince Sorace
President & CEO, Kutcho Copper Corp.
Cautionary Note Regarding Forward-Looking Statements
Neither the 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.
This news release contains certain statements that may be deemed “forward-looking statements” with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”, “indicates”, “opportunity”, “possible” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company’s ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project or its other projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the potential for new discoveries, the potential to convert inferred resources to indicated or measured resources, the potential to optimize the mine plan, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company’s plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company’s operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change
For further information regarding Kutcho Copper Corp., please email Michael Rapsch, VP Corporate Communications at mrapsch@kutcho.ca or visit our website at www.kutcho.ca.
Kutcho Copper Corp. | 717 – 1030 West Georgia Street | Vancouver, British Columbia | Canada | V6E 2Y3
Telephone:  (604) 628-5623 | www.kutcho.ca

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Friday, March 01, 2019

Investor Ideas Adds New Stocks in #Lithium & Mining and Biotech (ASX: $AJM.AX, $INF.AX $GLN.AX) (Shenzen:002466.SZ)

Investor Ideas Adds New Stocks in #Lithium & Mining and Biotech (ASX: $AJM.AX, $INF.AX $GLN.AX) (Shenzen:002466.SZ)


Point Roberts, WA, Delta BC – March 1, 2019 – (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource announces this week’s additions to its global stock directories in lithium & mining and biotech.

Investorideas.com is a go-to destination for retail investors and tracks companies in high-profile trading sectors and makes ongoing additions to its stock directories for its followers and members.


All but one of the newest mining companies are involved in lithium mining with the majority listed on the Australian Stock Exchange (ASX) and one listed on the Shenzhen Exchange of China. The non-lithium company is the CSE-listed 21C Metals Inc. (CSE:BULL), which is operating a copper/cobalt operation in Europe.

The latest biotech stocks are all listed on US Exchanges (NYSE/Nasdaq) and are involved in the medical technology aspect of healthcare.

New Lithium & Mining Companies:
Altura Mining Limited (ASX: AJM.AX) is a key player in the global lithium market and is leveraging increasing demand for raw materials for manufacturing lithium ion batteries for electric vehicles and static storage uses. Altura owns and operates the world-class Altura Lithium Project at Pilgangoora in WA’s Pilbara, which has a production capacity of 220,000tpa of quality spodumene concentrate. The Company has completed a Definitive Feasibility Study on a potential Stage 2 expansion to 440,000tpa, with a Final Investment Decision due following a review of the Stage 1 operations and ramp-up to nameplate production.

Tianqi Lithium Corporation (Shenzen:002466.SZ) is a leading new energy materials company in China and globally with lithium at our core. Our businesses include mining and producing of lithium concentrate and manufacturing of lithium compounds. We have established mineral operations, manufacturing plants and subsidiaries in China (Sichuan, Chongqing, Jiangsu) and Australia, allowing the company to serve customers across the globe. 

Infinity Lithium Corporation Limited (ASX:INF.AX) is an Australian listed minerals company and, in partnership with Valoriza Mineria, is seeking to develop the San Jose Lithium Project and produce battery grade lithium hydroxide.  Supply response is needed to satisfy Europe’s burgeoning energy storage needs through feeding the large-scale battery plants currently under construction. The San Jose deposit is a highly advanced, previously mined brownfields development opportunity representing one of Europe’s largest lithium deposits.  Infinity Lithium will mine the hard rock Mica resource and develop processing facilities to provide what would currently be the sole European mine-to-end-product lithium hydroxide operation.

Galan Lithium Limited (ASX:GLN.AX) is an Australian based mineral exploration company established to generate shareholder wealth by identifying, acquiring and/or developing mineral projects. The Company’s projects are located within the South American Lithium Triangle in the Hombre Muerto Basin, one of the most important and prolific salt flats in Argentina and indeed the world. The basin is known to have the lowest impurity levels of any producing Salar in Argentina and has been in production for over 20 years.

21C Metals Inc. (CSE:BULL) (formerly Declan Cobalt) is an independent mineral exploration company based in Vancouver, B.C which is currently pursuing Copper-Cobalt exploration on their projects in Europe.








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New Biotech Companies:
Nuvectra Corporation (NASDAQ: NVTR) is a neurostimulation company committed to helping physicians improve the lives of people with chronic conditions. The Algovita® Spinal Cord Stimulation (SCS) System is our first commercial offering and is CE marked and FDA approved for the treatment of chronic intractable pain of the trunk and/or limbs. Our innovative technology platform also has capabilities under development to support other indications such as sacral neuromodulation (SNM) for the treatment of overactive bladder, and deep brain stimulation (DBS) for the treatment of Parkinson’s Disease

Boston Scientific Corporation (NYSE: BSX) transforms lives through innovative medical solutions that improve the health of patients around the world. As a global medical technology leader for 40 years, we advance science for life by providing a broad range of high performance solutions that address unmet patient needs and reduce the cost of healthcare.

iRhythm Technologies, Inc. (NASDAQ: IRTC) is a leading digital health care company redefining the way cardiac arrhythmias are clinically diagnosed. The company combines wearable biosensor devices worn for up to 14 days and cloud-based data analytics with powerful proprietary algorithms that distill data from millions of heartbeats into clinically actionable information. The company believes improvements in arrhythmia detection and characterization have the potential to change clinical management of patients.

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

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Thursday, February 28, 2019

Can The US Avoid Foreign Energy Dependence? #Lithium Demand a Boon for Chinese and Australian Producers-(TSXV: $SLL.V) (OTCQX: $STLHF)(OTC: $BYDDF) (ASX: $GXY.AX), Tianqi Lithium Corp (SZ:002466)

Can The US Avoid Foreign Energy Dependence? #Lithium Demand a Boon for Chinese and Australian Producers-(TSXV: $SLL.V) (OTCQX: $STLHF)(OTC: $BYDDF) (ASX: $GXY.AX), Tianqi Lithium Corp (SZ:002466)





Point Roberts WA, Delta BC - February 28, 2019 - Investorideas.com, a leading investor news resource covering AI and lithium stocks concludes our two-part series looking at the increased demand for lithium for EV’s and the effect it has on the global market .

The Houston Chronicle recently reported on the possible foreign energy dependence lithium could create for the US as, “Australia and Chile are the largest producers and lithium mines have already increased production, creating a surplus that sent prices of the metal crashing down last year. But the long-term outlook is strong for demand and prices, analysts maintain.”


“The demand for lithium isn’t really in question, it’s just a matter of when that demand really kicks in,” an analyst at Benchmark Mineral Intelligence told Reuters last year. “You just have to look at the number of battery factories that are being built around lithium-ion technology.”

The US is not sitting idly by though as Senator Murkowski discussed in a recent Energy and Minerals Hearing. In her opening remarks she stated, “Over the past several years our committee has sought to call attention to the reliance on foreign nations for our minerals. The administration has taken several important steps but we must compliment their actions with our own legislative actions…”

When speaking to Simon Moores and asking questions for how the US can move to the forefront for battery materials and minerals “We can’t afford to be a bystander when we are looking at the future…so much of this goes back to investment.”


Standard Lithium Ltd. (TSXV: SLL.V) (OTCQX:STLHF) has no plans to remain a bystander. The specialty chemical company is focused on unlocking the value of existing large-scale US-based lithium-brine resources and believes new lithium production can be brought on stream rapidly by minimizing project risks at the selection stage (resource, political, geographic, regulatory and permitting), and by leveraging advances in lithium extraction technologies and processes.

Securing their technology, Standard Lithium just announced they filed a patent application with the U.S. Patent and Trademark Office covering the Company’s novel process for the recovery of Lithium from brine. The patent applications covers technology the Company and its Scientific Advisory Team have developed.

The company  is now  funded for future growth  with news  announced it entered into a funding equity agreement for gross proceeds of $10,500,000 CAD.

Foreign competition is fierce though as BYD Company LTD. (OTC:BYDDFrecently announced plans for a new battery gigafactory to support its ambitious electric vehicle plans in China which will be able to produce 20 GWh of battery cells for its electric vehicles.       
                   
The company is investing 10 billion yuan (~$1.49 billion USD) in the facility located in southwest China’s Chongqing Municipality.

At an output 20 GWh, it would make BYD’s new factory one of the largest battery factories in the world.

BYD also reported preliminary net profit for 2018 that was 31.4 percent lower than a year earlier, pinning the blame on intensifying competition in the world's biggest auto market, for example Tesla’s own Gigafactory 1 in Nevada, which is currently believed to be the largest battery cell factory in the world, has an estimated output of about 35 GWh per year.

Tianqi Lithium Corp. (SZ:002466), one of the world’s top 3 lithium producers, after more than half a year, recently closed its deal to purchase a 23.77% stake in rival Sociedad Quimica y Minera de Chile SA after clearing several regulatory hurdles.
This $4.1 billion deal is seen by some as a risky move as Tianqi, which has around 12 billion yuan ($1.77 billion) in assets, relied on leverage to make the investment.
“The tie-up with SQM is a hard-won deal, and we are looking at the fast development of the lithium industry over the next five to 10 years,” said Wu Wei, the company’s President, in an interview with Caixin (link in Chinese).
The hype for lithium is helping many company stocks rally such as Galaxy Resources Limited (ASX:GXY) who reported their quarterly results for the three month period ending December 31st, 2018. The company reported closing cash and liquid assets of 41.4 million USD and zero debt.
The company also included a market analysis commenting that “Market indicators observed throughout Q4 2018 were illustrative of the robustness of the maturing lithium market. Domestic lithium chemical prices within China plateaued, following several periods of retreat, which many have interpreted as signaling the bottom of the pricing cycle within this region. Key indicators point to a more buoyant market environment throughout 2019 with Chinese domestic prices for lithium stabilizing during the last quarter and the combination of strong demand growth and supply challenges to support a favorable market moving forward.”
US companies like Standard Lithium may have their work cut out for them in 2019 as Australian and Chinese producers also race to meet the demand the EV sector is placing on lithium. There is a new global energy race for lithium, and it’s a race which everyone is hoping to win.

Investor Ideas directory of lithium stocks:  mining stocks directory and cleantech stock directories, relating to batteries. 

About Investorideas.com
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 
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Disclaimer/Disclosure: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure: this article featuring Standard Lithium is a paid for service on Investorideas.com – third party. Learn more about costs and our  services https://www.investorideas.com/News-Upload/
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Wednesday, February 27, 2019

#Lithium Stock News - QMC (TSX.V: $QMC.V) (FSE: 3LQ) (OTC: $QMCQF) VISUALIZES SPODUMENE AS DIAMOND DRILLING CONTINUES AT THE IRGON LITHIUM MINE PROJECT



#Lithium Stock News - QMC (TSX.V: $QMC.V) (FSE: 3LQ) (OTC: $QMCQF) VISUALIZES SPODUMENE AS DIAMOND DRILLING CONTINUES AT THE IRGON LITHIUM MINE PROJECT

Vancouver, British Columbia, February 27, 2019 (Investorideas.com Newswire) QMC Quantum Minerals Corp. (TSX.V: QMC) (FSE: 3LQ) (OTC PINK: QMCQF) (“QMC” or "the Company") is pleased to announce that with diamond drill and support crew on-site, the first phase of holes has been completed at the Company’s 100%-owned Irgon Lithium 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.

Visual spodumene was reported by QMC on-site personnel and the core has been moved to a secure, off-site location for logging, cutting and sampling.


QMC is currently in the process of completing Phase One of a two-phase drill program designed to confirm and subsequently expand the historic resource published for the Irgon Property (1.2 million tons grading 1.51% Li2O as previously calculated for Lithium Corporation of Canada (“LCOC”)).  Phase One of the QMC program consists of 1500m of NQ drilling in 12 holes.  The first eight holes will confirm grades and widths documented by the historic 1953/54 drill results.  These data, obtained in the 1950s, were derived from sampling of pegmatite intersections in the core from 25 historic drill holes and from underground channel samples that were taken across the dike from within the currently inaccessible, water-filled workings.  The remaining four proposed holes will chase the Irgon Dike westward from the area hosting the original resource to test the spodumene-bearing pegmatites identified as the Western Extension of the Irgon Dike, thus confirming the westward continuity of the Irgon Dike.

With the results of the Phase One drilling in hand, QMC has instructed its consultant, SGS Canada, to produce an updated NI 43-101 compliant inferred resource for the central, previously developed, section of the Irgon Dike.  In addition, both QMC and SGS expect the drill testing the newly identified, westward extension of the Irgon Dike to add additional inferred tonnage to the historic resource published by LCOC for the property.  

As with the previous Irgon channel sampling program, QMC will request analysis for 56 elements using a sodium peroxide fusion followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES / ICP-MS).

The Phase Two program, designed to test additional targets on the property, will follow.

HISTORICAL RESOURCE
Between 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 company nor the QP has any reason to contest the document’s relevance and reliability. The detailed channel sampling and a subsequent drill program will be required to update this historical resource to current NI 43-101 standards.
Historic metallurgical tests reported an 87% recovery from which a concentrate averaging 5.9% Li2O was obtained.

During this historical 1950s era work program, a complete mining plant was installed on-site, designed to process 500 tons of ore per day, and a three-compartment shaft was sunk to a depth of 74 meters. On the 61-metre level, lateral development was extended off the shaft for a total of 366 meters of drifting, from which seven crosscuts transected the dike. The work was suspended in 1957 awaiting a more favourable market for lithium oxides. During this time, the mine buildings were removed.

The mineral reserve cited above is presented as a historical estimate and uses historical terminology which does not conform to current NI43-101 standards. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Although the historical estimates are believed to be based on reasonable assumptions, they were calculated prior to the implementation of National Instrument 43-101. These historical estimates do not meet current standards as defined under sections 1.2 and 1.3 of NI 43-101; consequently, the issuer is not treating the historical estimate as current mineral resources or mineral reserves.

Qualified Person and NI 43-101 Disclosure
The technical content of this news release has been reviewed and approved by Bruce E. Goad, P. Geo., who is a qualified person as defined by National Instrument 43-101.

About the Company
QMC is a British Columbia-based company engaged in the business of acquisition, exploration and development of resource properties. Its objective is to locate and develop economic precious, base, rare metal and resource properties of merit. The Company’s properties include the Irgon Lithium Mine project and two VMS properties, the Rocky Lake and Rocky-Namew, known collectively as the Namew Lake District Project. Currently, all of the company’s properties are located in Manitoba. For more information, visit the company’s website at www.QMCMinerals.com

On behalf of the Board of Directors of QMC QUANTUM MINERALS CORP.
“Balraj Mann”
Balraj Mann
President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact:
Suite 440 - 755 Burrard Street,
Vancouver, British Columbia V6Z 1X6
Tel: (604) 601-2018 

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