Nov 20 2013
QMC Quantum Minerals Corp. is pleased to announce plans for a comprehensive work program including 6,000 metres of diamond drilling and refined geophysics on the Company's 100% owned Namew Lake Volcanogenic Massive Sulphide (VMS) Project, previously referred to as the Rocky Lake VMS Project.
Located within the Flin Flon Mining District in northwestern Manitoba, the 39,236 hectare Namew Lake VMS Project is adjacent to the eastern side of Hudbay Minerals' (HBM-TSX) Namew Lake Mine which produced 2.57 million tonnes of Copper, Nickel, Gold, Silver, Palladium, and Platinum. The Flin Flon mining district (including the Snow Lake deposits) comprises one of the largest VMS districts in the world with more than 118.7 million tonnes of sulphide ore mined from 25 deposits by the mid 1990's, with an additional 64.3 million tonnes of mineralized rock defined in 43 sub-economic deposits.
The Company's Rocky Lake VMS property was first discovered by Hudbay through an airborne survey that identified a 5 kilometre long conductor, followed up with ground EM surveys that verified a 1,500 metre conductive corridor. A subsequent airborne survey commissioned by QMC identified a total of 41 conductors using the VTEM+ system. The successful 9-hole drill campaign during the 2012 exploration season resulted in visible chalcopyrite at the end of hole RL11-2 for confirmation 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.
For the 2013-2014 exploration season, the Company plans to complete a two phase work program to further investigate the Namew Lake VMS Project as an economic mineral resource, recommended by Garth Kirkham (P.Geoph. P.Geo.) in the 43-101 report completed and filed in May 2013. This extensive exploration program includes 2,500 metres of diamond drilling in phase one and 3,500 metres in phase two; a program with specific focus on the potential high grade massive sulphide formation in addition to drilling on select conductors from the 41 geophysics targets and will include the detailing and refining of current drill targets using the TITAN24 system.
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Source: http://www.qmcminerals.com