|By Marketwired .||
|December 3, 2013 08:31 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/03/13 -- 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
CEO, President & Director
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.
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