NetworkNewsBreaks – QMC Quantum Minerals Corp. (
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Posted On: 05/31/2018 5:28:34 PM
NetworkNewsBreaks – QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) (FSE: 3LQ) Aims to Profit from Untapped Resources at Irgon Mine Project
British Columbia-based resource company QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) (FSE: 3LQ) aims to exploit the untapped resources of the Irgon Mine, a historical lithium mine the company is positioned to explore. An article discussing the company reads: “QMC’s spodumene-bearing Irgon Dike was previously explored and developed underground by a company intent on mining lithium during the mid-20th century, but that project was abandoned because of the low market price for the metal at the time. The company, The Lithium Corporation of Canada Ltd. (“LCOC”), reported a resource estimate of 1.2 million tons of lithium oxide-bearing pegmatite that graded at 1.51 percent Li2O over a length of 365 meters (1,200 feet) and to a depth of 213 meters (700 feet). Initial historic testing of this ore at that time also reported an 87 percent recovery, from which a concentrate averaging 5.9 percent lithium oxide (Li2O) was extracted. … The historical reporting of this resource estimate was not up to modern National Instrument NI 43-101 reporting standards, so QMC’s first priority is to deliver a current NI 43-101 compliant estimate on the viability of the claims.”
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British Columbia-based resource company QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) (FSE: 3LQ) aims to exploit the untapped resources of the Irgon Mine, a historical lithium mine the company is positioned to explore. An article discussing the company reads: “QMC’s spodumene-bearing Irgon Dike was previously explored and developed underground by a company intent on mining lithium during the mid-20th century, but that project was abandoned because of the low market price for the metal at the time. The company, The Lithium Corporation of Canada Ltd. (“LCOC”), reported a resource estimate of 1.2 million tons of lithium oxide-bearing pegmatite that graded at 1.51 percent Li2O over a length of 365 meters (1,200 feet) and to a depth of 213 meters (700 feet). Initial historic testing of this ore at that time also reported an 87 percent recovery, from which a concentrate averaging 5.9 percent lithium oxide (Li2O) was extracted. … The historical reporting of this resource estimate was not up to modern National Instrument NI 43-101 reporting standards, so QMC’s first priority is to deliver a current NI 43-101 compliant estimate on the viability of the claims.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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