QMC Reports Historic Li2O Assays From Drill Program on the Irgon Lithium Mine Property

World News: . []

VANCOUVER, British Columbia, April 16, 2018 (GLOBE NEWSWIRE) -- (TSX.V:QMC) (FSE:3LQ) (OTC PINK:QMCQF) (“” or "the Company") is pleased to disseminate the historical drilling results reported (Manitoba AR #94932) by the Lithium Corporation of Canada (“LCOC”). These historical assays were obtained during LCOC’s 1953/54 drilling program on the Irgon Dike.  The Irgon Dike is located at the company’s 100% owned Irgon Lithium Mine Project, within the prolific Cat Lake-Winnipeg River Pegmatite Field of S.E. Manitoba, which also hosts the nearby TANCO rare-element pegmatite.

LCOC collared 25 historic drill holes on the Irgon Dike.  The drill hole projections can be viewed in the 3-D model released by QMC on March 28, 2018, which illustrates clearly that, to date, exploration and underground development have been only undertaken on the upper and central portions of the dike, leaving significant potential to quickly increase tonnage as the Irgon Dike is open both along strike and to depth. The 2017 channel sample locations and surface exposure of the dike are also indicated on the model.

These data from the historic drill intersections of the Irgon Dike compare favourably to the 2017 QMC surface channel samples released in the company’s news release of March 05, 2018.  These results are documented in the LCOC’s assessment report (Manitoba AR #94932) and these historical data are reproduced below as Table 1.

The 3-D model will be expanded as results from ongoing and future exploration programs on the property are received by the Company.  This 3-D model can be viewed by following the link to the company’s website ().

The upcoming drilling program is expected to confirm extensions to the strike length of the Irgon Dike and test mineralization to depth below the current level of historical drilling within the dike; both of which are expected to rapidly increase the resource tonnage above the currently reported historical tonnage of 1.2 million tons.  Data received from the proposed drill program will be used in preparation of a NI-43-101 report.

During this historical 1950-era work program, a complete mining plant was installed onsite, designed to process 500 tons of ore per day; in addition, 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 six crosscuts transected the dike. The work was suspended in 1957, awaiting a more favourable market for lithium oxides and the mine buildings were removed and the shaft sealed in 1963.

 

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Globe Newswire: 13:45 GMT Monday 16th April 2018

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