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qmc quantum minerals corp (QMC) Snapshot

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03/17/14 - C$0.13
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Market Cap
516.1K
Average Volume 10 Days
10.4K
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Shares Outstanding
25.8M
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Current Stock Chart for QMC QUANTUM MINERALS CORP (QMC)

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qmc quantum minerals corp (QMC) Details

QMC Quantum Minerals Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for copper, zinc, gold, and precious and base metals, as well as rare earth elements. It holds interests in mineral exploration properties located in Manitoba, Canada, including the Rocky Lake Property, the Rocky-Namew Property, the Namew Lake Property, the Carrot River Property, and the Cinder Lake Property; and the Mugaha Property in MacKenzie, British Columbia. The company was incorporated in 2003 and is headquartered in Vancouver, Canada.

Founded in 2003

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qmc quantum minerals corp (QMC) Key Developments

QMC Quantum Minerals Corp. Receives Drill Permits for Namew Lake VMS Project

QMC Quantum Minerals Corp. announced it has received the necessary permits for the upcoming drill program on the Company's 100% owned Namew Lake Volcanogenic Massive Sulphide 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 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.

QMC Quantum Minerals Corp Announces Plans for Upcoming Drill Program for Flin Flon District, Namew Lake Vms Project

QMC Quantum Minerals Corp. announced the 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 larger 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. 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.

QMC Quantum Minerals Corp Provides Update on Rocky Lake VMS Project

QMC Quantum Minerals Corp. provided update on Rocky Lake VMS Project. The updated review of the recent work conducted in 2010-2012 and the recommendation to further investigate the potential of the 55,352 hectare Rocky Lake VMS Project as an economic mineral resource. Drill holes RL 12-5 and RL 11-2 have been successful in the discovery of some of the most significant mineralization on the Rocky Lake property. One intersection of approximately 10 meters of semi-massive sulphide within RL 12-5, which is 150 meters along strike from drill hole RL 11-3 and 300 meters from RL 11-2, ends within a significant intersection of massive sulphides. To further investigate the Rocky Lake VMS Project as an economic mineral resource, a two phase work program has been recommended by Garth Kirkham for 2013-2014 including 2,500 meters of diamond drilling in phase one and 3,500 meters in phase two; a program with specific focus on the high grade massive sulphide bed on the Rocky Lake property in addition to drilling on select targets from the 41 geophysics targets identified.

 

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