QMC Quantum Mineral’s Rocky Lake and Namew Lake properties are situated in one of the most productive mining regions in Canada with centralized and well developed mining infrastructure in place. The project area is an advanced-stage copper, gold, zinc and cobalt exploration property located in the world-class Flin Flon/Snow Lake Volcanic Massive Sulphide ("VMS") mining district in Northwestern Manitoba. The deposit is a remobilized portion of a presumably larger “primary” VMS deposit. The old Namew Lake mine, 11 kilometers away, produced 2.57 million tonnes of copper, nickel, gold, silver, palladium, and platinum over five years.
- The Namew Lake Property is very well located. It is approximately 50 kilometers northwest of the town of The Pas and 65 kilometers south of the mining center and former smelter at Flin Flon, Manitoba. Access is off of Highway 10.
- QMC has rich historical data on the Namew site. In 1984, Hudson Bay Minerals and Inco conducted airborne surveys, ground geophysics, and drilling to identify potential nickel and copper deposits. Additional surveys from 1987 to 1991 yielded additional confirmation of potential copper mineralization in the Rocky Lake area.
- At our Rocky Lake Project, drill programs found significant conductors—rock with enough mineral content to carry electricity. Assays from the drill holes showed gold at levels from 0.5 to 3.5 ppb, copper at 98 to 491 ppm, 10% to 32% iron, and zinc in some drill holes ranging up to 0.44%.
- Exploratory drilling continued at Namew through 2013. At current prices, QMC will concentrate on bringing the Irgon Property into production first, but Namew remains a massive resource with strong future potential for us.
Rocky Lake Project
- 100% owned, 3,190 hectares
- Located in the world-class Flin Flon/Snow Lake VMS mining district of north western Manitoba, just 11 km SW of Namew Lake mine that produced 2.57 million tonnes of copper, nickel, gold, silver, palladium, and platinum
- Excellent access and mining infrastructure in place
- Previous work performed in the area by Hudson Bay Minerals (HBM) and Inco; airborne surveys, ground geophysics, and drilling lead to discovery of Namew Lake nickel and copper deposit
- HBM drilled 10 holes totaling 2,292 meters over a 5 km EM conductor with all holes intersecting copper mineralization
- Crone Geophysics completed a 23 km Pulse Time Domain Electromagnetic (PEM) survey for QMC that delineated a strong 600 m long conductor anomaly previously unidentified by HBM, suggesting that the conductor was missed by the drillings
- Drilling by QMC completed in April 2012 found significant conductors—rock with enough mineral content to carry electricity. Assays from the drill holes showed gold at levels from 0.5 to 3.5 ppb, copper at 98 to 491 ppm, 10% to 32% iron, and zinc in some drill holes ranging up to 0.44%
- Drilling (2012) intersected top zone of significant intersection of massive sulphide. Drill hole RL 11-2 returned 0.3 metres (1 ft) of 15.8 ppb gold, 2,594 ppm copper and 300 ppm zinc
- Drill RL 12-5 intersected a 10m (33 ft) thick semi-massive sulphide section with grades of 9.61 ppb gold, 4,617 ppm copper and 198 ppm zinc
The figure below-left shows reinterpretation of the conductor discovered by HBM, including the original drill targets.
- RES-122 yielded a 10.3 m grading at 0.38% Cu that includes a 4.3 m length grading 0.67% Cu and high-grade sections up to 3.0% Cu across 0.3 m
- Drillings at RL11-1, RL11-2, RL11-3, and RL12-5 have yielded outstanding results:
- RL11-1 0.60 m length grading at 0.90% Cu
- RL11-2 0.30 m length grading at 0.26% Cu
- RL11-3 0.45 m length grading at 0.77% Cu
- RL12-5 9.00 m length grading at 0.65% Cu
- 2012 drilling program confirms presence of copper bearing VMS with a length of 1,500m and minimum depth of 200m
- Drillings confirm that HBM had missed the deep-seated conductor
- 100% owned, 19,352 hectares
- Potential host to several VMS bodies; multiple anomalies and conductors to be tested
- Licenses adjoining the Rocky Lake property
- Excellent access and mining infrastructure in place with proximity to currently producing 777 mine
- VTEM survey identified 41 new targets
- Drilling completed April 2012 confirmed massive sulphides on 3 VTEM targets, all with copper mineralization between 100 and 500 ppm and iron sulphides up to 30%
- Zinc mineralization of up to 0.44% confirmed in RL12-9
- A number of coincident Geotech airborne VTEM conductors and magnetic anomalies identified - potentially representing VMS base metal mineralization similar to Rocky Lake
- Geotech’s VTEM survey located discrete conductive target anomalies which indicate hidden volcanogenic massive sulphide mineralized bodies at depth