# QMC Initiates 1500 Metre Drilling Program at Irgon Lithium Mine Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/qmc-initiates-1500-metre-drilling-program-at-irgon-lithium-mine-project--9f7b9503-034b-48ad-af7a-1b5d5ac8342f Original source: https://money.tmx.com/en/quote/QMC/news/6858827570417986/qmc-initiates-1500-metre-drilling-program-at-irgon-lithium-mine-project Publisher: tmx Original announcement: 2019-02-21T19:27:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Quantum Minerals Corp. - Ticker: QMC - Exchange: TSX - Region: Manitoba - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Other, Drill results, Resource update - Extracted: 2026-09-16 20:02:55 UTC Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas summary QMC has commenced a 1500-metre, 12-hole Phase One drilling program at the Irgon Lithium Mine Project in Manitoba. The program aims to expand and confirm historical lithium mineralization to establish a NI 43-101 compliant inferred resource. Reasoning: The company has initiated a targeted 1500m drilling program to upgrade a historical lithium resource to modern NI 43-101 standards. While no new assay results are provided, the commencement of the program is a material exploration milestone. - Positive factor: Commencement of 1500m Phase One drilling program - Positive factor: Objective to convert historical resource to NI 43-101 compliant inferred resource - Positive factor: Presence of historical metallurgical data and infrastructure context - Negative factor: Current drilling results not yet reported \(program just commenced\) - Negative factor: Reliance on historical 1950s data for resource context Facts used in scoring: 2 ## Classification and evidence **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The program is designed to confirm and expand pegmatite intersections and grades from historic data. Evidence · text > designed by the company's consultant, SGS Canada, to confirm and expand pegmatite intersections and lithium grades received during the historic 1953/54 drilling program **Historical Estimate Only** Polarity: negative Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling. Why it applies: The document discusses a 1953/54 historical resource estimate that does not comply with current NI 43-101 standards. Evidence · text > This historical estimate is believed to be based on reasonable assumptions, and neither the company nor the QP has any reason to contest the document's relevance and reliability. **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The technical content was reviewed and approved by a named Qualified Person \(Bruce E. Goad, P. Geo.\). Evidence · text > The technical content of this news release has been reviewed and approved by Bruce E. Goad, P. Geo., who is a qualified person as defined by National Instrument 43-101. ## Extracted facts Stored fact records: 1. Some facts used in scoring do not have a stored record. ## Resource Estimates (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/qmc-initiates-1500-metre-drilling-program-at-irgon-lithium-mine-project--9f7b9503-034b-48ad-af7a-1b5d5ac8342f#fact-resource-facts-1) Irgon Lithium Mine Project · lithium Historical result Needs review: historical\_restatement #### Identity - Project: Irgon Lithium Mine Project - Commodity: lithium - Region: canada\_mb - Reported Region: Manitoba - Ticker: QMC #### Resource scope - Estimate type: resource - Resource group id: resource:8f9429cea14c703ab6cc #### Resource Data - Tonnes: 1200000 - Grade: 1.51 - Grade Unit: % Li2O #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 1955-08-04T00:00:00.000Z #### Dates - Event date: 2019-02-21T00:00:00.000Z Reasoning: This is a restatement of a 1950s historical resource for context. - Negative factor: Historical data predates NI 43-101 standards Evidence · text > reported a historical resource estimate of 1.2 million tons grading 1.51% Li20 over a strike length of 365 meters #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 63.6 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.