# Quebec Precious Metals Intersects 22.9 m of Spodumene-Bearing Pegmatite in the First Drillhole of its Maiden Drilling Program on its 100 % Owned High-Grade Lithium Ninaaskumuwin Discovery, James Bay, Quebec

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/quebec-precious-metals-intersects-22-9-m-of-spodumene-bearing-pegmatite-in-the-f--2a71e0a2-8c09-4bba-bef3-93b96fe725cc

Original source: https://money.tmx.com/en/quote/QPM/news/6757080258690295/quebec-precious-metals-intersects-22-9-m-of-spodumene-bearing-pegmatite-in-the-f

Publisher: tmx

Original announcement: 2024-10-30T11:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Quebec Precious Metals Corporation

- Ticker: QPM

- Exchange: TSX

- Region: Quebec

- Primary commodity: Lithium

- Secondary commodities: None reported

- Document categories: Drill results, Other

- Extracted: 2026-09-16 19:18:48 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Quebec Precious Metals has reported encouraging visual results from the first drillhole \(EE24-001\) of its maiden lithium drilling program at the Ninaaskumuwin project in Quebec. The hole intersected 22.9 metres of spodumene-bearing pegmatite with visually estimated spodumene content ranging from 3% to 50%.

Reasoning: The first hole of a maiden lithium program intersected a wide \(22.9m\) spodumene-bearing pegmatite, providing strong visual evidence of mineralization, though formal assay grades are still pending.

- Positive factor: First drillhole of maiden program intersects significant width of spodumene-bearing pegmatite

- Positive factor: Visual spodumene content is high \(up to 50%\)

- Positive factor: QA/QC protocols explicitly mentioned

- Negative factor: Results are currently visual/preliminary and pending formal assays

Facts used in scoring: 1

## Classification and evidence

**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: Release mentions regular insertion of CRM standards, duplicates, and blanks.

Evidence · text

> The QAQC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: Project is located near the Galaxy project \(Rio Tinto/Arcadium Lithium\) and Newmont's Éléonore gold mine.

Evidence · text

> It is also about 50 km north of the Galaxy project

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Drill Results (1)

### EE24-001

[Link to this fact](https://atlas-extractions.minestarters.com/news/quebec-precious-metals-intersects-22-9-m-of-spodumene-bearing-pegmatite-in-the-f--2a71e0a2-8c09-4bba-bef3-93b96fe725cc#fact-drill-facts-0)

Ninaaskumuwin · lithium

#### Identity

- Hole ID: EE24-001
- Project: Ninaaskumuwin
- Commodity: lithium
- Region: canada\_qc
- Reported Region: canada\_qc
- Ticker: QPM

#### Geometry

- Intercept: 22.9 m
- From: 127.95 m
- To: 150.85 m
- Intercept Depth: 127.95 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: EE24-001:127.95-150.85

#### Location

- Dip: -60 °

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-10-30T00:00:00.000Z

Reasoning: Significant width of pegmatite intersected in the first hole of the program, but grade is based on visual estimation.

- Positive factor: Significant width of 22.9m intersected

- Negative factor: Results are visual only; assay grades not yet reported for this specific interval

Evidence · text

> In the first hole of the campaign \(EE24-001\), an interval of 22.9 m \(from 127.95 to 150.85 m from surface, drilled at an angle of -60 degrees\) spodumene-bearing pegmatite was intersected

#### Tags used in scoring

**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: qaqc\_disclosed is true

**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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Quebec Precious Metals Intersects 22.9 m of Spodumene-Bearing Pegmatite in the First Drillhole of its Maiden Drilling Pr"

## 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.