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Q PRECIOUS REVIEWS HISTORICAL ROCK SAMPLES AT VERSANT

  • Writer: Mr. Richard Penn
    Mr. Richard Penn
  • Apr 14
  • 3 min read

Mr. Richard Penn reports


>3% TOTAL REE FROM ROCKS ON THE VERSANT PROPERTY LAC JEROME REGION, SOUTHERN QUEBEC


Q Precious & Battery Metals Corp. is now progressing with data compilation and project planning for the company's Versant rare earth element (REE) project, located in Quebec.


The Versant property is located in the Lac Jerome municipality of Southern Quebec. This 805-hectare property was staked by Q Precious to cover a trend of elevated rare earth elements returned from historical rock sampling. The previous work is summarized on Quebec's Systeme d'information geominiere (SIGEOM) from assessment reports of work undertaken on the property. SIGEOM reports rock sampling results that include an estimate of total combined REE of over 100,000 parts per million (10 per cent) as part of polymetallic mineralization within evolved pegmatitic host rocks. Mineralization is associated with magnetite nodules and tabular minerals within the pegmatite.


The Sigeom summary for Versant refers to work reports GM63327 and GM63328, which document airborne geophysical surveys and rock sampling completed on the property. Airborne geophysics was completed in 2007 by Azimut Exploration Inc. of Quebec, and included magnetic, gamma-ray spectrometry and very-low-frequency surveys. A trend of high thorium concentration crosses the claims for approximately four kilometres from northwest to southeast. Thorium can be an indicator of rare earth elements because they often co-occur in similar geological settings and are influenced by similar processes.


Azimut, with Les Ressources D'Arianne Inc., also completed rock sampling in 2007. At that time, it mapped pegmatitic granites that were of interest for REE mineralization. Twenty rock samples were taken from an area of primary interest within the claim group. The samples were analyzed for multiple elements, including a suite of REEs. A table of sample results is provided herein (from report GM63327). The reader is warned that none of the historically reported results have been verified by the company and are not to be considered current.


The historical rock sampling indicates strong potential for significant REEs. In particular, samples 263814, 263815, 263819 and 263821 contained very elevated values from most or all REEs listed. The analysis included 14 of the 17 REEs. The results did not provide assay for overlimit values that were returned for some elements (greater than 1,000 or greater than 10,000 ppm). Estimates of combined REE, using the values as reported (without benefit of overlimit assay), include 3.4 per cent total REE from sample 263819 and 3.3 per cent total REE from sample 263821. For reference, these values compare favourably to other Quebec REE projects which report approximately 1 per cent to 2 per cent total rare earth oxides (TREO), including the Ashram rare earth flourspar project and the Montviel project (both carbonatite hosted). The Kwyjibo deposit, which is located 120 kilometres northeast of Sept-Iles, closer to the Versant project, has been reported to contain 6.92 million tons of ore with an average grade of 2.72 per cent TREO, where mineralization is in part observed in granoblastic metasomatic rock and altered leucogranite.


The Q Precious geologic team will continue to compile all of the information available for the Versant project for future exploration planning. The company is expecting to conduct a reconnaissance rock sampling program this summer in order to verify the historical rock sample results, and prospect the area to expand upon the REE area of mineralization.

President Richard Penn stated: "The company is very pleased to have acquired the Versant REE project to include in their portfolio of Quebec-based projects targeting critical metals. Initial indications are that the Versant project has very good potential for REE based upon the historic work results."


Q Precious & Battery Metals exploration programs undertaken in Quebec are supervised by Dr. Mathieu Piche, OGQ, with an office located north of Val d'Or. He is also a Q Precious director. The company has a 100-per-cent interest in mineral claims within Quebec and Nova Scotia, with exploration targeting critical and precious metals as well as natural hydrogen.


Perry Grunenberg, PGeo, a qualified person as that term is defined under National Instrument 43-101, has reviewed and approved the technical information in this news release.


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