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Jonathon Naylor Editor The head of a junior miner is touting 'great potential' for mineral claims near the long-defunct Namew Lake mine. Balraj Mann, president and CEO of Vancouver-based Quantum Minerals Corp., made the statement in a recent letter to shareholders. He was referring to Quantum's Rocky Lake and Namew Lake projects, which total more than 40,000 hectares. With both properties in proximity to established mines, and in a proven volcanogenic massive sulphide (VMS) district, 'we are very excited to further explore each property in the months ahead,' Mann wrote. Exploration results, Mann said, have the company anticipating 'great potential' as work continues. Since Quantum's $2.5-million initial public offering on the TSX Venture Exchange in February of 2011, the company has undertaken a range of activity on its properties, Mann said. The Rocky Lake Project consists of 5,000 hectares of mineral exploration licenses in a prospective area for nickel, copper, zinc and gold. The project is located 65 km outside Flin Flon, on the Manitoba side, and 11 km from the Namew Lake nickel-copper mine, which closed nearly two decades ago. Licenses The Namew Lake Project consists of 24,691 hectares of mineral exploration licenses also in proximity to the defunct mine. Here there 'are a number of anomalies and magnetic conductors which represent an excellent possibility for mineralization,' Quantum says on its website. In his letter, Mann commended Quantum employees 'whose skill and patience has helped form this company into a junior of high value.' The former Namew Lake nickel-copper mine closed in Oct. 1993, with decommissioning completed in Jan. 1994. The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of information supplied by Quantum.
