Quebec Precious Metals Reports Consistent +20 m Thick Spodumene-Bearing Pegmatite Up to 150 m Deep from Its Maiden Drilling Program on its 100%-owned Lithium Ninaaskumuwin Discovery, James Bay, Quebec

Original announcement by tmx on Nov 26, 2024

Bullish

Company: Quebec Precious Metals Corporation
Ticker: QPM
Exchange: TSX
Region: Quebec
Primary commodity: Lithium
Secondary commodities: None reported
Document categories: Drill results, Other
Extracted: 2026-08-24 08:13:24 UTC

Minestarters Atlas analysis

Summary

Quebec Precious Metals has completed its maiden drilling program at the Ninaaskumuwin lithium discovery in Quebec, intersecting consistent pegmatite widths exceeding 20 metres. The program visually identified spodumene concentrations between 3% and 50%, confirming vertical continuity to 150m depth.

Reasoning: Maiden drilling program successfully intersected consistent +20m thick spodumene-bearing pegmatite, demonstrating significant discovery potential, though formal assay values are still pending.

Positive factors

maiden drilling program
consistent +20 m thick intercepts
visual spodumene 3-50%
vertical continuity up to 150 m

Negative factors

assay results pending

Facts used in scoring: 8

Classification and evidence

QA/QC Disclosedpositive

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”

Maiden Resourceneutral · Story-specific tag

First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: This is the first drill program for the Ninaaskumuwin discovery.

Evidence · text

“recently completed the maiden drilling campaign”

Extracted facts

Stored fact records: 8. Some facts used in scoring do not have a stored record.

Drill Results (8)

EE24-001Ninaaskumuwin · lithiumIntercept: 22.9 mView all details

Link to this fact

Identity

Hole ID: EE24-001
Project: Ninaaskumuwin
Commodity: lithium
Region: canada_qc
Reported Region: Quebec
Ticker: QPM

Geometry

Intercept: 22.9 m
From: 127.95 m
To: 150.85 m
Hole Depth: 165.11 m

Classification

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

Location

Easting: 342766.2
Northing: 5827997
Azimuth: 140 °
Dip: -60 °
Loc. Confidence: high

QA/QC

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

Review

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

Dates

Event date: 2024-11-26T00:00:00.000Z

Reasoning: Intercepts consistent with discovery highlights, but grade is visually estimated and assays are pending.

Positive factors

consistent width

Negative factors

assay pending

Evidence · table

“22.90”

Context: 127.95

EE24-002Ninaaskumuwin · lithiumIntercept: 22.48 mView all details

Link to this fact

Identity

Hole ID: EE24-002
Project: Ninaaskumuwin
Commodity: lithium
Region: canada_qc
Reported Region: Quebec
Ticker: QPM

Geometry

Intercept: 22.48 m
From: 72.8 m
To: 95.28 m
Hole Depth: 125.85 m

Classification

Program: exploration
Sample Type: drill
Group ID: EE24-002:72.8-95.28
Mining Method: unknown

Location

Easting: 342839.3
Northing: 5827977
Azimuth: 140 °
Dip: -55 °
Loc. Confidence: high

QA/QC

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

Review

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

Dates

Event date: 2024-11-26T00:00:00.000Z

Reasoning: Intercepts consistent with discovery highlights, but grade is visually estimated and assays are pending.

Positive factors

consistent width

Negative factors

assay pending

Evidence · table

“22.48”

Context: 72.80

EE24-003Ninaaskumuwin · lithiumIntercept: 32.35 mView all details

Link to this fact

Identity

Hole ID: EE24-003
Project: Ninaaskumuwin
Commodity: lithium
Region: canada_qc
Reported Region: Quebec
Ticker: QPM

Geometry

Intercept: 32.35 m
From: 88.6 m
To: 120.95 m
Hole Depth: 140.92 m

Classification

Program: exploration
Sample Type: drill
Group ID: EE24-003:88.6-120.95
Mining Method: unknown

Location

Easting: 342839.8
Northing: 5827978
Azimuth: 140 °
Dip: -75 °
Loc. Confidence: high

QA/QC

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

Review

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

Dates

Event date: 2024-11-26T00:00:00.000Z

Reasoning: Strong width intercept in maiden program.

Positive factors

thick intercept

Negative factors

assay pending

Evidence · table

“32.35”

Context: 88.60

EE24-004Ninaaskumuwin · lithiumIntercept: 3.93 mView all details

Link to this fact

Identity

Hole ID: EE24-004
Project: Ninaaskumuwin
Commodity: lithium
Region: canada_qc
Reported Region: Quebec
Ticker: QPM

Geometry

Intercept: 3.93 m
From: 100.72 m
To: 104.65 m
Hole Depth: 191.82 m

Classification

Program: exploration
Sample Type: drill
Group ID: EE24-004:100.72-104.65
Mining Method: unknown

Location

Easting: 342974.9
Northing: 5828041
Azimuth: 140 °
Dip: -60 °
Loc. Confidence: high

QA/QC

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

Review

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

Dates

Event date: 2024-11-26T00:00:00.000Z

Reasoning: Narrow intercept compared to main discovery hits.

Negative factors

narrow width

Evidence · table

“3.93”

Context: 100.72

EE24-004Ninaaskumuwin · lithiumIntercept: 3.7 mView all details

Link to this fact

Identity

Hole ID: EE24-004
Project: Ninaaskumuwin
Commodity: lithium
Region: canada_qc
Reported Region: Quebec
Ticker: QPM

Geometry

Intercept: 3.7 m
From: 122 m
To: 125.7 m
Hole Depth: 191.82 m

Classification

Program: exploration
Sample Type: drill
Group ID: EE24-004:122.0-125.7
Mining Method: unknown

Location

Easting: 342974.9
Northing: 5828041
Azimuth: 140 °
Dip: -60 °
Loc. Confidence: high

QA/QC

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

Review

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

Dates

Event date: 2024-11-26T00:00:00.000Z

Reasoning: Narrow intercept.

Negative factors

narrow width

Evidence · table

“3.70”

Context: 122.00

EE24-004Ninaaskumuwin · lithiumIntercept: 3.7 mView all details

Link to this fact

Identity

Hole ID: EE24-004
Project: Ninaaskumuwin
Commodity: lithium
Region: canada_qc
Reported Region: Quebec
Ticker: QPM

Geometry

Intercept: 3.7 m
From: 144.05 m
To: 147.75 m
Hole Depth: 191.82 m

Classification

Program: exploration
Sample Type: drill
Group ID: EE24-004:144.05-147.75
Mining Method: unknown

Location

Easting: 342974.9
Northing: 5828041
Azimuth: 140 °
Dip: -60 °
Loc. Confidence: high

QA/QC

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

Review

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

Dates

Event date: 2024-11-26T00:00:00.000Z

Reasoning: Narrow intercept.

Negative factors

narrow width

Evidence · table

“3.70”

Context: 144.05

EE24-005Ninaaskumuwin · lithiumIntercept: 0.1 mView all details

Link to this fact

Identity

Hole ID: EE24-005
Project: Ninaaskumuwin
Commodity: lithium
Region: canada_qc
Reported Region: Quebec
Ticker: QPM

Geometry

Intercept: 0.1 m
From: 100.82 m
To: 100.92 m
Hole Depth: 201 m

Classification

Program: exploration
Sample Type: drill
Group ID: EE24-005:100.82-100.92
Mining Method: unknown

Location

Easting: 342931.6
Northing: 5828022
Azimuth: 140 °
Dip: -60 °
Loc. Confidence: high

QA/QC

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

Review

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

Dates

Event date: 2024-11-26T00:00:00.000Z

Reasoning: Extremely narrow intercept.

Negative factors

negligible width

Evidence · table

“0.10”

Context: 100.82

EE24-005Ninaaskumuwin · lithiumIntercept: 0.44 mView all details

Link to this fact

Identity

Hole ID: EE24-005
Project: Ninaaskumuwin
Commodity: lithium
Region: canada_qc
Reported Region: Quebec
Ticker: QPM

Geometry

Intercept: 0.44 m
From: 103.37 m
To: 103.81 m
Hole Depth: 201 m

Classification

Program: exploration
Sample Type: drill
Group ID: EE24-005:103.37-103.81
Mining Method: unknown

Location

Easting: 342931.6
Northing: 5828022
Azimuth: 140 °
Dip: -60 °
Loc. Confidence: high

QA/QC

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

Review

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

Dates

Event date: 2024-11-26T00:00:00.000Z

Reasoning: Narrow intercept.

Negative factors

narrow width

Evidence · table

“0.44”

Context: 103.37

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.