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QUANTEC HEAD OFFICE

146 Sparks Avenue
Toronto, Ontario M2H 2S4
Canada
Tel: +1-416-306-1941
Fax: +1-416-306-1949

Sales enquiries:
Tel: +1-416-306-1941 ext 235

Human Resources:
resume@quantecgeoscience.com

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SIERRA METALS CONFIRMS PORPHYRY MINERALIZATION AT ITS YAURICOCHA MINE IN PERU (with TITAN)

SIERRA METALS CONFIRMS PORPHYRY MINERALIZATION AT ITS YAURICOCHA MINE IN PERU, POSITIVE RESULTS INCLUDE 22 METERS OF 0.46% COPPER AND 134 PPM MOLYBDENUM AND 10.73 PPM COBALT
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Drill hole highlights include: drilled from 720 level Klepetko tunnel to 1394.60m in depth

 

Toronto, ON – October 1, 2018 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) today confirms the discovery of a new style of mineralization (copper – molybdenum porphyry). Today’s results are from testing of the geophysical anomalies, in the quartz monzonite intrusive, in the eastern part of the mineralized area. This area is known as the Central Mine which is located between the Cuye and Esperanza zones. The discovery comes as part of an ongoing drilling program to test priority geophysical anomalies at the Yauricocha Mine, located 150 kilometers east-southeast of Lima in the Yauricocha Mining District (Cordillera Occidental), Peru.
Prior evidence of copper-molybdenum porphyry mineralization had been observed on surface within the monzonite intrusive and had previously been sampled by Rio Tinto Zinc. Subsequently, drill core was sampled at 10-meter intervals over the entire hole length and the Company obtained 122 samples. The hole was drilled from the Klepetko Tunnel located on the 720 level to a depth of 1,394.6 meters. The samples indicated an average of >0.1% Copper.
A recently completed TITAN 24 Geophysical Study identified more than 100 anomalies at Yauricocha and a program to test this first geophysical anomaly was designed. Hole (E-PORF 10-18-01) was drilled from the Klepetko Tunnel to test the priority anomaly located in the monzonite intrusive as this zone had high conductivity within the Intrusive. A copper-molybdenum mineralized porphyry was discovered.
Results to date show mineralized sectors with notable grades of copper and molybdenum (see table 1) and this discovery confirms the existence of a new style of mineralization at Yauricocha. The Company will continue with a drilling program which will allow for a better understanding of the distribution of mineralization.
Alonso Lujan, Vice President of Exploration stated: “We are excited as these drilling results demonstrate the possibility to define a copper – molybdenum porphyry deposit with significant dimensions. The TITAN 24 anomaly areas have shown an excellent relationship between conductivity, chargeability and the orebodies. We have several higher-grade intercepts between 798 and 980 meters and now the objective of our follow-up drilling programs is to define the geometry of the higher-grade core of the porphyry.”
He added, “the discovery and location of the porphyry serves as an important milestone at Yauricocha as it helps us to better understand the magnitude of the district’s mineralization. It also helps us to better relate the recent discoveries of the skarn and breccia orebodies to the location of the porphyry. Breccias and skarn related to porphyry orebodies represent important exploration targets for the Company.”
Igor Gonzales, President and CEO of Sierra Metals commented: “Brownfield exploration continues to be a key part of Sierra Metals’ growth plan. Today’s announcement of a porphyry discovery at Yauricocha supports further growth and development at the Yauricocha Mine and subsequently supports the Company’s overall growth plans in Peru.”

 

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Quantec to attend AME in Vancouver

Find out how leading deep imaging technology is helping explorers make discoveries and effectively target the subsurface with better drilling

Join Ben St-Onge, Quantec business development and Rob Gordon at booth #427 (Jan 27-31)

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Quantec at the PDAC

Please visit us at the PDAC , March 3 – 6, 2019

Booth 1323

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 Download as PDF

 

Galway Metals Drills 1.2% Copper Over 7.1m at Newiska, Quebec; New TITAN Targets and Awards Incentive Stock Options

Released: November 5, 2018

(Toronto, Ontario, November 5, 2018) – Galway Metals Inc. (TSX-V: GWM) (the “Company” or “Galway”) is pleased to report drill results at the Newiska horizon on the Company’s 20,915 hectare, 100%-owned, former producing Estrades Project in the northern Abitibi of western Quebec, Canada. The Newiska prospect is located 8,000m southeast of the former producing Estrades polymetallic deposit (Figure 1 and Figure 2). 8,200m to the west and 2.2 km south of the Estrades deposit, another strong TITAN geophysical conductor that has a remarkably similar signature to the main Estrades deposit was observed.

USA

Quantec Geoscience USA Inc.
500 North Rainbow Blvd., Suite 300,
Las Vegas, NV 89107

USA

rgordon@quantecgeoscience.com

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Galan preps for much anticipated geophysical work AUGUST 20, 2018

The recently renamed Galan Lithium (ASX-GLN) – formerly Dempsey Minerals – is preparing to commence its much anticipated geophysical surveys at the Salar de Hombre Muerto Project, Argentina.

The geophysical surveys will be closely followed after its initial survey work delineated shallow, conductive anomalies associated with lithium saturated brine.

The previous survey also presented significant mineralisation upside, with the brine appearing to extend laterally to the east and west of the target channel.

Depths to brine were relatively shallow and ranged from approximately 150m to over 400m in thickness across at least ten kilometres through the inspected channel.

The upcoming geophysical work will further increase the company’s understanding of the potential of its brine deposit.

At the time of  the initial discovery Galan chairman, Mr Nathan McMahon, said:

To have identified an area of approximately 10km within our project containing geological units consistent with those saturated with brine, adjacent to significant lithium projects and within one of the most prolific salt flats, gives us great optimism for the testing of our exploration model.”

The Company has engaged well-regarded geophysical contractors Quantec Geoscience Ltd to conduct the exploration work. Quantec have significant experience targeting similar lithium brine mineralisation and conducted the initial surveys at the project.

Exploration is set to commence in approximately 7-10 days.

Lithium Energi Exploration, Inc. is pleased to announce positive results following the completion of its initial geophysical exploration program.

September 6th, 2018, Lexi Announces Final Geophysical Results are Positive on Over 36,000 Hectares of Brine Discoveries at Antofalla Salar
September 6, 2018 – Toronto, Ontario – Lithium Energi Exploration, Inc. (TSXV:LEXI) (“LEXI” or the “Company”) is pleased to announce positive results following the completion of its initial geophysical exploration program.  The geophysical surveys were executed to investigate sub-surface conductive brines under approximately 366 square kilometers of LEXI’s concessions in the northern portion of the Antofalla Salar, located in Catamarca Province, Argentina. The survey results were successful and impressive from a technical standpoint, delineating conductive strata from near surface to as great as 400 meters depth, and the results revealed that conductive strata consistent with unconfined brine aquifers occur extensively under almost all of the surveyed properties.LEXI’s CEO, Steven Howard observed, “These positive survey results are highly motivating. They suggest an abundant, uninterrupted reservoir exists under LEXI’s property holdings in the northern third of the Antofalla basin. Conductivity consistent with brine targets was delineated under the volcanic cover units on the basin’s margins, indicating that basin boundaries are much wider than the visible salt pan on surface.”  Howard added, “These results indicate the viability of further exploration activities for our northern property cluster.  Analyzing the resulting value proposition with potential strategic partners could promisingly extend those ongoing negotiations as a result. LEXI’s exploration team is advancing drill plans and permits to continue working towards a resource estimate that will deliver value to our shareholders.”

On March 25, 2018 and May 10, 2018, the Company had previously announced partial, preliminary results from this geophysical program, which was conducted by Quantec Geoscience Ltd., a world leader in mineral exploration with electromagnetic survey technologies. The final survey report encompassed approximately 200 line-kilometers of Transient Electromagnetic (TEM) Sounding profiles (comprised of 1,028 individual sounding sites) distributed along 36 survey lines. TEM technology is a fast, high-resolution exploration tool capable of imaging variations in sub-surface electrical resistivities to depths exceeding 500 m and has been a primary exploration tool in saline aquifer and fresh-water/brine interface projects for more than three decades. The final report from Quantec Geoscience adds further to the “better-than-expected” results related in the two previous news announcements, which indicate that the surveyed concessions (approximately 36,589 hectares within 14 semi-contiguous claims) exhibit electrical resistivity values and distribution patterns consistent with highly-conductive unconfined aquifers believed to be lithium-bearing brine horizons. These compelling survey results will contribute to the target discrimination for LEXI’s envisaged exploration drilling, intended to identify mineral chemistry, lithology, porosity, pump rates, and other hydrogeological factors.

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Quantec mourns the loss Jeff Nichols

Jeff Nichols

 1964 – 2018

  


 

It is with heavy hearts that we share the sad news of the sudden passing of Jeff Nichols on Saturday, August 18, 2018, after a short and courageous battle against cancer. Jeff has been a vital part of the Quantec family since 2011, and his unexpected and untimely death is deeply felt by all of us at Quantec.

 

 

 

Those of us who had the privilege of knowing Jeff – not just as a co-worker, but also as a friend – will remember him as a passionate and caring person.

 

Jeff’s love of the outdoors led him to a career in geophysics. After working on survey crews around the world for Zonge Engineering and then Geosystems, a division of Schlumberger, Jeff joined Quantec in a sales capacity. Jeff was very keen about the Geothermal sector and developed new business for the company there. Jeff was an excellent liaison between clients and Quantec operations due to his hands-on knowledge of field geophysics, and this resulted in him being Quantec’s top salesperson for 5 years running.

 

We will miss Jeff’s wry sense of humour, his love of geophysics, and his passion for life.

 


 

Jeff Nichols  1964 – 2018