Updated NI 43-101 Report on Elk Creek Niobium Deposit Filed by Quantum

Quantum Rare Earth Developments Corp. (TSXV:QRE,OTCQX:QREDF,FWB:BR3) has filed an updated NI 43-101 resource report on the Elk Creek Carbonatite project. The report specifically deals with the core Niobium zone, and does not reflect results of any of the Rare Earth Element zones also located on the property.

As quoted in the press release:

The updated resource estimate for the Elk Creek Niobium Deposit has resulted in an overall increase in tonnage with an Indicated Mineral Resource of 19.3 million tonnes grading 0.67% Nb2O5 (using a 0.40% Nb2O5 cut-off grade), and an increase in Inferred Mineral Resources to 83.3 million tonnes grading 0.63% Nb2O5 (using a 0.40% Nb2O5 cut-off grade). The resource update is the result of an additional three holes completed by the Company at the Elk Creek Niobium Deposit in 2011.

Click here to read the Quantum Rare Earth Developments (TSXV:QRE) press release