QIMC Reports Multi-Component Hydrocarbon and Helium Soil-Gas Anomalies in the New-Salem Area, Cumberland Basin Project, Nova Scotia

Executive Summary

• Québec Innovative Materials Corp. reported a 1.5 km soil‑gas traverse that identified a continuous 450 m methane‑rich anomaly with co‑occurring ethane, propane, butanes and elevated helium, suggesting a potential thermogenic source.
• Peak methane reached 87.68 ppmv; 12 of 28 stations recorded > 5 ppmv methane, and all stations showed helium concentrations above atmospheric background (average 5.456 ppmv).
• The company plans to move to Stage 2 of its R2G2 workflow – targeted geochemical/geophysical surveys and drill‑ready target definition within licence EL56912.

Key Details

• Survey Scope: November 2025, single contiguous traverse ~1.5 km across Exploration Licence EL56912 (New Salem zone), 28 stations spaced ≈50 m.
• Anomaly Extent: 450 m continuous C1‑C4 hydrocarbon anomaly across 8 stations; helium anomaly present at all 28 stations.
• Methane: Minimum 1.88 ppmv, maximum 87.68 ppmv, mean 8.99 ppmv; 12/28 stations > 5 ppmv (43%).
• Ethane (C2): Min 0.0073 ppmv, max 1.615 ppmv, mean 0.311 ppmv.
• Propane (C3): Min 0.019 ppmv, max 0.5033 ppmv, mean 0.099 ppmv.
• Total Butanes (C4): Min 0.0406 ppmv, max 0.196 ppmv, mean 0.095 ppmv.
• Combined C2‑C4: Peak combined concentration 2.31 ppmv, indicating possible thermogenic contribution.
• Helium: All stations > atmospheric background (5.240 ppmv); range 5.306–5.722 ppmv, mean 5.456 ppmv (~4 % above background).
• Independent Verification: All samples analyzed by GeoFrontiers Corp. (Texas) using gas chromatography; results independently verified for quality and accuracy.
• Interpretation: Low CH₄/(C₂+C₃) ratios and presence of C₂‑C₄ suggest thermogenic origin rather than biogenic surface emissions; helium elevation points to deep crustal fluid pathways.
• Management Outlook: CEO John Karagiannidis states the results “support advancing the New Salem zone toward targeted geochemical and geophysical surveys and drill‑ready definition” and that Stage 2 of R2G2 will commence shortly.
• Future Work Planned: Targeted soil‑gas and geophysical acquisition, seismic (if pursued), and drilling to define a drill‑ready target within the anomaly corridor.

Notable Quotes

“The scale and consistency of the anomaly identified at New Salem highlight the potential of this emerging exploration target… These results support advancing the New Salem zone toward targeted geochemical and geophysical surveys and drill‑ready definition.” – John Karagiannidis, President & CEO

Materiality Assessment: Non‑Material – Positive (exploratory data indicating a potentially significant target, but no proven reserves or commercial production disclosed).