Q2 Metals Announces Assay Results from Its 2023 Inaugural Drill Program at the Mia Lithium Property, James Bay Territory,
Q2 Metals Announces Assay Results from Its
2023 Inaugural Drill Program at the Mia
Lithium Property, James Bay Territory,
Quebec, Canada
Highlights:
Confirmed presence of
wide spodumene-mineralized pegmatites
containing
high grade
intervals
at the Mia and Carte zones:
Mia Zone
- 17.8 m at 1.51% Li
2
O
, including
12.2 m of 2.16% Li
2
O
(MIA23-004)
Carte Zone
- 7.3 m at 0.94% Li
2
O
, including
4.4 m of 1.40% Li
2
O
(MIA23-007)
Continuity of mineralization
at the Mia 1 & 2 zones.
Core assay
results remain to be reported for the 20 drill holes
from the Company's
approximately 3,085 m Winter 2024 Drill Program.
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2024) -
Q2 Metals Corp. (TSXV: QTWO)
(OTCQB: QUEXF) (FSE: 458)
("
Q2
" or the "
Company
") is pleased to announce core assay results of
the inaugural drill program completed in fall of 2023 at the Company's wholly owned, 8,668 hectare
("ha") Mia Lithium Property (the "
Property
") located in the Eeyou Istchee James Bay Territory of
Quebec. The targeted drill area for the inaugural program was the approximately 10-kilometre-long Mia
Lithium Exploration Trend (the "
Mia Trend
") which is located 22 kilometres ("km") from the Billy
Diamond Highway, proximal to major hydro-powerline and all-season road infrastructure.
Neil McCallum, VP Exploration, stated: "
Core assay results received to date indicate our 2023 drill
program was successful in confirming spodumene mineralization in the pegmatites at the Mia
Property. Using innovative targeting methods, our 2023 drill program on the Mia Trend has revealed
that pegmatites are in some cases complex and variably mineralized at depth and in other cases,
such as at Mia-1/2 and Carte, the pegmatite bodies have a simple geometry and consistent
mineralization. We are very encouraged with these first drill results and believe we have only just
begun to unlock the potential of the Mia Property."
The Mia Trend comprises an approximately 10-km-long series of sub-parallel pegmatite intrusions, of
which there are 11 demonstrated spodumene mineralized zones. The individual pegmatite bodies vary
in thickness, between a few metres ("m") and over 20 m in some cases.
The primary objective of the drill program was to drill test along the Mia Trend, with a total of 31 drill holes
completed for approximately 5,601 m. One drill rig was used to test the main
Mia 1, 2 & 3
zones
(the
"Mia Zone")
(17 holes) while the other rig tested the
Carte Zone
(eight holes) and the greater
Mia
Trend
(six holes at zones
Mia 7,8 & 9
). The
Mia Zone
represents the most significant finding of the
inaugural program, as outlined below. The wide spacing of the drill holes on the greater
Mia Trend
of
between 500 m and 2.8 kms represents several opportunities for additional discoveries that are similar
to the well-mineralized pegmatite at the
Mia Zone.
Drill results at the
Mia Zone
confirmed spodumene mineralization within a continuous pegmatite zone
that dips gently to the north. Thickness of the mineralized zone varies from 8 and 20 m, and extends
roughly 600 m east-west and roughly 375 m north-south. The pegmatite body appears to be open to the
west, east and north.
Figure 1. Mia Zone, fall 2023 drilling results
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Figure 2. Mia Zone 1, simplified cross-section with fall 2023 results
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Drill results at the
Carte Zone
have confirmed spodumene mineralization with a pegmatite zone that
appears at surface and dips gently to the northwest. Thickness of the mineralized zone varies from 5.8
and 7.3 m, and extends roughly 170 m in a northeast-southwest strike direction and has been
intersected to a depth of roughly 65 m.
Figure 3. Carte Zone, fall 2023 drilling results
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Figure 4. Mia Zones 5, 6, 7. Drill hole locations
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Table 1 summarizes the highlights from the fall 2023 drilling program. Drill results for the remaining 20
holes and approximately 3,085 m completed in January and February 2024 will be reported once
received.
Table 1. Summary of Fall 2023 drilling
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Analytical Methods and QA/QC Protocols
All drill core samples were shipped to SGS Canada's preparation facility in Val D'Or, Quebec, for
standard sample preparation (code PRP89) which includes drying at 105°C, crush to 75% passing 2
mm, riffle split 250 g, and pulverize 85% passing 75 microns. The pulps were shipped by air to SGS
Canada's laboratory in Burnaby, BC, where the samples were homogenized and subsequently analyzed
for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (code
GE_ICM91A50).
A Quality Assurance / Quality Control protocol following industry best practices was incorporated into the
sampling program. The review process indicated numerous inconsistencies and thus a re-evaluation of
the affected results was conducted.
Upon final acceptance by the QP, the results have been promptly
reported herein.
Qualified Person
Neil McCallum, B.Sc., P.Geol, is a registered permit holder with the Ordre des Géologues du Québec
and Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral
Projects, and has reviewed the technical information in this news release. Mr. McCallum is a director and
VP Exploration of Q2.
About Q2 Metals Corp
Q2 Metals Corp. is a Canadian mineral exploration company focused on unlocking its portfolio of lithium
projects in the Eeyou Istchee James Bay region of Quebec, Canada that includes its 100% owned Mia
Lithium Property and its recently acquired Cisco Lithum Property.
The Company's exploration advancement at its 8,668-ha flagship Mia Lithium Property is focused on the
more than 10-kilometre-long Mia Trend which is host to both the Mia 1 and Mia 2 lithium occurrences
and 11 other mineralized zones along trend.
The Cisco Lithium Property is located approximately 150 km north of Matagami, Quebec and comprised
of 222 mineral claims and is 11,374-ha in size. The property has district scale potential with an already
identified mineralized zone and a discovery drill result of 115.4 m of 1.21% Li2O (hole CS-23-05),
cumulatively in five separate pegmatites.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Alicia Milne
President & CEO
Jason McBride
Corporate Communications
Telephone:
1 (800) 482-7560
E-mail:
www.Q2Metals.com
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include, but are not limited to, the belief that the Company has only just begun to unlock the potential
of the Mia Property, the indication that wide spacing of drill holes on the greater Mia Trend
representing opportunities for additional discoveries that are similar to the well-mineralized pegmatite
at the Mia Zone, the focus of the Company's current and future exploration and drill programs, the
scale, scope and location of future exploration and drilling activities, the Company's expectations in
connection with the projects and exploration programs being met, the Company's objectives, goals or
future plans, statements, exploration results, potential mineralization, the estimation of mineral
resources, exploration and mine development plans, timing of the commencement of operations and
estimates of market conditions. Factors that could cause actual results to differ materially from those
in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or
recovery rates, changes in project parameters as plans continue to be refined, unsuccessful
exploration results, changes in project parameters as plans continue to be refined, results of future
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general economic, market or business conditions, risks associated with regulatory changes, defects in
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and development of mines is an inherently risky business and accordingly, the actual events may
differ materially from those projected in the forward-looking statements. Additional risk factors are
discussed in the section entitled "Risk Factors" in the Company's Management Discussion and
Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile
at
www.sedarplus.ca
.
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