Q2 Metals Announces Assay Results from Its 2024 Winter Drill Program at the Mia Lithium Property, James Bay Territory, Quebec, Canada
Q2 Metals Announces Assay Results from Its
2024 Winter Drill Program at the Mia Lithium
Property, James Bay Territory, Quebec,
Canada
Highlights:
Continued presence of
wide spodumene-mineralized pegmatites
containing
high-grade
intervals
at the Mia Zone confirmed:
13.7 m at 1.28% Li2O, including 9.1 m of 1.79% Li2O (MIA24-033)
8.8 m at 1.33% Li2O, including 5.8 m of 1.71% Li2O (MIA24-039)
Continuity of mineralization at the Mia 1, 2 & 3 zones
Vancouver, British Columbia--(Newsfile Corp. - May 10, 2024) -
Q2 Metals Corp. (TSXV: QTWO)
(OTCQB: QUEXF) (FSE: 458)
("
Q2
" or the "
Company
") is pleased to announce core assay results for
the drill program completed in the winter of 2024 (the "
Winter Drill Program
") 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 2024 Winter Drill Program targeted the western end of the more than 10-kilometre-long Mia Lithium
Exploration Trend (the "
Mia Trend
"), located 22 kilometres ("km") from the Billy Diamond Highway,
proximal to major hydro-powerline and all-season road infrastructure. The Mia Trend comprises an
approximately 10-km-long series of sub-parallel pegmatite intrusions, of which there are 11 mineralized
with spodumene at surface. The individual pegmatite bodies vary in thickness between a few metres
("m") and over 20 m in some cases. Combined with the 2023 fall drill program, a total of 8,685 m was
completed over 50 drill holes along the Mia Trend. All assay results from both drill campaigns have now
been reported.
Neil McCallum, VP Exploration, commented: "
Our modest Winter Drill Program continued to
successfully confirm the continuity of the mineralization encountered during our fall drill program at
the Mia 1, 2 & 3 Zones. These results have provided us with information about what is happening
across the broader Mia Trend and will be used to vector towards areas where we will test for thickening
and higher-grade mineralization."
The primary objective of the Winter Drill Program was to follow up on the fall-2023 drilling along the Mia
Trend, with a total of 20 drill holes completed for approximately 3,085 m. One drill rig was used to test
the main Mia 1, 2 & 3 zones (the "
Mia Zone
") with 11 drill holes; while a second drill rig tested the
greater Mia Trend with nine holes at the Mia 5,6, 7, 8 & Carte Zones.
Drill results at the Mia Zone confirmed the previously announced spodumene mineralization within a
continuous pegmatite zone that dips gently to the north (see news release from April 25, 2024; Hole
MIA23-004: 17.8 m at 1.51% Li2O, including 12.2 m of 2.16% Li2O).
Thickness of the mineralized zone varies from 8 to 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. The
Winter Drill Program confirmed the continuity of the mineralization in some areas of the zone, while also
showing some grade variability at the northern portions of the pegmatite at depth, with pegmatite
intervals as expected but without significant lithium grades in holes 42, 44, 46, 48.
Figure 1. Mia Zone, winter 2024 drilling results
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Figure 2. Mia Zone 1, simplified cross-section with winter 2024 results
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The results of the greater Mia Trend have revealed significantly wide pegmatite intervals, with relevantly
anomalous LCT-style geochemistry, but without significant lithium intervals. For instance, drill hole
MIA24-035 at the Mia 8 Zone intersected 14.9 m of pegmatite, followed by 2.6 m of metasediments,
followed by another 20.6 m of pegmatite. The geochemistry revealed elevated rubidium of 989 ppm and
only 96 ppm lithium. Additionally, drill hole MIA24-049 at Mia 5 Zone intersected three near-surface
pegmatites (1.4 m wide, 2.9m wide and 0.8 m wide) with anomalous lithium (723, 76 and 57 ppm Li,
respectively), anomalous rubidium (1,795, 996 and 1276 ppm Rb, respectively) and anomalous tantalum
(107, 59 and 116 ppm Ta2O5, respectively); with potassium-rubidium ratios (K/Rb) of 9, 22 and 7,
respectively. The positive indicator-geochemistry in drill-holes, combined with anomalous surface
geochemistry, indicates the potential for the discovery of additional mineralized zones along the Mia
Trend. Drill holes 32, 34, 35, 37, 38 and 41 to 50 all returned elevated but not significant amounts of
lithium.
Figure 3. Mia Zones 5, 6, 7, 8, 9 & Carte. Drill hole locations
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Table 1. Summary of winter 2024 drilling results
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2024 Exploration Plans
Due to an abnormal fire season in 2023, much of the Property remains completely untested as the field
season was drastically shortened. Further exploration will be undertaken at the Mia Lithium Property
during the summer of 2024 with a 2-week long property-wide ground mapping and sampling campaign.
The focus of the campaign will be on the continuation of the Mia Trend as well as the prospective Bruce
and Lady trends that were identified at the end of the 2023 field season. Several high-priority targets
were identified with the high-resolution aerial imagery and LiDAR that was collected at the end of the
2023 season.
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.
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 Lithium 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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