Q2 Metals Announces Sampling Results from Its Abridged Work Program and Provides an Operational Update
Q2 Metals Announces Sampling Results from
Its Abridged Work Program and Provides an
Operational Update
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2023) -
Q2 Metals Corp. (TSXV: QTWO)
(OTCQB: QUEXF) (FSE: 458)
("
Q2
" or the "
Company
") is pleased to announce the
mapping/prospecting and rock sampling results of its abridged exploration work program at the Mia
Lithium Property (the "
Mia Property
") located in the Eeyou Istchee James Bay Territory of Quebec.
On June 5, 2023, the Company was mandated by the Quebec Ministry of Natural Resources and Forests
to pause all exploration related activities and depart from camp due to the ongoing wildfire status of
northern Quebec. As a result, the mapping and sampling portion of the field work lasted only two days.
Despite the pause to the field work, the Company is encouraged by the results of the work completed
and plans to execute an ambitious work program of expedited mapping, sampling and drill-testing as
soon as conditions allow. The following is a summary of the work completed to date, and the work-plan
for the remaining summer months:
June Exploration Work
The recent two-day mapping and sampling work of the historically known lithium pegmatites at the Mia
Property resulted in the collection of 28 pegmatite samples. Six (6) samples were collected from
spodumene-mineralized pegmatite and the remaining twenty-two (22) from non-mineralized pegmatite to
broaden the understanding of the source-rock relationships, geochronology, and/or zonation of the
pegmatite. A summary of the spodumene-mineralized samples is provided in Table 1.
Table 1. Spodumene-mineralized samples from the June, 2023 site visit
Sample
Li2O (%)
Ta2O5 (ppm)
Zone
B00293504
0.55
72.3
Mia
B00293505
2.05
101.7
Mia
B00293501
2.73
61.9
Mia
B00293510
1.57
167.3
Carte
B00293511
2.01
93.9
Carte
B00293512
1.04
72.9
Carte
B00293507
0.02
160
Carte
Mia Zone
At the herein named "Mia Zone", the historically mapped spodumene-pegmatite was sampled and
returned 2.73, 2.05 and 0.55% Li
2
O. This successfully verified the 2021 and 2022 work by the property
vendors of 18 grab samples averaging 2.65% Li
2
O.
The Mia Zone now measures a mapped extent of approximately 370 metres and is up to 140 metres
wide. This represents an extension of approximately 130 metres to the north of the previously mapped
extent. There are some inclusions of the host rock within these dimensions and there are unclear
contacts in all directions leading to the inability to precisely report the true size of the pegmatite.
The Company's priority will be to undergo drill testing of the Mia Zone in order to understand its true
dimensions. The preliminary IP/Resistivity data suggest that the mineralized zone extends beneath
overburden to the north, south and east.
Figure 1. Western Mia Trend, June 2023 Sampling Summary
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/171740_12933bcef412f964_002full.jpg
Carte Zone
At the herein named "Carte Zone", the historically mapped spodumene-pegmatite was sampled and
returned three spodumene-mineralized samples of 2.01, 1.57 and 1.04% Li
2
O. This successfully verified
the 2022 work by the property vendors of 3 grab samples averaging 1.65% Li
2
O.
The Carte Zone measures a mapped extent of approximately 110 metres and is up to 30 metres wide.
Like the Mia Zone, the contact relationship between the host rock and the pegmatite is unclear and
additional work is needed to determine the true dimensions of the pegmatite. Additionally, the next
pegmatite located approximately 250 metres to the west was sampled and returned 160 ppm Ta
2
O
5
.
Figure 2. Eastern Mia Trend, June 2023 Sampling Summary
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/171740_12933bcef412f964_003full.jpg
"We have learned a great deal in the short amount of time we were on the Mia Property, and because of
that we are more enthusiastic than ever about its potential. Only a small fraction of the Mia Trend has
been looked at," said Neil McCallum, VP Exploration of Q2 Metals. "As soon as we are able, we will
return to the Project to resume our efficient and results-oriented program to define the extent of the
known mineralized occurrences and to hopefully make additional discoveries."
Figure 3. Selected Mineralized Photos, Mia and Carte Zones.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/171740_12933bcef412f964_004full.jpg
Summary of Additional Work Completed in 2023:
IP/Resistivity
During the month of March, a ground IP/Resistivity survey was completed over the western half of the 8-
km Mia Trend. Results of the survey are still being interpreted and the truncated work program prevented
ground-truthing of the anomalous highly resistive zones which may be indications of wide pegmatite
accumulation near surface.
Airborne Magnetics
A property-wide high-resolution helicopter-borne magnetic survey was completed before the pause to
our field program. The survey was flown at a line-spacing of 50 metres and at a height of approximately
15 metres above the surface. The preliminary results suggest that there are favorable extensions of the
Mia Trend beyond its current extent.
Hyperspectral Survey
A property-wide hyperspectral interpretation of ASTER and Sentinel-2 data was completed during May
and June by Terra Resources of Perth, Australia. The results of the survey generated 495 target areas
on both the Mia Property and the Stellar Property.
Integration of Targets and Exploration Targets
The historical and 2023 work has been compiled, integrated and refined, resulting in the definition of two
high-priority Exploration Trends (Figure 1).
The first is herein named the "Mia Trend" and is host to the
two mineralized zones on the Property (discussed in detail above) as well as a corridor measuring six
(6) kilometres long of untested pegmatite. Secondly, the parallel "Bruce Trend" to the north which
contains a series of historically mapped pegmatite and hyperspectral targets that have not yet been
sampled.
Additionally, there are other secondary exploration trends (please see lighter green colour on Figures 1
and 2) that have been defined based on the compilation and presumed extensions of the high-priority
zones.
In total, there are 297 individual targets that have been selected based on the high-resolution satellite
data, combined with the hyperspectral interpretation and the property-wide airborne magnetics. Many of
these targets cluster along the aforementioned exploration trends and provide the Company with an
abundance of opportunities to make additional discoveries on the Mia Property.
Summer 2023 Exploration Plan
The Company has received permits from the relevant ministries for its inaugural drill campaign at the Mia
Property and has engaged Youdin-Rouillier Drilling of Amos, QC, to execute the Company's inaugural
drill campaign. Youdin-Rouillier Drilling is based in Eeyou Istchee James Bay and has recently been
awarded the UL 2724 ECOLOGO Certification Program for Suppliers of Mineral Exploration, which
supports a commitment to social responsibility and a focus on environmental practices.
As soon as safe working conditions in the area allow for a return, the Company intends to immediately
commence drilling on the Mia Zone, which represents the highest priority mineralized zone. The
Company is targeting between 8,000 and 10,000 metres of drilling this campaign, utilizing two drill rigs.
Simultaneously, the Company will continue the mapping and sampling program on the Mia and Bruce
Trends along with the highest priority target zones from the property-wide targeting compilation.
"We continue to actively monitor the situation daily with our focus centered on the health and safety of the
local community," said Q2 President and Chief Executive Officer, Alicia Milne. "We are well funded and
have all of our permits and contracts in place. We are eagerly awaiting resuming our exploration
program once the fire risk has subsided and we receive the green light from the Ministry of Natural
Resources and Forests."
Quality Assurance / Quality Control (QAQC)
All rock samples collected were transported by the geological contractors to SGS Canada's prep
laboratory in Val-d'Or, QC, 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). The Company has relied on the internal lab QAQC for the
surface sample analysis.
Management cautions that prospecting surface rock samples and associated assays, as discussed
herein, are selective by nature and represent a point location, and therefore may not necessarily be fully
representative of the mineralized horizon sampled.
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 currently advancing exploration of its
8,668-ha flagship Mia Lithium Property in the Eeyou Istchee James Bay Territory of Quebec, Canada
which is host to the Mia Li-1 and Mia Li-2 lithium occurrences. The Company also owns the Stellar
Lithium Property with 77 claims totaling 3,972-ha, located approximately six kilometres north of its Mia
Lithium Property.
Q2 is also exploring the highly prospective Big Hill and Titan gold projects covering approximately 110
km² in the Talgai Goldfields of the broader Warwick-Texas District of Queensland, Australia, hosting 54
high-grade historical gold mines.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Alicia Milne
President & CEO
Kevin Bottomley
Director
Jason McBride
Corporate Communications
Telephone:
1 (800) 482-7560
E-mail:
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Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively,
"forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking
statements are typically identified by words such as: "believes", "expects", "anticipates", "intends",
"estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such
words and phrases and similar expressions, which, by their nature, refer to future events or results that
may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news
release that are not purely historical are forward-looking statements and include statements regarding
beliefs, plans, expectations and orientations regarding the future including, without limitation, any
statements or plans regard the geological prospects of the Company's properties and the future
exploration endeavors of the Company. Although the Company believes the expectations expressed
in such forward-looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ materially from those
in the forward-looking statements. Forward-looking statements are based on a number of material
factors and assumptions. Factors that could cause actual results to differ materially from those in
forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration
results, changes in project parameters as plans continue to be refined, results of future resource
estimates, future metal prices, availability of capital and financing on acceptable terms, general
economic, market or business conditions, risks associated with regulatory changes, defects in title,
availability of personnel, materials and equipment on a timely basis, accidents or equipment
breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental
impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration
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.sedar.com
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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