Q2 Metals Commences Exploration Work at the Mia Lithium Property in James Bay, Quebec
Q2 Metals Commences Exploration Work at
the Mia Lithium Property in James Bay,
Quebec
Vancouver, British Columbia--(Newsfile Corp. - April 3, 2023) -
Q2 Metals Corp. (TSXV: QTWO)
(OTCQB: QUEXF) (FSE: 458)
("
Q2
" or the "
Company
") is pleased to announce it has commenced the
first phase of the 2023 exploration campaign at its flagship Mia Lithium Property (the "
Mia
Property
"),
located in James Bay, Quebec. The Phase 1 work program consists of ground induced polarity,
resistivity (
IP-Resistivity
), and detailed airborne magnetic surveying which will support the exploration
campaign on the Mia Property.
"After raising $10.25M earlier this year, our team has been eager to start on our work program at our
flagship Mia Property," said Q2 Chief Executive Officer, Alicia Milne. "This Phase 1 work program will
provide valuable information for our summer exploration campaign."
The Company has begun an IP-Resistivity geophysical survey across the western section of the
greenstone belt within the Mia Property. IP-Resistivity is a geophysical tool that has traditionally been
used in gold and base metals exploration. IP-Resistivity surveys conducted in 2008 over Allkem
Limited's James Bay deposit
1
have shown the method as a promising exploration method for the
definition of pegmatite dykes and bodies at depth. The survey will span four kilometres with 10 lines at
100-metre line spacing and is intended to highlight additional prospecting or drilling targets. The
Company has engaged TMC Géophysique out of Val d'Or Quebec to carry out the fieldwork.
The Company has also retained Prospectair Geosurveys Inc., a leading geophysical surveying group,
based in Gatineau, Quebec to complete a 2,078 line-kilometre airborne magnetic survey. The survey will
have line-spacing of 50 metres with a low ground-clearance of approximately 25 metres above the
surface. The high-resolution survey is intended to guide the exploration team to define potential
pegmatite bodies at depth by outlining regional geological corridors and magnetic susceptibility
variations that may directly be caused by pegmatite intrusions.
"This initial work on the Mia Property during snow-covered conditions in James Bay is intended to
accelerate our exploration field work efforts this summer by providing our teams with as much
information as possible. We are preparing for the phase 2 work program, which will start after the snow
melts. This is the field program which consists of getting boots on the ground for mapping and sampling
the pegmatites on surface. It is anticipated that this field program will define drill targets for drilling this
summer," said Q2 Vice President of Exploration, Neil McCallum.
Q2 anticipates its inaugural drill program to begin in July 2023 and will update the market with further
details in the coming months.
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 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 James Bay area of Quebec, Canada which is host to the
Mia Li-1 and Mia Li-2 occurrences which grade 0.47% Li
2
O and 2.27% Li
2
O respectively. 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 in James Bay.
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, 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) 824-7560
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.
1
Disclaimer: Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization
hosted on the Company's properties.
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