Q2 Metals Completes Acquisition of the Mia Property and Mobilizes Field Crews for Inaugural Drill Campaign
Q2 Metals Completes Acquisition of the Mia
Property and Mobilizes Field Crews for
Inaugural Drill Campaign
Vancouver, British Columbia--(Newsfile Corp. - October 11, 2023) -
Q2 Metals Corp. (TSXV: QTWO)
(OTCQB: QUEXF) (FSE: 458)
("
Q2
" or the "
Company
") is pleased to announce the early completion
of the purchase agreement with 9219-8845 QC Inc., a private Quebec company dba Canadian Mining
House ("
CMH
") and certain investors in CMH for 100% ownership in the 8,668-ha Mia Lithium Property
(the "
Property
") located in the Eeyou Istchee James Bay Territory of Quebec.
"This is an important milestone for Q2 Metals and reinforces our enthusiasm and commitment to the Mia
Property," said Q2 President and CEO Alicia Milne. "We're delighted to now own the Property outright
and are excited to commence our inaugural drill program next week."
The acquisition terms were announced by the Company on November 28, 2022 and can be found
here
.
Field Crews Mobilize to Begin Drill Campaign
The Q2 geology team has mobilized to begin its inaugural drill program at the Property, starting at the
Mia Zone. The first drill is scheduled to arrive on October 16
th
and the second drill a few days later. It is
anticipated that drilling will continue until weather conditions become unfavorable, and then return once
again during frozen ground conditions in January 2024.
Visible Outcrop at the Mia Zone
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/183574_0a41d063b46e5946_001full.jpg
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
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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