Q2 Metals Completes the First Phase of Surveying at Its Mia Lithium Property, Quebec, Canada
Q2 Metals Completes the First Phase of
Surveying at Its Mia Lithium Property, Quebec,
Canada
Vancouver, British Columbia--(Newsfile Corp. - April 26, 2023) -
Q2 Metals Corp. (TSXV: QTWO)
(OTCQB: QUEXF) (FSE: 458)
("
Q2
" or the "
Company
") is pleased to announce it has completed
Phase 1 of the 2023 exploration campaign at its flagship Mia Lithium Property (the "
Mia
Property
"),
located in James Bay, Quebec. Surface geophysics, consisting of Induced Polarity and Resistivity (
IP-
Resistivity
) surveying is complete on the western half of the approximately 8-km long lithium exploration
trend. The Company is awaiting the results of interpretation before deciding whether to complete the
eastern half of the trend in June.
"We are waiting on the detailed interpretation, and I expect the survey will aid in prioritizing which of the
many compelling target areas on the lithium exploration trend to focus on during our summer 2023 drill
campaign," said Q2 Vice President of Exploration, Neil McCallum. "After visiting the property and
meeting people within the community this past week, I am even more excited to lead this program
forward and update our shareholders with our progress in the field."
The IP-Resistivity geophysical survey was carried out by TMC Géophysique out of Val d'Or Quebec and
focused on the western section of the greenstone belt within the Mia Property and spanned
approximately four kilometres, with 11 lines at 100-metre line spacing. IP-Resistivity is a geophysical
tool that has traditionally been used in gold and base metals exploration, but has been useful in
identifying resistive rock units, such as pegmatite, as at the James Bay Deposit of Alkem Inc.
1
Q2 will commence Phase 2 of its 2023 exploration program, including ground mapping and sampling,
shortly after May 20
th
to respect the local Cree Nation goose harvesting season of the Eeyou Istchee
(James Bay territory) which runs from April 20
th
to May 20
th
, and as soon as snow-free conditions allow.
The scheduled helicopter-borne magnetic survey was deferred to early June.
The Company's inaugural 10,000 m drilling campaign is expected to commence in July, with up to two
drill-rigs and continue until September 2023.
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
Kevin Bottomley
Jason McBride
President & CEO
Director
Corporate Communications
Telephone:
1 (800) 482-7560
E-mail:
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This news release contains forward-looking statements and forward-looking information (collectively,
"forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking
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"estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such
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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
.
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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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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https://www.newsfilecorp.com/release/163754