Q2 Metals Concludes Its 2024 Winter Drill Program at the Mia Lithium Property, James Bay Territory, Quebec, Canada
Q2 Metals Concludes Its 2024 Winter Drill
Program at the Mia Lithium Property, James
Bay Territory, Quebec, Canada
Highlights:
A total of 20 holes, for approximately 3,085 metres was completed during the Winter Drill Program.
Drill holes MIA24-033 and 036, located in the centre of the mineralized zone, highlight the potential
with aggregate lengths of spodumene-mineralized core intervals of 19.0 and 23.7 metres,
respectively.
Core assay results remain to be reported for 31 drill holes from the Company's inaugural drill
program in the fall of 2023.
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2024) -
Q2 Metals Corp. (TSXV: QTWO)
(OTCQB: QUEXF) (FSE: 458)
("
Q2
" or the "
Company
") is pleased to announce it has concluded its
winter 2024 drill program ("
Winter Drill Program
") at its wholly owned, 8,668-ha Mia Lithium Property
(the "
Property
") located in the Eeyou Istchee James Bay Territory of Quebec.
"The winter drill program at the Mia Property has confirmed the spodumene mineralized pegmatite at the
western end of the Mia Trend," commented Q2 Metals VP Exploration, Neil McCallum. "The drilling has
successfully evaluated a large portion of the Mia Trend that had been explored at the surface. I look
forward to having our team conduct additional property-wide mapping and sampling this summer to get
a greater understanding of the remainder of the Mia Property as a large portion of it has not yet seen any
exploration."
The Winter Drill Program commenced on January 18
th
at the west end of the more than 10-kilometre-
long Mia Lithium Exploration Trend (the "
Mia Trend
") which is located 22 km from the Billy Diamond
Highway, proximal to major hydro-powerline and all-season road infrastructure.
A total of 20 drill holes
were completed on the Mia Trend for approximately 3,085 Metres (Figure 1).
The work completed at the Mia Zones 1-3 at the western end of more than 10-kilometre-long Mia Trend
consisted of 11 drill holes (Tables 1 and 2, Figures 1-4). Several drill holes intersected visual
spodumene-bearing pegmatite intervals. Drill holes MIA24-033 and 036, located in the centre of the
mineralized zone, highlight the potential with aggregate lengths of spodumene-mineralized core intervals
of 19.0 and 23.7 metres, respectively.
A total of 9 additional drill holes were completed along the remainder of the more than 10-kilometre-long
Mia Trend.
The geological team has completed the processing of all 2024 drill holes, and the samples have been
dispatched to the lab for analysis. The preliminary pegmatite intervals of each drill hole are reported in
Table 1 and the basic location and dip/azimuth details are also included below in Table 2.
The presence of spodumene in drill core is based primarily on visual identification, and a portable LIBS
(Laser Induced Breakdown Spectroscopy) analyzer was used to confirm the presence of lithium, which
strongly suggests the presence of spodumene. There are drill holes that have intersected pegmatite
without visual identification of spodumene however, analytical results will ultimately confirm the presence
of lithium mineralization.
Figure 1. Property-Scale Summary Map
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https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_004full.jpg
Figure 2. Summary Map of Drilling at the MIA 1,2 &3 zones
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_005full.jpg
Figure 3. Summary Map of Drilling Along the Mia Trend (MIA 5-7)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_006full.jpg
Figure 4. Summary Map of Drilling Along the Mia Trend (MIA 8,9, CARTE)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_007full.jpg
Table 1. 2024 Pegmatite Interval Summary
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https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_008full.jpg
Table 2. Summary of 2024 Winter Drill Holes
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https://images.newsfilecorp.com/files/1454/199439_36ef1f3564bec8d0_009full.jpg
Fall 2023 Drill Program - Assay Update
A Quality Assurance / Quality Control ("QA/QC") protocol that follows industry best practices was
incorporated into each of the fall and winter drill programs.
Due to QA/QC concerns with the analytical
laboratory, the Company is awaiting receipt of assay results for the 31 drill holes completed during the
fall 2023 drill program. Results will be reported as soon as they are available.
Future Field Work at Mia Lithium Property
The Company is planning to conduct a property-wide mapping and sampling program to expand upon
the shortened 2-week ground mapping field program that was conducted in 2023. A particular focus will
be to understand the mineralization potential along the Bruce and Lady trends and the possibility of
extending the Mia Trend.
Q2 Metals to Attend 2024 PDAC Convention
Q2 Metals is pleased to announce its participation in the 2024 PDAC Convention in Toronto, Canada.
PDAC event and booth details:
Event:
PDAC 2024
Date:
March 3 - 6, 2024
Location:
Investors Exchange, Metro Toronto Convention Centre, Toronto, Canada
Booth Number:
3148
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 at the more
than 10-kilometre-long Mia Trend on its 8,668-ha flagship Mia Lithium Property in the Eeyou Istchee
James Bay Territory of Quebec, Canada which is host to both the MIA 1 and MIA 2 lithium occurrences
as well as 11 confirmed mineralized zones. 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 also holds 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.
The Big Hill Gold
Project is host to 54 high-grade historical gold mines.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Alicia Milne
President & CEO
Jason McBride
Corporate Communications
Jason@Q2m
etals.com
Telephone:
1 (800) 482-7560
E-mail:
Website:
www.Q2Metals.com
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This news release contains forward-looking statements and forward-looking information (collectively,
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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.
Forward-Looking statements involve known and unknown risks, uncertainties and other factors that
may cause actual results to differ materially from those anticipated in such forward-looking
statements. The forward-looking statements in this news release speak only as of the date of this news
release or as of the date specified in such statement. Forward-Looking statements in this news release
include, but are not limited to, the focus of the Company's current and future exploration and drill
programs, the scale, scope and location of future exploration and drilling activities, the Company's
expectations in connection with the projects and exploration programs being met, , the Company's
objectives, goals or future plans, statements, exploration results, potential mineralization, the
estimation of mineral resources, exploration and mine development plans, timing of the
commencement of operations and estimates of market conditions. Factors that could cause actual
results to differ materially from those in forward-looking statements include failure to obtain necessary
approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue
to be refined, 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.sedarplus.ca
.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated, believed, estimated or expected. Although the Company
has attempted to identify important risks, uncertainties and factors which could cause actual results to
differ materially, there may be others that cause results not to be as anticipated, estimated or
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