Q2 Metals Confirms Discovery of 8 New Mineralized Pegmatite Zones with Assay Results from Its 2023 Mapping and Sampling Program at the Mia Lithium Property
Q2 Metals Confirms Discovery of 8 New
Mineralized Pegmatite Zones with Assay
Results from Its 2023 Mapping and Sampling
Program at the Mia Lithium Property
Highlights:
Validation of Eight (8)
new mineralized
discoveries
including:
The new
MIA-3 Zone
with six (6) samples averaging 1.50% Li
2
O
The new
MIA-5 Zone
with three (3) samples averaging 0.78% Li
2
O
The new
MIA-8 Zone
with nine (9) samples averaging 2.07% Li
2
O
The new
MIA-9 Zone
with three (3) samples averaging 1.90% Li
2
O
Five (5)
spodumene-bearing boulders
discovered beside the
Carte Zone.
Twenty-six (26) samples from the Mia Trend returned lithium assays above 1.00% Li
2
O.
Eleven (11) mineralized zones
have now been defined along the Mia Trend.
Field sampling assays have identified new spodumene bearing pegmatites and continue to
confirm mineralization throughout the > 10 km long Mia Trend.
Discovery of a new trend (
Lady Trend
) approximately 1.2 km south and parallel to the Mia Trend.
Q2 remains well funded which will enable the Company to focus on advancing the new lithium
pegmatite discoveries at the Mia Property.
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2023) -
Q2 Metals Corp. (TSXV:
QTWO) (OTCQB: QUEXF) (FSE: 458)
("
Q2
" or the "
Company
") is pleased to announce the results
from the 2023 surface exploration program on its wholly owned, 8,668-ha Mia Lithium Property (the
"
Property
" or "
Mia Property
") located in the Eeyou Istchee James Bay Territory of Quebec. The
Property is host to the approximately 10-kilometre-long Mia Lithium Exploration Trend (the "
Mia Trend
")
and is situated proximal to major hydro-powerline and all-season road infrastructure.
Due to the extreme wildfires in northern Quebec this past summer, the Company completed an
abbreviated prospecting, mapping and rock sampling program from September 1 to September 15 at
the Property (see news releases of
September 13
and
27, 2023
). A total of 219 samples were collected
during the two weeks and the field work resulted in the discovery of eight (8) new mineralized zones.
"
The results of our ground mapping and sampling campaign highlight the considerable potential of
the Mia Property and we were able to make several new lithium discoveries in a short amount of time
,"
said Q2 Metals VP of Exploration, Neil McCallum. "
These new discoveries present many additional
drill targets on the Mia Trend. We are rapidly advancing the Mia Property and are well into our
inaugural 10,000 metre drill campaign testing these new mineralized zones.
"
The
Mia Trend
continues to remain the Company's primary focus with
11 defined mineralized zones
(Figures 1 and 2). Table 1 summarizes the results collected from each zone for samples that contain
greater than 100 ppm Li.
The mineralized
Mia Trend
now includes:
The new
MIA-3 Zone
with six (6) samples averaging 1.50% Li
2
O and 131 ppm Ta
2
O
5
.
The new
MIA-5 Zone
with three (3) samples averaging 0.78% Li
2
O and 126 ppm Ta
2
O
5
.
The new
MIA-8 Zone
with nine (9) samples averaging 2.07% Li
2
O and 30 ppm Ta
2
O
5
.
The new
MIA-9 Zone
with three (3) samples averaging 1.90% Li
2
O and 66 ppm Ta
2
O
5
.
The previously known
MIA-1 Zone
with six (6) samples averaging 1.8% Li
2
O and 40 ppm Ta
2
O
5
.
The previously known
MIA-2 Zone
with eight (8) samples averaging 1.17% Li
2
O and 31 ppm
Ta
2
O
5
.
The previously known
Carte Zone
with two (2) samples averaging 1.68% Li
2
O and 51 ppm Ta
2
O
5
.
Minimal field work was completed at the
Bruce Trend
to the north and a new high-priority trend (the
"
Lady Trend
") located to the south of the Mia Zone during the program. The geochemical results
(tantalum, rubidium and cesium) from both the Bruce Trend and the Lady Trend affirm each trend as
being prospective for lithium-bearing LCT-style pegmatite mineralization.
The
Bruce Trend
contains three (3) samples with background lithium, but elevated tantalum (up to 70.2
ppm Ta
2
O
5
), rubidium (2,470 ppm Rb) and cesium (64.7 ppm Cs). One pegmatite sample contains a
potassium-rubidium ratio of 16.2.
The newly discovered pegmatite on the
Lady Trend
, located approximately 1.2 km south and parallel to
the Mia Zone, contains three (3) samples with anomalous geochemistry. One (1) sample contains
elevated lithium (214 ppm Li), and another contains elevated tantalum (up to 75.3 ppm Ta
2
O
5
), rubidium
(582 ppm Rb) and cesium (32.6 ppm Cs). One pegmatite sample contains an anomalous potassium-
rubidium ratio of 40.3.
Immediately beside the
Carte Zone
, five (5)
spodumene-bearing boulders
were discovered (Figure
2). With the understanding that the glacial transport direction is from the northeast- to the southwest, the
preliminary interpretations of these boulders are that:
They are sourced from MIA-10, being the only known other mineralized zone to the northeast; or
There is a new and as-yet to be discovered zone present to the northeast.
Elevated cesium (Cs), rubidium (Rb) and tantalum (Ta) are considered indicator elements that the
pegmatites are highly fractionated and thus likely to contain lithium nearby. Potassium-rubidium (K/Rb)
ratios have also been an effective tool to map out the level of fractionation of pegmatites.
Together,
these indicator elements (Cs, Rb, Ta) and K/Rb ratios have been an incredibly useful tool to vector
towards lithium mineralized zones in spodumene-pegmatite districts.
Follow-up work will be conducted on the Bruce Trend, the Lady Trend and the spodumene bearing
boulders adjacent to the Carte Zone during the spring/summer 2024.
Figure 1. 2023 Sampling Summary, West End
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Figure 2. 2023 Sampling Summary, East End
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Table 1 Summary of Elevated Lithium Samples from September 2023 Fieldwork
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The Company's inaugural drill program commenced on October 23, 2023 with two drill rigs testing the
nearly 10-kilometre-long Mia Trend.
The Company announced the details of the first five drill holes that had been processed and sent to the
assay lab on November 16, 2023. All drill holes intercepted pegmatite with visual indications of
spodumene mineralization.
Q2 remains well funded, which will enable the Company to focus on advancing the new lithium pegmatite
discoveries at the Property.
Sampling, Analytical Methods and QA/QC Protocols
All rock samples collected were shipped to SGS Canada's preparation facility in Val D'Or, Quebec, 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).
Management cautions that prospecting surface rock samples and associated results, as discussed
herein, are selective by nature 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.
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
Telephone:
1 (800) 482-7560
E-mail:
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.
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