Q2 Metals Drills 120.3 M at 1.72% Li2O including 19.0 M at 2.06% in First Assays Reported from its Spring 2024 Drill Campaign at the Cisco Lithium Property, James Bay, Quebec, Canada
Q2 Metals Drills 120.3 M at 1.72% Li2O including 19.0 M at 2.06% in First Assays
Reported from its Spring 2024 Drill Campaign at the Cisco Lithium Property,
James Bay, Quebec, Canada
Highlights:
• Strong analytical results from the inaugural drilling campaign for Q2 Metals including:
o CS-24-010: Cumulatively 181.1 metres (“m”) at 1.67% Li2O
▪ Widest interval of 120.3 m at 1.72% Li2O including 19.0 m at 2.06% Li2O
o CS-24-007: Cumulatively 94.6 m at 1.52% Li2O
▪ Widest interval of 27.1 m at 1.96% Li2O including 11.1 m at 2.49% Li2O
o CS-24-008: Cumulatively 27.0 m at 1.63% Li2O
▪ Widest interval of 19.3m at 1.75% Li2O including 6.2 m at 2.23% Li2O
o CS-24-009: Cumulatively 115.9 m at 1.48% Li2O
▪ Widest interval of 82.1m at 1.43% Li2O including 15.7 m at 1.88% Li2O
Vancouver, British Columbia, August 19, 2024 – Q2 Metals Corp. (TSX.V: QTWO | OTCQB:
QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to report on the first core assay results
from drill holes CS-24-007 to CS-24-010 from the Spring 2024 Drill Campaign at the Cisco Lithium
Property (the “Property” or the “Cisco Property”) located within the greater Nemaska traditional
territory of the Eeyou Istchee James Bay region of Quebec, Canada.
“These first four holes of our inaugural drill program at Cisco have exceeded our expectations with
higher grades within some of the wider intervals such as Hole 10,” said Q2 Metals VP of
Exploration, Neil McCallum. “We look forward to releasing more analytical results in the coming
weeks as they become available.”
“Between closing our financing earlier this month and the work we’ve done in the field, 2024 has
been an exceptional year for Q2 Metals so far,” said Q2 Metals President and CEO, Alicia Milne.
“We have just begun our work at the Cisco Property, and having only completed 12 drill holes,
these initial results are exceptionally promising.”
TSX-V: QTWO
OTCQB: QUEXF
FSE: 458
The analytical results reported herein represent the first 1,017 m of drilling over four (4) holes of
the 3,753 m that were drilled over 12 holes at the Cisco Property. Initial visual results of those
four holes were reported by the Company on June 17, 2024.
The Spring 2024 Drill Campaign was designed to expand upon the 2023 drilling by the Property
vendors. Hole CS-23-05 (“Hole 5”) drilled by the Property vendor ended in pegmatite and assays
results confirmed a total of 115.4 m at 1.40% Li2O, cumulatively within five (5) separate pegmatite
intervals. Holes CS-24-009 and 010 (“Hole 10”) were designed as 50 m westward step-outs from
Hole 5. Assay results from these two holes confirmed wide intervals of spodumene pegmatite,
with the widest interval reaching 120.3 m at 1.72% Li2O, including 19.0 m at 2.06% Li2O in Hole
10.
Complete highlighted intervals from holes CS-24-007 to 010 are summarized in Table 1 and
represented in Figure 1. All intervals of greater than two (2) metres of core-length are included
in the table. Internal dilution of non-pegmatite material was limited to intervals of less than five
(5) metres. No specific grade cap or lower cut-offs were used during grade and width calculations.
All intervals are reported as core widths and mineralized intervals in all the holes drilled thus far
are not representative of the true width as the modelled pegmatite zones are being refined with
every additional hole.
Figure 1. Map of Inaugural Drill Hole Analytical Results at Cisco Property
Table 1. Summary of Analytical Results of Spring Drill Holes at Cisco Property
Results from approximately 2,700 m of drilling eight (8) holes (CS-24-011 to CS-24-018) remain
to be reported from the Spring 2024 Drill Campaign and will be released as soon as results are
available. Drilling at the Cisco Property is ongoing and will continue into the fall of 2024.
Hole ID From
(m)
To
(m)
Interval
(m)
Li2O
(%)
Ta2O5
(ppm)
Cumulative interval: 94.6 1.52 133
9.3 23.0 13.8 1.61 125
and 44.9 72.0 27.1 1.96 138
incl. 59.0 70.1 11.1 2.49 104
and 95.9 99.2 3.3 1.31 120
and 127.7 132.0 4.4 1.30 163
and 139.0 144.0 5.0 1.41 108
*and 150.2 165.3 15.1 1.02 99
*and 170.5 178.9 8.4 0.96 120
and 186.5 204.0 17.5 1.61 171
incl. 196.0 201.7 5.7 2.16 136
Cumulative interval: 27.0 1.63 141
69.3 77.1 7.8 1.32 173
and 82.9 102.2 19.3 1.75 127
incl. 86.5 92.7 6.2 2.23 105
Cumulative interval: 115.9 1.48 149
29.0 38.7 9.7 1.50 143
*and 62.6 144.7 82.1 1.43 149
incl. 68.0 83.8 15.7 1.88 155
incl. 124.1 137.8 13.7 1.95 159
and 154.8 178.9 24.2 1.65 151
incl. 163.2 173.5 10.3 2.02 145
Cumulative interval: 181.1 1.67 191
* 14.3 20.5 6.2 0.84 242
and 37.1 44.4 7.2 1.38 263
and 53.1 68.5 15.5 1.64 167
and 88.9 92.3 3.4 2.02 194
and 101.0 117.7 16.7 1.83 100
and 155.1 158.4 3.3 0.94 508
and 183.8 186.3 2.5 0.99 176
*and 200.0 320.3 120.3 1.72 195
incl. 241.5 260.5 19.0 2.06 197
incl. 303.5 316.5 13.0 2.25 195
and 332.0 338.0 6.0 1.99 107
* Non-pegmatite internal dilution is limited to <5m where relevant and intervals
indicated when assays are reported.
- All intervals are reported as core-length with pegmatite that is >2 metres.
- No specific grade cap or cut-off was used during grade width calculations.
- The highlighted intervals in orange are the summation of multiple pegmatite
intervals within the same drill hole
CS-24-007
CS-24-008
CS-24-009
CS-24-010
About the Cisco Property
The Cisco Property is comprised of 222 mineral claims and is 11,374 hectares in size. It is located
less than 10 kilometres (“km”) east of the Billy Diamond Highway, and is approximately 150 km
north of Matagami, a small town that contains the closest rail link to much of James Bay. The
Property lies within the greater Nemaska Community lands of the Eeyou Istchee Territory, James
Bay, Quebec.
The Property is situated along the Frotet Evans Greenstone Belt, comprised of a volcanic package
dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the
same belt that hosts the Sirmac and Moblan lithium deposits, located 130 km and 180 km away,
respectively.
Sampling, Analytical Methods and QA/QC Protocols
All drill core samples were shipped to SGS Canada’s preparation facility in Val D’Or, Quebec, for
standard sample preparation (code PRP92) which includes drying at 105°C, crushing to 90%
passing 2 mm, riffle split 500 g, and pulverize 85% passing 75 microns. The pulps are then shipped
by air to SGS Canada’s laboratory in Burnaby, BC, where the samples are homogenized and
subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with
ICP-AES/MS finish (code GE_ICM91A50).
A Quality Assurance / Quality Control protocol following industry best practices was incorporated
into the sampling program.
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 and approved the technical information in this news
release. Mr. McCallum is a director and VP Exploration for Q2.
About Q2 Metals Corp
Q2 Metals is a Canadian mineral exploration company focused on unlocking its portfolio of
lithium projects in the Eeyou Istchee James Bay region of Quebec, Canada, that includes both its
100-per-cent-owned Mia Lithium Property and the Cisco Lithium Property.
The Cisco lithium property is located approximately 150 km north of Matagami, Que., and
comprises 222 mineral claims and is 11,374 ha in size. The property has district-scale potential
with an already identified mineralized zone and a discovery drill result of 115.4 metres at 1.40
percent lithium oxide (hole CS-23-05), cumulatively in five separate pegmatites.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Alicia Milne Jason McBride
President & CEO Corporate Communications
[email protected] [email protected]
Telephone: 1 (800) 482-7560
E-mail: [email protected]
WWW.Q2Metals.com
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