Q2 Metals Drills 215.6m at 1.69% Li2O including 64.6m at 2.29% Li2O at the Cisco Lithium Property, James Bay, Quebec, Canada
Q2 Metals Drills 215.6m at 1.69% Li2O including 64.6m at 2.29% Li2O at the Cisco
Lithium Property, James Bay, Quebec, Canada
Highlights:
• Strong analytical results from the inaugural drilling campaign for Q2 Metals include:
o CS-24-018: Widest interval of 215.6 m at 1.69% Li2O, including 64.6 m at 2.29% Li2O.
o CS-24-011: Widest interval of 81.8 m at 1.17% Li2O.
o CS-24-013: Widest interval of 59.5 m at 1.18% Li2O.
• Core assay results remain to be reported on six (6) additional drill holes completed during
the Summer 2024 Drill Campaign.
Vancouver, British Columbia, October 1, 2024 – Q2 Metals Corp. (TSX.V: QTWO | OTCQB:
QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to report the core assay results on drill
holes CS-24-011 to CS-24-016 and CS-24-018 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. All drill holes
intersected pegmatite with visual indications of spodumene mineralization identified.
“These assays continue to validate the potential and scale of the Cisco Property as that of a larger
mineralized system,” stated Neil McCallum, Vice President Exploration of the Company. “One
important observation of these results is the higher-grade nature of the larger mineralized system
as we test and track the system progressing to the south.”
“We are extremely pleased with these assay results, which continue to demonstrate the world-
class nature of the Cisco Project," said Alicia Milne, President and Chief Executive Officer of Q2
Metals. "It is difficult to ignore the significance of what we’ve discovered at Cisco and our team is
committed to continuing to unlock Cisco’s full potential.”
A total of 6,359.7 metres (“m”) was drilled over 17 holes during the Spring and Summer 2024
Drill Campaigns.
The analytical results reported herein represent 2,318.4 m of drilling over seven (7) holes during
the drill campaigns with core assay results remaining to be reported on six (6) additional drill
holes that were completed.
TSX-V: QTWO
OTCQB: QUEXF
FSE: 458
Complete highlighted intervals from holes CS-24-011 to 016 and CA-24-018 are summarized in
Table 1 and represented in Figure 1, with two cross sections in Figures 2 and 3.
Figure 1. Map of Recent Drill Hole Analytical Results at Cisco Property
Drills holes CS-24-011 to CS-24-015 targeted the extension of the CO1 outcrop area towards the
CO3 outcrop area.
Drill hole CS-24-011 was the most significant interval near CO1, which returned results of 81.8 m
of 1.17% Li2O. The hole was a 70 m westward step out from previously reported drill holes CS-
24-009 and 010 which had similar results of 82.1 m of 1.43% Li2O and 120.3 m of 1.72% Li2O,
respectively (
Figure 1 and Cross Section A- Error! Reference source not found.Error! Reference source not
found.).
As seen in the Cross Section B (Error! Reference source not found.), many of the western drill
holes (CS-24-012 to 015) had several narrower intervals between three (3) and 30 m wide (see
Table 1). Drill hole CS-24-016 tested directly below the CO1 outcrop to understand the continuity
of mineralization in that region, with 15.8 m of 1.33% Li2O.
Drill hole CS-24-018 is the first hole with analytical results to confirm the large, mineralized zone
to the south with results of 215.6 m at 1.69% Li2O, including 64.6 m at 2.29% Li2O. The wide
mineralized zone in drill hole CS-24-018 is at a depth of between 130 and 270 m vertically below
the surface, with the first significant mineralized interval at a depth of only 35 m vertically below
the surface.
Figure 2. Cross Section A (looking northeast)
Figure 3. Cross Section B (looking northeast)
Table 1. Summary of Analytical Results of Spring Drill Holes at Cisco Property
All intervals of greater than 2 m of core-length are included in the table. Internal dilution of non-
pegmatite material was limited to intervals of less than 5 m. 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. Drill hole collar
information has been previously reported for each drill hole reported herein and is also available
at: https://www.q2metals.com/property/cisco-lithium-property/.
Due to the Quality Assurance/Quality Control (QA/QC) protocols in place by both the Company
and the analytical laboratory (SGS Canada), drill hole CS-24-017 was re-submitted for testing.
Results will be reported when received and reviewed by the Company.
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). The reported Li grade was reported by SGS Canada as
lithium oxide (Li2O). Drill core was saw-cut with half-core sent for geochemical analysis and half-
core remaining in the box for reference. The same side of the core was sampled to maintain
representativeness.
A Quality Assurance / Quality Control (QA/QC) protocol following industry best practices was
incorporated into the sampling program. Measures include the systematic insertion of quartz
blanks and certified reference materials (CRMs) into sample batches at a rate of approximately
5% each. Additionally, analysis of pulp-split and reject-split duplicates was completed to assess
analytical precision. The QP has verified the QA/QC results of the analytical work.
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 NI 43-101 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 that included 120.3 metres
at 1.72% Li2O (hole CS-23-010).
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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Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, “forward-
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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
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Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual
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Cisco Property and inferences made therefrom, the potential scale of the Cisco Property, 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
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