Q2 Metals Extends Mineralized Zone Strike Length to 1.5 Kilometres and Concludes the 2025 Winter Program at the Cisco Lithium Project in Quebec, Canada
Q2 Metals Extends Mineralized Zone Strike Length to 1.5 Kilometres and Concludes
the 2025 Winter Program at the Cisco Lithium Project in Quebec, Canada
Highlights:
• The 2025 Winter Program concluded with 6,997 metres (m) drilled across 14 holes.
• Drill hole CS25-028 encountered eight (8) spodumene pegmatite intervals, with the
widest interval of 50.9 m of continuous spodumene pegmatite, along with additional
noteworthy intercepts of 21.5 m and 19.3 m.
• Drill hole CS25-036 encountered 13 spodumene pegmatite intervals, with the widest
interval of 64.3 m of continuous spodumene pegmatite, along with additional
noteworthy intervals of 22.3 m, 18.1 m and 12.7 m. Hole 36 ended in pegmatite at a
depth of 308.6 m due to time constraints.
• Assays are pending on all 14 drill holes completed in the 2025 Winter Program.
• The northeast-southwest strike of the main zone has increased to 1,500 m (previously
850 m at the end of 2024).
Vancouver, British Columbia, April 28, 2025 – Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF
| FSE: 458) (“Q2” or the “Company”) is pleased to provide an update on the Winter 2025
expansion drill program (“2025 Winter Program”) at the Company’s Cisco Lithium Project (the
“Project” or the “Cisco Project”), located within the greater Nemaska traditional territory of the
Eeyou Istchee James Bay, Quebec, Canada.
The 2025 Winter Program at the Cisco Project concluded with a total of 14 drill holes for 6,997 m
of drilling completed. Of the 14 drill holes completed, 10 intercepted spodumene-bearing
pegmatite. Assays are pending on all 14 drill holes, and the Company anticipates the first results
to be announced in May.
“We are very encouraged by the results to date, which continue to validate the scale and
potential of the Cisco Project,” said Q2 Metals President and CEO Alicia Milne. “With only 37
holes drilled for 14,644 metres to date, we’ve built a strong foundation for continued
advancement. Cisco’s strategic position in the southernmost part of the Eeyou Istchee James Bay
region, just 150 kilometres from rail access, gives it a distinct development advantage and further
enhances the project’s long-term value. We remain well-funded, the project remains open in all
directions and at depth, and we are eager to resume drilling in June.”
TSX-V: QTWO
OTCQB: QUEXF
FSE: 458
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“The 2025 Winter Program was highly successful,” said Q2 Vice President of Exploration Neil
McCallum. “During the program we nearly doubled the strike length of the main mineralized zone
from 850 m to 1.5 kilometres and started to drill test other areas of interest that will require
further work. On our return to the Project in June, we will continue to systematically define the
known mineralized zone, starting with Hole 36 which ended due to the start of the traditional
goose hunting season at 308.6 m and in spodumene pegmatite. Additional mapping and sampling
of the Cisco Project will also be a priority this summer as we've explored less than 10 percent of
our total land package, leaving a significant amount of the prospective 30-kilometre-long
greenstone belt still to be tested.”
Summary of Spodumene-Bearing Pegmatite Intervals
The pegmatite intervals (greater than 2 m) of drill holes CS-25-028 to 37 are reported below in
detail (Table 1 & 2):
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Table 1. Summary of Spodumene-Pegmatite Intervals at the Main Zone, Cisco Project
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Table 2. Summary of Spodumene-Pegmatite Intervals at the CO2 Outcrop Area, Cisco Project
The mineralized intervals in all the holes are not necessarily representative of the true width and
the modelled pegmatite zones are being refined with every additional hole.
Cautionary Statement: The presence of pegmatites does not confirm the presence of lithium
(spodumene or other lithium minerals). Pegmatites are fractionated coarse grained igneous rocks
commonly associated with lithium mineralization; however, many pegmatites do not contain
mineralization. The presence of any mineralization can only be confirmed with assaying.
The geological team has completed the core cutting and logging of holes CS25-028 to CS25-037
and the samples have been dispatched to the SGS Canada preparation laboratory located in Val-
d’Or, QC for mineral analysis to confirm the presence of lithium.
Discussion of Drilling Results
Three holes (CS25-029, 031 and 033) targeted the southern extension of the main mineralized
zone. With the 200-metre spacing, and only a few holes per section line, wide (>100 metre)
pegmatite intervals were not intercepted. It is expected that the wide pegmatite intervals are
present, however additional testing work is required. It is noted that the pegmatite intervals are
somewhat deeper in the drill holes at the south and further work will be carried out during the
summer exploration season to test the potential up-dip location of the pegmatite towards the
west. In summary, the main zone remains open to the south.
Hole CS25-030 targeted the deeper portions of the northern extent of the main mineralized zone
and has demonstrated that the zone is open in that direction.
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Hole CS25-028 tested the eastern portion of the main mineralized zone and provided additional
information in that area. Combined with the other holes drilled to the east, the zone remains
open in that direction as well.
Hole CS25-036 was not completed prior to the start of this year’s goose-hunting season and
ended before the intended completion depth. Despite this, the objective of the hole was
accomplished with several wide pegmatite intervals intercepted that will assist in resolving the
geometry of the pegmatite as well as providing guidance on definition-scale drilling. Drilling on
this hole will re-commence as soon as possible after the goose-hunting season.
Drill holes CS25-032, 034, 035 and 037 were drilled to define the subsurface expression of the
prominent mineralized CO2 outcrop. Additional work is needed to follow up this area as several
potential orientations have not yet been tested.
Figure 1. Map of Drilling Area, Cisco Project
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Figure 2. Cross Section B (Looking Northeast)
Figure 3. Long Section of the Main Zone
Metallurgical Testing
During the 2025 Winter Program, representative samples were assembled and dispatched to SGS
Canada for additional preliminary metallurgical test work, including heavy liquid separation (HLS),
dense media separation (DMS), magnetic separation, and flotation.
The primary objective of the preliminary metallurgical program will be to evaluate the
beneficiation of the currently defined mineralized zone at the Cisco Project with a traditional
lithium pegmatite flowsheet. The goal of the proposed metallurgical work is to produce a
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spodumene concentrate of greater than 6% Li2O with low iron content, at a maximum lithium
recovery.
Initial metallurgical testing on 16 drill core analytical pulp samples of pegmatite collected across
seven (7) drill holes at the Cisco Project indicated that spodumene is the primary lithium-bearing
mineral within all pegmatite samples (see news release from Q2 on February 12, 2025).
Optical Televiewer Survey Work
During the 2024 drill program conducted at the Cisco Project, optical televiewer survey work was
conducted on 13 of the 17 holes drilled by the Company to confirm the pegmatite contact
relationships at depth (see news release from the Company on February 3, 2025).
Following the compilation and review of the data points collected, it was determined that the
orientation of the pegmatite aligns with the surface measurements, and that the drill azimuth is
appropriate for this stage of the Company’s drilling campaigns. Additionally, the dip of the
pegmatite varies between 25- and 80- degrees (relative to the surface), indicating that the
current drill angle of -45 degrees is the most appropriate angle.
The Company continued to collect downhole televiewer data during the 2025 Winter Program.
Additional drill holes from the 2024 drill program were surveyed as well as several of the holes
drilled in the 2025 Winter Program (drilling at hole CS25-036 was in process). Data collected will
continue to refine the Company’s most appropriate drilling approach.
Sampling, Analytical Methods and QA/QC Protocols
All drilling was conducted using diamond drill rig with NQ sized core and all drill core samples are
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 will be multiplied by the standard conversion
factor of 2.153 which results in an equivalent Li2O grade. 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.
Drill Hole Collar Information
The summary of drill holes completed to date, including basic location and dip/azimuth is detailed
below (Table 3):
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Table 3. Summary of Drill Hole Collar Information, Cisco Project (CS25-028 to CS25-037)
Upcoming Events
121 Mining Investment Conference
Q2 Metals will be attending the 121 Mining Investment Conference in London, UK from May 12-
13, 2025. For more information, click here.
Canaccord Genuity Global Metals & Mining Conference
The Company will be attending the Canaccord Genuity Global Metals & Mining Conference in
Henderson, NV from May 20-22, 2025. For more information, click here.
THE Mining Event of the North
Q2 will be attending and exhibiting at THE Mining Event of the North in Quebec City, QC from
June 3-5, 2025. For more information, click here.
About Q2 Metals Corp
Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project
located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay, Quebec,
Canada where drilling is currently underway.
The Cisco Project is comprised of 767 claims, totaling 39,389 hectares. The main mineralized zone
is just 6.5 kilometres (“km”) away from the Billy Diamond Highway and transects the Project. The
town of Matagami, which features direct rail link to much of James Bay, is approximately 150 km
to the south.
Cisco has district-scale potential with an already identified mineralized zone and 2024 discovery
drill results that include:
Hole_ID Northing Easting Elevation
(m) Azimuth DIP Hole Depth
(m)
CS25-028 5613239 325729 289.4 315 -45 645.4
CS25-029 5612372 325287 329.8 315 -45 585.0
CS25-030 5613684 325734 283.6 265 -50 587.0
CS25-031 5612371 325288 329.8 325 -75 642.3
CS25-032 5613550 326548 282.1 315 -45 216.0
CS25-033 5612047 325366 306.0 315 -45 647.9
CS25-034 5613550 326549 282.1 0 -45 279.0
CS25-035 5613469 326622 279.6 10 -45 300.0
CS25-036 5613461 325247 282.2 135 -55 315.3
CS25-037 5613746 326577 280.2 190 -45 209.9
- Coordinates are in UTM NAD83, zone 18.
- All holes are NQ-size diamond drill core
- Azimuth and dip are reported as planned, and will deviate down-hole.
- Reported hole depths are subject to minor changes based on final core observations