Q2 Metals Initial Metallurgical Testing Confirms Spodumene as the Primary Lithium-Bearing Mineral within Pegmatite at the Cisco Lithium Project
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OTCQB: QUEXF
FSE: 458
Q2 Metals Initial Metallurgical Testing Confirms Spodumene as the Primary
Lithium-Bearing Mineral within Pegmatite at the Cisco Lithium Project
Highlights
• Test work completed at SGS Canada (Lakefield) indicates that spodumene is the primary
lithium-bearing mineral within in all pegmatite samples.
• No petalite, lepidolite, amblygonite or lithium-phosphate minerals were present within
a detection threshold above 1% in any samples tested.
VANCOUVER, BRITISH COLUMBIA, February 1 2, 202 5 – Q2 Metals Corp. (TSX.V: QTWO |
OTCQB: QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to announce the results of initial
metallurgical testing on drill core samples collected from the 2024 drill program on the Cisco
Lithium Project (the “ Project” or the “ Cisco Project”) located within the greater Nemaska
traditional territory of the Eeyou Istchee James Bay, Quebec, Canada.
Initial mineralogical work was completed by SGS Canada on 16 drill core analytical pulp samples
of pegmatite collected across seven (7) drill holes at the Cisco Project (specifically from drill holes
CS23-010, 017, 018, 019, 021, 022, 023, see Error! Reference source not found.). The purpose of
the mineralogy work was to provide a preliminary characterization of the lithium pegmatite at
Cisco and to orient the direction of subsequent mineral processing test work.
All samples were analyzed by X-ray diffraction (“XRD”) for quantitative modal mineralogy. The
samples that were submitted had representatively low , mid and high grades , with individual
samples containing lithium between 0.53 % and 3.8% Li 2O (see Error! Reference source not
found.).
The results of the XRD analysis indicate d average spodumene content of 17% within sample
results, ranging between 6 % and 39%. The remaining minerals in the samples include quartz,
albite, microcline, muscovite and occasionally biotite and/or beryl. All minerals are present in
common rations compared to other pegmatites in the James Bay Lithium District.
“Having spodumene as the only primary lithium -bearing mineral verified with a high -precision
method like XRD is an important milestone for the Cisco Project, verifying our core observations
of coarse -grained spodumene ,” state d Neil McCallum, VP Exploration of Q2 . “We will be
conducting further metallurgical testing of the mineralized zone at the Project to understand its
amenability to HLS and DMS flowsheet work.”
To follow -up the initial XRD analysis , samples are currently being prepared for additional
metallurgical test work, including heavy liquid separation (HLS), dense media separation (DMS),
magnetic separation, and flotation. The primary objective of the follow up preliminary
metallurgical program is 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 work
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is to produce a spodumene concentrate of greater than 6% Li 2O with low iron content, at a
maximum lithium recovery.
Figure 1. Location of mineralogical samples at the Cisco Property
Figure 2. Sample from Drill hole CS24-019
Corporate Update:
Q2 Metals announces the addition of Simon Gaivin and Chris Ackerman to its team:
Simon Gaivin – Community Relations: Mr. Gaivin is a committed professional in regional
development and stakeholder engagement, with over 20 years of experience in community
relations, partnership management and institutional representation. He has engaged with
numerous noteworthy organizations over his career, including serving as a Director of the
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Université du Qu ébec en Abitibi -Témiscaminque (UQAT) Foundation & Alumni Association, a
professional at the Re gional Conference of Elected Officials of Abitibi -Témiscaminque, and a
lecturer at UQAT in regional development and marketing. Mr. Gaivin holds a graduate degree in
Project Management from UQAT.
Chris Ackerman – Corporate Communications: Mr. Ackerman is a graduate of the UBC Faculty of
Law and has extensive experience in both government and private industry, including fifteen
years in mineral exploration. Prior to joining Q2 Metals, Mr. Ackerman was a founding member
and spent over eight years as Vice President, Corporate Development at the Metallic Group of
Companies which includes Metallic Minerals, Stillwater Critical Minerals and Granite C reek
Copper. In 2016, he took the role of Sr. Business Development Advisor with the Yukon Ministry
of Economic Development; a position primarily focused on promoting inve stment in the mining
industry and previously spent 5 years heading up the Communications & IR department at Yukon-
focused exploration companies.
“I’m pleased to welcome both Simon and Chris to Q2 as we continue to add and build upon the
strength of our team. With Simon being from Rouyn-Noranda, Quebec, his understanding of local
perspectives will contribute to the growth of our community initiatives ,” stated Alicia Milne,
President & CEO of Q2 . “Additionally, Chris comes to us with a strong and active background in
corporate strategy, capital markets, communications and investor relations. I’m looking forward
to working with them as we continue to move forward with the Project.”
Upcoming Events:
OTC Metals and Mining Virtual Investor Conference:
Alicia Milne, Q2 Metals President & CEO and Neil McCallum, Q2 Metals VP of Exploration will
present live at the Metals and Mining Virtual Investor Conference hosted by
VirtualInvestorConferences.com, on February 12, 2025 at 8:30am PT | 11:30 am ET.
DATE: Wednesday, February 12, 2025
TIME: 8:30am PT | 11:30 am ET
LINK: Click here to register
This will be a live, interactive online event where investors are invited to ask the company
questions in real -time. If attendees are not able to join the event live on the day of the
conference, an archived webcast will also be made available after the event.
It is recommended that online investors pre-register and run the online system check to expedite
participation and receive event updates.
Learn more about the event at www.virtualinvestorconferences.com.
PDAC Booth and Core Shack
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The Company will be attending and exhibiting on site at the 2025 Prospectors & Developers
Association of Canada event (“PDAC 2025”) in Toronto, ON.
Q2 is exhibiting in the Investors Exchange from March 2 – 5, 2025 at booth number 2726 and will
also be exhibiting core from the Cisco Lithium Project at the PDAC 2025 Core Shack on March 4 -
5, 2025.
For more information on PDAC 2025, please click here.
PDAC Quebec Day: Critical & Strategic: Mining in Québec
Q2 Metals is honoured to have been selected to provide a corporate spotlight presentation
during Quebec Day at PDAC. Alicia Milne will present at 10:25am on March 4th in Room 206D.
For more information on Quebec Day, 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 Territory, James
Bay, Quebec, 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.
The Cisco Project 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 k m and
180 km away, respectively.
The Cisco Project has district -scale potential with an already identified mineralized zone and
discovery drill results that include:
• 120.3 metres at 1.72% Li2O (hole CS-24-010);
• 215.6 metres at 1.69% Li2O (hole CS-24-018);
• 347.1 metres at 1.35% Li2O (hole CS-24-021); and
• 188.6 metres at 1.56% Li2O (hole CS-24-023)
Since May 2024, the Company has drilled a total of 6,359.7 m over 17 holes. All drill holes
intercepted pegmatite with visual indications of spodumene mineralization identified.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Alicia Milne Jason McBride Chris Ackerman
President & CEO Corporate Communications Corporate Communicatons
[email protected] [email protected] [email protected]
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Telephone: 1 (800) 482-7560
E-mail: [email protected]
www.Q2Metals.com
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Qualified Person
Neil McCallum, B.Sc., P.Geol, a registered permit holder with the Ordre des Géologues du Québec and Qualified
Person as defined by NI 43 -101 (“QP”), has reviewed and approved the technical information in this news release.
Mr. McCallum is a director and VP Exploration for Q2.
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