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Q2 Metals Corp. (QUEXF) is a Canadian mineral exploration company focusing on unlocking its lithium projects in Quebec's Eeyou Istchee James Bay region. The company's flagship Mia Lithium Property, along with the recently acquired Cisco Lithium Property, showcases significant potential within the lithium sector. Recent exploration efforts have led to optimistic drilling results at the CO1 Zone on the Cisco Property, hinting at district-scale possibilities and extension opportunities for mineralization. With strategic drilling programs and ongoing mapping initiatives, Q2 Metals aims to tap into the vast mineralization potential of the region.
Q2 Metals Corp (TSXV:QTWO, OTCQB:QUEXF) has announced equity incentive awards, granting 2.5 million stock options to directors, officers, and consultants at $0.82 per share until December 2029. Additionally, the company granted 750,000 deferred share units (DSUs) and 6 million performance share units (PSUs) to directors and executives.
The company's Equity Incentive Plan includes a rolling 10% stock option plan and a fixed 10% plan allowing up to 13,041,422 common shares for performance-based awards. The plan aims to align interests of eligible persons with company success.
Recent drilling results at the Cisco Lithium Property showed significant intercepts including 120.3m at 1.72% Li2O and 215.6m at 1.69% Li2O, with a total of 6,359.7m drilled over 17 holes, all intercepting pegmatite with visual spodumene mineralization.
Q2 Metals Corp. (QUEXF) has finalized the acquisition of 545 additional mineral claims at the Cisco Lithium Property in James Bay, Quebec. This expansion more than triples the company's claim position, resulting in 767 contiguous claims covering 39,389 hectares. The expanded property includes over 30 km of strike length on the Frotet-Evans Greenstone Belt.
To acquire these claims, Q2 must pay $2,400,000 over 42 months and complete $1,200,000 in exploration expenditures. The claims are subject to varying royalties: a 3% GMR (2% repurchasable for $3,000,000) and a combined 2% NSR (1% repurchasable for $500,000) plus 1% GMR.
The Cisco Property has shown promising drill results, including intersections of 120.3m at 1.72% Li2O and 347.1m at 1.35% Li2O. The company has completed 6,359.7m of drilling over 17 holes, all intercepting pegmatite with visual spodumene mineralization.
Q2 Metals (QUEXF) has announced final analytical results from its 2024 drill campaign at the Cisco Lithium Property in Quebec, Canada. Drill hole CS-24-020 showed significant lithium concentrations across multiple intervals, including 26.5m at 1.08% Li2O, 15.8m at 1.43% Li2O, 41.6m at 0.90% Li2O, and 13.5m at 1.25% Li2O.
The company also reported receiving $1.9 million from the exercise of 6,250,000 share purchase warrants at $0.305 per share before their December 15, 2024 expiry. The Cisco Property, acquired in February 2024, spans 39,389 hectares and has shown promising results throughout the year's exploration campaign. The company plans to resume work at Cisco in late January 2025.
Q2 Metals has reported significant drilling results from its Cisco Lithium Property in Quebec's James Bay region. Two drill holes showed notable lithium concentrations: CS-24-022 revealed three wide intervals with Li2O grades ranging from 1.55% to 1.78%, including a section of 21m at 2.46% Li2O. CS-24-023 produced the widest interval of 188.6m at 1.56% Li2O, including 26.0m at 2.03% Li2O.
The 2024 drill campaign completed 6,359.7 metres across 17 drill holes, with these results confirming mineralization continuity over an 850-metre strike length. The company plans to expand exploration to the south and east in upcoming winter programs.
Q2 Metals has significantly expanded its Cisco Lithium Property in Quebec's James Bay region by acquiring 545 additional mineral claims. This acquisition more than triples its position to 767 contiguous claims covering 39,389 hectares, including over 30km of strike length on the Frotet-Evans Greenstone Belt. The company will pay $2.4M over 42 months and complete $1.2M in exploration expenditures to acquire these claims. Recent drilling results have shown significant lithium mineralization, including intersections of 120.3m at 1.72% Li2O, 215.6m at 1.69% Li2O, and 347.1m at 1.35% Li2O.
Q2 Metals Corp. (QUEXF) has reported significant drilling results from its Cisco Lithium Property in Quebec's James Bay region. The highlights include drill hole CS-24-021 with 347.1 meters at 1.35% Li2O, including 30m at 1.76% Li2O; CS-24-017 with 71.8m at 1.01% Li2O, including 13.3m at 1.77% Li2O; and CS-24-019 with 56.8m at 1.06% Li2O, including 9.1m at 1.80% Li2O. Results from three additional drill holes are pending. The company is planning an accelerated exploration program in 2025 to further understand the property's potential.
Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF) has reported strong analytical results from its inaugural drilling campaign at the Cisco Lithium Property in Quebec, Canada. Highlights include:
- CS-24-018: 215.6 m at 1.69% Li2O, including 64.6 m at 2.29% Li2O
- CS-24-011: 81.8 m at 1.17% Li2O
- CS-24-013: 59.5 m at 1.18% Li2O
The company drilled a total of 6,359.7 meters over 17 holes during the Spring and Summer 2024 campaigns. These results represent 2,318.4 m of drilling over seven holes, with six additional drill holes yet to be reported. The findings validate the potential and scale of the Cisco Property as a larger mineralized system, with higher-grade mineralization observed as testing progresses southward.
Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF) has concluded its Summer 2024 Drill Campaign at the Cisco Lithium Property in Quebec, Canada. The campaign completed 5 drill holes totaling 2,609.9 meters, bringing the total drilling since May 2024 to 6,359.7 meters over 17 holes. All holes intercepted pegmatite with visual indications of spodumene mineralization.
Key highlights include:
- Drill hole CS24-022 encountered 14 spodumene-pegmatite intervals, with the widest continuous interval of 52.3 meters.
- Drill hole CS24-023 encountered 15 spodumene-pegmatite intervals, with the widest continuous interval of 188.6 meters.
The campaign focused on exploring the connection of wide, continuous pegmatite zones encountered in previous holes. Samples have been sent for mineral analysis to confirm the presence of lithium. The company awaits results from 13 drill holes yet to be reported.
Q2 Metals Corp. (TSX.V:QTWO, OTCQB:QUEXF) has reported significant progress in its Summer 2024 Drill Program at the Cisco Lithium Property in Quebec, Canada. The company completed three drill holes totaling 1,419 meters, with impressive results:
1. Drill hole CS24-021 encountered a 347.1-meter continuous spodumene-pegmatite interval, the longest reported by the company to date.
2. Drill hole CS24-019 revealed 16 spodumene-pegmatite intervals, with the widest continuous interval of 56.8 meters.
3. Drill hole CS24-020 showed 17 spodumene-pegmatite intervals, with the widest continuous interval of 22.2 meters.
The company also completed a private placement financing, raising gross proceeds of $6,878,479.08. This funding will support continued exploration and development of Q2's lithium projects in Quebec.
Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF) has issued a clarification regarding its technical disclosure for the Cisco Property drilling results. The company has removed previously reported cumulative grades over 'cumulative intervals' and 'cumulative metres' from all news releases. Key highlights from the inaugural drilling campaign include:
- CS-24-010: 120.3 m at 1.72% Li2O (including 19.0 m at 2.06%)
- CS-24-007: 27.1 m at 1.96% Li2O (including 11.1 m at 2.49%)
- CS-24-008: 19.3 m at 1.75% Li2O (including 6.2 m at 2.23%)
- CS-24-009: 82.1 m at 1.43% Li2O (including 15.7 m at 1.88%)
These results represent 1,017 m of drilling over four holes out of a total 3,753 m drilled in 12 holes. The Spring 2024 Drill Campaign expanded on previous drilling, with holes CS-24-009 and 010 designed as 50 m westward step-outs from a previous hole. Drilling is ongoing and will continue into fall 2024.
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