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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. (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.
Q2 Metals Corp. (TSX.V:QTWO, OTCQB:QUEXF) has reported strong initial drill results from its Spring 2024 campaign at the Cisco Lithium Property in Quebec, Canada. Highlights include:
- CS-24-010: 120.3 m at 1.72% Li2O, including 19.0 m at 2.06% Li2O
- CS-24-007: 94.6 m at 1.52% Li2O, including 27.1 m at 1.96% Li2O
- CS-24-008: 27.0 m at 1.63% Li2O, including 19.3 m at 1.75% Li2O
- CS-24-009: 115.9 m at 1.48% Li2O, including 82.1 m at 1.43% Li2O
These results represent the first 1,017 m of a 3,753 m drilling program. The company plans to continue drilling into fall 2024, with results from an additional 2,700 m pending.
Q2 Metals Corp. (TSX.V:QTWO)(OTCQB:QUEXF) has reported significant progress in its 2024 exploration program at the Cisco Lithium Property in Quebec, Canada. The company has completed four additional drill holes, totaling approximately 1,520.6 meters. Notably, drill hole CS24-018 encountered a continuous spodumene-pegmatite interval of 215.6 meters, the longest interval announced by the company to date. The drilling campaign has defined a total strike length of 750 meters of spodumene-mineralized pegmatite, which remains open in all directions.
Ground mapping and sampling have also confirmed the discovery of eight additional spodumene-mineralized outcrop zones at surface, expanding the area of interest to 1.9 by 1.5 kilometers. The company is well-funded following a recent financing of $6.88 million and plans to continue its exploration efforts, focusing on connecting wide pegmatite zones and systematically drilling the large surface mineralized area.
Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF) has closed the second and final tranche of its non-brokered private placement, raising $4,348,480. Combined with the first tranche, the total gross proceeds amount to $6,880,369. The company issued 8,506,315 charity flow-through units at $0.475 per unit, 1,200,000 non-flow-through units at $0.25 per unit, and 22,800 flow-through units at $0.35 per unit.
The proceeds will be used for Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures on Q2's lithium projects in Quebec. The securities are subject to a hold period expiring on December 10, 2024. Finders' fees of $62,250 and 249,000 broker warrants were paid in connection with the second tranche.
Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF) has closed the first tranche of its non-brokered private placement, raising $2.53 million. The company issued:
1. 1,142,857 flow-through units at $0.35 per unit, totaling $400,000.
2. 8,519,998 non-flow-through units at $0.25 per unit, totaling $2,130,000.
Proceeds will fund Canadian exploration expenses on Q2's lithium projects in Quebec and general working capital. The securities have a hold period until December 1, 2024. A second tranche of charity flow-through units is expected to close around August 8, 2024. The offering is subject to TSXV acceptance.
Q2 Metals Corp. (TSXV:QTWO, OTCQB:QUEXF, FSE:458) announced an update to its non-brokered private placement offering. The charity flow-through unit price has increased from $0.4625 to $0.475 per unit, allowing for gross proceeds of up to $5,000,000 from these specific units. The total offering could now raise up to $7,505,000. The closing is expected around July 31, 2024, subject to customary conditions and TSX Venture Exchange acceptance. All issued securities will have a hold period of four months and one day. Q2 Metals focuses on lithium projects in Quebec, including the Mia and Cisco Lithium Properties.
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