Q2 Metals Drills 347.1 m at 1.35% Li2O Including 30 m at 1.76% Li2O at the Cisco Lithium Property, James Bay, Quebec, Canada
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. (QUEXF) ha riportato risultati di perforazione significativi dalla sua proprietà di litio Cisco nella regione di James Bay, Quebec. I punti salienti includono il foro di perforazione CS-24-021 con 347,1 metri a 1,35% di Li2O, compresi 30 metri a 1,76% di Li2O; CS-24-017 con 71,8 metri a 1,01% di Li2O, compresi 13,3 metri a 1,77% di Li2O; e CS-24-019 con 56,8 metri a 1,06% di Li2O, compresi 9,1 metri a 1,80% di Li2O. Sono in attesa i risultati di altre tre perforazioni. L'azienda prevede un programma di esplorazione accelerato nel 2025 per comprendere ulteriormente il potenziale della proprietà.
Q2 Metals Corp. (QUEXF) ha reportado resultados de perforación significativos de su propiedad de litio Cisco en la región de James Bay en Quebec. Los aspectos destacados incluyen el pozo de perforación CS-24-021 con 347,1 metros a 1,35% de Li2O, incluyendo 30 metros a 1,76% de Li2O; CS-24-017 con 71,8 metros a 1,01% de Li2O, incluyendo 13,3 metros a 1,77% de Li2O; y CS-24-019 con 56,8 metros a 1,06% de Li2O, incluyendo 9,1 metros a 1,80% de Li2O. Los resultados de tres pozos de perforación adicionales están en espera. La empresa planea un programa de exploración acelerado en 2025 para comprender mejor el potencial de la propiedad.
Q2 Metals Corp. (QUEXF)는 퀘벡의 제임스 베이 지역에 위치한 시스코 리튬 소유지에서 중요한 시추 결과를 보고했습니다. 주요 사항으로는 시추 홀 CS-24-021이 1.35% Li2O에서 347.1미터를 포함하고 있으며, 그중 30미터에서 1.76% Li2O; CS-24-017이 1.01% Li2O에서 71.8미터를 포함하고 있으며, 그중 13.3미터에서 1.77% Li2O; 그리고 CS-24-019가 1.06% Li2O에서 56.8미터를 포함하고 있으며, 그중 9.1미터에서 1.80% Li2O가 발견됐습니다. 추가 세 개의 시추 홀 결과는 아직 기다리고 있습니다. 이 회사는 2025년에 해당 속성의 잠재력을 더 잘 이해하기 위한 가속 탐사 프로그램을 계획하고 있습니다.
Q2 Metals Corp. (QUEXF) a annoncé des résultats de forage significatifs de sa propriété de lithium Cisco dans la région de James Bay au Québec. Les points forts incluent le trou de forage CS-24-021 avec 347,1 mètres à 1,35% de Li2O, y compris 30 mètres à 1,76% de Li2O ; CS-24-017 avec 71,8 mètres à 1,01% de Li2O, y compris 13,3 mètres à 1,77% de Li2O ; et CS-24-019 avec 56,8 mètres à 1,06% de Li2O, y compris 9,1 mètres à 1,80% de Li2O. Les résultats de trois autres forages sont en attente. L'entreprise prévoit un programme d'exploration accéléré en 2025 pour mieux comprendre le potentiel de la propriété.
Q2 Metals Corp. (QUEXF) hat bedeutende Bohrergebnisse von seinem Cisco-Lithium-Projekt in der Region James Bay in Quebec gemeldet. Die Highlights umfassen Bohrloch CS-24-021 mit 347,1 Metern bei 1,35% Li2O, einschließlich 30 Metern bei 1,76% Li2O; CS-24-017 mit 71,8 Metern bei 1,01% Li2O, einschließlich 13,3 Metern bei 1,77% Li2O; und CS-24-019 mit 56,8 Metern bei 1,06% Li2O, einschließlich 9,1 Metern bei 1,80% Li2O. Die Ergebnisse von drei weiteren Bohrlöchern stehen noch aus. Das Unternehmen plant ein beschleunigtes Explorationsprogramm für 2025, um das Potenzial des Grundstücks weiter zu verstehen.
- Exceptional drilling results with wide mineralized intervals, particularly 347.1m at 1.35% Li2O
- Multiple high-grade lithium intersections across all reported drill holes
- Consistent lithium mineralization found in all drill holes
- Results from three drill holes still pending due to QA/QC protocols
- True width of mineralized intervals not yet determined
Highlights:
Three (3) drill holes with strong analytical results from the summer drill campaign are reported herein and highlights include:
CS-24-021: Widest interval at 347.1 metres ("m") at
1.35% Li 2 O, including seven (7) higher-grade sub-intervals, including 30 m at1.76% Li 2 O.CS-24-017: Widest interval at 71.8 m at
1.01% Li 2 O, including 13.3 m at1.77% Li 2 O.CS-24-019: Widest interval at 56.8 m at
1.06% Li 2 O, including 9.1 m at1.80% Li 2 O.
Core assay results for three (3) drill holes remain to be reported.
VANCOUVER, BC / ACCESSWIRE / October 28, 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-24-017, 019 and 021 from the 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.
"The results for drill hole 21 have been widely anticipated and it has delivered," said Alicia Milne, President and Chief Executive Officer of Q2 Metals. "We still have three more drill holes to report and are in the process of planning an accelerated exploration program in 2025 to understand the true potential at the Cisco Lithium Property."
" The results of the continuous, greater than 300 metres interval, has been yet another piece of validation to the story of Cisco, " said Neil McCallum, Vice President Exploration of the Company. "W e've drilled some world-class intervals already, but the development of Cisco is still in its infancy and we look forward to continuing our understanding of the project through further drilling in 2025."
The analytical results reported herein represent 1,431.1 m of drilling over three (3) holes during the summer drill campaign; with analytical results remaining to be reported on three (3) additional drill holes that were completed (drill holes CS-24-020, 022 and 023).
Complete highlighted intervals from holes CS-24-017, 019 and 021 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 Holes with Analytical Results at Cisco Property
Drill holes CS-24-017 and 019 targeted the western portions of the wide mineralized zone. The results reveal several separate mineralized intervals including the widest interval of 71.8 m at
Drill hole CS-24-021 (Hole 21) targeted the central portions of the wide mineralized zone with results of 347.1 m at
Figure 2. Cross Section A (looking northeast)
Figure 3. Cross Section B (looking northeast)
Table 1. Summary of Analytical Results of 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-24-020, and the uppermost pegmatite interval of drill hole CS-24-021 were 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
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
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.
Marketing Engagement
The Company announces that it has engaged Resource Stock Digest ("RSD"), for an advertising and marketing program, consisting of report creation and dissemination, commencing on November 1, 2024, for a total cost of USD
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
FOR FURTHER INFORMATION, PLEASE CONTACT:
Alicia Milne
President & CEO
Alicia@Q2metals.com
Jason McBride
Corporate Communications
Jason@Q2metals.com
Telephone: 1 (800) 482-7560
E-mail: info@Q2metals.com
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Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company's properties 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 future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, drilling results on the 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 Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at www.sedarplus.ca.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Q2 Metals Corp.
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